The herald., 1895-03-23
REAL ESTATE AND BUILDING
Only a Moderate Amount of
Business Transacted
A REVIEW OF THE PAST WEEK
One of the Most Encouraging Features
of the Market
The Large Number of Small Transfers.
A REVIEW OF THE PAST WEEK
The Large Number of Small Transfers.
Another Fine Business Block
for Broadway

The real estate market during the past
week has been quiet and easy in the main,
and while the larger operators are doing
enough business to pay for keeping their
offices open and making a profit, the
smaller dealers find it very close picking.
The transfers keep up well as to mum bers,
but the general volume of transactions is
not large. The largest number of deeds
recorded on any one day was on Tuesday,
when sixty instruments were filed with
the recorder. the total considerations be-
ing $50. OH; the lowest was on Saturday,
when but fifty three were filed. the con-
sderations footing up $37, 553. The larg
est single deed filed was for 500 900, for
land in Los Angeles and Fresno counties.
in the settlement of the Campbell John
ston estate on Wednesday. The second
largest was for $4,000. filed on Tuesday,
the property being the Harris property on
North Broadway, opposite the court house,
the purchaser being b. +. Coulter, who
will erect fine church on the lot.
One OF the most encouraging features of
the market is the large number OF small
transfers, the purchasers in the great
majority of cases buying for home-build-
ing purposes. Most of the building per-
mits too, are for houses costing from $1,000
to S2O00, showing that people of moderate
means are investing with Il view SO tax
ing up their permanent residence here.
The Broadway boom continues and
there is an upward tendency in values
along the entire thoroughiare. Rapid
progress is being made on the new build
ing at corner OF Fourth, the handsome
FARO block, between Second and Third,
and they will pe ready for occupancy in
side of ninety days. b. r. Coulter will
erect a $40 600 church on the Harris prop
,,la CIR u-l,i ,.-ill hn.
quite an acquisition to that part OF the
city. The church building at the south
east corner of Second street has been
almost entirely removed, and the last
vestige OF that edifice will be out OF the
way by this evening. On Monday morn
ing excavation will commence on this
site for handsome threestory and base
ment plate glass and steel block, to cost
S25, 900. Messrs. Nolan and Smith have
leased this property for fifteen years, and
Will put up the building. $. O. Wood is
the architect, and he SAYS that there is
nothing like this block west OF Chicago.
There will be three stores on Broadway
and one on Second street, with forty
handsome office rooms on the upper floors
and spacious entrances on both streets.
There is talk Oi other business blocks on
Broadway, but SO far no definite plans
have been matured.
While the general trend OF improve
people OF the southeast corner Of the city
are coming to the front and at last show
disposition to contest for the supremacy.
The development of the Wolfsliill tract
has been almost phenomenal. and many
handsome residences are in course OF con
struction. The development in the vi
cinity OF the electric power house and
along Central avenue shows no sign of
abatement, and there is a steady increase
IN values all along the line. AS a matter
OF fact there is no good reason why the
southeast section of the city should be so
far behind. The soil is fine and the ele-
vation is higher than the southwest cor
ner, but owing to the inadequate street
car service and the lack of enterprise on
the part OF holders of large tracts of land,
il fell behind in the race and much valu-
able time has been lost. The people now,
however, show a disposition to retrieve
themselves and it is only Il question OF
time when the southeast comes to the
front.
In the northwest section of the city
building operations are retarded by the
oil Development The demand for oil
land, however continues good, and lots
in the oil district are eagerly sought after
There is some speculation as to posi-
be extensions of the new electric rail
road. OF course everybody knows the
route for which the franchise has been
granted, and there has been an advance in
prices all along this line. 1t is true that
not a foot of this line has yet been built,
but people in a position to know declare
that the terms of the franchise will be
complied with, and that in addition there
will be extensions in various quarters. In
consequence some real estate operators
have taken a flyer" in speculative way
by taking options on property on streets
where they think the road may go, and in
some instances on acreage property, on
the pbanpn tb nt thp road poa nrnpap1 IN
Santa Monica. One sale of eighteen lots
was made outright on this basis, but it
was an exception.
Among the notable sales of the week
were two reported by Nolan & Smith. Mr.
Story, of Coronado Beach fame, bought
through this firm T. E. Walkers fine place
of ten acres at Altadena paying $50, 600,
or $4,000 an acre. Isaac Bryson also bought
forty acres just beyond the city limits on
Compton avenue, for which he paid $12,-
600.
In addition to the building permits
published by The Herald from day to day
the Builder aud Contractor publishes the
following list of uncontrolled work:
L. n. Van Nuys is about to commence
the erection of a large apartment build
ing on the northwest corner of Main and
Fourth street; the plans are now COM
pleted. and bids will be called for this
week; the architects are Brown & Fisher
W
and stone; cost over 500, 900. We will
give a fuller description of this job in our
next issue.
Architects Bradbeer & Fceris have pre-
pared plans for Mr.. Deacon for four nine
room dwellings, to be built at Hope and
Eighth streets; MI. Deacon is of San
Francisco, and the job will proceed at
once; the buildings will be frame and
contain all modern Improvements, and
cost 81, 400.
The same architects have also drawn
plans for a two-story eight-room dwelling
to be built on Flower street, near Fif-
teenth, and to cost 81, 400.
Architects Anderson d Clark have pre-
pared plans for Mr.. Lane for a two story
seven-room residence, to be built in the
Waverly tlact; cost $500.
Architect George IL Wyman, Bradbury
block, has prepared plans for the Los An
geles Traction Company for one-story
brick, 150Xl50, electric power house, with
iron trusses and other iron work, and to
contain car sheds, boiler room and offices,
cost not estimated.
Architect r. p. Carni Gle has prepared
plans for Dan Moriarty, eX-chief of the
fire department, for a two-story brick
building, 10 be used as saloon; cost
$4,000.
Architect Joseph Waggoner, First and
Broadway, has prepared two more plans
for Mr.. Stearnes for one-story frame cot
tages, to be built in the Grosser tract;