Los Angeles herald., 1906-04-08
ACTIVE DEALERS
IN FINE SPIRITS
BRIGHTEST PROSPECTS FOR
BIG REALTY BUSINESS
Inclement Weather Does Not Retard
Operations-Transact of the
Week Satisfactory-Acreage
In Boyle Heights

of, the year 1906 closed with marked
activity in city and suburban realty
transactions and with every active
dealer feeling good over the prospects
of most prosperous year. The weather
has not been propitious for the inn
v provement Of new subdivisions nor for
showing property in outlying districts
but many important sales have been
closed and quite a number of new
tracts have been purchased for i'm
provement.
Prices for city and country property
are steady and considerable cash has
been invested by local operators for
eastern and Los Angeles capitalists.
NJ l.. Wicks and associates. who paid
500, 500 to Frank A. Kelley and j. j..
Jones for twenty acres on Boyle
Heights, will Immediately subdivide
the acreage and make high class i'm
provements. The tract is bounded by
Stephenson avenue and Venice street,
by Soto and Marietta streets, and is one
of the choice sections Of the east side.
There is but one other body of land left
unsold in the city limits on Boyle
Heights for subdivision. Opportunities
to secure residence lots at low figures
are becoming less every day and those
who are planning to build in that very
desirable district should hurry. Boyle
Heights is improving more rapidly
with a fine class of homes than any
other quarter of Los Angeles and prop
erty generally is advancing in value
from month to month.
The building statistics for the month
of March, 1906. including twenty-siX of
the larger cities of the United States,
place Los Angeles in second place in
per cent of increase over March, 1908,
and in fifth place in total valuation of
improvements. The per cent of increase
for Los Angeles was S6; Milwaukee,
66.S; st. Paul, "a; Seattle 35; Cleveland,
43; St. Louis, %.
Fourteen acre. i'll the northeastern
section of Pasadena, opposite the
Hugus ranch corner Hill and Wash
ington streets, have been purchased by
Robert Marsh e Co. for 100000. This
property, if not resold, will be sub
divided.
Judge p. S. Rishel has sold his home
place of ten acres on Hartford avenue
at Hollywood TO Rich & Walker for
subdivision; consideration, 100000.
Mrs. Marie Blondeau has disposed of
six and one-quarter acres on the north
west corner of Sunset boulevard and
investor; consideration, $22,500 cash,
the seller to remove and retain all i'm
provements.
The Southwestern Securities company
reports an active demand for lots in its
Bullis-Aameda Avenue tract that lies
in the southeastern section and is
reached in fifteSl minutes from the
Sixth street station by cars run over
the Santa Ana branch of the Pacific
Electric railway. This tract was for
merly the homestead of Col. Bulls,
who came to Los Angeles at the close
of the rebellion and who so well culti-
waited this acreage that the place be-
came one of the show spots for tour
lists. This tract is the last holdings of
the heirs of the original owners Streets
have been graded and oiled and the
stalled, including an abundance of
artesian water.
r. II. Howell who paid II. C. Norris
$4,000 for the property at 11OS-1116
South Los Angeles street. will erect
handsome brick block on the lot, which
has a frontage of 14O feet and is $50
feet in depth.
Alton D. Butt has planned to erect
apartment houses on the lot TENTS feet,
west side of Grand avenue, between
Fourth and Fifth streets. He paid
Stephen varva $24,S75 for the lot.
j. II. Braly will erect a $4,000 residence
on Arapahoe street, between Tenth
and Eleventh streets. in the Westmore
land tract.