Los Angeles herald., 1905-08-13
CLOSING BIG SALES IN THE
BUSINESS SECTION
MANY IMPORTANT TRANSFERS
Involving Hundreds Of Thousands OF
Dollars on Broadway, Spring and
Main Streets, the Record
Of the Past Week

realty world were kept on the jump
during the past week trying to keep
tab on the operations of leading dealers
who were doing things in the business
district.
An unusually large number Of inn
portant transfers were made public, in
dicating that money from the east and
even from San Francisco is pouring
{ into Los Angeles for profitable invest
ment, but 1t should not be understood
from this statement that local capital
lists are letting every good thing go to
strangers. Angeleno capitalists are
waking up'to the fact that property ut
present valuation is a good buy and
they are getting in at the head of the
procession, and those who possess busi-
ness and close-in lots show but little
disposition to SELL
This feeling indicates that the realty
market is In a. very healthy condition.
Those who cannot. buy in the city are
Investing in tract and beach property,
and every buyer who has the cash to
put in stores or dwellings is caller at
the office of Superintendent Backus for
d building permit.
Corner Hill and Seventh
Isaacs Bros. Co. bought of Thum
Bros, the millionaire fy-paper men, the
northeast corner of Seventh and Hill
streets, S5 feet on Seventh street, by SS
feet on Hill street, improved with "a
two-story frame building. Price s156,000
spot cash. The sale vas made through
r. A. Rowan & Co. and w. B. Merwin.
Sky Scraper Block
Thum Bros. bought Of e. S. Rowley
the southwest corner Of Seventh and
Hill streets. so feet on Seventh street
by 1873 feet on Hill street to AN alley,
improved with a frame apartment
house. Price S135. 900. Thum Bros. also
own the 80 feet adjoining this corner,
and 1t is stated that the firm will erect
q sky scraper on the big lot. This sale
was also closed by R. A. Rowan & Co..
and w. B. Merwin.
Barker Block Sold
Abbot Kinney early in the week sold
to r. A. Rowan & Co. lot 4Ox120 feet,
improved with a three-story brick
block, on the west side of Spring street,
between Fourth and Fifth streets, for
$13O,oO0. The next day Rowan & Co.
cold the same property to Isaacs Bros.
for $4,000, or at the rate of $S500 foot.
Sale on Ninth Street
The lot on the southeast corner of
Olive and Ninth streets 90x160 feet, i'm
proved with a two-story apartment
house, has been sold by Ernine Lissner
through George Bradbeer and George
r. Huntsberger to the Niles Pease In
Nestment company; consideration, $780,
BOO.
On South Main Street
B. B. Macgregor has sold to a San
Francisco investor, through Black
Bros, a lot on the east side of Main
street, betfeen Fifth and Sixth streets,
theater. having frontage of 40 feet
and depth of 140 feet to 20-foot
alley. The purchaser contemplates
erecting a steel framed structure of
from five to seven stories on the prop
I
erty later in the year. The conside-
ration was 1876 per foot, or $4,000
The same property was purchased by
Mr.. Macgregor last January at $1,000
Ger foot.
Another Big Sale
The R. r. Vogel lot, 41x12O feet, on
the west side of Broadway, between
Fifth and Sixth streets. improved with
a two-story brick, has been sold again.
Through r. A. Rowan & Co., Charles
E Green and w. H. Crocker sold the
property to Adolph Klaug, San Fran
cisco, for $15O,OOO Ten years ago Mr..
Y Vogel paid $751; 900 for the lot. In July
Mr.. Rowan paid $13S,OOO for the prop
erty. He sold it to B. S. Hook for $751;
500 and Mr.. Hook sold the place for
$142,500 to Green and Crocker.
Other Important Sales.
Althouse Bros. report that w. p. JET
fries has sold to G. H. Rector an unim-
proved lot on west side of Flower street,
north of Eleventh street. lot 5Ox166 feet.
as an investment. for $4,000. Also that
A. Rosecrans has sold to g. Hartman
lot 701kx176 feet on the north side OF
Washington street. 1856 feet east OF Bur-
lington avenue. improved with a o.
room residence, for $4,000.
L. @. Ebey has sold to Charles Steg-
mailer lot 5. Nordholt tract. 5Ox224 feet.
on the east side of Wall street. about
200 feet south of Sixth street. nominal
improvements. for $4,000. The sale was
closed through l.. L. Bowen and p. ].
McGarry
L. L. Bowen has sold for Mary Schles-
niger to ]. II. Williamson the north
west corner OF Francisco, and Lincoln
streets lot 72x12s feet, improved with
small cottage OF nominal value. Price