Los Angeles herald., 1906-04-08
be placed on the market with water
rights, for fifty dollars per acre.

be placed on the market with water
rights, for fifty dollars per acre.
East Venice
The new tract, East Venice of Ameri-
ca, which they placed on the market
March l, map of which apears in this
issue of the paper, is reported as selling
satisfactorily, and on May l an ad-
vance will be made on all unsold lots.
This piece of property was placed on
the market at very reasonable figures
and is thought by some to have been
lent opportunity for buyers who wish
to take advantage before the rise in
price. The conditions surrounding East
Venice of America tract are indeed very
encouraging. Many new and beautiful
homes are being constructed in Wal
grove, Coeur de Lion, Gateway and
Venice Annex, all of which tracts are
intended for high standard of resi-
dences.
The latest large purchase Of lots was
made this week by T. Kozai one of the
Japanese exhibitors in the Oriental
Palace of Arts at Venice. This prop
erty is in the Annex and adjoining that
purchased a short time ago by the Jap
anese commissioner, Kushibiki. 1t is
the intention of Mr.. Kozai to erect
thereon a beautiful Japanese mansion,
bringing forth all of the latest Japan
ese architecture, to cost not less than
$1,000, while the residence of Kushi-
biki is to cost $4,000.
The Silver Strand
The promoters of the Silver Strand
tract, the Guaranty Realty company,
make the statement they will resume
work on the improvements in the way
of constructing three cement bridges
to cross the canal. This news will be
greatly appreciated by holders of prop
erty in that section and should have
some bearing upon the values in that
locality which have been somewhat de-
pressed by reason of the tardiness in
bringing forward the necessary i'm
provements in keeping with original
plan. The Silver Strand is a beautiful
location for homes, but not much can
be anticipated for its growth until the
canal district has been improved. 1t
was reported yesterday that the Craw-
ford property on the corner of Oregon
avenue and Fourth street, Santa
Monica, had been sold for $4,000 and
that D. B. Jerrue, the wholesale wine
merchant of Los Angeles, had bought
the beautiful home of Mrs. Kenelly on
Ocean avenue for $14,250. The sales of
these beautiful homes Is indicative of
the demand for desirable property, and
as the season advances we expect to
see many sales OF InlS character COH-
summated. The atmosphere around
Venice has been somewhat disturbed
by the reports in circulation to the ef-
feet that the multimillionaire Busch,
had purchased the Venice hotel and
would proceed at once to complete this
most important and imposing structure,
but no positive proof of his having done
so could be vouched for, but the wise
ones seem to think, notwithstanding
the denial on the part of those in a
position to know definitely the inside
workings of the deal. that there is
some truth in the rumor. At least, it is
safe to predict, that without question
the hotel will soon be under the su-
pervision of foremen and architects on
the road to completion. This is vouched
for beyond any question of doubt by
its owner and promoter, the great
builder, Abbot Kinney, and those who
have doubts in this matter can rest
assured that Mr.. Kinney will at an |
early date have the work resumed.
Interest in Acreage
Much interest is now being taken in
the erection of residences, and while
this is indeed encouraging yet it is
fact that the community is
not awake to the necessities of build
ing residences on an extensive scale,
for the demand is greater than the sup j