Los Angeles daily herald. [microfilm reel] (Los Angeles [Calif.]) 1884-1890, 1886-04-11
LOTS $500 EACH /!
In Monthly Payments Of $40 !
WITHOUT INTEREST.
FIRST PAYMENT $50 +!

The URMSTON TRACT, which has re.
manned in the possession OF the owner ever
since he entered it at the land office. has al
last changed hands. This beautiful proper
ty will be Immediately subdivided into
building lots. The deed will be placed with
F. G. Howes, Esq. the Cashier OF the Los
Angeles National Bank, as trustee, and the
bank will be made a depository for the
funds, by the Southern California Land Co.,
No. 26s N. Main street, who become the
managers of this popular enterprise. The
same gentlemen inaugurated and brought
10 successful result the "Childs Tract
Homestead. They also formed the Colum.
bia Colony Syndicate for the Fowler
Rancho. Those shares. placed in Decem.
Der last at $3.50. now command $4,000
The Urmston Tract forms three hundred
and seventy-eight large lots. Four Electric
Masts viii be maintained without charge to
the 1ot-holders for one year Artificial stone
and plank sidewalks viii be constructed on
every street. Six elegant cottages are to be
erected on different portions OF the tract.
All of the Improvements, INCLUDING THE
BUILDINGS, will be without charge
TO the subscribers to the lots, and
the division of the property made in the
same manner as that OF the Childs tract
which was SO eminently satisfactory to all.
The payments being, as in the former case,
directly to the owners of the land, the price
to subscribers has been placed at the lowest
possible amount. During the sale of this
splendid property there will be ne need to
take outside excursions for building lots
miles away, at hundreds of dollars above
their value.
These lots in the Urmston tract are to be
sold at 500 each, in payments of $50 the
first month and OF $40 per month thereaf ter
without interest. The division takes
place after the fourth months payment,
which will be in August next.
The property lies between Adams and
Washington streets, fronting also on Adams,
Hoover and Vermont avenue. and other
broad and beautiful thoroughfares.
1t is pleasant walk from the Figueroa
street railroad through Washington street to
the tract, which is surrounded by hand
some mansions; those OF Messrs. Burke,
Mccreery, Karpe, Bowker. Mics, whitne
and Others being conspicuous.
As residence site, this tract has no supe-
rior. The water is of the purest quality.
and Mr.. Burke, at the corner OF Adams
street. offers it to all corners as a sample of
one OF the good things OF the many that
await new residents of that quarter.
The city water will also be piped to these
lots when required by the occupants of the
many beautiful homes that will be made
within the next few months Three dis
tinct street railroads in very short
time will pass the property on Washington
and Adams streets. and on Vermont avenue
Col. Howland's electric motor road win
pass on Adams street.
The low price of these desirable building
sites is for the purpose of at once adding
largely to the Improvements of this charm
ing portion of the city.
The first-cIass sidewalks, the
elegant cottages, the electric
lights, and the unrivalled locality, will
sell all these lots In very few days, espeei-
ally on the long time offered. Yesterday,
although the tract was not yet placed on the
market. thirty names came into the Office Of
the company, and residents near The tract
brought in eighteen more. The broad 'front.'
age and the fine depth OF the lots commend
them to every one seeking an investment
that will more than double within the next
six months.
below the st. Elmo Hotel, every hour, direct
to the tract-fare. FIVE cents. On Sunday
these buses leave every half hour. Time
required for the trip, twenty-four min utes.
Tue same location in San Francisco. with
lots but HALF the size, command $4,000 ach.
Los Angeles will have at least treble its
present population within the next three
years. What will be the value of this
splendid property in that timer
ON portion of the tract there are bearing
grange trees and vines. The improvements
10 be made will be commenced at once, and
will be completed before the division Of the
lots in August next APPS I'm
SOUTHERN CALIFORNIA LAND COMPANY,
1853 NORTH MAIN STREET.