Los Angeles herald., 1905-08-27
BIG MONEY MADE
IN CHOICE LOTS
GRAY GABLES NETS FORTUNE
FOR OWNERS
ACTIVITY, IN PRIZE CORNERS
Improvements Planned for West Sew
enth Street-Transfers of Im-
portance In Other cIose-in
Business Districts
ACTIVITY IN PRIZE CORNERS

lnent corners, notably on seventh ana
Hill streets, indicates that investors
are wide-awake and that several big
business blocks will be erected in that
section within few months.
Idle capital is abundant and those
who keep in touch with the trend of
business expansion are quick to make
purchases, feeling no doubt that values
are about right.
Big Profit In Gray Gables
One of the large transactions of the
week was the sale OF the lot on the
southeast corner of Seventh and Hill
streets, 70 feet on Seventh street and
and Meyer Lissner to V. ]. Vickers
and Benz. Williams, millionaire cattle
owners of Los Angeles and Arizona
The reported consideration is $150,000.
The lot is improved with a three-story
frame hotel known as Gray Gables.
Lowman and Lissner purchased the
above property about thirty days ago
for $130,000, an amount which at that
time seemed to many to be excessive.
The recent sale of the northeast cor
ner of the same streets for $156000
lot S5xSS feet, and that of the south
west corner for $135000, lot 50133h feet,
with the assurance of a very hand
some office and store building to be
erected on the latter, are
testimonials of the confidence local in
vestors have in West Seventh street.
The sale of the northwest corner of
Seventh and Flower streets for $51,00O
lot 6211x115 feet, with nominal improve
ments. reported a few days ago, shows
the trend of values west of the post
office on Seventh street
Rapid Increase In Value
A long pending deal was closed last |
week and deeds went on record by
which Abraham l. Cohen sells to r. E.
Garcia, through Black Bros, the south
west corner of Hill and Sixteenth
streets, fronting 1O4 feet on Hill and
120 feet on Sixteenth street. including
a church building occupied by the
Third Presbyterian society. Considera-
ton $3.50 foot for the Hill street 'front.'
age, or $4,000. The property formerly
belonged to the Third Presbyterian
church, that sold it to the present !
for a consideration of $4,000
about six weeks ago. The church will
continue to occupy the premises pend |
Ing the erection of a new edif1ce for
their own use elsewhere.
In the Residence District
Daniel Samples to w. w. Douglas
through Carl Pauly, an eleven-room
at 310S South Figueroa street;
$4,000.
The Harrison Home Co. to B. o.
through Carl Pauly and w. l.
& Co., a lot 40x165 on
The west side of Olive street, between
with a fourteen-room double house;
$4,000.
Jacob Birnham to Cora e. Freeze,
same agencies, the southeast
corner of Hill and Carr streets, hav-
ing frontage of 12O feet on Hill by
1eptn OF l40 IeeJi consideration, Szo,0UU.
On Sixth and Maple
william M. Garland and others to I.
Y. Van Nuys, two lots in a plot of
ground on the northwest corner OF
Sixth street and Maple avenue no ini-
with frontage of 222 feet
IN Sixth street, A feet deep on the
aek
Price $65.OOO.
Abbot Kinney Sale
Abbot Kinney to A. Kingsley Ma
,omber, lot $50 by 165 feet deep on
he southwest corner of Hope and
Eighth streets. improved with three
tory frame hotel building containing
bout 100 rooms, and knows as the Alb
,otsford inn. The price said to have
'een paid for the property was $65OOO
On Hill Stret
DR.. H. Nadeau has paid Louis Melzcr
$4,000 through Mines & Parish and
Wright & Calender for lot 55x155
eet on the east side of Hill street,
letween Third and Fourth streets, i'm
'roved with two-story pressed brick
lock and basement. The property is
0 be used for business and Office pur-
,oses.
stapIeton Block Sold
/. A. Lowman and Meyer Lissner OF
ian Francisco has paid H. j. Woolla-
oft $4,000 for the property on the
outhwest corner of Grand avenue and
yinth street. knows as The Stapleton,
two-story brick with six storerooms
n the first floor and office rooms
boWR The lot has frontage of 100
eet on Grand avenue, 15s feet on
sinth. w. b. Merwin closed the deal
Activity In Wlllowbrook
Harbert & Butterworth report the [
ale of several pieces of property in
tract the past week. !
Imons the purchasers were A. B. Per-