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Patch Blog: Silver Lake Income Properties In High Demand

Some current information on valuing income properties in Silver Lake, Los Angeles, CA.

Thought the Patch community would be interested in some of the data we've gathered recently concerning 2-4 unit income properties in Silver Lake:

  • Median estimated gross rent multiple: 12.7x annual rents (so, if the rents are $3,000 per month, the annual rent is $36,000 and the building's worth $457,000)
  • Median sale price as % of list price: 98% (so, if the property is listed at $400,000, it closes around $392,000)
  • Median days on market: 51
  • Median price per sq ft: $318
  • Median price per unit: $226,500

If you're interested in learning more about the value of income properties in Silver Lake, check out my blog for more info.

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

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