Los Angeles herald., 1905-04-16
COMING SECTIONS
ARE F0RECASTED
NEW ACTIVE DISTRICT FOR
INVESTMENT SHOWN
VALUES IN STEP WITH GROWTH
Expansion Is Heslthful and No False
Premise Exists, as Local Cap
ltsl Is Seeking the Best Z
Frontages

When pointed out to you hustlers
and investors last october what Hunt
ington was doing on Los Angeles street
from sixth to Seventh streets and later
stated that big things were planned
for Fifth street plenty Of you took the
tip. All of the news was fact and
not man got left who sailed in.
admit 1 took a little shot at First
street. And have you seen the result?
But the procession is still on and the
step to the progressive tune is now
greater than ever.
I am told that lots Of people have
got their ears to the ground and they
are listening for the tramp, tramp,
tramp Of the investing procession. In
order not to let their ears become filed
I'D 1 will tell you that the march is
over toward what some day will be the
legitimate center of Los Angeles, when
you take topography, transportation
and values into consideration. L know
many noses will go up, just like when
/ wrote about Ninth street, but just
remember L have no ak to grind and
/ learn facts not theories. Trundle
carts, nurses and the like are all good
in their way, but success comes in not
looking through colored or one-eyed
glasses, like the mayor of Pico Heights
did in his day
Central park as breathing spot Is
q point you cannot drift from. That
spot will be the double head for MAX
ing values, north and south. Every
thing will trend from that center.
When you go to the Seventh street
postoffice now don't you usually go
through Central park? It's just as
near. Where the travel goes business
follows. One record keeper tells me
that 1000 people day seek the post
Office. OF this number 5000 pass Gen.
trail park and cross Hill and Olive.
The greatest activity for the next
few years in real estate will be within
a. circle of 1000 feet that will have for
it's center Eighth and Broadway. This
will throw the circumference to Grand
avenue on the west, Los Angeles or
the east, Sixth street north and beyond
Tenth in the south. Take your map
and see where the anchors are being
III "A
for the district. Who six years ago
thought the Lankershim hotel would
adorn Seventh and Broadway? Who
supposed that big retail furniture
houses, the biggest in Los Angeles,
would be forced to leave the Second
street localities and go south of Fifth
and Sixth streets? Did you? If you
did you were asleep, because if you
had known it six years ago $4,000
would have made you rich.
On Spring street, between Seventh
and Eighth, values are $500 a front
foot and hardly any for sale. On
Broadway $500 a front foot, and on
Olive 5000 a front foot What is the
outcome? And on Hill $125O. Are those
values high? Not if you consider that
little is for sale. The trend of i'm
provements, the trend of advancement
and the trend of opinion frequently
dictate, and this trinity is in evidence
all down the line. I might 60 on and
tell you that you can't buy property
between Fifth and Sixth on the streets
1 named except at a premium. Just
try 1t. / have. And my shoes gave
out.
I admit it takes big money to handle
stuff in the circle l drew for you, but
don't it take bigger purses to get in
elsewhere, and don't you know that
the best frontages are being taken by
strong hands? Who are the purchasers? ?
Spectators? Not as rule This
blooming town is growing so fast that
1t engenders confidence. A dead town
don't, and just because we are alive
is the reason why capital is kept in
the family sack.
Don't knock. Just boost. Don't
kick. Just work 1t takes work to
build a town, and if any town down
in the heart of the desert land, touch
ing the valley and plain, has been
created by good old-fashioned work
it is this same dear old Los Angeles,
that never was so fair and so beau
tiful as on this sunshiny Sabbath
And this reminds me that it is a long
time since some people have talked
boom days" A few fellows there are
who are ever scared. Don't mind them,
but you can knock them If you want
exercise. About booms there is only
one thing TO say, and that is that they
exist where values are false and moth
ing but air and ideas are sold. In Los
Angeles now there is no boom" In
the accepted meaning of the word, be-
cause we are growing and growing
until we have now 175,OOO people to feed