The herald., 1894-10-22
LOS ANGELES REAL ESTATE
The Steady Growth of the City
OF Homes.
Small Proportion of Spec nlatiy,
Buying.
Tho Old Average of Five Houses P.s
Day Considerably surpassed-Im-
provement In Construction
and characterization.

Instruments conveying title To ,esi
estate, fled for record during the psse
week, indicate continuance of tbs
steadiness which has prevailed for som.
months past, both as to terms of cop-
tracts and character of real estate in
volved. There is very marked absence
OF the agreement to convey so fashiona.
BILE in time agone, and agreements OF
this nature, without exception, coyered
small tracts or single lots purchased
with view to immediate improvement.
The Los Angeles real estate markets for
the past week may be described az in
cluding only tradea for immediate use
to adopt the language OF the wheat mar
ket-with nothing buying for speculative
perposes.
The deeds filed, too, represent clear
purchases for cash, the number of mort
cages given to grantors for part purchase
price being noticeably small. As mipht
be expected under the circumstancas
the sales are for the greater part for
small amounts, very large maioritg of
the lots bought being intended for inns
mediate occupancy as homes.
Still more significant of the home
building tendency of Los AnQeies real
estate buyers 10 the number and char,
acter of the building permits issued.
During the week permits were issued hv
the city superintendent OF bnildinQ. for
the construction of So buildings. and Of
these all are for the erection of dwell
lings with the exception of seven. Los
Angeles people have been a little in.
clined to boastiulness for the year part
by reason of the rapid growth of the
city indicated by the erection of five
buildings per day. The past week
shows daily average of exactly seven
dwelling houses; or including the stores
under contract and two lonely barns a
daily average OF nine.
The character of the buildings under
contract. as indicated by the prices paid.
shows very large proportion OF houses
built by mechanics or tradesmen who
have gained O foothold in the COM
munity and desire to find some of the
comforts of homo in addition to more
or less profitable occupation. The most
expensive building for which a permit
WAS issued shows contract price OF
$4,000. There are two or three more
ranging from $4,000 to $4,000, but the sv-
erage price ia not far from $500, for
which sum, with lumber, labor and
hardware at the present prices, modest
but very comfortable home for family
OF six to ten members may be erected.
Not the least satisfactory feature of the
building activity prevailing is the fact
that an era of good taste and modest or
namentation OF cheap houses seems to
have struck the town, which influence,
added to ordinances requiring substan-
tial construction, is providing the city
with better class of houses than has
heretofore been the rule.
Aa has been the case for many years
paat, the influx of eastern visitors in the
carly winter causes very apprec;abe
increase in building, and tina busy season
of the year is now about to begin. Tha
newly converted "tenderfoot" is sure to
be enthusiastic and quito likely to have
money, and as a result the best of the
buildings intended for dwellings have
heretofore been those constructed in the
winter months.
Old residents and tourists are now
combining to mako Los Angeles great
city, with larger proportion Of its in
than ia the case with any other city in
the world.
The presence OF this population OF it.
self makee necessary certain amount
of manufacturing for home consumption
and makes possible business develop
mont in various lines.
II also carries with it as a matter of
course, ii we are to see the hoped.for
symmstrical development OF city and
country. the settling up OF agricultural
lands and ths improvement of present
methods Of farming, which last must
form tho subjsct of another story.
Every mother should know that Group
can be prevented. The first symptom of
true Group is hosrseness. This Is fol-
louad hv MACMILLAN rouoh cnuuh II