Los Angeles herald., 1905-10-08
CORNERS BOUGHT
FOR INVESTMENT
COMMERCIAL BUILDING GOES
FOR $4,000
Purchased by Local Syndicate-Pres-
byterIan Church Corner and
Other Lots Sold at a
Marked Advance

The fact that the $1,0O0,000 federal
building is to occupy the Downey cor
ner at Spring and Temple streets and
that a ten-story bank and office build
ing is planned for the southwest cor
ner of Spring and Temple has caused
local investors to look around in that
vicinity for what they regard as good
things in real estate. 1t is probable
that many changes in ownership of de-
sirable property along Temple street
and north on Main street will be re-
corded from time to time. 1t is figured
that it will take five or more years TO
complete the federal building after
ground is broken, but the beginning of
opera lions on that improvement 1t is
claimed will be the signal for big
stir in realty deals north of First street.
Corner Block Sold
The sale of the southwest corner of
Broadway and Temple street has been
made by A. T. Jergins & Co. for the
California Nebraska Real Estate COM
many to Ben Kingsbaker, S. S. FEEDER
man and Berthold Baruch "a Los An
geles. The consideration was $4,000.
The property has a frontage of IA feet
on Broadway and 1873 feet on Temple
street. making a total frontage of 327
which at the above consideration makes
a rate of 1896 per front foot, and IS
considered reasonable by those ac-
uuainted with values in that locality.
This property was bought purely as
a speculation, and there is no intention
on the part of the purchasers to i'm
prove the same at present.
Frank C. Blume and T. L. Patterson
have sold to DIR. Charles H. Earle
through the same firm, 309-311 West
Temple street, improved with two
story brick of nominal value, for SILL
900. The lot has a frontage on Temple
street of thirty feet and is just 100
feet west of Broadway, adjoining the
w. C. T. U. building. 1t is considered
a cheap piece of property at the price
quoted.
Sold at an Advance
The lot on the southwest corner of
Ninth street and Grand avenue, 100
feet on Grand avenue by 100 to an al
ley, now is owned entirely by 1. L.
Lowman, who paid Meyer Lissner,
through W. B. Merwin e Co., $4,000
for the latter's half interest Recently
Lowman and Lissner paid H. J. Woolla-
colt $4,000 for the property. The lot
is improved with two-story pressed
brick block
On Hill Street
r. E. Garcia has sold to J. 3. Price,
through the agencies of Black Bros.
and F. M. Vale, the southwest corner
of Hill and Sixteenth streets. 104 feet
on Hill street by 100 feet on Sixteenth,
for a consideration of $32,500, or very
nearly 1926 per foot. The lot Is i'm
proved with frame church building,
occupied temporarily by the Third
Presbyterian church. This is the third
time the same corner has been sold
since July 10. 1t was sold at that date
for $4,000 to the late Abraham I. Cohen,
who resold 1t within fifteen days at an
advance of $4,000. The last resale was
also an advance of $4,000.
j. H. Dewey has purchased from
Frank M. Vale an unimproved lot or
the northwest corner of Hill and Seven
tenth streets, having a frontage of 104
feet on Hill and 100 feet on Seventeenth
street The price reported to have beer
paid for the property was $23,400.
On Fieueroa Street
Philip Pohlman and Harry Bargsmar
have sold to M. M. Allen and Amelia
B. Allen. through A. T. Jergins e. Co.
partly improved lot. 60x165 feet. or