Los Angeles herald., 1905-12-24
ACTION LIVELY
IN REAL ESTATE
HOLIDAY SEASON HAS LITTLE
EFFECT
Future Bright for Big Deals--Hlll
Street Frontage In Demand-More
Fine Mansions for Pass-
dena Section

The holiday season and the univer-
sal buying habit as applied to re-
membranes have had a tendency to
distract attention from many of the
good things in the real estate market
during the past week or ten days,
and as a result deals of some mag
nitude are still pending, but will
doubtless be closed as soon as the
gladsome Christmas time Is over.
Real estate dealers state that it
has been next to impossible to trans
act business with those who are gem
orally in the market for investment
propositions. The buyers are either
too busy drawing checks to make pay
ments for holiday presents or are maxi
ing preparations for journeys to the
country or more distant points.
The past week. however, has been
fruitful in the closing of number of
smaller deals in realty that are re-
corded in these columns. Brokers
have endeavored to improve spare
hours by closing up their books for
the. end of the year, so that they can
start with about everything cleaned
up.
The transfer records show that con-
siderable business has been closed re-
Gently in ranch and tract property for
subdivision at various points near the
city. Acreage property for develop
ment and subdivision seems to be most
attractive for capitalists who desire
quick action on their money They OBJ
serve that lots in tracts are sold rap
idly to the hundreds of people who are
looking for home sites and to many
residents of the city who make it a
practice of buying lots in all new tracts
and holding them for the advance that
has always materialized.
One of the leading real estate firms
has secured an option on a valuable
ten-acre tract in the Boyle Heights
district that will soon be improved
in n high class manner. Two car lines
pass the corner. 1t is expected that
the lots will be in great demand as
soon as they are placed on the mar
ket. The entire Boyle Heights sec
ton has come into popular favor as
one of the most desirable residence
districts in the city.
The past month has been busy
one with property owners and subdi-
viders on and along Wiltshire boule-
ward. Both sides of this street from
Vermont avenue to Western avenue
are to be subdivided by different we'll
known firms and a handsomely built
up district is assured by the judicious
restrictions. A vast amount of sur
vey and preliminary work is being
done by local engineers and it will be
a very short time before active work
will be in progress. A number of very
large culverts are being completed
across Wiltshire west of Western pre-
paratory to the grading and widening
of that street. The drain to. protect
property owners against damage by
storm waters on the easterly line of
close to Seventh and Normandie ave-
nue., will be one of the largest and
Costliest structures of the kind ever
built by private enterprise Eight feet
in diameter, of cement and rock, it
will In all probability be extended by
property owners west of wiltshire
Harvard Heights" to the city limits
"a t Arlington.
Property on Hill street, in the CEN
trail business section, from First street
south to Ninth, is looked upon with
special interest by investors. Those
who watch the trend of business con-
cede that Hill street is next and
that frontage valuations in that thor
oughfare will Increase rapidly within
~ few months. 1t is predicted that
frontage on Hill between Third and
Fourth streets will soon go to $4,000 to
$500 a foot. The frontage of Coulter
and Laughlin buildings on Hill street
has enhanced the value of all Hill
street property.
1t is announced that the new Oak
Knoll tract near Pasadena is to be
made one of the show residence places
of Southern California, if not the finest
in the world Howard e. Huntington.
who was recently married, will erect
q palatial mansion in Oak Knoll tract
and Gilbert Il. Perkins of New York,
w. q. Kerckhoff and Henry E. Hunt
ington will also build splendid homes
The cost of each of the homes will
exceed $5O,000 Plans have been con-
cluded by II. F.. Huntington and as
sociates for elaborate Improvements
for the tract.