Los Angeles herald., 1905-06-25
MANY LOTS TAKEN
FOR INVESTMENT
FUTURE BUSINESS FRONTAGE
IN DEMAND
EXPANSION SOUTH AND WEST
Negotiations In Progress for Large
Sale on South Broadway-saIes
Indicate Value of Business
Frontage
EXPANSION SOUTH AND WEST

Several of the leading realty dealers
stated Saturday that within few days
a number of large deals in central busi-
ness property would be ready for pub
licatlon. The market generally is active
and deals for the present summer
promise to be considerably in excess of
those of former years for the dull
season." Transactions for the week
just closed have been above the average
in number and value, and the trans
fers indicate that investors look with
special favor upon close-ln property
south and west of the business center.
r. A. Rowan was in San Francisco
last week negotiating the sale of valu-
able frontage on South Broadway. The
owner is in Europe. A San Francisco
capitalist desires to purchase the prop
erty. Possibly the deal will be closed
this week.
Near Central Park
One of the notable deals of the week
indicating the trend of investments and
the value of property in the vicinity
of Central park, around Sixth and
Olive streets. was the sale through
Robert Marsh e. Co., by Mrs. Nellie
DuSoe to a local syndicate, of a lot
.55x130 feet on the south side Of Sixth
street, So feet of Olive street. The con-
sideration was $4,000, an average of
$500 front foot. The only improve
ment is a small building used as a
Chinese laundry.
Good judges Of realty values assert
that property near Central park is
steadily advancing in value. The pres
ent valuation per front foot is $1,000.
and it is asserted that in less than a
year none can be had for less than
$2500 foot. It has been observed that
shrewd investors look with special fa-
of the park.
On Grand Avenue
Alexander Blair has sold to H. H.
Cotton, through H. G. Cotton & Co.
and Conway & Kessler, a lot 6ox165
feet, at 514 South Grand avenue; con-
sideration $4,000. The purchase was
made as an investment.
On Pico, Near Main
A. Federman. through the c. ]. Hey
Ter Company, has sold to John A. Muir
ply for $15,75o, lot, 6Ox1S5 feet, on the
north side of Pico street, west of Main
street. improved with a two-story
building, that rents at s1OO month.
On Figueroa Street
u, r,Jo IL,
Bros. has paid DR.. John Hepburn $15,-
900 for a lot 60x165 feet, on the south
east corner of Figueroa and Fourth
streets. This lot is not far distant
from the central business section and
is regarded as a good investment.
$16,5oo Valuation
Through Houston & Brown Mrs. A.
J. Dunlap has sold to H. Schultz lot
105x175, on the northwest corner of
Washington and Cherry streets; con-
sideration, $4,000; also for H. Schultz to
G. Williams, an apartment house Of
eighteen rooms, at 2017-2O19 Orange
street, $1,000.
Residence Property Sold
Sales closed by Wright & Calender:
Matthew Bender to Catherine Wood,
lot 5Ox125 feet. with five-room cottage,
on north side of West Pico street.
s6175; E. J. Grant to M. A. Davids, lot
50x125 feet, improved with frame cot
tage, on north side of West Pico street,
$500.
New Business Block
w. H. Richardson has paid $500 to
A. Smock for a lot, 51x136 feet. on the
north side of Pico street, between Ell
Molino and Fedora streets. The pur-
chaser will erect brick business block
on the lot.
On West Pico
Laura Duncan has sold to Sarah A.
Cutler. through Wright & Calender, a
lot 5Ox125 feet, at 1907 West Pico
street; consideration $1,000. The lot is
improved with frame cottage of eight
rooms