Discover one of the most hipster neighborhoods of our town.

Both these areas, often combined together because of their geographic proximity, started developing rapidly in the late 19th century. The reason for that was very utilitarian – Silver Lake and Echo Park Reservoirs were some of the first water storing facilities in our town, so people were naturally drawn towards these lands.

Later on, in the early 20th century, cinematography came to Edendale, and it became one of the first places on the West Coast to have several movie studios in close proximity to each other. Even after some studios relocated a few miles west to Hollywood, Silver Lake and Echo Park remained one of the biggest epicenters of cinematography in our town.

Just like many other neighborhoods of Los Angeles, in the 80s and 90s this part of town was going through tough times dealing with gangs' violence, police brutality, and drug trafficking. However, roughly from 2010, this area started to gentrify massively, bringing our attention and interest not only to this neighborhood, but to North East Los Angeles in general, becoming one of the most rapidly appreciating neighborhoods of our city. To this day, Silver Lake and Echo Park remain some of the trendiest neighborhoods of Greater Los Angeles.

Single Family Home Price Range: There are a few contributing factors as to why Silver Lake and Echo Park have become what they are today – very hipster and trendy parts of town. First of all, the hilly terrain offers some stunning views. Also, most parcels of land here were sold separately, which allowed for the independent development of properties in every shape and style imaginable. Today, for a small updated home here prepare to pay north of $800K. Add a view to that, and you are looking at a much higher price tag. If perhaps you are looking for an work of art designed by one of the renown architects responsible for the way Southern California looks like today, you can expect to drop multi millions.

Condo Price Range: The condominium market here is not as active as the single family home one. When it gets to this kind of product, your options might be somewhat limited. However, this may be exactly what some young, active, and fashionable people are looking for. The barrier of entrance could be even lower than $500K, which is right around the median condo price in the City of Los Angeles anyway. If you want more space, and maybe some additional amenities and views, developers have been offering plenty of SLO properties lately (essentially, townhomes that stand next to each other without touching). However for this nice view, rooftop deck, and sweet little community, you will most likely pay over $1M.

Sincerely,

Oleg Korolov


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