Los Angeles herald., 1906-06-24
PRICES HIGHER
FOR HIGH LOTS
ACTIVITY IN BUILDING EXTEN-
SION IN NORTHWEST
People Take to High Ground for
Pure Air Mountain and VAL
ley Views - Sanitary
Features

With the rush of investors to the ter
ritory northwest of the city which has
developed rapidly during the last
month or two, there is a marked stiff
fening of prices. Several of the firms
engaged in handling choice subdivi-
sionS in the district mentioned report
more sales of lots during the last month
than at any previous time of like length
since last fall.
There is much complaint that the
county roads of the district mentioned
are not better cared for by the county
authorities, and the move for annexa-
ton of the section to the city is grow
ing more energetic every day. When
the special election is held it is safe to
predict that the residents of the district
outside the city will be for annexation
to a man. This is the one thing needed
to cause the same rise in values in this
district that was experienced by the
southwest three or four years ago.
when the lots now held at $25O0 to $4,000
were purchased at $500 to $1,000
Rumors of New Lines
There is much activity in railway
construction and rumors of new roads
in every direction. From rights of
way already secured by the electric
railway companies it is apparent that
the district will be gridironed by rail-
ways within the coming year. These
new lines and those already building
or planned will bring all this district
closer to the business center of Los An
geles than Pico Heights, West Adams
Heights or any part of the southern
end of the city This fact, together
with the further fact that the north
west territory is considerably higher in
elevation than any other portion of Los
Angeles, except possibly, Boyle
Heights. The desira bility of the high,
level ground for residence purposes is
better understood and appreciated
every year. From scenic and san1-
tary standpoint there is nothing that
compares with the district to the north
west of the city.
One evidence of the popularity of the
territory along wiltshire boulevard and
western avenue as far north as Santa
Monica avenue is found in the sales or
lots reported by the various firms inter-
eSted in tracts north OF Wllshlre Dou-
Ievard, particularly that adjacent to
Western avenue.
Popular Tracts and Prices
Hack & Osborne, the owners of the
Vendome Park tract at the southwest
corner of Western avenue and MelroSe
avenue. report most of the tract dis
posed of. In this tract more than Sixty
lots have been sold during the last four
months. the sales aggregating more
than $50,OOO. The prices are $ooo TO
5000.
Recently the firm opened up another
choice tract. known as the Marlborough
tract the lots being 50X150 feet and the
nrices varying from $500 to 500.
twenty-five lots have already been sold
in the last two weeks and the improve
lnents are being put in rapidly rms
tract is on Melrose avenue AT the cor
ner of Kohler street, one biock from
Western avenue and one block from
the Colegrove car line. The tract Is
directly on the route of the proposed
extension OF the Huntington Slxtn
street electric line There are several
choice lots still unsold in the tracts, out
the indications are that both the Ven-
dome and the Marlborough tracts VIII
he completely sold out within thirty
days. A
G. F. w. Palmer reports the sale OF
forty acres situated at the southwest
corner of Vernon and Western avenues
for ID. n McKeon and L. d. Shepherd
70 Messrs. Martin e. Rockwell and .. A
Vickrey &, Co., for the sum OF $l2OOO'
or $500 an acre. This property VIII be
divided into so and 55-foot lots with
first-class improvements and placed on
the market in very short Time as the
extension of the Grand avenue car llhe
icins this property on the south, eX-
tending west half a mlle'