Los Angeles herald., 1905-08-06
BROADWAY LOT
JUMPS IN VALUE
ADVANCE OF $4,000 IN LESS
THAN A MONTH
OTHER IMPORTANT SALES
Ban Francisco Capitalists Find Los
angeles a More inviting Field for
Profitable operatIons--oen-
eraI Activity
OTHER IMPORTANT SALES


property that have been pending are
being closed, and realty dealers assert
that the outlook for activity in the
general market was never brighter
than at present.
Money from the east for investment
m Los Angeles and beach property Is
;plentiful and many shrewd investors
are In the city looking over the field
1t is said that because of recent devel'
opments, or purchases made by Mr.
and his representatives
coupled with the assurance that Los
Angeles is to be provided with an
abundant supply Of water for all pur-
noses. organizations have been effected
In several of the larger eastern cities
TO provide finances for heavy invest
ments In Los Angeles and Southern
California.
Every condition in the realty world
looks bright for busy future. Con-
servative dealers say that values are
advancing on a solid basis, and they
have stopped predicting the possibility
OF q decline in prices.
Latest Broadway Sale
The business lot 41x12O feet on the
west side Of Broadway, between Fifth
and sixth streets, improved with a
two-story brick block, has been sold
through r. A. Rowan & Co. by B. s.
Hook to Charles e. Green and w. H.
Crocker of San Francisco for $142,5O0
Two weeks ago Mr.. Hook paid $137, SOC
for the property, buying 1t of r. A
Rowan, who bought it month ago for
s1s3,0OO. Then years ago r. F. Voge
paid $4,000 for the lot. 1t is the pur-
nose of the new owners to erect mod
ern building on the lot. They will dc
this unless somebody comes along and
offers a substantial advance for the
property.
Alameda Street Sale
r. A. Rowan & Co. and w. B. Mer-
win report the sale of ninety feet on
Alameda street, Immediately north OF
the corner of Banning street, and ell
ing around the corner of Banning,
with 100 feet frontage on Banning, to
G. A. Hart of the Natick house. Con-
sideration named, 100000. This pur-
chase consists of four separate pieces
OF property, owned by Mrs. e. L.
Lynn, Mrs. Mary Lancaster, Mrs. Mary
Sibley and G.. w. Frazier. This sale
following so closely the Newmark pur-
chase on the opposite corner Of Ala
media and Banning streets, would indi-
cate that there is a great deal Of activ-
ity for large wholesale sites in this
vicinity, which is probably the result
of the Santa Fe switch track on Ban
ming street in the near future.
Other Important Deals
M. M. Allen. through Althouse Bros.
has sold to A. Freese a twelve-room
residence at $40 West Washington
street. lot 125x36O feet, with highly
improved grounds. Consideration
$40, 900.
w. B. Merwin reports the sale of
q lot on the southwest corner of Sew
enth street and Westlake avenue, 150
feet on Seventh to an alley by 80 feet
on Westlake aveune, from P. L. Kilages
to William Loudon. Consideration
$16.5 800. There are two cottages on the
lots.
The following sales were closed
through w. I. Hollingsworth & Co.:
DR.. Henry w. Hughes has purchased
a half interest in the southeast corner
OF Hope and Ninth streets, 15Ox15s feet;
consideration stated, $27. 800. DR.. John
r. Haynes owns the other half.
William D. Stephens bought from
Mary Tyler lot S0x100 feet, between
Main and Hill streets; consideration,
$4,000.
Bought by the Title Insurance and
Trust company for local investor, 73G
South Broadway, a lot 51x155 feet, be-
tween Seventh and Eighth streets, from
w. e. McVey; price 100000.
Henry S. Williams bought from
McKeever a lot 4Sx155 feet at
1885 South Hill street, improved with
q nine-room house; price $4,000.
Adolf Klan bought from Fleming
Franklin. through the agencies of w. 1.
Hollingsworth & Co. and Lee McCon-
nell lot 45x11O feet at 512 West Sew
enth street, west of Olive street. i'm
proved with two small brick houses;
quoted, $4,000.
DR.. Benbrook and DR.. Holman bought
from Thomas ]. Norton a lot 6Ox165
feet, s44 South Grand avenue, improved
with a frame house OF small value;
price stated. s275OO.
Earnest Quinan to Mrs. Margaret
Hitchcock. through Mines & Parish, a
LOT 60x15O at 171O-1714 South Main street.
improved with a one-story frame, S21,-
l0O- The monthly rental is $1OO.
M. Riley has sold to Robert Hale lot
I00xl65 feet on the northeast corner OF
Pieo and santee streets. improved with
TWO small cottages. Consideration, $12,-
loo Mr.. Hale sold J. A. Clark lot. go
$3.50 feet, at 1928 South Grand avenue.
improved with a frame dwelling OF
'welye rooms. Consideration $4,000.