About Silver Lake
Silver Lake is a residential and commercial neighborhood located in the central region of Los Angeles, California. just five miles northwest of downtown Los Angeles and just east of Griffith Park. Originally named Ivanhoe in the 1900s by a resident from Scotland, it was built around what was then a city reservoir which gives the district its name. The “Silver” in Silver Lake is not because of the water’s color, but named for a local politician who helped create the reservoir.
During the 1930s, Walt Disney built his first large studio in Silver Lake at the corner of Griffith Park Boulevard and Hyperion Avenue, currently the site of Gelson’s Market. As consequence, the name “Hyperion” is used by Walt Disney Company, with company entities carrying the name, such as Hyperion Books and the Hyperion Theater at Disney California Adventure Park.
Currently, the median sales price on a home in Silver Lake has been running just above $787,000. This is about a 7 percent increase over 2014 activity, with actual sales rising at about 4 percent versus the previous year. The increase in value reflects a $639 per square foot value, which is more than a 10 percent boost over 2014. Actual pricing for listings is just above $1,035,000 going into November 2015, showing a typical seasonal drop slightly below the previous summer activity.
Many IDX providers allow you to create saved searches to link to. This can be for homes based on price range or property characteristics.
Dining and Shopping
Numerous spots continue to get recommendations, both in paper and by referral, including Café Stella, Gobi Mongolian, Hyperion Public, Casita del Campo and more.
Silver Lake, known as one of “the city’s hippest neighborhoods”, has many bars, night clubs and restaurants. Silver Lake has its own share of reputable dining spots, as well as bars and diners where to relax and shake off the stress at the end of the day.
Parks and Recreation
The Silver Lake Recreation Center just below the Silver Lake dam, represents 10 years of joint effort between the community, the Council office and the Department of Recreation and Parks.
The neighborhood sits in a prime location to get just about anywhere else in the L.A. basin quickly. More importantly, the routes available are free from most of the typical tourist traffic, which makes getting from point A to point B a lot easier.
So for those considering a move to Los Angeles, Silver Lake should be on the places to visit. The best way to do so when looking for a home is to connect with a local agent who knows the area and get a tour of the properties available. This will give you both a chance to see the area in general without worrying about getting lost the first time, as well as see the specific property inventory up for sale. It’s probably a safe bet you’re going to like what you see in the neighborhood if you look around enough, so make sure you have the time to really explore Silver Lake.