Silver Lake
Silver Lake is one of Los Angeles’ most established residential neighborhoods, offering a diverse multifamily landscape alongside active commercial corridors and a strong neighborhood identity. The area's apartment inventory ranges from smaller, older properties to newer residential and mixed-use developments, particularly around major corridors such as Sunset Boulevard. Its central location provides convenient access to employment and entertainment centers throughout Hollywood, Downtown Los Angeles and surrounding neighborhoods. For multifamily owners and investors, Silver Lake offers a range of opportunities, with location, property condition, renter demand, development activity and proximity to neighborhood amenities all playing an important role in individual asset performance and long-term value.
MARKET OVERVIEW
Source: CoStar | Silver Lake Multifamily | 2025
Units Sold
151
Rent Growth (YoY)
0.9%
Average Cap Rate
5.4%
Vacancy Rate
1.9%
Average Price Per Unit
$279,934
Average Rent
$2,078
Average Sale Price
$2.5M
Total Transactions
17
EMPLOYMENT DRIVERS
Silver Lake benefits from its central location and access to employment centers throughout Downtown Los Angeles, Hollywood and surrounding Central Los Angeles neighborhoods. Local employment is supported by the neighborhood’s retail, dining, hospitality and creative-oriented businesses, particularly along major commercial corridors such as Sunset Boulevard. This combination of local businesses and access to larger employment centers helps support multifamily renter demand.
TENANT PROFILE
Silver Lake has a predominantly renter-oriented housing base, attracting a mix of professionals, singles, couples and smaller households drawn to the neighborhood’s central location, established residential character and lifestyle amenities. Demand is supported by access to dining, retail, recreation and surrounding employment centers, while the neighborhood’s mix of older apartments and newer development provides housing across a range of property types.