Silver Lake
The Silver Lake area is located about five miles northwest of downtown Los Angeles and just east of Griffith Park. The district gets its name from the Department of Water and Power’s Silver Lake Reservoir. The Department of Water and Power established these reservoirs in the early 1900s as part of the city-wide system of water storage.
Many famous architects, Neutra, Schindler, Lautner, Wright, Ain, to name a few, were commissioned to build residences. While many of these architects created avant garde buildings in the 1930s, Spanish Mediterranean, with stucco, arches, and roof tiles, is the defining style in Silver Lake. Local realtors point out that there are more architecturally significant homes per square mile in Silver Lake than in other area of Los Angeles.
Current Median Home Value (Based on Zip Code 90026): $456,790
Home Use:
74.4% Rented
21.7% Owned
Median Household Income: Approx. $34,000
Sources:
www.silverlake.org
Prudential Real Estate
