Los Angeles daily herald. [microfilm reel] (Los Angeles [Calif.]) 1884-1890, 1886-05-09
REAL ESTATE.
Notes of Interest From
City and Country.
RECENT SUCCESSFUL SALES.
Some New Enterprises-An Encour'
aging 0utlook-Building and
Other Improvements.


The real estate business in this city
has been lively during the past week
aud the outlook is good. Dealers
throughout the city express confidence
that the present satisfactory condition
Of affairs will continue for considerable
period. One gentleman especially well
posted in real estate matters remarked
to a HERALD reporter yesterday, II con-
slider Los Angeles land at present prices
the best investment man can possibly
make. We are just at the threshold Of
the greatest boom this southern country
has ever seen. The reasons are numer-
Gus. among the principal being the fact
that there are shortly to be great rail
road developments which will double
the importance of Los Angeles as rail-
road center; then crops of all kinds are
enormous, and will bring large amount
Of money into the country this fall;
again the recent additions to our pepu-
lation are nearly all enterprising people
disposed to push things, and, finally, the
whole eastern country Is interested In
Southern California, and we may be sure
that immigration, large as 1t has been Ia
the past, will be ten fold greater in the
future. have lately been east, and i
seemed to me as If every other man
met was coming to Southern California
NV candid, honest opinion is that 1t is
good time to buy now. The coming
year will see wonderful changes in both
city and country"
The auction sales of the past week have
been very successful, the principal be-
ing the Sohieffelin and the Aloantsra
tracts. At both the average prices came
fully up to the expectations Of the own
ers. AS everything in the real estate
line IL of interest the following points
were gathered yesterday concerning en-
terprises at present under way or con-
for the future.
GREAT AUCTION SALE.
Next Friday the Los Angeles I'm
provement Company hold their third
auction sale for this season. l26 lots at
the terminus Of the Temple street cable
road will be offered, and as the new line
OF travel will be opened In few days
tnere Is doubtless mere eooo ensnoe ior
speculation. Inc pfeoeo'hs TWO saies
were very SUCCESSFUL ana many VI 'ne
purchasers nave resi'zsd nshosoiheiy On
their investments. Inc iace ,nat tls
lots are near the terminus Oh oo.n caols
roads Is greatly IN tneir FAVOR ihey arc
all pleasantly situated with me view
and good drainage. lhey are 70 pe soio
on easy eefms-one-quaiser oash SUI .he
balance In one auo Two years wi.n
interest az Ten Per eene. ,ns
class OF properly VIII never pe urue
on the market IL lapiay
peing improved py snae grazing anu sne
erection OF napos3me resiuences ~ W..
neg aporhooo. Dens 10" nu
riae rom sne cen.e, VI to~n' ~ rsns
Iuliy claimso .has me Plioes " Ioss ne,e
ere very cheap. Az ths auo.ion ssie
there VIII doubtless De many bargains:
Inc sale taxes place on tne gtounos AZ
10 A. NJ. Those who Wish TO attend can
nave a ,ree rae on the Seconu-s1Isss ca
pie ROAD on tne gay OF saie sno = iree
lunon VIII Do servso On shs sroune'
eARvAszo.
The Garvsnzo Company report extra
ordinary success win tnat new settie-
ment' ALREADY tnere - qui,s nssie
Town, ana tne new hotei - fapiaiy oeine
pushed TO complexion Inc advantages
d Sarvanzo are tnss IL possesses nne
climate, productive soil and u !" Just
between Two tnriving cente,s oi PoPuia'
t'on, Los Angeles ana rasaoena. nay
ing raiifoaa ooin'n unicss'on WIN oo'n'
and being put an easy oriVe rom .own,
u Is not strange mat as.Iaoung =
GOOD many people VINO WISE 70 invest:
The 6arvanzo Company Is moving great
enterprise N tne matter o. improve
'"'s;s aa III il ,s;th orn.asn,sI
trses and shrubberv. The teachers Of |
los Angeles have shown decided par.
tiaIity 10 Caryapzo and have invested |
money there.
v.c.v,s .nn,r,oS m .x rrpx.sno
..t,
AZ new pan rernanac cons'oersols
Actvity y manifested; Ibis uacs CON,
mences hiteen miles from the city ana
extends 10 point twenty-nse mnes
from the cry. Inc lana Is nue. ricn
loan, excellent Ior iruit trees and all
kinda Of crops. Inc water supply comes
rom artes'An weiis ana Is carriso over
the tract IN IRON pipes. several stene
reservoirs nave been Duiit 10 store water |
IN, thus guaranteeing an abundance ~
oil times. Senator Maciay, the former
owner OF the tract, donated sioo,ooo 10
endow college OF theology OF the uni
yersity OF Southern California at San
Fernando, and work on this grand
building will shortly be commenced.
Two brick residences are now being
built, the contract has been let for
brick store 40x66. and plans are being
arawn ior ano'ner o'ieA s'o'.. ny
,hs srsct There i, now oonsidsrsbls
n,ohshiI;tv that iba INV rs;Iroad N s.n
and nm The coast will
~ ssn Fsrnando w;tb a.. old
,;na ~ ,bs soutbsrn pso;fi, Tbs
nsv ronts mantiansd in vestsr.
49,. uv..,n ss.ms varv fass;hIa
"a viii nrobabIv he adontsd
IN s,v event these choice lands viii Al