Los Angeles daily herald., 1888-01-06
CHEAP PROPERTY.
The Latest Ripple in the
Boom.
AHEIM AFRO USING.
The Mother Colony" Falls Into
the Line Of Great Improve
ments at Last.
AN AHEIM AFRO USING.

A HERALD reporter met an Ana
helm real estate agent in the streets
Yesterday and asked how things are
moving down at the Mother Colony"
His views are SO flattering to his town
that they seem worthy OF more than
passing notice. 1t seems that the
place is astir at every point, and that
great things are to be done there and are
being done. The Del Compo Hotel is
being rushed up with all possible dis
patch the Albrecht Brothers who have
the contract pushing things in every
way. It is to be finished by the first of
February and open for guests. The
tract in which it stands is all being
laid with cement sidewalks, and the
grounds are to be handsomely i'm
proved Then the cid pioneer, Theo-
dore Reiser, has the plans all out for
his big brick block, in which the new
opera house is to be. This will be
upstairs while below is to be q Tow of
stores.
The graders who were working on
the new railroad to Los Angeles when
the roadbep was completed to Buena
Park were withdrawn and put on at
the Los Angeles end Of the road. A
large force is now working on the
Laguna ranch, just southeast OF this
city. The work is very easy and rapid
progress is being made. BY Saturday
night the grade win be finished TO the
crossing OF tho San Gabriel river, and
it is hoped that the line will be oper-
ating by the end OF January all tho
way to San Diego.
The rush of tourists has found its
way to Anaheim in great force. The
town is full OF them. Houses are so
scarce, and there is such a big demand
for them that Messrs. Littleiield and
Goldthwaitc are busy trying TO get q
lot of handsome cottages finished to
supply the urgent demand. The town
hotels are full all the time. The
reason why so many new
corners are 1ocking in to the
old colony, is because they
have found ont that Anaheim pos
sesses as fine a.climate as any other
spot in Southern California. During
the unusually cold spell which has
prevailed here, Anaheim has not felt
q chill. Even the nights down there
are pleasant and warm. The days
are simply delightful beyond descrip-
ton.
Then there is another very substan-
tial attraction which is drawing hun
dreds Of spectators and investors to
Anaheim to look at property. That is
the price at which property is still
being offered. With the best soil in
the country, with absolutely tho
finest water supply in Los Angeles
county, and with such q perfect eli
mate, it might be supposed that
lands would be held there at
fancy prices. But the fact is
property has not changed hands there
to any great extent. In the early part
Of the "boom," when the people in
other sections were crazy to let go Of
their realty at ridiculous prices, Ana
helm was a thrifty, prosperous and
therefore contented community. There
was no one in the place who had any
thing for sale. So the first settlers
hold the property still. Now while
everything eiee has changed hands a
score OF times, and at each transfer at
great increase in price, AEaheim
property ia lot inflated by such a
process. 1t has only just begun to
move upward from bedrock prices.
Three years ago it was held far above
the range in other localities. Now
it is the cheapest in
the county. The Speculation
and investor have learned this
fact. and they are now going in in
force to grab piece before the boom
ers get il too high. Rates are Oh an
up grade and those who bought a
month ago are in position to get
some benefit out OF their invest
ments. Few Of them are, however,
IN MOOD to take advantage Of this
possibility. They think they see far
better things in store for them later
on, and instead of selling now most OF
them a.e buying more. Where else
in the country can the best lands,
with plenty OF water, be had for 500