Los Angeles herald., 1906-07-22
RUSH TO SECURE
BUSINESS LOTS
BIG DEALS OF PAST WEEK
SHOW ACTIVITY
$4,000 Transfer on South Hill and
$63,25o Sale on Olive Street, Near
Sixth-Realty Market
Active

Los Angeles appears to be the king
pin center of activity in the great west
for large and frequent transactions in
real estate. Deals of the past ten
days in business residence and tract
property have increased so rapidly that
agents find 1t difficult to keep accurate
tab on the transactions. Realty busi-
ness is brisk, and every dealer is hust-
ling.
Investors who look upon Los Angeles
as the most inviting field in the coun-
try display increased desire to place
money in business and close-in prop
erty. They do not find 1t an easy task
to secure property, as many of the
owners who In past years might have
been anxious to exchange frontage for
coin, now feel that they can afford to
hold on tight with the assurance that
In the near future they will reap larger
returns than are now offered although
present offerings are far in advance of
the original cost.
The shiftings of the larger business
interest to the southwark along Main,
Spring, Hill and Broadway, has given
rise to general speculation as to the
limit of values. With the rapidly in
creasing population of Los Angeles, and
the acquisition of scores of industrial
interests conservative bankers and real
estate operators are slow to fix values
on frontage In certain districts. All
agree that Los Angeles is expanding in
most gratifying manner, and en-
phatically assert that the Angel city
is now and will continue to be the
great metropolis of the Pacific coast
section.
Among the deals in business property
of Importance during the past week
are the following:
Mrs. Louise Y. Pratt has sold through
the agency of Robert Marsh G. company
to Mrs. f. A Lewis of San Jose. lot
55x165 feet on the west side of Olive
street between Sixth and Seventh
streets, for $63,250, or at the rate of
$1150 per front foot. The purchaser will
begin the erection of modern four
story brick building at once, the i'm
provement to cost in the neighborhood
of $4,000.
These sales are reported by w. 1.
Hollingsworth & Company.
The Title Insurance and Trust COM
pany to Geo. j. Birkel. ct al, lot 7,
block 81, Ords Survey. being the prop
erty at 931 South Hill street, lot 50x15O
feet, nominal improvements, for $65, 900.
Marie T. Hicock to John M. Cleaver,
lot S0X110 feet on the south side of
East Third street. opposite Ross street,
consideration $1S500
G. A. Lathrop has purchased of R. NJ.
Wallace a lot on the east side of South
Flower street between Seventh and
Eighth. Size of lot 60x165 feet, with
nominal improvements, price $4,000
Mathew Vollmer has sold to James
Luddy, through the agency of w. r.
Morwin & Co., the northwest corner
of Sixteenth and Union streets, 146 feet
on Union by 50 feet on Sixteenth. Part
of the lot is improved with a four-room
fiat building. Consideration $17,500.
w. H. Neiswender & Company have
sold to Los Angeles investor for D.
E. Thompson, the property and lot,
5OXl5O feet at the northwest corner
of Central avenue and Washington
streets for $4,000 The improvements
include a two o-story frame building,
having a store on the ground floor and
apartments for rooming purposes on
the second.
The lot on the northeast corner of
Sixth street and Central avenue. S6 feet
on Central avenue and III feet on Sixth
street, improved with a two-story
frame building, a combination of stores
and apartments has been sold through
the agency of c. C. c. Tatum and Allen
D. Butt for R. L. Horton to a syndicate
of local investors for $50, ,000 An option
was given on this property April 16
for three months. This was lust two
days before the San Francisco fire and
the syndicate now purchasing the option
show their faith in Los Angeles realty
by taking over the property at this
time.
Robert Mitchell has sold his business
block on the northwest corner of JEFF
ferson and Key West streets to r. w
PoindeXter for $4,000. The property
consists of lot 65x13O feet. improved
with modern two-story frame build
ing containing three stores and eight
cen rooms. The sale was negotiated
by the Robert Mitchell company.
The lot 10Ox11O feet, on the northwest
corner of East Fourth and Crocker
streets, in the wholesale section near
the Arcade station, has been sold by
John r. Smurr to Thomas S. Fuller
ColVin c. Leighton and associates
through the j. w. Cline Realty COM
pany. The considera ton was $45. 900
The purchase was made as an invest
ment.
1t is reported that a one-quarter in
terest in the property at 1923 South
Broadway has been sold by Alexander
Keating to ID. S. Rose of Oklahoma and
1. n. Glover for $4,000 on a valuation OF
100000. The lot has a frontage of 81.
feet and its south line is 300 feet Ions
and it's north line $50 feet. Improve
ment consists of a frame buildins
rented for $40 a month
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