Los Angeles herald., 1905-05-07
LOCAL MEN BUY
SIXTH AND OLIVE
NOTABLE CORNER is SOLD
FOR S150,000
PROPERTY MAY BE LEASED
Splendid Building Reported Planned
for the Lot-Good Deals Closed
on Main, Plco and other
Streets

The splendid property on the south
east corner of Sixth and Olive streets
has been sold by vail & Gates to I. L.
Lowman and George w. Walker of
Santa Barbara. The purchasers paid
s15000O for the property, which is i'm
proved with two old-style frame dwell
ings. The property fronts 1872 feet on
Sixth street and $50 feet on Olive,
fanked by a 20-foot alley on the south.
w. /. Hollingsworth & Co. and Robert
Marsh & Co. were the brokers who
handled the deals.
AS this frontage ranks with the
choice properties of the city and facing
Central park 1t is stated parties are
negotiating for lease on the property
at valuation of 100000 to erect a
handsome five-story building covering
the entire lot, to be conducted after
the style of Sherry's in New York city,
having restaurant on the main floor
with a grand ball room and reception
rooms above for public and private
entertainments and receptions.
This is a new departure in Los An
geles and should spring into imme-
diate popularity. This property being
in the center of the city, and fronting
on the park, is peculiarly adapted for
this class of business.
Main and Pico
w. B. Merwin reports that he has
closed the following deals:
For j. S. F'iley to o. T. and F. Q.
johnson, the southwest corner Of Main
and Pico streets, 105 feet on Main by
150 at an actual price of $6O,OOO cash.
The improvements are nominal.
Also that the Hicks-Hager Estate
company has purchased from F. o..
Johnson a vacant lot, 60x160 feet, ad-
joining their property on the southeast
corner of Main and Eleventh streets,
at an actual price of 100000.
For S. A. Butler to Mrs. o. w.
Childs, 60x160 feet on the west side of
Los Angeles street, midway between
Eleventh and Twelfth, for $4,000.
For DIR. Eliza Miller to Williamson
Bros, 40x125 feet on the south side of
Eleventh street, between Main and Los
Angeles streets, improved with a six
room house, for $6500 cash.
For Mrs. Martha TIillman to D.
Parker Bryon, 60x135 feet on the west
side of Main street, between Fifteenth
and Sixteenth, improved with a %
room modern apartment house, for
$4,000.
Twelfth and Main
Black Bros. report that in conjunc-
ton with w. B. Merwin they have sold
Mrs. o. w. Childs for r. Garcia the
northeast corner of Twelfth and Main
streets, 44.7x160 feet, that is vacant, for
a consideration of $4,000. The pur-
chaser reports an intention of improv-
ing the corner with brick block. This
property has changed hands during the
LAST thirty days three times.
Small Deals Closed
Robert Hale has purchased 40XSS1a
feet from Jennie A. Keihl on the west
side of San Julian street, south of Sixth,
for $4SO0. Two frame cottages are on
the property.
The First National bank has sold
Kate Hanlon 70x180 feet on the east
side of Hope street, south of Pico, with
a dwelling of eight rooms, for $3.50.
C. r. Hale has secured 250x600 feet
on Franklin street, facing Whitley ave-
nue. in Hollywood, from f. w. Britt.
The price is said to approach 100000.
The property will be subdivided into
six home sites.