Los Angeles herald., 1905-09-03
Steady Activity i'm
All Property
Holdings


of California and neighboring states
and the enterprise and money power of
Henry E. Huntington and the several
steam railway companies, real estate is
a potent and active factor in the de-
velopment of Greater Los Angeles.
Real estate and the marvellous in
crease in value of holdings have re-
suited in attracting the attention of
the world to the Angel city. Its twin
brother in drawing and colonizing
power in the numerous tracts, at the
beaches and in the beautiful valleys of
the state is the climate-a climate that
cannot be duplicated anywhere on the
face of the globe.
Tourists come here by tens Of thou
sands from the east every year, winter
and summer and with rare exceptions
all become so completely infatuated
with the beauties of the city and state
and the glorious climate that they re-
solve to buy lots, build homes and
spend the remainder of their days in
California.
Many Attractive Features
The rapid increase in the population
of Los Angeles, the building and exten-
sion of the steam and electric railways
and the unbounded faith of the people
in the bright future Of Greater Los An
geles have contributed to large de-
gree in enhancing the value of city and
residence property. The city now has
a population of over 201,000, with pros
poets of reaching 100000 inside Of five
years. Thousands of people from the
east are coming to California every
year seeking homes, and large per-
centage of the strangers are making
selections in Southern California. They
love the southland for it's balmy cli-
mate, for it's bright flowers, for its
many attractive coast and mountain re-
sorts, and because of the educational
and many other advantages of Los An
geles many families decide to abide in
the Angel city. Consequently the city
has grown with wonderful rapidity
during the past few years, and it is con-
ceded by all that with provisions al
ready made for an ample supply of pure
water from the Owens river and the
continued development Of the city on
metropolitan lines established some
years ago, the gem city of the south
land Is certain to grow in favor and
beauty and wealth every year
Los Angeles is essentially a home
city, cosmopolitan in character ever
since it's organization, and such it will
continue to be for all time, for within
her gates are people of nearly every
race from all over the globe. And
everybody is given cordial welcome.
Values on a Solid Basis
Real estate values are on a solid
sane basis. In the heart OF the business
district frontage is held at $500 to $4,000
a foot and flfty-foot residence lots as
far south as Twentieth street are SELL
ing at $1,000 to $4,000 each. Home
PROPERTY further out can be had at
ST 200 to $4,000 lot and a very comforta-
tle. modern residence can be built for
s25O0 to $4,000. Scores Of new tracts
are subdivided, in which lots can be
had as low as 5000 and $4O0 each and
on up to $1,000 each, according to To-
cation and improvements. Nearly all
of the tracts are accessible by cleo
trio cars.
In outlying districts home sites can
be had at attractive figures and on
easy terms, so that there Is no excuse
for a poor man, a man who is working
on even q meager salary, not to become
the owner of comfortable home.
Suburban Property Popular
Suburban property is in active de-
mand all through the year for home
sites. The perfection Of the electric
railway system has accomplished great
and immediate results in the expansion
of the city. A tract eight to ten miles
distant is certain to secure eager seek
ers for lots, If not always for homes,
certainly for investment. The electric
cars bring all outlying property close
to the city, as ride of few minutes
will land the suburbanite at his home,
where 1t is quiet and where flowers
bloom the year around.
Every business lot in Los Angeles to-
day is a prize for the owner, and it is
not likely that present values will ever
decrease. The same is true of residence
property. Because of the increasing
number of tourists coming to Los Ange-
les winter and summer, modern flats
and apartment houses have multiplied
In districts close to the business CEN
ter and here and there in beautiful resi-
dence districts. These improvements
are necessary to provide comfortable
entertainment for strangers. and the
owners enjoy good incomes each year.
Cottages and Bungalows
Palatial residences, snug cottages
and attractive bungalows, all modern
in appointments, provide charming
homes for thousands who bought lots
and erected the dwellings.
Many visitors find 1t profitable to
t,,,iId oOttapas and hl1npalowa IN rent