Los Angeles herald., 1905-01-15
REAL ESTATE IS
IN ACTIVE DEMAND
NEW HOLLYWOOD ADDITION
BEING PREPARED
Deals Reported in the sennl-6usiness
seetion-central Avenue and
Fourth Street Command
Attention


the belief is perfected that a heaIthful
period now prevails. Demand for all
classes of property has remained at the
point where investors are making close
inquiry, and this led to some favorable
deals being closed during the past
week. This demand is not confined to
any special locality when it comes to
selections for residence sites and for
homes for permanent investment.
The taking over of lots in SUBJ
divisions still is active and many of
these plottings have been closed out,
and the selling agents are preparing
for others that will soon come in the
market.
Among this class of property a new
subdivision in Hollywood is attracting
attention, comprising sixty-nine acres
in the heart of that popular residence
suburb, a few blocks remote from the
city. hall and one block north of the
exquisite home of that gifted painter,
Paul de Longpre. This is a slightly
place. and Is owned by George e. Hart
4. Co., who have graders at work re-
ducing the land into 275 lots, some OF
which will be sixty feet and some
seventy-five feet front, with depths
varying from 150 to 200 feet Ten
streets will be created number being
beautiful drives, or they will conform
tc the natural contour of the land. In
this manner park-like effects will be
obtained, and as the Pacific can be
seen and sweeping mountain views are
ever present, the projectors claim un-
usual results will follow this creation
for home sites. George e. Hart Sc Co.
will handle the property, also Otto
Weld & Co. and Roberts Realty COM
lany. The tract will be opened jan
uary. 28 - ,&-yt.& i7i
Another sale that shows the trend of
value is that reported by Charles NJ.
Stimson and Ulysses s.. House, who
have purchased from W. A. Pollzington,
through James Cook, of the, Adams
Street Building company, a lot on the
southeast corner of Central avenue
and Twenty-fifth street The lot fronts
205 feet ON Central avenue and $50 feet
or Twenty-fifth street. The consider
alton is reported as SIS, 900. The prop
ertyi is partly improved with a business
house and cottage. The cottage will
be placed on another lot and the cor
ner further improved for business
purposes.
A favorable residence purchase is
reported by Althouse Brothers. by
which w. W. Hadley has sold to A. E.
Britton, a. two-story ten-room frame
residence at 1125 West Thirteenth
street. The lot is 1OOx14O feet. for a
consideration of 1000. Mr.. Hadley
and family will occupy the property.
When it comes to semi-business prop
erty the sales include those reported by
M. 3. Merwin, the leading one being
for George Beisner, who has sold a
local investor 50x115 feet in the west
side of Crocker street, between Fifth
and Sixth streets, for $780, The prop
erty is improved with lodging house
OF thirty rooms. The building is frame
and well rented.
Among the other deals closed by
W. B. Merwin, the following lead in
point of interest:
ella Cassasa to Rosa Phillips, lot
on the south side of East Ninth street,
west of Central avenue, 49Ax1S5 feet,
improved with a seven-room cottage,
for a consideration of $4,000.
Emily Mitzner to Helen Bushnell,
3Ox11O feet on the east side of Crocker
street, between Fifth and Sixth streets,
that is improved with two cottages, for
a consideration of $4S00.
3 w. II. Clune to Ella Cassasa, a lot
on the east side Of San Julian street,
about 100 feet south of Fifth street,
3Ox135 feet, with nominal improve
ments for $4,000.
Another sale of interest is that of
Miss Katherine Norton, who sold to
Mrs. Della Gilman, through the C. j.
Heyler company and w. I. Hollings-
worth & Co., 5Ox1O2 feet on the south
side of East Fourth street. between
Wall and San Pedro streets, for $12,5OO.
The improvements comprise a two
story frame building and two cottages.
Two Good Sales
Milton Metzler has sold to James A.
Cashion, through McGarry & Co.,
vacant lot, 60x165 feet, on the west
side of Figueroa street, between
Fourth and Fifth streets; consideration
$500. This lot is part of the school
property held by Metzler & Son, and
was bought for improvement.
Milton Metzler has sold w. II. Jen-
kins. through the George M. Haines
agency. double house at S11-s13 Or
ange street for $4,000 This deal has
been pending for some weeks and has
just been closed.
Two New Additions
G. p Randolph has signed con-
tract with Strong & Dickinson to do
the grading and complete the improve
ment OF a new tract Of thirty acres
lying In the warm belt. between High
land and Santa Monica avenues and
the Hollywood and Colegrove electric