Los Angeles herald., 1906-04-18

Bearing out the forecasts made by
experts the first of the year. Main
street property is steadily advancing
in price north of Jefferson street,
Sales have been active for the last
thirty days and the present week prom
ises the closing of many large trans
actions. 1t Is now predicted that
price of $500 foot will prevail on many
of the locations before the end of the
year.
The Jones & Ryder Land company
reports the following sales:
George A. Hickenbotom to E. l..
Pettfils and Waldo II. Smith, lot
69x150 feet on east side of Main street
between Twenty eighth and Twenty
ninth streets, for $3.50 a foot, or $19,-
800.
BY a local investor to S. X. Szyman-
owski, the northeast corner of Main
and Twenty-fourth streets, lot S6X122
feet, for $32, 800 This lot was sold two
weeks ago for $2S,000 showing a net
gain in two weeks of $4,000.
In addition to the above the same
company sold the southwest corner of
Main and Fourteenth streets. Rexford
Coulter, jr., to a local investor, lot 120X
1876 feet, for $S6S75, or about $3.50 a
front foot. This lot was sold in Jan
uary for $7O,OOO
Outside Capital
Several energetic real estate firms
represent San Francisco companies and
other foreign capitalists who look upon
the local field as especially inviting
for safe and profitable Investments.
one of the firms is John ID. Foster 81
Co., in the Douglas block. Yesterday
this firm negotiated the sale of the
property at 1918 South Olive street a
lot 50x155 feet to a 20-foot alley, i'm
proved with a two-story dwelling, the
consideration being $4,000. The trans
fer was made by Forthman & Bergin
to w. c. Middlecoff of San Francisco,
who secured this Close-in lot as an in
vestment.
Acreage for $4,000
San Vincent Boulevard, adjoining
Brentwood Park, Is a new subdivision
lately put on the market by Barlow 81
Bragdon, one of the hustling realty
firms. The acreage lies between Los
Angeles and Santa Monica and is an
ideal home section. This piece of prop
erty comprises $50 acres on par with
| Brentwood Park, being on the same
base overlooking the valley. The acre
age was purchased for subdivision by
Tracy C. Drake, a retired capitalist of
Chicago, who expects to build and make
his home here. With the recent de-
velopments and those contemplated
Mr.. Drake can see far enough in the
future to pay $1S0,000, or $1,000 an acre.
In selling this property Barlow & Brag-
don acted as agents of the Santa
Monica Land and Water company,
owners.
Five homes are to be started in
Brentwood Park within the next thirty
days, none to cost less than $4,000, and
from that up to 100000. The new cleo
trio car schedule which goes into effect
next Monday will place Brentwood
Park nearer to Los Angeles than Pasa-
dena.
Realty Briefs
Mrs ]. GURUS has sold to a local
investor. through M. j. Nolan &, Co.,
lot 41x137 feet on San Julian street.
near Fifth, for $12,500. There is a resi-
dence of ten rooms on the lot.
The lot on the southeast corner of
Eleventh and Georgia streets, 55X16S
feet and also the adjoining lot, 5Oxl40
feet, have been sold by Baker e. Hath
away for Marie Lapham to Mrs. c. J..
Walker for $4,000. There are four
dwellings on the lots, renting at $10S a
month.
Charles Weinberg has been granted
permits to make improvements at 1902
! 1406 South Burlington street, aggregat-
ing $17,6OO in value. Apartment house
to be known as the st. Francis is to
| be erected.
Mary A. Trask will erect an apart
ment house of seventy-two rooms at
539-543 South Hope street, to cost
$4,000.
In Berkeley square on the private
driveway Charles o. Nourse will erect
residence of eleven rooms, to cost
$4,000.