Silverlake's hillside zoning, narrow street grid, and concentration of architecturally significant mid-century multifamily mean new construction has been effectively zero for decades. Stock has been constrained the entire time rents have risen.
Selling an apartment building here? Silverlake multifamily broker — Michael Sterman's record, comparables and process →
| Buildings closed | 3 |
| Units | 38 |
| Total volume | $9.2 million |
| Price per unit range | $232K – $250K |
With 3 closings here, this is a range rather than a median — too small a sample to call a midpoint. The full record across every submarket is in the Sterman Transaction Index.
| Address | Units | Price | Closed |
|---|---|---|---|
| 646 N Madison Ave | 10 | $2,325,000 | 2026-05 |
| 1442 Lucile Ave | 12 | $2,920,000 | 2026-01 |
| 2320 Glendale Blvd | 16 | $4,000,000 | 2024-08 |
Drive the hills between Rowena, Glendale Boulevard, and the reservoir. Count the new construction multifamily. The answer is close to zero. The topography is too steep for most development. The zoning is restrictive. The...
Read the full seller's guide →Living in townSilver Lake is a hillside neighborhood east of Hollywood, known for mid-century modern residential architecture, Silver Lake Reservoir, and a creative-class identity that has shaped LA's cultural profile for decades.
See the full neighborhood profile →Closings3 Sterman Multifamily Group closings in Silverlake. See the full transaction record.
See all 3 Silverlake closings →FAQ3 common questions about selling an apartment building in Silverlake — answered.
Read the full FAQ →Silver Lake is the LA submarket with the widest structural in-place-to-market rent gap for long-tenured buildings. Stock cannot expand. Tenure is long. The pricing story is about scarcity and the architectural character of specific buildings, not about cap-rate mechanics.
Michael Sterman will walk through comparables, buyer pool, and timing specific to your building — no obligation, no pitch.
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