Los Angeles herald., 1905-01-22
MANY LEADING
DEALS CLOSED.
NEW FRONT FOOT PRICE Isl
FIXED FOR SPRING STREET
Main street Also In Evldence-ln1
vestnents Reported Active and
Much Capital Is Seeking z
Valuable Lots


more in evidence as the month pro-
crosses. Sales that speak loud on val
ues. and echo the belief in Los Ange-
les by the investors. have increased.
AS n whole the real estate operators
declare that the old time activity Is
noted and the only bar to closing
many more deals is the firmness In
which owners hold their properties.
The leading sale of the week was
the transaction reported by Black
Brothers and r. A. Rowan & Co. This
embraced the purchase by Susan b.
Wiltshire from Isidor Cohn and Mrs.
Matilda Cohn of a lot on the west
side of Spring street, between Fifth
and Sixth streets, located sixty feet
north of Mercantile place. The lot,
sixty feet front by 165 feet in depth,
is improved with one-story brick
building. The price paid is $150,0OO, or
S2500 a front foot, being a new level
for Spring street frontages, and is
said by real estate men to be the
highest price paid for business proper
ty in Los Angeles when the cash terms
are considered. The property pays
per cent on the purchase price, and
was purchased by the Coins one year
ago from the Oyharzabal interests for
$10S,OO0.
other sales that have attracted at
tention have been reported by r. A.
Rowan G. Co. and among them the fol-
lowing lead in Importance:
A. G. Bartlett to Walter j. Trask, for
$5O,0OO a lot on the east side of Main
street. in the middle of the block 'front.'
ing forty feet on Main street with
uniform depth of 140 feet to alley be-
tween Fifth and Sixth streets. The
purchaser will in the near future erect
a handsome business building on the
site.
Harry Gray and w. G. Burns pur-
chased from George Pinney the north
west corner of Sixth and Ceres, 'front.'
ing ninety-three feet on Sixth street
and 100 feet on Ceres, improved with
two small cottages, for $22,5 500 cash.
Allen D. Butt purchased from Mrs.
c. M. Mallory the southwest corner of
Pico and Valencia streets. This corner
has a frontage of 1872 feet on Pico and
127 feet on Valencia and is improved
with a few one-stary frame buildings
of nominal value. Price, $17,5O0.
r. A. Rowan & Co. also report that
during the week j. w. McAlister pur-
nf and
]. l.. Lowman for $92, 500 a lot situated
on the east side of Main street. sixty
feet north of Sixth street, adjoining on
the south the Burbank theater. This
property is improved with a one-story
new brick building. Mr. McAlister,
who comes here from st. Joseph, Mo-,
where for years he was cashier of the
First National bank, has purchased
this property as a permanent invest
ment.
Another sale that shows the tendency
of values is the deal reported by the
C. J. Heyler Co., by which B. F. Lewis
sells to Nellie Il. Corey lot 4 of the
Dunnigan tract, 621sx15O feet, on the
south side of Pico street, siXty-two and
a half feet east of Georgia street, be-
tween Figueroa and Georgia streets,
improved with a modern 14-room
double dwelling, for a consideration of
$11, 500.
Many Lots Sold
C. Wesley Roberts of Mercantile
place makes public that he has sold
Bowen & Chamberlain thirty-five lots
in the old Royal tract, on South
Figueroa and Forty-Second streets, for
Winton & Mcleod at $3.50 each. These
lots are to be curbed and graded ana
placed upon the market at once.
Sales During January
That January has proved popular
investing month is shown by the many
deals that have been closed. The fol-
lowing summary is prepared to give at
a glance the good things" only, and
is not swollen or padded to make
showing. The total is big enough and
denotes that money is going into prop
erty and that investors have the con-
fidence No attempt is made to en-
large upon the situation or to create a
false impression, as every operator
knows that the deals as closed and pre-
sented have gone upon record.
The Herald in this weekly review
deals only with facts and maintains it's
position for accuracy, fairness and JUS
tice to the real estate fraternity as well
as to the citizens of Los Angeles.
This The Herald has done for four
years when the paper first adopted the
idea of presenting a Sunday real estate
review of the market.
The items as tabulated are more
potent than columns of descriptions
and emphasize the prevailing conditions.
The leading deals during January en-
brace these properties:
]. ar Matilda cohn TO Susan Il VIII
sh 60xl65 Spring street and Mer-
camille place $3.50 900
Hannah Baldwin to capitalists 120x125,
Maple avenue and Sixth street. ...,....., AZ 500
L. Mcconnell to G. Monroe 62hx100,
Ceres avenue near Kohler street.....,, H. 900
Mrs. G. M Mallory to Allan ID. Butt, S.
w. cor. Pico and Valencia streets,...., 1850
tsancs Laventhal TO j. w. McAllister,
60Xl6b Main street north of Sixth. h00