Los Feliz is home to some of the more interesting residential architecture in the city, including two homes designed by Frank Lloyd Wright: Hollyhock House and the Ennis House. Most of the mansions and private estates dating back to the 1920s are located in the hills overlooking Griffith Park. Located a few miles west of downtown, Los Feliz lies north of East Hollywood and just south of the Santa Monica Mountains, at its feet, between the neighborhoods of Hollywood, and Silver Lake.
The area is generally considered to be bordered by Hollywood Boulevard on the south, Hyperion Avenue on the southeast, Griffith Park on the north, the Los Angeles River on the east, and Western Avenue on the west. It is traversed by Los Feliz Boulevard, which separates the wealthy upper class section (“The Hills”), located in the hills north of Los Feliz Boulevard, and the more upper-middle and middle class abodes to the south.
The neighborhood has historically been home to movie stars, musicians, other glitterati, and the Hollywood elite. Although Beverly Hills has become the symbol of luxury living in Los Angeles, Los Feliz is one of the most expensive areas in Los Angeles. During the 1950s, Los Feliz was also home to an energetic village that was flocked by its residents and also the rest of Los Angeles. There was a decline in popularity during the 1970s but the district was rediscovered by pioneers in the 1980s, and a decade-long period of gentrification resulted in Los Feliz regaining its popularity. The district’s popularity was also boosted by its prominence in the 1996 film, Swingers.
Los Feliz village is home to numerous restaurants and bars. They are mostly located on Hillhurst between Los Feliz Blvd. & Prospect Ave., and on Vermont between Franklin Ave. & Hollywood Blvd.
You will also find the Griffith Observatory, Greek Theatre, Prospect Studios (formally known as ABC Television Center), Los Angeles Zoo, along with a merry-go-round two 18 hole golf courses, a driving range, baseball field several tennis courts, athletic fields, hiking, and equestrian trails in the mountains away from the residential district.
Year to Date for the period ending 12.31.14 per the Multiple Listing Service:
Los Feliz – The average single family home sale was $1,512,863 for a 2,383 square foot home on a 9,117 square foot lot. A total of 255 homes sold in an average of 53 days on market.
Silverlake, Echo Park – The average single family home sale was $893,281 for a 1,633 square foot home on a 6,138 square foot lot. A total of 319 homes sold in an average of 44 days on market.