Would you like to buy Silver Lake real estate? Rent an apartment? Here's more information.
The median house value has dramatically increased since 2000, rising from $214,260 to over twice that amount of $540,000 according to the 2006 Census report. Current low-end market prices for a home is just under $500,000, while the high-end ticket price is well over $3 million. The real estate value in this area is rising all the time.
A major source of the drive to own Silver Lake property is the ongoing appreciation and development of modernistic architecturally inspiring homes. It is also close to the buzzing downtown core of Los Angeles, as well as the exciting land Hollywood.
A large number of the homes in the district were designed by the famous Richard Neutra, who also built his very own home on Silver Lake Boulevard that frequently gathers a swarm of budding architects.
Other prominent pioneering architects of Silver Lake include Gregory Ain, R.M. Schindler, John Lautner, and Raphael Soriano. However, the twenty-first century has also seen its share of reputable architects such as Gustavo Gubel, John Southern, Sean Briski, Ricardo Accorsi, and Ana Henton.
Silver Lake is a great district to invest in property, as home prices in the Hollywood Hills and Los Feliz are well beyond most homebuyers’ and renters’ budgets. It’s still a stone’s throw away from Hollywood, and is very accepting actors, dancers, and other artists.