Developer/broker/blogger Moses Kagan has crunched the rent numbers on definitely-thoroughly-gentrified Silver Lake and on fresh-faced-up-and-comer Highland Park--he found that two-bedrooms in HP are going for half what they are in SL. So where does pretty-gentrified-but-not-yet-into-double-stroller-territory Echo Park fall? Pretty much right where you'd think it would (duh), although a bit high, probably because of the low sample size--just 24 (Katan took out the area south of the 101 because its "very different demographics and rental rates"). Here are the current stats:
-- Median rent for the five studios in the survey (all with one bathroom) was $1,050. (Silver Lake = $980; Highland Park = $800.)
-- Median rent for the 11 one-bedroom/one-bathrooms was $1,150. (Silver Lake = $1,400; Highland Park = $925.)
-- Median rent for the four two-bedroom/one-bathrooms was $2,347.50. (Silver Lake = $2,195; Highland Park = $1,100.)
-- There was one two-bedroom/two-bathroom asking $2,200. (Silver Lake = $2,445; Highland Park = $1,150.)
-- One three-bedroom/two-bathroom asking $2,395.
-- One three-bedroom/one and a half-bathroom asking $1,950.
-- One four-bedroom/two-bathroom asking $2,400.
· Is Echo Park 24% better than Highland Park? [Moses Kagan on Real Estate]
· Median Rent For a Two-Bed/One-Bath in Silver Lake is $2,195 [Curbed LA]
· 2-Beds Rent For Half as Much in Highland Park as in Silver Lake [Curbed LA]