Los Angeles herald., 1906-07-15
MAPPING OUT
MANY TRACTS
ACREAGE IN NORTHWEST SEC
TON DISAPPEARING
Large Force of Men and Teams at
Work Putting Subdivisions
in Shape for the
Market

In the work of subdivision the north
west section of the city is at present
taking the lead. For several months
there has been a marked activity all
along Western avenue from the Pico
Heights district to the boundary line of
Hollywood. The work on the extension
of the West Temple street line, followed
by the grading work on the West Sixth
street line, which it has been announced
will ultimately run to Hollywood and
to the beaches, had a marked effect in
stimulating the demand for holdings in
the territory that would be affected by
the proposed electric lines.
Acreage prices have been soaring for
more than a year and decided increase
in lot values has been noted To one
who has followed the progress of the
southwest territory during the last five
years there is food for thought in what
is being done now in that region ada
cent to Western avenue and extending
along south from the southerly boun-
Diary line of Hollywood to Wiltshire
boulevard.
Higher Prices Predicted
Many real estate men believe that the
experience of the West Adams and Pico
Heights sections during the last five
years is to be repeated in the district
mentioned to the northwest during the
next two or three years. Where 1t is
possible to buy desirable home sites
now in the northwest for $500 and up
ward, they say it probably will be i'm
possible to purchase the same lots
three years from now for twice or
three times that money.
More than 500 grading teams and as
many men are now at work in this
section putting the various tracts in
shape for the market and in many
instances almost entire subdivisions
have been sold out efore the improve
ment work has been begun. Prices
range considerably less Immediately
south of Hollywood, than they do in
the neighborhood of Wiltshire boule-
ward. where the prices vary from $50
to $3.50 a foot. The entire section is
being sold subject to building restric-
tions, which has led to the investment
therein of much money by those who
have long been living in the low = -lnds
of the city and the more densely popu-
lated sections.
Elevation of District
In point of elevation the northwest
is from 200 to 300 feet higher than the
southwest, and the view generally is
fine. The activity along Western ave-
nue. and Wiltshire boulevard has given
an impetus to property throughout the
entire section. Vermont avenue, north
of Sixth street and Melrose avenue
the latter being the widest cross street
between Hollywood and Wiltshire boule-
vard--have both sprung into promi-
nence and values are increasing.
Arrangements have been completed
it is said for the extension of the
Bimini bath electric line north to Mel
rose avenue and west along Melrose
avenue to Western avenue. Recent
purchasers of big pieces of acreage
have Joined with some of the heaviest
holders of realty in the territory af-
fected and have guaranteed a bonus to
Huntington sufficient to warrant the
immediate building of line. This is
expected to add greatly to values in the
northwest.
Active Demand for Lots
Hack e. Osborne, who have handled
several tracts of land in the vicinity
of Western avenue north of Wiltshire
boulevard, report a constant demand
for lots. The firm is about to place on
the market another fine tract of land
Just west of Western avenue and on
the proposed extension of the West
Sixth street line. The lots will be sold
at prices under $500 and on easy terms.
The firm of Hack g. Osborne has
sold about $5O,OO0 worth of lots in the
Vendome Park tract, at the corner Of
Western and Melrose avenues. while
the Marlborough tract placed on sale
less than a month ago, is practically
sold out already. The lots in all of
these tracts are full fifty feet front
and the depth varies from 1876 to 200
feet. The prices are under $1,000.