Los Angeles herald., 1905-11-05
COMMENTS ON
RECENT SALES
VIEWS OF OLD RESIDENT ON
LOCAL SITUATION
confesses That Limit Of Valuation on
cIose-ln Property Cannot Be
characteristics for the
Week Active

the citv. a real estate dealer who ham
dies only property of his own, IN COM
rnenting upon the situation as ne sees
II in Los Angeles, made the following
statement in substance to Heralo
representatives; A,,s,,,o,,
IN a general way, but am the owner
~ considerable property that l belieVe
is valuable; in fact. I have sold several
nieces during the past few months III
what 7 thought was pretty falr price,
In some respects the real estate sltu
alton Is a puzzle to me. Sometimes
think present values of property lookeo
upon as future business SITES are W
high and then when 1 notice that tne
lots thought too high selling later at
an advanced figure and investors trying
+o eet them at still higher prices, am
kent guessing Nobody l guess can tell
with much degree of accuracy Where
prices are going in this market. Those
who bought a few years ago or even
months ago are getting big returns Tor
their Investments in different localities.
am free to confess that while am an
oId resident here and think l know all
about values I sometimes feel that L
am really a poor judge, the ways tnlngs
are going with the great CROWN anu
expansion of Los Angeles.
MANY dealers and investors nave ui1-
ferent views as to the trend OF tne
business district. notice many trans
fers on the east SIDE IN tne MI ust oa
of the Arcade station, along Fifth ana
other streets. Some Of the values OBJ
tanned in that district are really sur
nrisinp TO me. but there are those VINO
believe that property values on the
east side are not too high. Property
down Broadway and Spring street ana
west of Broadway over to Figueroa ana
south of Sixth street, / regard as one
of the hest sections for investments. l
don't see how anyone could make
mistake in placing money In property
along any of the streets in the section
referred to. 1t Is all available for a
variety of purposes and Is good prop
erty to hold, for Los Angeles Is on the
upgrade and is certain to become one
of the greatest and most prosperous
cities on the continent.
On Seventh Street
Mrs. T. E. Schmidt is reported to
have sold to A. v. Perkins an improved
lot on the northwest corner OF west
Seventh and Wilmer streets for s2o,-
$50. The frontage on Seventh street
is 112 feet, depth l2O. Three montns
ago c. S. Mum sold the same lot TO
Mrs. Schmidt for $4,000. He paid $13,-
900 for the property about year ago.
SOLO at 9oooO NuNdHS0
Mrs. Clara Martindale, who a year
ago paid SIS, 900 for the lot on the north
west corner of Los Angeles and Win
ston streets, sold the property Friday
to an eastern investor for $4,000. The
sale was closed through the Whitcomb-
Gibson company. The Improvements
are nominal, the purchase being made
as an investment.
Two Big Sales
w. B. Merwin & Co. report the fol-
lowing sales: Eugene Germain to o
local Investor, the northwest corner OF
Fifth street and Towne avenue, 55xlOe
feet to an alley; vacant; price S3o,OOo.
L. L. Bowen to Charles S. Huff, lot
on the south side of Fifth street, pc
tween Towne and Ruth avenues, 271sx
100 feet to an alley. Consideration
On Grand Avenue
John ]. Rutland to L. Richart and A.
Granas. through the C. ]. Heyler COM
pany, the southeast corner of Twenty
first and Grand avenue, 80 feet on
Grand avenue by 100 feet on Twenty
first street, improved with ten-room
modern two-story house and a five
room cottage; bought for an invest
ment; consideration $4,000. This pur-
chase is regarded a bargain at the
price.
Bought for Cash
The following sales are reported by
Black Bros: Mrs. Aurelia B. Seek to
Miss May E. Wilson, a lot 61x150 feet
on the west side of Green street, about
It's feet north of Ninth. The property
is situated directly opposite the block
recently purchased by the Roman
Catholic church for a cathedral site;
consideration $4,000.
Sheldon Morris and Jones Machol to
T. j. Hampton, through the same firm,
a lot 2Sx123 feet at S33 Kohler street
for $4,000.
Investment Purchase
H. H. Mayberry has sold to c. S.
Davis a lot S0x165 feet, improved with
a frame cottage, at 213 North Olive
street; consideration $4,000.
On Olive and Hill Streets
w. I. Hollingsworth & Co. report the
following sales Erasmus Wilson to
Charles Muhleman and associates, the
property at 742 South Hill street. lot
60x165 feet; improved with a small
cottage. Price $4,000.
T. B. Marshall to a local capitalist,
property at 41S-24 South Olive street,
lot 60x165 feet, on east side of Olive
street between Fourth and Fifth
streets. Improved with 4 70-room
apartment house. Price $4,000.
Judge c.. c. Wright and Judge J. w.
Hendricks to a local capitalist, 921
South Hill street. lot 50x155 feet; i'm
proved with nine-room house. Price
$45,O0O.
Meta Aockerblum to Pauline s..
Franklin 123O-32 South Olive street.
Lot 50x150 feet, improved with a ten
room house. Price $15,750
Frank Raynes to w. A. Oder, 512
West Twelfth street, between Hope
and Flower streets. improvements
consist of a siX-room cottage. Lot
S2hx150 feet. Price $600O
Mary j. Gless to r. r. Brainard, a
vacant lot on the north side of Potter
Park avenue, between Figueroa and
Francisco streets. Lot 40x100 feet. Price
$4125
On South Main
Henry Biescar is reported to have
sold to a local investor a lot at 726
South Main street for $4,000.
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Hlcks-I understand somebody has
discovered that there's alcohol i'm root