Los Angeles herald., 1906-08-19
GROWING ACTIVITY
IN REALTY DEALS
Los ANGELES MARKET LIVELY
AND ATTRACTIVE
Investors Placing Their Money Freely
In Desirable Business Frontage.
Money From the East In
Evidence

Important transactions in the realty
field during the past week Indicate de-
clded animation in the Los Angeles
market, especially in business property.
Several fine properties have changed
ownership, some f the frontage having
been acquired for early improvement
and other lots as investments.
Dealers report that the market is in
very healthy state and that loans on
improved and other good property can
be had at satisfactory rates. Money is
plentiful and investors are daily mani
Testing their strong faith in the future
prosperity of Los Angeles by making
purchases. Investors from the east are
also frequent buyers, and eastern money
is being sent here for investment
Hotel Rossmore Sold
Robert Marsh & Co. anu Mines &
Parish sold for Tracy w. Ross to DR..
T. r. Croswel and associates a lot 66
x150 feet to a twenty-foot ,,lley on the
south side of Sixth street, between Hill
and Olive and Immediately facing Cen
trail park for 100000, or at the rate of
a little over $500 per front foot. The
lot is improved with a tnree-story
frame hotel building formerly known
as the Hotel Rossmore.
This is one of the notable g-les of the
past week, and emphasizes substantially
the estimate of shrewd investors in
values in the vicinity of Central park.
Negotiations for other large deals in
that vicinity are under way.
Sale of Hotel Tulane
w. B. Merwin {; Co. report the sale of
Hotel Tulane, situated on the east side
of Hill street. between Third and
Fourth streets. Size of lot, 421sx145
feet to a 2O-foot alley. improved with
a three-story brick building, two stores
below and hotel alb We. Price, $4,000.
The buyers were composed of a local
syndicate, among whom were Mrs.
Clara B. Burdette M. e. Hammond and
others. The sellers were William
Mines, Oscar Fcrish and Ernest
Quinan.
The large purchases made by the Los
Angeles Pacific electric Railway COM
pany on Hill street have attracted in
vestors to this section.
Investment Purchase
A. C. Brown has sold, through the
agency of Robert Marsh & Co. to Mrs.
Louise Y. Pratt = lot 55x190 feet on the
south side of Sixth street. fifty-five feet
west of Olive street, for $57,750, or at
the rate of $1050 per front TO t. Bought
for Improvement. The purchaser has
planned to erect a five-story building
on the lot. This sale further Demon
strates increasing interest taken in
West Sixth street property. Good
judges of values believe that West
Sixth, West Seventh and West Eighth
street frontage will keep pace with Hill
street in growth as important business
streets.
On South Main
Cate & Henderson of 205 Mercantile
place report the following sale to Mrs.
Elleta Stocking of Los Angeles: Lot 5
and the south ten feet of lot of block
3, o. w. Childs tract, for $45O0O This
property has a frontage of Al $40 feet
on Main street, situated between
Twelfth and Pico streets.
New Site on Hope Street
The Young Mems Christian associa-
tion has acquired the lot at 719 South
Hope street for $4,000 through Wright
& Calender and J. G. Johnson. The
lot is 57x165 feet, improved with a four
story fiat building. The adjoining lot,
9Ox165 feet, has been sold to the asso-
citation by Mrs. M. l.. Moore for about
$4,000. The Y. M. C. A. property at
619 .62S South Hill street will be sold
and the new building will be erected on
the Hope street lot. The Hope street
frontage Is 147 feet.