The herald., 1894-04-01
REAL ESTATE ADVANCING,
Erateful News to the Faint
Hearted.
What Leading Real Estate Men Say
of Our Future.
forth, south, East Side and Southwest
All Report Increased vaiues and
Brightest Prospects for
the Future.


ute while, aud it has been somewhat
ia stand-of as to which would prove
be winner in the free-ior-all contest.
In the whole the present and pros
ective advantage seems to be with the
ulls. The market prices for all kinds
I realty are certainly improving. and
lnless the croskers and pessimists and
thers Of the damphool element in this
mmmunity can howl louder and to bet
" purpose than heretofore, q resuDp-
ion of our former prosperity will result.
In all the panic OF 1898, caused by the
allure OF scores OF banks and industrial
Institutions all over the United States,
here did not result per cent of depre-
iation in the value OF real estate in Los
ANGELES nor OF the adjacent country
which is tributary TO and which &C
Enowledges this city as its distributing
,enter There is not another section
Iver which the stars and stripes float
which can parallel that record. The
,learing house stood alone and unique
or weeks at time as the only one in
he country which showed an increase
II business or held its own during the
darkest days OF the financial distress.
Never in the history of this city, nor,
IN fact, of any section OF California in
ts palmiest or boomiest days, has such
4 spectacle OF solidity of growth and
permanency of value been shown. And
The best OF it all is that all this phe-
n0menal prosperity has come to stay.
The staying qualities OF local property
owners have rarely been equalled, never
sxcelled. And they are on the eve Of
feaping their reward in good solid coin.
The worst thing which could happen
this southern country just now would
be a eo-called "boom." Hardly another
town on tho Pacific coast can claim,
legitimateiy, the same distinction.
The beat indication of solid growth
and security OF increase in values lies in
the quality and number OF buildings be-
ing erected here. Any one who ha"
lived in Los Angeles aae year anu mas
had ordinary facilities for observation
must declare that, proportionateiy, ne
never witnessed euch unprecedented al
vancem snt all slong the line. And almost
every building put up in the past Twelve
months has been of1a superior character
10 those preceding 1t. The very value
of the land itself insures the building oil
structures which will be proportionA'ely
EpiUsble ornamental and desirable 10
Opinions regarding the relative valuss
OF land in different parts of our city do
and must necessarily vary. But there
is no disagreement as to the general
question of the gradual and permanent
growth and stability of Los Angeles.
Below are given the views OF some prom
inent real estate dealers, and they ap-
pertain mostly to particular localities.
BOYLE HEIGHTS.
f. R. Threlkeld said:
Real estate on Boyle Heights, every
thing considered, is held at about half
the prices prevailing in the southwest
portion of the city, for property as ia
yorably located. Choice residence lots
on the heights are held at from $500 to
$1,000. The drainage for sewage there is
very good, the view of the mountains
and valleys very fine, the air soft and
balmy, whilst many localities are less
favorably located; and it should be un-
derstood that the elevated places in this
country are more desirable for resi-.
dences. Good building lots are selling
slowly, and each addition to the popula.
tion Of Boyle and Brooklyn Heights
adds another advocate for their beauties
and their fitness for desirable dwelling
places and permanent houses.
Why is it that residence properties
are so much lower on Boyle Heights
than in many other less favorable To-
calties?
There are several causes for this con-
dition OF affairs. One is, the cable car
company have not given US comfortable
street cars. The service is all that could
be desired so far "a the running of the
IN In Ofk
always cold at night, open cars are verv
Objectionable. II the company would
furnish this line with good closed cars il
would increase travel on their road. and
also add largely to the building up of
the heights. Our water system ia all
right, and we are being supplied with
gas now, and coming rapidly to the
front ae residence part of Los Angeles
Yes, there WAS q time when holders
of vacant lots on the heights put an en-
barge upon progress in that region by
holding prices too high, but now think
they are disposed to meet the require
ments OF the public.
SOUTHWEST PART OF CITY,
Wesley Clark, of the firm of Clark &
Bran, said in part: Gas to our opin-
ion on property in the southwest part OF
our city, we would have to be far more
gifted than we are to say half what we
feel for that section of Los Angeles.
Everything is moving on nicely. and
values are increasing gradually all the
time on good property. In 1900 we will
have population of not less than I50.-
600 to l75,000 when all our choice prop
erty will be 100 to l50 per cent over the
present market. We are now seeing the
benefits of sewer on values. We will
sign In blank, and the HERALD can fill |
in TO suit itself. Too much cannot be
said Of our city,"
SOUTH LOS ANGELES.
In an interview with Grider & Dow.
who for more than year have been
pushing the section south OF Third
street and east OF Main, they report
that, as everyone knows, ANYTHING east
OF Main street was reported with a turn
OF tie nose and curl of the lip up to a
very short time ago. January is. 1895.
they offered and sold the Kincaid tract
in one day. Nearly every one of the 45
lots sold thst day is now improved, and
the unimproved lots have been selling
ior 100 per cent advance. After the
sale OF the Kincaid tract, they decided
to change the base of their operations.
and 80 over into the despised country
east OK Main street. They first offered