Los Angeles daily herald., 1886-04-07
4 FIRsr.cLAss INVESTMENT.
one of the Most Charming sites
So NKasahanees I'm the flhfV.

one Of the Most Charming Sites
for Hesfdenees fn the City.
The Urmston Tract, which has re-
NAMED in the possession Of the owner
ever since he entered 1t at the land
office, has at last changed hands. This
beautiful property will be Immediately
subdivided into building lots. The
deed will be placed with F. C. Howes,
Esa., the Cashier of the Los Angeles
| National Bank, as trustee, and the bank
| will be made depository for the funds,
by the Southern California Land Com
pany, No. 1853 North Main street, who
become the managers of this popular en-
terprise. The same gentlemen inaug-
urated and brought to a successful re.
suit sthe "Childs Tract Homestead"
They also formed tho Columbia Colony
| syndicate for the Fowler Rancho. Those
| shares, placed in December last at $3.50,
now command $4,000.
The Urmston tract forms three hun
dred and eighty.seven large lots. -Four
electric masts will Re tsaintained with.
out charge to the lot-holders for one
year. Artificial stone and plank side
walks will be constructed on every
street. Six elegant cottages are to be
erected on different portions of the
tract. All of the improvements. IN
cLuDINe THE BUILDINGS, will be Without
charqe 10 The subscribers 10 tie lots, and
the division Of the property made in the
same manner as that of the Cbilds tract,
which was so eminently satisfactory to
all. The payments being, as in the
r g. of
the land, the price to the subscribers has
been placed at the lowest possible
amount During the sale OF this splen-
did property there will be no need to
make 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 thereafter 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 thorough |
fares.
1t is a pleasant walk from the Figue.
roa street railroad through Washington
street to the tract, which is surrounded
by handsome mansions; those OF Messrs.
Burk, McCreery, Hunt and others being
conspicuous.
As a residence site this tract has no
superior. The water is of the purest
quality, and MIR. Burke, at the corner OF
Adams street, offers it to all corners as
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 occu-
pants Of the many beautiful homes that
will be made within the next few |
months. THREE DISTINCT STREET RAIL
ROADS in q very short time will pass the
property on v ashington and Adams
streets, and ON Vermont avenue. Col.
Howland's electric moter road will pass
on Adams street.
The low price of these desirable build
ing sites is for the purpose OF at once ad-
ding largely to the improvements of this |
charming portion of the city.
THE FIRST CLASS SIDEWALKS, THE ELE.
CANT COTTAGES, THE ELECTRIC LIGHTS,
Hnl IDt SUI gu
these lots in very few days, especially
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 frontage 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.
First class buses leave North Main
street, 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 minutes. The same
location in San Francisco, with lots but
half the size. command 81 900 each. 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 time?
On portion of the tract there are
bearing orange trees and vines. The
improvements to be made will be COM
menced at once, and will be completed
before the division of the lots in August
next. The office of the Company will
be filled to-day with applicants for this
fine residence property.