Los Angeles herald., 1905-01-08
REALTY VALUES
REMAIN FIRM
DEALS AT LARGE FIGURES ARE
CLOSED
Market Is in an Active Condition and
Sales Have Been Satisfactory.
Demand for Investment Re-
mains Steady

tention among real estate operators.
Marking the entrance of the new year
the brokers have watched the progress
of the market with more than usual
zest
Nothing has appeared to mar the
activity that was apparent all during
1904, and the sales that have been re-
ported, as this review shows, demon
strates that the demand is keen and
that the investor is still in evidence.
Too much stress cannot be laid upon
values. as uniformity does not appear
in the most selected and valuable sec
tions. Front foot values are a matter
of caprice in many cases. as owners
do not desire to sell, dealing in fanciful
rather than actual prices.
Demand now seems to be for property
east of Main street, and the bulk of the
larger transactions is in that direction.
This part of the city is fast becoming
business and manufacturing property,
and an increase in values has been
noted in the past four months.
Well-located residences have re-
ceived considerable attention during
the week, and also the better class of
unimproved lots in available centers
that prove popular residence sections.
The most of these purchases will be
improved. Sales in additions are as
active as in the past.
The consensus among agents seems
to be that the new year has opened
well and that the outlook is full of
promise. If the expansion of the city
tinent question asked last Sunday,
Where will realty values then be?"
can now be repeated with emphasis.
AS an indication of the trend of
values the sale reported by Wright &
Calender and the Pioneer Investment
and Trust company is a case in point.
This is the northwest corner of Los
Angeles and Winston streets, 60xS0
feet, that has been secured by a local
investor from Loron F. Dunbar and
Ida Hamilton Stoner for 100000. In
commenting on this sale the agents say
it is favorable purchase, as Los An
geles street at this point is but 321 feet
from Main street and 537 feet from the
new Farmers and Merchants bank, the
proposed I. w. Hellman building, the
Van Nuys and Westminster hotels and
the proposed eight-story office building
to be erected by the North American
Trust company.
Another instance of the increasing
values in property in the section east
&Sf Main street is the investment re-
ported by o. A. Vickrey e. Co., by
witch C.. w. Bush has sold C. J. Goode-
now the southeast corner of Wall and
Eleventh streets, S0x1OO feet, for a
stated consideration of $4,000. The
property is vacant but the new owner
is qiloted as saying that he will improve
with flats and stores.
c. w. Conway has effected a sale and
exchange of property between E. r.
Brainerd and Albert J. Brown by which
Mr.. Brown conveys to Mr.. Brainerd the
vacant property 75x13O feet on the
northwest corner of Sixth and Flower
streets for consideration of $35,000.
For this Brainerd gives the Neither
lands hotel that is leased for five years.
Wilmer streets at a valuation of $685.
900, and also gives a vacant lot 117X100
feet on the northwest corner of Orange
and Loomis streets, valued at $4,000
The difference in cost $4,000 is paid by
Mr.. Brown.
Strong & Dickinson report the follow
ing sales in the various tracts under
their control:
In Crenshaw's Arlington Heights
tract, to Marjorie N. Williams, lot 21
block 40, at $1IOO, and Miss Katherine
Page, lots Is and 49, block SO, at $1,000.
In Strong & Dickinson's Main ana
Moneta avenue tract, to Margaret i.
Manner, lot 81, at $475.
In Bellevue place, to John P. Nc
Gowan. lot 25, block A, at $525, and in
Khurt's subdivision, to A. 1. Stewart,
lot 81, at $3.50.
In West Arlington Heights tract, to
Arthur Veitch, lot 2S, block 16, at SIPS,
and in Strong & Dickinsons Southwest
tract. to S. Monte, lot 80, at $500, and
William Miller, lot 12, at $500.
In II bert Marsh Central Avenue
lIdcl, " MdIlHd GdTIlS, lot ~, at S3UU, |
and to Robert X. Nichols. lot 5, at
$3.50, and in Strong & Dickinson's Figu-
eroa Street tract, to Susanna Mac
FaRlane, lot 22O at $3.50.
In Gus b. Hilrs Independence tract
Strong & Dickinson report $685. 900 worth
of lots sold The following list id
cludes the weeks buyers: ]. A.
Lavoie, lot SO at $3.50; Mrs. ]. Nemos.
lots 81 and SO at $500; Howard II.
Waight. lot A at $3.50; L. N. Davies,
Tot 81 at $500; William Dorm, lot "a at
$3.50; Anselem DE G. Grieve, lot 13 at
$500; Evaline 4. MacGruder lot 2s at
5000; Estella f. Mudell. lot 30 at $500;
Ida A. Thiele, lot So at $3.50; Lea A.
Fiske. part of lots IS and 10 at $575;
Margaret ]. Petty, lot SO at $500; Ches-
ter A. Bowman. lot 27 at $3.50: Miss II.
kingery. lot "a at $500; Arthur Deets,
lots S6 and 20 at s1lOO; j. f. Tench. LOT
~ a $500. Ann NJ lane lots 81 and % |