The herald., 1893-02-22
REAL ESTATE STILL JUMPING,
The Market Still in a Lively
Condition.
A Number Of More or Less Large
Transactions Under Way.
Victor Ponet Said to Have Purchase d
the French Charley Block-Mr.
Stimson Still Looking for
Good Purchases.

That confidence is restored in the real
estate market, and that the tone is
healthier all the way through, is the
universal verdict of property owners as
we'll as the real estate agents. This
condition has developed definitely dur
ing the last month or two. Sales of all
descriptions of desirable property are
being made every day.
Probably the largest sale reported
this week is one which Mr.. Victor Ponet
now has under consideration, for the
sum Of SIG, 400. The property is on the
east side of Main street, near Third
street, and is bounded on the north by
the new McLain & Lehman block, and
on the south by the Desmond property,
on which building ia now being erect
ed. The property under negotiation is
owned by number of heirs, the chill
dren of Jose Msscsrel. 1t is known as
the French Charley block. There is a
frontage of 81 feet on Main street, 43
feet of the frontage having depth OF
297 feet and the remaining Is feet ex.
tending Jas feet toward Los Angeles
street. A single-story brick structure is
on the most of the lot. A 20-foot alley
way serves as an outlet to the livery
stables in the rear OF the stores. This
property was examined Saturday by
member of the Turnverein Germania as
o possible future home for that organi-
cation. Twenty. seven Thousand four
hundred dollars was asked for the place,
but as the gentlemen could take no &C.
,x,r ID To r-r,fil of III aak-
ing of the society tonight, nothing def
mite WAS done. In the meantime Mr..
Ponet comes along and takes the prop
msde through Sabichi & McConnachie.
Mr.. Msscarcl, who looks after the in
terests of the heirs, told HERALD re-
porter last night that if Mr.. Ponet did
not buy the property the first option on
it would be given to the Turner society.
The following instance is but one in
many that illustrates the efficiency of
the HERALD as an advertising medium.
The sale in question is about the quick
est on record. Lsst week Norton &
Kennedy had the following ADVERTISE
ment in the classified country property
column on the sixth page Of the HER
AID:
TOUUU hill orange grove, with good house
and barn; decided water; acres in lO-year-old
oranges, very fine; acre in 10-year-old wal
nuts; 2 acres in deciduous fruits; acres in
alfalfa. Look this upl
Monday morning a gentleman who in
troduced himself as Charles Stafford,
formerly of Oakland, GAL, entered the
Office of the above firm. Pointing to
the advertisement he asked if they still
had that property for sale. Mr. Ken
needy replied in the affirmative, and add
ed that the property would be shown
to him that afternoon. "No," said Mr..
Stafford. 'if you want to do business
with me you will have to do it at once"
A team was procured and Mr.. Stat
ford was driven to the ranch, which is
at Glendale. adjoining Captain Thom's
property. Mr.. Stafford spent about Is
minutes looking at the place and re-
turned to the real estate Office, where
he at once bought the place, paying $500
in addition for the fruit on the trees.
A we'll known firm stated yesterday
that their sales on Monday had aggre-
gated from SIS, 900 to $4,000. The prop
erty sold consisted of number OF resi-
dences, lots and outside ranches. Sits
these 10.acre ranches that catch the
eastener's eye," they continued. "Land
in oranges is the most sought after. The
strong point in favor of this country,
and the one from which the greatest
good will accrue, is in the fact that these
investors are people who wish homes
and at once settle upon the lands and
begin improving them"
Another dealer remarked that for
merly he WAS compelled to erect houses
and sell them on installmsnts to get rid
of the lots, but since the real estate
market had improved so much lately he
was going TO build no more houses, as
the lots would sell upon their own
merits.
A rumor was in circulation on Tues
day that Mr.. T. D. Stimson had pur-
chased the property known as the Wool
lacott block on Spring street, but at z
O'Clock Mr.. Woollacott's employees de-
MED that any sale had taken place.
The price put on the property on Mon
day was 100000. Negotiations were
pending yesterday looking to the
purchase of the Neal property adjoining
the Woollscott block by Mr.. Stimson.
The price is said to be $4,000.