Los Angeles herald., 1906-09-16
REALTY DEALERS
ARE ALL HAPPY
GREAT ACTIVITY PREDICTED
FOR LOCAL MARKET
Chief Interest Seems to Center lr
Business Frontage and Industrial
Enterprises-RemarkabIe
Sale Of Tract Lots

1.-THE real estate situation in Los An
geles looks good to u.s." said an active
operator last night. 1T was never
brighter, and big things are going to
happen at once along the principal bus
mess thoroughfares especially down
Broadway, Spring and Hill streets, as
well as along East and West Sixth,
Seventh and Eighth streets.
I'm the industrial sections a large
number of sales have been closed, not
to be held as investments, but for early
Improvement. The shops and factories
will give lucrative employment to
thousands of persons of all ages. When
these factories, and still others that
are to come, are in operation, you will
find that the population of Los Angeles
Will increase at a still more marvellous
pace. Southern California is the ideal
home section. The greatest need in Los
Angeles is more industries to provide
employment for the people from the
east who are coming to the coast. Pro-
ducers and artisans are always well
come"
Quite number of important sales
were closed during the past week in
the close-in business section.
The valuable lot on the southwest
corner of Main and Fourteenth street
was sold Saturday by H. J. Woollacott,
O. M Louden and l.. E. Jones of the
Jones & Ryder Land company. Sold to
a local investor for $65500. The corner
is. looked upon as bargain at the'price.
Robert Mitchell and associates,
through the Robert Mitchell Co., have
paid p Simmons $25,O0O for the lot
50x120 feet, unimproved, on the south
east corner of Boyd and Wall streets,
r. F. Vogel has paid Adelaide f.
Mathewson $45,0 900 for the lot on the
northwest corner of Figueroa and JEFF
ferson streets. The frontage on Jeffer-
son street is 30S feet, LAT feet on Figue-
roa. The deal was negotiated by Ralph
Sullivan.
Charles D. Morgan has given local
realty firm an option on his business
lot, 60x15S feet on the east side of
Spring street, between Fifth and Sixth
streets. 1t was rumored Saturday that
the lot had been sold to a local syndi-
cate for s225,000. but Mr.. Morgan stated
that he had not been informed that any
sale had been made.
Real estate agencies are having Won
derful success in disposing of lots in
first class, highly improved tracts. In
this list is the Grider- Woolner company
(Charles c. Grider, son of L. M. Grider
of Grider & Hamilton, and Henry e.
Woolner, both energetic operators.) The
Grider- Woolner company placed their
Moneta Park tract of 81 lots, at Sixty
first, Main and Moneta avenue, on the
market recently, having advertised the
tract but three days Now all of the
lots except nine have been sold at
prices ranging from $3.50 to $3.50. Mo-
meta Park is one of the most attractive
CT the new subdivisions.
In the line of close-in business lots
the Jones & Ryder Land company Is
meeting with gratifying success in dis
posing of sites in the Poole & James
tract. The Jefferson street frontage
east of Normandie avenue is being dis
posed of at $4,000 for inside lots. Resi-
dence lots fronting on Raymond, Ken
wood, Van Buren and Budlong avenues
are going at $4,000 and s21O0; building
restrictions, $3000