The herald., 1897-12-02
OFFICE OF THE HERALD,
Los Angeles, Dec. /, 1887.

Los Angeles, Dec. l, 1881.
The record of real estate transactions
for the month just closed shows an i'm
proving condition of things, The foot
Ing Of transfers amounts to $1,337, 800, as
against $749.0 in october and 1891 ,23s
for November of last year. This is the
FIRST time that the one million mark has
been passed since last April, and that
month was the only month in the year
showing such figures.
The mortgages for November amount
to &609,650, as against $590,93 for last
month and $685., ,66S for November of last
year. But the releases, as will be seen
by the subjoined tables, have kept pace
with the new membranes in very
handsome proportion.
The difficulty Of finding good loans Is
constantly complained Of, and the
amount Of idle money on hand in pro-
portion to the channels for Its lucrative
employment is very large. The inevita-
BILE tendency is therefore toward low
ering Of the rates of interest. 1t is this
surplus Of money that is finding par
tial outlet In the large amount Of build
ing that has been steadily going on dur
ing the year in a manner that creates
considerable surprise amongthe new ar
rivals who have not been prepared for
such evidences of apparent prosperity.
= = =
The property lying on Main street and
adjoining the Van Nuys hotel on the
north has been transferred from the
Downey estate to Stephen M. White and
Charles Monroe for the sum of 800 900,
the purchasers giving a mortgage back
for $4,000. The property presents a
frontage on Main street of 171.27 feet by
a depth of 170.23 feet. Upon this lot
stands one Of the first. If not the very
first, brick house erected In Los Angeles
1t Is two-story building and was
erected by the late Governor Downey
and occupied for many years as his
residence. In it's time 1t was considered
= handsome building, and was one of the
show places of the town. AS landmark
1t Will soon be thing of the past, and
the appearance of Main street, between
Third and Fourth. will be greatly i'm
proved by the erection of another slightly
business block. Messrs, Hellman &
Sartori negotiated the above sale, which
Will be Of advantage to their own hand
some property on the corner of Third and
Main.
Clarke & Bryan are more than salts
fled with the sales already made in their
new Lone Star tract which has Just been
put on the market.
Ben White reports good results from
his advertisements in The Herald and
says. that during the past seven days he
has made half dozen sales of city lots
ranging from $3.50 to $1,000 each. He has
now on hand u stock ranch deal of about
1000 acres near Tehachapi.
H. G. Bryan has sold fifty feet on
south Broadway to H. w. Hellman for
about $4,000. The lot Is on the east side
or broadway between Eighth and Ninth
and was the property of A. D. Howard.
Lucius Forsythe. jr, yesterday sold
lot 169 of Grider & Dow's Adams Street
tract to John B. Franklin for the sum
OF $4,000. This property is well i'm
proved.
Kelsey & Foster have just closed the
sale of lot II of the Severance tract on
Severance street. between Adams and
Twenty-eighth streets to Charlotte Z.
Hahn for the sum of $4,000.
+ + +
The following tables Of transfers,
mortgages and releases for the eleven
months of the current year, compared
with the corresponding months Of 1896
and 1895. are compiled specially for The
Herald and will be useful for preserva-
tion and reference:
TRANSFERE-LOS ANGELES COUNTY
1897 1906 1909.