The herald., 1895-02-03
REAL ESTATE on THE MOVE,
Lively Demand for Inside
Property.
A Main Street Lot Sold at $1,000
Per Foot.
Several Big Deals Incubating on Broad
way-Continued Activity in
Building Circles.
Los ANGELES, Feb. 2.

Los ANGELES. Feb 2.
During the pas. week considerable activity
was displayed in city real estate, both as to bust
ness and residence property. There were also
goodly number OF sales in the larger suburban
towns but ranch property has yet shown few
signs Of movement Doubtless as the season
progresses the demand for county property will
improve. The favorable outlook for crops is
bound to affect ranch values favo.ably.
The real estate transfers that went on record
during the week fsll little short of $780, 600
in the amount of considerations. TIE only
large transaction that was recorded was the
sale OF the sy nagogue property on South Broad
way by ]. w. Harman to A. J. Copp for $63.
900. This deal was cl osei several weeks ago.
while Mr.. Harmon was in the east, as
nounced at the time. so the recording of the
deed was delayed until his return a few days
ago,
Most OF the deals made during the week have
not yet gone on record. as there is generally
some delay in the signing of the papers. The
amount of considerations as showl on the
records is no criterion as to the real value of
the property transferred, as a mere nominal
sum is named in SO many deeds. Persons who
attempt to gauge the volume of real estate
business by the given amount OF considerations
are apt to be misled. The figures often repre-
sent only small fraction of the actual values.
MAIN STREET BOOM.
A. o. Vickery & Co. negotiated one of the
most important sales of the weeA-the Lacy
property on Main street. between the Crystal
palace and the Grand opera house, for $65, 900,
This is $1,000 per front foot, including the
building, the lot being 65x165 feet The
building is a story brick containing three
stores and 20 or 80 lpstairs rooms 1t is good
rental property. The prics is the best paid for
Main street property tor some time. 1t is
understood part of the consideration was other
real estate, which probably accounts for the
high figures.
Main street property, generally is looking up
owing 10 the good class of buildings erected in
the last year or two, and contemplated i'm
provements. The paving of Main from Ninth
to Washington, as proposed by Councilman
Kingery, and prospective Improvements in the
street Car service Will AVE stimulating effect
on Main street property from the Plaza south.
OTHER RECENT SALES.
Vickery e. Co. also report the sale OF $50
acres of ranch land in San Bernardino county.
with water, rs acres improved, for $35, 900 or
500 per acre. The land is considered cheap at
the price.
Besides the two important sales already men
TONED, Vickery & Co. also sold 10 Clarence
Even, retired capitalist of New York City,
the handsome residence of Mrs shaw in the
Harper tract, on Orchard street, for $4,000.
Mr.. Even bought the property for a home.
Messrs. Clarke & Bryan report ssles amount
ing to about sou. 600 for the week, including
four good business properties
Grider & Dow sold during the week a number
OF lots in their Central avenue tract, and the
demand continues Three were sold Saturday
afternoon and q San Francisco lady who re-
Gently bought $4,000 lot on East Adams
street sent request that four of the best lots in
the Central avenue lIact be reserved for her
W Il. Garland d Co., have just sold for Mrs.
A. Huber to Milo i'd. Potter, the lot 120x160
feet on the northeast corner of Ninth and
Grand avenue for about $40 900. Also 1853
teet on seventh Street consisting OF corner ct
Wilmer stree. and adjacent proper y, to Robert
Crawford smith, Capitalist for $4,000 The
property sold was owned by Nicholas Borchers
and j. NJ. Elliott
Daniel Desmond has sold go feet on Hill
street. between Seventh and Eighth streets,
with two small cottage, to William Jollitfe for
$1,000.
e. B. Cnshman during the past week has SO d
several fve-scre tracts for olive and lemon
planting at Alamitos to actual residents. A
large acreage of straw berries is being planted
at Alamitos this season. One nursery yman has
sod 5000 olive trees. Nurserymen report
large numb 4rs of lemon trees SOLD for planting
at this place.
BROADWAY PROPERTY.
The reported sale of the Dr. Edgar lot on the
west side of Broadway near Third. 60 feet front
at 81 900 per foot, did not materlalize. 1t is
stated DR.. 'gsr was offered $50, 900 for the lot
and 1000 for the residence npon IT, but tn at
he helu out for Us 900 for the house.
1t is also reported that bid of 1000 was
made and refused for the Baptist church prop
erty at the corner of Sixth and Broadway. An
other deal which is under way and may bs
consummated within a few days, is for a 60
foot lot on Broadway, between Fifth and Sixth.
The price offered for the property, 1t is said. is
$45, 900.
The Levy property, so feet front, on Broad. |
way, between Fifth and sixth. has been sold at
S4l6 674 p foot, and J. B. Owens has sold
20 feet Ia the same block at $500 per foot.
The Pirlle Real Estate and Trust COMPANY
sold the southwest corner OF Eighteenth and |
Flower stree to ). f. Lucas, the Spring sire ct
jeweler, for $4,000 cash. Mr. Lucas will at
once com mence the construction of hand |
some residence on the lot
The firm OF Hemston g. Davidson have closed |
a sale of 80 feet on south Hill street between |
Sixth and Seventh, to Milo NJ. Potter of the |
stminister hotel, at 1900. Mr.. Potter will
Immediately buld fine fats on he property.
Ed. Fraser sold the W. W. piddinEton ranch |
near Florence, for $1,000, to J. X. Green OF |
Hanford, countyse4t OF Kings county, Cal. Mr.
Green will make this mis- residence.
A remarkably live y demand for the Sunny |
Slope acreage property is reported by Esston,
Eldridge & 90. 1t is sold in >, 10 and 2O-acre |
tracts, to suit. On Wednesday 40 acres of it
were sold in l0-acre pieces.
Wood & Church also report sales OF Sunny
Slope property.
HOTEL SITES
A committee of the Northwest Improyem ent
association islookirg up the matter of building
hotel on the historical site OF Fort HILL near
Sand street, on North Broadway
1t Is practically settled that the famou, Main
street hotel site Will pass into the hands of o.
Johnson, of the Westminster hotel for the
small sum of S25 900. Mr. Johnson has never
been known to make bad investment He
usually improves property he buys and he will
no doubt IN time turn the old hotel site to good
account
BUILDING PERMITS.
Building permits continue to be granted at
the rae OF about FIVE per day. Following are
Continued on Seventh Page.