Los Angeles daily herald., 1888-01-07
CHEAP PROPERTY.
The Latest Ripple in the
Boom.
ANAHEIM AROUSING.
The mother Colony" Falls Into
the Line Of Great Improve
ments at Last.

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 30 flattering to his town
that they seem worthy of more than
passing notice. It 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 win all possible dis
patch the Albrecht Brothers who have
the contract pushing things in every
way. 1t 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 inn
proved Then the old 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 row Of
stores.
The graders who were working on
the new railroad to Los Angeles when
the roadbep was completed to Buere
Park were withdrawn and put ON at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 will be finished to the
crossing OF the San Gabriel river, and
it ia hoped that the line will be oper-
ating by the end of January all the
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
ecarce, and there is such big demand
for them that Messrs. Littlefeld and
Goldthwaite are busy trying to get a
lot Of harCsome cottages finished TO
supply the urgent demand. The town
hotels are full all the time. The
reason why SO many new
comers are fockiug in to the
old colony, is because they
have found out that Anaheim pos
sesses as fine climate as any other
spot in Southern California. During
the unusually cold spell which has
prevailed here, Anaheim has not felt
chill. Even the nj. hts 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
drods of spectators and investors t.
Anaheim to look at property. That il
the price at which property is still
being offered. With the best soil il
the country, with absolutely the
finest water supply in Los Angeles
county, and with such perfect eli
mate, it might be supposed tina
lands would be held there a
fancy prices. But the fact i
property has not changed hands there
to any great extent. In the early par
Of the "boom," when the people il
other sections were crazy to let go O
their realty at ridiculous prices, Ana
helm was a thrifty, prosperous an,
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 whil'
everything else has changed hands ;
score OF times, and at each transfer a
a great increase in price, Anahein
property is not Inflated by such ,
process. 1t has only just begun Il
move upward from bedrock prices
Three years ago it was held far abov'
the range in other localities. Nov
it is the cheapest il
the county. The speculate
and investor have learned thi
act, and they are now going in j.
force to grab piece before the boom
ers get it too high. Rates are on OIL
up grade and those who bought
month ago are in a position 10 ge
some benefit out of their invest
nents. Few of them are, however
IT. moo1 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 are buying more. Where els
in the country can the best land1
with plenty of water, be had for 500
an acre. These statements are abso
lutely true. The lands are tn
best, the climate is tn
finest, the water the mos
abundant. and the price is cheap AZ
shis. "Where can you duplicate sucl
a purchase ?" said the real estate man
This $500 an acre land is right il
town, near the two depots. I tell yo'
here is nothing lik it in Los Angelo
| 9 unity, and the buyers ar getting t,
know this" Thus spoke the enthusi
astic Anaheimer, and from what h
knows Of the matter the reporter
inclined to think he is right. But in
asmuch as the reporter is seldom
buyer, Anaheim has little interest il
hi1 opinion. 1t is the crowd Of III
vestors who flock in by each trair
whose views are taken.
These lands can be planted to frui
i. trees, and at the end of three year
they will be paying anet income Q
5000 per acre. All sorts. Of fruit
J flourish in the magnificent soil Q
Anaheim quite az well as they do il
any OF the most select spot