Back in early 2012 when Moby was blogging about Los Angeles architecture, the electronic music star featured a photo of a lemon-yellow Silver Lake bungalow to illustrate a post about how affordable L.A. is for working artists compared to New York, London and San Francisco. Moby conceded that he knew little about the “beat up” bungalow on Lucile Avenue but that it appeared to have spectacular views of Griffith park and “probably costs 1/10th as much as it would cost in any other big, western city.” Moby may have to revisit his real estate analysis. That same bungalow, an approximately 1,300-square-foot bungalow, just sold for $580,000, according to Redfin.
Investor Friendly! Here is a chance to rehab in this prime Silver Lake location. Every morning you can wake up you to awesome views to the Hollywood Hills, iconic sign, plus extra views to the Hollywood observatory.
Words like “investor friendly” probably attracted more house flippers than working artists.
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