Los Angeles herald., 1905-02-05
CHOICE LOTS
FIND BUYERS
CROSS STREET FR0NTAGES
ARE WELL SOLD
Demand for Property Is Active-Val-
ues Soar as New Sections Are
Spotted for Exploitation.
Good Deals Bunched

February is taking up the thread of
activity in the real estate market as es-
tablished by January, that proved a
banner month. Brokers as a whole re-
port an increased inquiry for lots for In
vestment for home sites. The season.
able rains have caused an added activ-
ity, as the precipitation has succeeded
in relegating the croaker to the rear
and has infused new life into those who
do things.
The week proved prolific in attract
ing attention to number of parts of
the city that are being forced into rec
ognition. These spots are on East First
street and on Main street near Twelfth
street. Values may be a bar,to extend
ed operations.
Among the sales that attracted at
tention closed during the week is the
investment made by Niles Pease and
reported by John d. Foster & Co. The
property, sold by Charles Monroe, is
lot on the east side of Olive street, 150
feet south of Seventh street, for $45,OOO.
The property has a frontage on Olive
street of 80 feet and depth of $50 feet
to 30-foot alley, and is improved with
a frame dwelling. The purchase was
made as an investment and the erec-
tion Of brick building of three stories
is contemplated George Huntsberger
assisted in the closing of the sale.
John D. Foster e. Co. also report that
they have sold for Joseph H. Bohon to
Mrs. Hannah A. Baldwin lot on the
east side of Maple avenue, between
Seventh and Eighth streets, having AK
1875 feet improved with a seven-room
cottage, for $4,000.
Fifth and Ruth
Another sale that demonstrates the
increase in values is the one reported
by r. A. Rowan & Co., by which A. c..
Bilicke and George w. Stimson pur-
chase from Mary A. Mace the north
west corner of Fifth and Ruth streets,
55 feet on Fifth by 100 feet on Ruth to
alley, for $25,OOO cash.
r. A.. Rowan & Co. also report that
Mary A. Mace has sold to a local in
vestor for $4,000 cash a lot on the south
side of Fifth street, between Ruth and
Gladys, 271s feet by 100 feet to an alley.
This property will be improved before
the new building ordinance takes eff
feet.
East First Street
That values are taking on frills on
East First street is shown by the deal
closed through w. b. Merwin and r.
A. Rowan & Co., by which John Forth
man sells to Flora Hefner lot on East
First street, about 200 feet east of Ala
media street, for $4,000. The property
has a frontage on First street of SO
feet, so feet on Banning and depth of
$50 feet. improvements are nominal.
On Los Angeles Street
On the west side of Los Angeles
street, about 200 feet south of Second
street, lot 70x17S feet has been sold by
DR.. Hugo A. Kiefer to J. e. Carter for
reported consideration of $36,500. The
property is improved with two-story
brick building that pays about 6 per
cent net. Edward d. Silent G. Co.
represented J. E. Carter and Otto Weld
& Co. acted for DR.. Kiefer.
Stukey Lots Sold
Rufus j. Stukey reports the following
sales in the Rufus j. Stukey tract al
Avenue Fifty-two and Compton street:
TO H. M Monk, lot IA, $4OO.
To Jobn I(occr,on Lotto ox,1 oc
$475 each.
To Charles Rapp. lot 92, $500.
To William and Maggie e. Seger
lot 63. $500; lot Ga, $3.50.
RosedaIe Stables Sold
The Robert W. Mitchell Real Estate
company report sales as follows:
r. L. Lott to Howland Bros lot 100
x125 Feet, on Washington street, known
as Rosedale stables, $500.
Charles F. Mcclure to Mrs S. A.
Rowland, two-story residence, 1917
LaSalle avenue, $4,000.