Home > Blogs > Jenny Durling > Silver Lake CA area News and Views

Silver Lake Condos for less than $500K, $400K, would you believe $300K?

By Jenny Durling

Real Estate Agent with L.A. Property Solutions BE# 01342428

July 25, 2009 07:20 AM

Silver Lake Condos for less than $500K, $400K, would you believe $300K?!

Units in some of these buildings were selling in excess of $600K just a year ago. If you have been thinking of buying a condo in Silver Lake near the Silver Lake Reservoir or near Sunset Junction or within walking distance to Silver Lake Farmer's Market and Trader Joe's, this could be a great time to buy!

How about a 2-bedroom unit in the contemporary style complex at the corner of Silver Lake Blvd and Glendale Blvd right across the street from Silver Lake's soon-to-be-open new library? This property is just a hop skip and a jump away from the Silver Lake Reservoir Walking Path. It's also close to shopping and restaurants and part of the Ivanhoe Elementary School District.

Silver Lake Loft

This complex of 26 live/work loft units was completed in 2005 and currently there is only one unit available. 2395 SILVER LAKE #7. This one is a short sale, but if it's the right unit for you it could certainly be worth waiting for!

If you'd prefer a smaller complex closer to Sunset Blvd., how about nearly 1200 sf in the 4-unit complex at 1425 Silver Lake Blvd.?

Silver Lake split level condo

This split-level one bedroom can be converted back to its original 2-bedroom layout if that's more you speed. This complex has a large community green space out back for gardening, picnicking or simply hanging out until the Silver Lake Meadow finally opens to the public. Plus it's is just a few blocks from restaurants and shops on Sunset Blvd.

So you like the idea of living in a small 4-unit complex but 1425 Silver Lake is too small and you don't want to live on a busy street? Talk about more space! - How about a 3 bedroom, 3 bath at 3247 Descanso Dr.? Just shy of 2100 square feet, this unit even comes with and attached garage and HOA dues are a mere $300 per month. It's a perfect set up if you're thinking of bringing in a roommate or 2 to help pay the mortgage.

3 bedroom condo south of Sunset Blvd.
This complex is south of Sunset Blvd. but still just a short walk to Dusty's for breakfast or a bite of Mexican at El Siete Mares.

If you are a big fan of fresh fruits and veggies, how about a place just a short walk from the weekly Silver Lake Farmer's Market and Trader Joe's? There are currently 3 units available in the Cedar Lodge complex at 2018 Griffith Park Blvd., all of which have 2 bedrooms and 2 baths. Priced at $439,900, $429,000 and $399,000, the highest priced unit is a bank owed REO while the other two are both regular sales and easy to show. $399K for a unit in this complex is a great buy.

Cedar Lodge Condo in Silver Lake
For reasonable HOA dues you get resort style living with subterranean parking, pool, spa and a private park with trails, picnic tables and BBQ pits!

So WHERE is that unit less than $300K I mentioned?

For a real bargain, check out the condos at 2344 and 2354 Fletcher. Across the street from the new Home restaurant on Riverside Dr. and within walking distance to the Silver Lake Reservoir and the new Silver Lake Library, choose from three currently available units.

Fletcher condos in Silver Lake
There's a complete remodeled 4-bedroom for $499,450, an upgraded 3-bedrooms for $429,900 and the cheapest unit in Silver Lake- a bank owned REO 2 bedroom, 2 bath for just 299,990!