Echo Park / SilverLake.
ESTIMATED FROM 2024 RECORDED SALES · RECOMPUTED SEPTEMBER 2026
Echo Park and Silver Lake are the classic Eastside value-add play: 1920s-1960s walk-ups on hillside streets where renovated units command some of the strongest rents per square foot east of Hollywood. Nearly all of the stock is pre-1979 and RSO-covered, so deals are underwritten on turnover pace and renovation spreads.
Small buildings dominate, from duplexes to eightplexes, and owner-users compete with investors for anything under $2M.
Recorded sales by year
| YEAR | SALES | MEDIAN EST. PRICE | MEDIAN EST. $/UNIT | MEDIAN EST. $/SF |
|---|---|---|---|---|
| 2020 | 53 | $1,349,998 | $389,999 | $483 |
| 2021 | 158 | $1,342,499 | $423,750 | $498 |
| 2022 | 197 | $1,401,749 | $429,706 | $491 |
| 2023 | 147 | $1,350,000 | $462,500 | $549 |
| 2024 | 169 | $1,300,000 | $433,333 | $541 |
~4,430 MULTIFAMILY BUILDINGS · 23,105 UNITS · 90% BUILT BEFORE 1979 (RSO-ERA)
NEWEST RECORDED SALE DEC 31, 2024 · RECOMPUTED SEPTEMBER 25, 2026
Coverage: the most recent recorded transfer per parcel over roughly the last five years, limited to sales that reset the Proposition 13 base year and to parcels assessed at $100,000 or more, so a building that traded more than once appears once, and earlier sales are not shown. Prices are estimated from the LA County assessor roll: the Prop-13 reassessment recorded at sale, deflated 2%/yr back to the sale date. They are estimates, not verified closing prices.
Latest Echo Park / Silver Lake trades
Coverage: the most recent recorded transfer per parcel over roughly the last five years, limited to sales that reset the Proposition 13 base year and to parcels assessed at $100,000 or more, so a building that traded more than once appears once, and earlier sales are not shown. Prices are estimated from the LA County assessor roll: the Prop-13 reassessment recorded at sale, deflated 2%/yr back to the sale date. They are estimates, not verified closing prices.
What decides the price
Echo Park and Silver Lake trade on character and location rather than on unit count, which makes them the submarkets where a comp set drawn purely on price per unit misleads most often. Small prewar buildings, courtyard plans, hillside lots with views and difficult parking all price differently from the flat-lot income product a county-wide median is built from. Rents here have moved a long way over two decades while the RSO held sitting tenants near where they started, so loss-to-lease is frequently the entire trade rather than a line in it.
Who buys here
Owner-operators who intend to live in one unit, design-driven buyers who will renovate rather than flip, and 1031 exchange money leaving larger assets for something easier to run. The exchange buyer is the one with a clock, and a seller who knows where the exchange deadlines fall can hold firmer on price and on terms.
What is the average price per unit for Echo Park / Silver Lake apartment buildings?
The estimated average is $468,321 per unit (about $553 per square foot). It is estimated from 169 sales recorded in 2024, the most recent year with enough recorded sales to average. These are not closing prices: each sale is priced from the LA County assessor's Prop 13 reassessment at the time of sale, deflated back to the sale date. A valuation of a specific building needs verified comps.
Who sells apartment buildings in Echo Park / Silver Lake?
Shaya Lowenstein (Lyon Stahl Investment Real Estate, CA DRE #01942326) brokers multifamily and land in Echo Park / Silver Lake and across Los Angeles. Free 48-hour valuations at https://www.shayarealestate.com/valuation.
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