Los Angeles herald., 1906-10-28
COVETED CORNER SECURED
BY THE HAMBURGER CO..
BIG STORE WILL BE IMMENSE In SIZE
Banker j. c. Kays Receives $5OOOOO for Lease of
Lot Corner Eighth and Hill Streets for Term
OfFifty Years-ImpOrtant Deals on South
Hill, Future Fifth Ave. Of Los Angeles

very exorbitant price. It was then
purchased by them and is now sold at
profit of 100 per cent. This is merely
one of the many Illustrations of the
advancing values on Hill street.
The Hamburger Realty and Trust
company has sold to Mrs J. H. Marx
the property known as 1025-1027 South
Hill street for the sum Of $62,5OO, or
$l25O front foot, the lot being 50x165
rect. Mrs. Marx purchased this prop
erty for investment and intends to i'm
prove shortly with handsome busi-
ness structure. This property was pur-
chased by the Hamburger Realty and
Trust company last April for $3.50 foot
and went begging at that time OF $500 a
foot. When they got ready to buy it
the price had been advanced $40 a foot
ana they snapped 1t UP at $780, In
every instance where they purchased
property on Hill or Broadway the price
paid by them was considered very
much in advance of the value of the
property at the time, but their fore
sight has proved what was contended,
that the proof of the pudding is In the
eating. In five months they are maxi
ing a profit at nearly the rate of 100
per cent per annum.
Advance In Values
through the agency of Robert Marsh
and A. e. Halsey forty feet on the
east side of Hill street. eighty feet
south of the corner of Ninth, for $1,000
foot, or $64 ZOO. This property was
offered ten days ago, and has been for
months, at $500 foot, without any
purchasers. The Hamburger company
had long recognized that this property
was cheap at this price and advised a
number of their clients to purchase
the same, but their advice was not
needed When they found themselves
in position to do so the price had
been advanced to $1,000 and was pur-
chased by them at the latter price.
With the completion of the Hambur-
ger building, with it's 1874 feet front on
Hill street and the erection of the
building on the southwest corner of
Eighth and Hill by the new purchasers.
the erection of the ten-story proposed
building of the Consolidated Realty
company on the northwest corner of
Ninth and Hill. where they have re-
Gently purchased 95 feet on Hill street
by 226 feet on Ninth street, and the
erection Of Mrs. Marx business block
between Tenth and Eleventh and the
one proposed between Ninth and Tenth,
and several Others now contemplated
but which are not ready to be made
public at this time, Hill street will
show some advance in building and
also assume metropolitan appearance.
Fifth Avenue of Los Angeles
In June, 1905, D. A. Hamburger, the
president of the Hamburger Realty and
Trust company, gave it as his opinion
that values on Hill street were lower
than on any other business street in
the city, but that they would be higher
in ten years than the values on Spring
street. Recent sales on Hill street
south of Seventh come near verifying
this prediction. He now predicts that
every foot of property on Hill street
south Of Seventh will. in the next ten
years, be as valuable as Broadway
frontage. He contends that Hill street
will be the Fifth avenue of Los An
geles, and every possible indication
points that way.
The Hamburger Realty and Trust
company has sold during the past
twelve months ending October l, 1906,
$1,26S,7OO worth of their own proper
ties.