Los Angeles herald., 1906-06-17
REALTY VALUES
REMAIN STEADY
SUMMER SEASON IN DEALS Is
ACTIVE
Investors Continue to Place Money In
Business and Residence Prop
: erty--Market In Healthy
State

Conservative operators in real estate |
tra nsactlons pronounce the Los An
geles market in a very healthy condi-
tions, with every indication of record
breaking deals to be closed during the
months of July and August, after the |
savings banks have made semi-annual
settlements. Then large sums will be
available for the swinging of big trans
actions that have been pending for
some months.
Among the principal deals closed last
week. aside from those enumerated
elsewhere In these columns, are the fol-
lowing:
Mrs. Louise Y. Pratt to H. Biescar,
through Robert Marsh & CO. and H. P.
Ernst, a lot 40x11415 feet on the south
side of Sixth street, between Grand
avenue and Hope street; consideration.
100000 The Improvement Is two
story frame. with stores below and ten
rooms above.
Mrs. Mary A. Lewis, through the
Anna l.. Briggs company, has sold 11S
acres In Hollywood to Albin B. Shriver
of Winterset, Iowa, for $237,000, or at
the rate of 5000 per acre. This is one
Of the largest deals in acreage this sea-
son. The land lies between Peasane
Heights and Gardner boulevard anu
fronts on Sunset boulevard. The acre
age was purchased for subdivision and
Improvement.
j. w. Overholser to s. S. Rogers,
through Althouse Bros, a new modern
two-story stone and frame residence at
1041 Magnolia avenue, lot 60xl42h feet;
consideration $12,500. The purchaser
will occupy the property as home.
Albert Widmayer to Fred w. Put
nam, lots 25 and 26, block g. Wolfskill
Orchard tract, 55x100 to alley. with cot
tage, being on the south side of East
Fourth street, 55 feet east of Crocker;
consideration $1,000. This property
was bought by Mr.. Putnam as an in
vestment and is considered bargain,
owing to its closeness to Central avenue
and the new union depot Sale closed
by John C. Stedman g. Co.
Stedman Co. have also leased for
Fred w. Putnam to William G. Hay
ner, for term of 20 years, lots 81, 28,
20 and 30, in block of the Orchard
tract, 10Ox121 feet to an alley on the
north side of East Fourth street, be-
ginning 100 feet east of Wall street.
Mr.. Hayner will Immediately erect
two story brick busin ess building. plans
for which are now being made by c. F.
SHILLING, architect
The Hamburger Realty and Trust
company as trustee for a syndicate
Rettkowsky, Charles ]. Ellis Franklin
Jordan and D. A. Hamburger has sold
to Judge j. S. Brady the property at
921 Hill street, 50x155 feet, for $65,000,
or $1,000 front foot. The property is
improved with a two-story house of
small value.
The syndicate purchased this prop
erty April for $1,000 foot. On April
IL 1t accepted an offer of $1300 a foot.
but the purchaser was unable to make
good, on account of his money being
? tied up in San Francisco bank. D.
A. Hamburger, upon whose advice this
property was purchased, told the syn
dicate they would make $10O a foot
profit within ninety days. This has
been realized.
Judge Brady will have llans pre-
pared at once for handsome eight
story business structure and the work
will be pushed to completion as fast
as possible; he will finish four stories
at once and possibly the entire struct-
ure.
A. e. Halsey acted for Judge Brady
and the Hamburger Realty and Trust
company for the syndicate.
w. D. Wilson has sold to syndicate
of Los Angeles investors composed of
ID. A. Hamburger, Otto Sweet, Charles
j. Ellis and G. T. Birkel, the lot. look
las feet on the northeast corner of Hill
rate of $3.50 per front foot, Hill street
frontage The title to the property is
taken in the name of the Hamburger
Realty and Trust company who will
hold 1t In trust for the above named
syndicate.
1t was upon the advice Of D. A. Ham
burger that this property was bought.
for he has unbounded faith in Hill
street and believes it will be the future
Fifth avenue of Los Angeles and is
thus backing up his belief
This property was purchased under
an old option, which was prolonged
owing to the recent legal holidays. Mr..
Wilson had stated that II the option
lapsed he would not sell for less than
$500 a foot The sale was conducted
by A. e. Halsey. representing the sell
er, and the Hamburger Realty and
Trust company, representing the pur-
chasers.
Since January I the Mccarthy COM
pany has closed many sales in the sew
eral tracts subdivided and placed on
the market. The transfers show the
Carthy company holdings as follows:
In Greater Los Angeles tract, $120. 1853;
Main Street tract, $12100; Fruit Acres
tract, $11775; Fifty-fifth Street tract,
$26750; Main Street, Moneta Avenue
and Figueroa Street tract $6933; sub
division of Major Toberman's place,
$S415: total, $266. 10620.
Following are the re-sales in the
various tracts for original buyers dur
ing the same time:
In Main Street, Moneta Avenue and
Figueroa Street tract, $4,000; Main
Street and Moneta Avenue tract, $10,-
500; Main Street Villa tract, $1S.250;
Main Street tract, $1,000; subdivision of
Major Toberman's place, $11 900; Mo-
meta Avenue and Figueroa Street tract,
$l7. 1885, Greater Los Angeles tract. $64. :