The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1896-03-19
IMPORTANT LAND SALE
Menlo Park to Be Sabdivided and Placed on
the Markel-Mr. Easton Iaika

Menlo Park to Be Sabdivided and Placed on
the Markee-Mr. Easton Talks
Messrs. Easton, Eldridge & Co., the
prominent San Francisco and Los Angeles
real estate firm. with offices at III South
Broadway, have just completed the negoti-
atoms of a sale which calls for more than
passing attention.
The property referred to is the 100 acres
of the Briswalter tract, fronting on Adams,
Washington and San Pedro streets and
street, 26OO feet OH Washington street, a
similar frontage on San Pedro, and 1900
feet on Central avenue. Certainly mag
niflcent piece of property. and one of the
few large tracts still unsubdivided within
the city limits. The street work is to be
done Immediately. and Within thirty days
100 of the lots will be put upon the market
at private sale, offering the choicest home
sites to be found anywhere in the city.
The property fronts on the magnificent
boulevards of Adams and Washington
streets. and with the cross streets curned,
graded and sidewalked, it will certainly
present one of the most attractive PROPOSE
tons for subdivision sale that has been Of
fered in this city within the past five years.
The syndicate who purchased the tract
are San Francisco people and have in.
structed Messrs. Easton, Eldridge d Co.,
naming the tract "Menlo park" to subdi-
vide portion of it at once. beginning with
The terms of sale, the firm state, will be
made their usual terms of one-quarter cash
and the balance during a series of three or
four years with per cent interest on de.
ferred payments.
The closing of these negotiations follow
ing SO closely the bountiful rains of the
past month, indicate the tone of the market
and certainly presents fair prediction
that we will have an interesting and active
market in realty matters within the next
six months.
Outside capital is always an advantage
GUS feature 10 introduce into growing
city like Los Angeles, and the more of it
the better, but it seems to us that if outside
capital can afford to take up and handle
these propositions and find profit in them
in doing SO, that many of our enterprises
and investments in the hands of outside
capitalists could have been taken advan-
tage of by our local capitalists with advan-
tage to themselves as we'll as to the city.
However, we welcome any capital from
whatever source it comes and congratulate
Messrs. Easton, Eldridge & Co. on having
completed negotiation of the magnitude
of this
Mr.. Easton, on being interviewed, con-
f1rmed the reported sale, and further stated
that negotiations for the sale of Chino were
progressing in satisfactory manner.
'.These negotiations in England" said Mr..
Easton, take a long time to complete, and
the warlike messages that have been pass
ing to and fro between the nations of the
world, have given the English money mar
ket decided quietness so far as foreign
investments are concerned. though money
was never cheaper than it is there today =,
and in ten years there has not been q
greater plethora of money than is there at
the present.
"A little more confidence, or rather lit
tie less feeling that trouble may break out
somewhere, involving one or more nations,
is all that is needed to set this money into
circulation and have it seek avenues for
lish capital is already attracted. and their
immense holdings now only serve as an at
TRACTION for the investment of farther cap
tai in this country"