"Silver Lake's year in real estate included more than 180 single-family home sales of $1 million or more, besting the 2016 total by roughly 50 sales. There were 16 sales of $2 million or more in 2017, up from 11 sales the previous year."
"Formerly owned by noted artist and illustrator Pauline Annon, the 1930s home catches the eye from the street with its classic red-brick façade and white trim around the front door. Contemporary updates fill the 3,280 square feet of living space, which has three bedrooms and 3.5 bathrooms. Amenities include a formal dining room, remodeled kitchen, wine cellar and screening room."
"Designed by noted architect William P. Kesling, this Mediterranean villa sold in October to television writer and comic Jessi Klein and her husband, TBS and TNT executive Michael Engleman. The 1929-built house hit the market in September for $2.249 million and was pending sale in under two weeks."
Silver Lake, historically known for excellent public transportation access in the early 1900s, has evolved into a desirable neighborhood featuring architectural landmarks designed by renowned architects like John Lautner and Richard Neutra. The neighborhood's real estate market showed substantial growth in 2017, recording more than 180 single-family home sales exceeding $1 million, surpassing 2016 by approximately 50 sales. High-end transactions also increased, with 16 sales of $2 million or more compared to 11 the previous year. Notable sales included a $2.5 million Colonial Revival home on Landa Street and a $2.405 million Mediterranean villa on Balmer Drive designed by architect William P. Kesling.
Read at Los Angeles Times
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