About Silver Lake
L.A. suburb Silver Lake was once called Ivanhoe by a resident from Scotland but changed its name to honor the city reservoir around which the district was built. It’s a thriving community that’s long been distinct for its urbane lifestyle and many notable residents.
Silver Lake is just 5 miles north of Downtown L.A. and 17 miles northeast of LAX. It is bordered to the southeast by Echo Park, to the southwest by Westlake and to the west by East Hollywood. Los Feliz is to its north.
Five Great Reasons to Live in Silver Lake
Silver Lake is renowned for its influential and creative music scene. It is considered the heart of L.A.’s indie and alternative music scene. Little wonder that recording and rehearsal spaces abound throughout this neighborhood.
Chow & Imbibe
Eating and drinking out is a cinch for any foodie or night owl. Eateries cater in everything from tapas to Thai, Lebanese, Indian, Japanese, German and even Mexican-French fusion. Bars offer amazing cocktails, craft beers and specialty drinks to a discerning, fun crowd.
Los Angeles is not just about frivolous housewives and conspicuous consumption! It’s also about boundless energy and being at the forefront of emerging trends. Silver Lake is the epitome of that unique L.A. spirit and creativity.
There’s no denying that Silver Lake may have funky charm whilst filled to the rafters with hipsters and the hipster lifestyle. With quirky stores galore coupled with its vibrant music and arts scene, it’s no wonder that Silver Lake was named the nation’s “#1 Hipster Neighborhood” by Forbes magazine!
Reservoir by Another Name
The reservoir that gave Silver Lake its name is central to the suburb, both geographically and in spirit. A safe place to exercise, it features a 2.25 mile running track. Sundowners and snacks can be enjoyed as yet another glorious sunset burnishes over the reservoir.
Apartment Stats in Silver Lake:
The average apartment size in Silver Lake is 645 sq. ft, with a median price per square foot of $725, which is substantially above the Los Angeles average of $506. A median rental is $4,000 as of August 2018. The ratio of renters to homeowners in Silver Lake is 68% to 32%, making it a competitive rental market. Prospective property investors should find that appealing.
Silver Lake remains eternally hip, creative and funky – unique features that continue to make it an interesting property investment choice.