Los Angeles herald., 1906-08-26
REALTY DEALERS
ARE ENTHUSIASTIC
MARKET CONDITIONS ARE
HEALTHY AND BRIGHTER
Increased Demand for Business Front
age and Industrial Property.
New Town at Ivy junction.
Hunters Return

"The real estate market Of Los An
geles was never more active, ror the
outlook brighter than at the preEent
time" said one Of the chief op ,rators
in the local field Saturd y. Business
has been brisk all th1 ough the summer
with our company, and tnq quirles nave
steadily increased, especially 1or cen
trail business property and for invest
ment propositions in close-in residence
sections and in the industrial districts.
Los Angeles is esta blished as one OF
the largest and most prosperous cltls
of the nation, and the future fairly
bristles with great po slb1lit e., or,
might say, certaint es, in buslne en-
terprises of every character. OF course
business frontages for stores, ware
houses. factories and other structures
are required, in addition to sites for
homes in the foothills and in other sec
tions. Consequently real estate is one
of the chief factors in the greater de-
velopment of Los Angeles.
'The market is decidedly firm, with
all values at a reasonable figure. Prop
erty is moving rapidly and frontage
is netting good returns to all investors"
The bid of George Chaffey of the
American National bank, $326OOO, for
the old postoffice site, corner of Soltn
Main and Winston streets, has been
formally accepted by the government.
Mr.. Chaffey will not state how the lot
will be improved but he asserts that
the buildings now on the lot will not
be there long. This statement is taken
to mean that possibly towering bank
and office building soon will be erected
on the lot.
L. M. Grider of the real estate firm
of Grider & Hamilton, accompanied by
Frank Oswald and Joe Fast. has re-
turned from a hunting trip in Arizona,
after an absence of twenty days. jack
Chandler was their mountain guide
when they left Flagstaff. They started
out with pack animals, team dogs
and a camera. 1t would require col
umns of space to relate fully the ex-
citing and curious experiences of the
party. They travelled down lar
creek, on the trail to Phoenix, az
visited the camp of Joe Webb, who
wanted to know what month 1t was;
saw mountain lions and bear, wild
turkeys. and feasted on mountain
trout: scaled the San Francisco psaks,
elevation $4,000 feet. covered with three
feet of snow; visited the Grand canyon
and the $150,0OO hotel at Grand View.
where the party lived like princes. Mr..
Grider obtained a large number OF
views on the trip, which will appear in
a souvenir magazine in the near future.
Among the late sales of the past
week are the following:
Wright & Calender Co. report the
sale of a piece of property down at
1865 South Figueroa street, for Charles
d. Andrews, to Elizabeth Kerckhoit
The property is improved with good
ten-room house and the view is right
down Eleventh street. The price was
$4,000.
w. M. Garland & Co. report the sale
of the northwest corner East Seventh
and Kohler streets, for A. w. Rhodes
to Julia Mackie. The lot has 'front.'
age of fifty-one feet on Seventh street
by 110 feet on Kohler street. The sum
paid is $33.150, or $3.50 per front foot.
Property on East Seventh street seems
to be in most excellent demand, based
mostly upon the improvements which
are not only mapped out, but abso-
lutely insured in this district.
r. L. Phister reports that he has sold
to the Winton & Mcleod company for
d. eager Peck eighty acres of land on
Vermont avenue at Howard's Summit
and adjoining Athens -on-the- Hill. The
purchase price was $50,000, or at the
rate of $625 per acre.
The Jones & Ryder Land company
reports the following sales:
The Spring Street company to l.. e.
Jones, fifteen lots on Adams street in
the Homestead tract, $1275O
The Los Angeles Coffin company to
Mrs. E. G. Reighart, a three-story
brick warehouse lot 16Sx20O feet on
Avenue Twenty, between Hayden and
Humboldt streets, 100000.
L. G. Hubbard to Mrs. Ruth Clark,
lot 1, block s, George Dalton tract,
being forty feet on the west side of
Central avenue, near Twenty-first
street, improved with stores and rooms.
$4,000.
c. N. Randolph reports the sale of
the following tract property:
j. c. Dysart to William H. Afford
and U. S. G. Todd, ffty-seven acres,
facing 1900 feet on Wiltshire boulevard,
about one mile and one-half west of
the city limits; consideration $4,000,
one-half cash. This property was the
only piece for sale on Wiltshire boule-
ward west of the city limits, 1t will
be sold to syndicate Immediately at
a small margin of profit.
Another big deal by Mr.. Stanton
was that of forty-four acres lying at
the junction OF the Southern Pacific
railroad, the Ocean Park short line and
Del Rey line at Ivy Junction, just east
of the Palms. This tract has been
owned by Mrs. Rhoda Ann Beall for
more than thirty years and was sold
to Haines w. Reed and Emma l.. Reed
for spot cash. $Sl, 500. This beautiful
piece of acreage. which lies between
and faces on three railroads at the
junction will be subdivided next year
with high class restrictions and inn
provemepts 1t is the intention of the
owners OF this junction to make beau
tiful suburban town. Within fifty days,
it is said, the Southern Pacific line
will be motorized and a station
placed on this property.
Sales of Residenee pronartv