The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1895-04-27
The Week Among Real Estate
Men and Builders
STEADY YET RAPID GROWTH
Great inducements Just Now for
Building
A Careful Review Of the Local Real Estate
Movements Uncontractcd Work
and Building Permits

ideally I'VE udys, loI WuIlS pdtuIudy,
April 9th was not declared to be holt
day, officially. yet the fact remains that as
a working day among real estate men,
and kindeed almost every other class. it
was but small factor in the volume of
business done. On that day everybody
was imbued with the spirit OF revelry that
was inseparable from the expiring FL
esta. Taking these Things into consider
alton the week in real estate and building
circles has been up to the high average
that is making the growth Of Los An
geles this year of grace, 1895.
The number of deeds filed with the
county recorder during the past six week
DAYS has been 273, less than third of
which NAV be classed as nominal as to the
amount involved. During the same
time thirty eight building permits have
been issued. Tue latter includes not
only permits for the erection of new
buildings, but also alterations, additions
the list of permits that have been issued
and which, except for those merely NOM
inal, will be found below, shows that the
building of dwelings-homes and places
OF understandings undisturbed by
any influence. BY far the greater num-
been issued are for that portion of the
city lying east of Main street.
A drive or a street car ride to any por-
ton of Los Angeles will show building TO
be general and that the Improvements are
not confined to any one portion eXciu-
svely. Broadway presents peculiarly
interesting spectacle to anyone having a
pride in the city, for it is on this
thoroughfare that can best be seen the
preliminary activity that means IN the
near future group of as hands ONE bust
ness blocks as any city can show.
mi 60 hill
ing. Never before could owners erect
blocks. cottages. or anything between
the two, so Jnexpensively us at the pres
ent time. To the low prices of materials
and which, of course, are general the
country over, must be added the fact
that contractors are accepting work at
little or no profit. While that is dis
couraging to the hardworking contractor
it does not concern the owner of a lot who
wishes to improve his property.
This condition of affairs may be held
by some as explanatory of the building
rage now on. and they may argue from
this that the present gratifying growth is
but temporary. The argument is not
good. Low price in construction un-
doubtedly is a stimulant to Luilding bu
in the case before us one must admit that
the stimulus is counteracted by the strin.
gency of the times.
That business and money are here fairly
here we know. yet it were foolish to
claim that out of the entire depressed
United States there was one spot floating
in the empyrean blue of finances and
that the one spot SO beneticently situated
was Los Angeles. This city is enjoying
a healthy steady. yet rapid growth be-
cause the country that is tributary to her
is growing. Cities do not grow by acct
dent. neither can they by any art be
forced into existence and given strength.
The outlook for the auction sale at the
Wollacott tract. adjacent to the Terminal
depot, on First street, is excellent.
Messrs. Easton & Eldridge, who will con-
duct the sale, report a brisk inquiry dur
ing the past week and as the property
now is in fine condition with graded
streets, curbed sidewalks and other i'm
prove nents. it will be in demand for
both residence and business purposes.
The fact that the sale will be without
reserve is guarantee that good barg aims
may be secured by Ties hrewd spectators
investors and homeseekers. All comforts
have been provided foi those who attend
Among the larger Improvements assur-
ed and for which no permits have as yet
been issued are a tive-story brick
block on the northwest corner of Main
and Fourth streets to contain upon the
ground floor twelve stores. The Slauson
building opposite the Broadway hotel is
another big improvement. Still another
is structure to cost 500, 900 which the
Morgan Oyster company will erect on
Samuel Myers old property on Main
street just south of the Turnverein hall.
Howard d. Train are drawing plans for
double residence on South Main street to
cost about $4,000. +. Phillips is building
residence on Burlington avenue between
Ninth and Tenth streets, which Will be
of two stories, containing nine rooms and
which when completed will cost $4,000. G.
A. Howard is building a two-story resi-
dennce of eight rooms on the corner of
Sixteenth and Santa Fe streets which will |
cost $500.
NJ. A. Gray is building residence on
eighth street. 1t will be of ten rooms.
thoroughly modern and complete. The |
exterior will be of cement. 1t will have |
a Spanish tile roof and the whole will |
present an unique and pleasing appear |
ance. The cost will be about $500.
terrain church will remodel their place of |
worship, located at Hill and Sixteenth |
streets. at a cost of $4,000.
The congregation of the First Presbyte-
rian church, late of tho corner of Second |
street and Broadway, have not lately |
been dwelling together in unity" The
result is that about half have withdrawn
from the organization and will tly and !
build for themselves, though no permit is
yet issued.
Austin d kronnick are preparing plans |
for flats that } .ruthiIl will erect on FIRST,
near Fremont street. The cost will be
$4,000. The same firm have begun build
ing for j. W. Scott, formerly proprietor
of the Santa Monica hotel at Santa Mon
lea. model California house with wide
projections and generous porches, on
Pasadena avenue.
By the sale of the old police station site
I. w. Hellman has come into possession
of the entire northeast corner of Broad
way and Second. having a frontage on
the former of 120 feet and on the latter
223 feet. He announces his intention to
erect upon the ground building riyaling
in the vicinity. The plans are
now being drawn.
g. W. Tubbs Is erecting handsome
at Washington and Peru streets.
costing $1,000. The house will contain
hine rooms and all the latest conveniences
A broad sweep roof and dormer window
will be the features. A lot of uncontacted
work is being prepared by the architects,
among which is the following taken from
The Builder and Contarctro:
Architects Morgan d Walls are prepar-
ing plans for dwelling for l.. Binford to
be built in East Los Angeles; cost. $500.
Also for a two-story dwelling for Mr..
Shriver, to be built on Soto street, it
will have all modern improvements; cost.
S2500. Also for a two-story dwelling for
MIR. Paye. to be built OH Stevenson ave-
nue.. to have all modern Improvements,
aud cost 1880. The same architects are