Los Angeles herald., 1905-09-03
FOR SALE
Business Property


FOR sALE-ssso oo0-;S5Oo PER FOOT;
9TH, 60x159 TO 20-FT. PAVED ALLEY;
80 FEET SOUTH OF THE BRALY
BUILDINGS: 60 FEET NORTH OF
ERECTED BY THE DELTA INVEST
MENT COMPANY-IT WILL COST
MORE THAN $125,OOO.
How much more, 1 don't know; but 1t
will be an Improvement that will help
the location; and yet a 100000 building
on this lot I advertise would be bet
ter investment than less costly one.
Why? Because Fourth and Spring
streets is to be the busir ess center of a
city of half million people by 1912. and
much greater thereafter; and the man
who builds wisely at 4th, and Spring
and FOR THE FUTURE. as well as the
present. Isn't that true?
Didn't the Bralys and Hellman do
better thing for themselves at Fourth
6s ans sad spT1s os afa ohers ahd nS bn aa oT
stories? Think it over! The little city
of Memphis. not HALE as large as Los
Angeles, supports 16 and History
story building at 4th end Spring streets
be the BEST THING IN Los AN
GELES?
And the man with the BEST THING
Los Angeles of 1905 to 1920, will be
pretty lucky man. I'd like to say
right here that I'd be glad to have
S100, 900 worth OF stock In s4O0,0OO or
5000, 900 building on this lot and hereby
make the proposition to take 1t If pur-
chaser will allow.
AS to price, L want to answer a. little
intimation I've had that my price is
higher than another piece brought in
the same block. In the first place, the
fact that Isaac Bros. picked up snap
down there at such VERY LOW
FIGURE doesn't jar me a little bit
They know a snap when they see it.
They saw 1t and snapped it. They are
posted. They own other very valuable
property here on Hill and Broadway,
and other streets, and they get busy"
when a snap bobs up it's head. while
some of these chronic kicking croakers
try to pull all other regular prices
an owner sacrifices upon the altar Of
his pet hobby! Abbot Kinney will never
miss the money that Isaacs will make
on the lot; in fact, he may, make just
it and put in Venice" and even If he
don't he's building a city down there
of which we will all be proud. and that
will give him as much pleasure as the
for the kinney Lot Price, When it
comes to the "Isaacs Bros lot price,
that's a different story! They ask
wait minute; take hold of something
out! $1,000 PER FOOT! Wouldn't that
telescope you? And listen; they'll get
1t, too.
This town is chock full of people who
have bought a good thing-a Spring |
street lot for instance, and turned II |
loose for few measly thousands and
saw it go up, up, up! and realized that |
it's bad idea to turn bird loose un-
speaking from experience. I bought a
lot on Spring a few years ago for S19,-
600; sold it for $4,000 in in a "a few months,
or so, and 1 don't know how many |
times it has changed hands, but 1 do
know that if any of us had held 1t we
could cash 1t for $4,000 today; perhaps
$4,000, sold in less than GO days for
$45 OOO-think Of the NERVE, too, of the
fellow who could ask that advance in
70 days. But he asked it, and got It:
and the purchaser got the sympathy of
the community; and also not less than
$4,000, or double his money-in today's
value of his lot! So you see that 1t pays
to have faith in the future of Spring
street, and you also see that the dear
public doesn't sometimes always know
whether $4,000 or $3300O0 for a certain
lot is cheap or not! What good does
None. my son, none! I only do it for the
fun-just to be read by few who think
/ ask $500 foot for lot worth about
$1,000 or $1,000 L don't think 1t hurts to
let people know that you believe what
you say. l expect people who can buy
a Spring street lot to have more sense
than to pay more than it Is worth, or
more than they can buy another of
equal value. 1 want to add right here |
that my lot has So feet more depth and I
the advantage of an alley over the lot
held at S5O00 This is easily worth 10
per cent more to the lot. If you doubt
1t ask any large dealer or prospective
tenant if he would pay $1100 to $125O
per month for any building with an
alley, that he would pay $1,000 for with
out en- alley.
But listen, you may be able to find
some other lot for less money, and AS
WELL LOCATED. If so l congratulate
you. but If not, and you mean business,
come to see me.
BOAZ DUNCAN,
AS Wilcox Building.