Los Angeles daily herald., 1888-01-02
CHEAP PROPERTY.
The --latest Ripple in the
Boom.
AN AHEIM AFRO USI Nc.
The Mother Colony" Falls Int
the Line of Great Improve
ments at Last.
ANAHEIM AROUSE .

| A HERALD reporter met an Ana
helm real estate agent in the street.
yesterday and asked how things ar
moving down at the Mother Colony
His views are SO fattering to his tow
that they seem worthy OF more tina
passing notice. 1t seems that th,
place is astir at every point, and tina
great things are to be done there and ar
being done. The Del Compo Hotel il
being rushed up with all possible di~
patch, the Albrecht Brothers who hav,
the contract pushing things in ever,
way. 1t is to be finished by the first o
February and open for guests. Th'
tract in which it stands is all beinl
laid with cement sidewalks, and th'
grounds are to be handsomely i'm
proved Then the old pioneer, Thee
dore Reiser, has the plans all out foi
his big brick block, in which the new
opera house is to be. This will b.
upstairs while below is to be row
stores.
The graders who were working OF
the new railroad to Los Angeles when
the roadbep was completed to Buena
Park were withdrawn and put on al
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 rapin
progress is being made. By Saturda'
night the grade will be finished to tn,
crossing Of the San Gabriel river, and
it is hoped that the line will be oper'
ating by the end OF January all th'
way to San Diego.
The rush of tourists has found it,
way to Anaheim in great force. Thu
town is full OF them. Houses are 81
scarce, and there is such big demand
for them that Messrs. Littlefield and
Goldthwaite are busy trying to get a
lot of handsome cottages finished t.
supply the urgent demand. The town
hotels are full all the time. The
reason why so many new
Corners are focking in to tn.
lold colony, is because they
have found out that Anaheim pos
sesses as fine climate as any othe
spot in Southern California. Durins
the unusually cold spell which has
prevailed here, Anaheim has not lei
chill. Even the nights down there
are pleasant and warm. The day.
are simply delightful beyond descrip
ton.
Then there is another very substan
tial attraction which is drawing hun
dreds OF spectators and investors t.
Anaheim to look at property. That i
the price at which property is still
being offered. With the best soil il
the country, with absolutely thu
finest water supply in Los Angeles
county, and with such q perfect eli
mate, it might be supposed tina
lands would be held there Al
fancy prices. But the fact i
property has not changed hands there
to any great extent. In the carly par
of the "boom," when the people il
other sections were crazy to let 60 o
their realty at ridiculous prices, Ana
helm was thrifty, prosperous ant
Therefore contented community. Their
was no one in the place who had any
thing for sale. So the first settler
hold the property still. Now while
everything else has changed hands ;
score of times, and at each transfer g
great increase in price, Anaheiu
property is not inflated by such ;
process. It has only just begun II
move upward from bedrock prices
Three years ago it was held far allow
the range in other localities. Nov
| it is the cheapest il
the county. The speculate
and investor have learned thi
fact, and they are now going in il
force to grab piece before the boom
ers get it too high. Rates are on al
up grade and those who bought
month ago are in a position TO ge
some benefit out of their invest
ments. Few of them are, however
IN q MOOD to take advantage of thi
possibility. They think they see ia
better things in store for them late
on, and instead Of selling now most O
them aie buying more. Where els
| in the country can the best lands
with plenty OF water, be had for $40
an acre. These statements are abso
lutely true. The lands are th
best, the climate is tn
finest, the water the mos
abundant, and the price is cheap al
this. "Where can you duplicate sue
o purchase 2" said the real estate man
"'fhis 5000 an acre land is right i
town, near the two depots. tell 20
there is nothing like it in Los ANGLE
j. county, and the buyers are getting t
. know this" Thus spoke the enthus
astic Anaheimer, and from what h
a knows of the matter the reporter
!, inclined to think he is right. But il
v asmuch as the reporter is seldom
:. buyer, Anaheim has little interest il
b his opinion. 1t is the crowd OF il
+; vestors who flock in by each trail
v whose views are taken.
These lands can be planted to frui
trees, and at the end OF three year
. they will be paying a net income {
:, 5000 per acre. All sorts of fruit
y flourish in the magnificent soil {
Anaheim quite as we'll as they do i
= any of the most select spot
in this county. Here the o,
ange grows to perfection. lemon
and lines do excellently, for there