Los Angeles herald., 1905-08-20
For SALE
Business Property

FOR sALE-S3sO, ,OoO-s55Oo PER FOOT,
LOT ON sPRING STREET, NEAR
4TE' Soxi5s TT; TO .,g,I 2Q-ET. II, PATER We .
BRALY. BUILDING; so FEET NORTH
OF THE 7-sTORY BUILDING BEING
ERECTED BY THE DELTA INVEST
MENT CoMPANY-IT WILL COST
MORE THAN $125,OoO.
How. much more. don't know; but Il
help the location; and vet a $4,000
a better investment than a less, costly
one. Why? Because Fourth and
Spring streets is to be the business
center of a city of a half million people
by 1912. and much greater thereafter; ;
and the man who builds wisely at 4th
and Spring will be the man who builds
literally, and FOR THE FUTURE, as
well as the present. Isn't that true?
better thing for themselves at Fourth
and Spring than If they had followed
the lead of others and built 4 or 5
of Memphis, not HALF as large as Los
Angeles, supports a 16 and 17-story
building. Why would not an is or 20
GEs9 Il s9e BEST THING IN Los ANGh-
And the man with the BEST
THING IN LOS ANGELES, and espec..
right here that I'd be glad to have $780,
600 worth of stock in a 100000 or $780,
600 building on this lot and hereby make
the proposition to take 1t II purchaser
will allow.
AS to price, 1 want to answer little
intimation I've had that my price is
higher than another piece brought, in
the same block. In the first place. the
fact that Isaac Bros. picked up snap
down there at such VERY Low FIG-
URB doesn't jar me little bit! They
know a snap when they see it. They
saw it and snapped it. They are posted.
They own other very valuable property
here on Hill and Broadway and other
streets n and they d get pusiX sie sDr9a wn@n a
these chronic kicking croakers try to
pull all other regular prices down by
the low price of a piece which an owner
sacrifices upon the altar of his pet hob
byl Abbot Kinney will never miss the
money that Isaacs will make on the lot;
in fact, he may make just as much upon
the amount he took for 1t and put IN
building a city down there of which we
will all be proud, and that will give
him as much pleasure as the, profit
would have given him: So much for the
the 'i'Tss "Tsaacs ns' Bros lot price, that's
different story! They ask-wait a min
ute; take hold of something SO .yoNud
PER FOOTil wouldn't that telescope
you? And listen: they'll get it, too.
This town is chock full of people who
street stree lot lot for Instance, and turned t
loose for a few measly thousands and
saw 1t go up, up. up! and realized that
it's a bad idea to turn bird loose un-
ing from experience. bought lot on
Spring a few years ago for $4,000; sold
1t for $4,000 in few months; purchaser
sold it, for about S27,6oo In month or
1t has changed hands, but | do know
that IL any of us had held 1t we could
cash it for $4,000 today; perhaps more.
/ know of another bought for $36, 900.
sold in less than so days for sac, 600
think of the NERVE, too, of the fellow
who could ask that advance in 60 days!
But he asked It, and got 1t; and the
munity; and also not less than S45, 600, or
double his money-in today's value of
his lot! So you see that 1t pays to have
faith in the future of Spring street, and
you also see that the dear public doesn't
sometimes always know whether $45. 900
or $330,000 for a certain lot is cheap or
not! What good does It do me TO recite
all this old history? None, my son. none!
/ only do it for fun-just to be read by
a few who think / ask $500 foot for
lot worth about $4,000 or $1,000. | don
think it hurts to let people know. that
you believe what you say. expect peo-
ple who can buy a Spring street lot to
have more sense than to pay more than
it is worth, or more than they can ouy
another of equal value, l want to add
right here that my lot has S6 feet more
depth and the advantage of an alley
over the lot held at S5000 This Is easily
YOU doubt 1t ask any large dealer or
prospective tenant If he would pay $1100
to $125O per month for any building with
an alley, that he would pay $1,000 for
without an alley.
But listen, you may be able to. find
some other lot for less money, and AS
WELL LOCATED. If 80 l congratulate
you, but If not. and you mean busi-
ness, come to see me.
BOAZ DUNCAN,
AS Wilcox building.