Los Angeles herald., 1906-05-13
CAPITAL ACTIVE
IN Los ANGELES
SHREWD INVESTORS SELECT
ING PROPERTY
Dealers Report Renewed Activity In
Business, Residence and Suburban
Property-DIffieult to Find
Houses to Rent

The transactions of the past week
in the realty field, In city and suburban
property, show that the real estate
market In Los Angeles Is in excellent
shape, and that the active conditions
that existed before the San Francisco
fire have not only been maintained, but
have improved to an appreciable extent.
All values remain steady with an up
ward tendency.
Property in the wholesale and retail
sections is in special request and
shrewd investors keep in close touch
San Francisco and eastern firms who
are looking for desirable locations in
Los Angeles.
Dealers report continued active in
quiry for residence property, the sales
ing concluslvely that there has been a
considerable addition to the population
of the city within the past few weeks.
It is extremely difficult to find cot
tages to rent and those who are i'm
proving tract property assert that
houses erected are sold about as rapid
ly as they can be built.
s. MANY new ITdCLS nave D6tIl
fNr immediate improvement, and all
agencies say that lots are going fast
in every direction.
4 Active Realty Market
Below are given a number of the
more important sales closed during
the past week:
Del Vale & Freeman report the fol-
lowing deals:
James Jordan to local investor, the
unimproved lot on the northeast corr
ner of East Ninth and Linden, 120 feet
to an alley on Ninth street, by 104 feet
on Linden street, for 5000 per front foot
on Ninth street, or $4,000. This corner
is but a few feet east of Central ave-
nue and therefore has almost the ad-
vantage of Central avenue frontage,
as well as that on East Ninth street.
J. l.. Packard to the Cattern Bros,
the southwest corner of Palmer and
Hemlock, S0x140 feet, improved and
renting for SAB per month. The price
was $1,000. McKoon e. Metcalf represent
ed the seller in this transaction.
DR.. H. /. Nance to T. Brant an un-
improved business lot 53x176 feet on the
north side of West washington street,
between Cherry and Oak streets. and
opposite Norwood street. Consideration
$6500.
D. House to Mary Macarthur 51x12o
Ieet on tne nOrIn sue VI rilIeSllth
street about 153 feet east Of Hill street.
Consideration 500. This is vacant lot.
Another Big Broadway Sale
Mrs Alice Dana has sold to M. ].
Nolan, A. H. Busch and j. w. Vaughn.
through the agency of M. P. Nolan,
lot 56x340 feet with 16-foot alley on side,
on the west side of Broadway, just
opposite the junction of Main and
Broadway, for $10S,000. This property
was purchased by Mrs. Dana less than
thirty days ago through the agency of
M. ]. Nolan for $97,815, making profit
of over 10000 The new owners are
having plans drawn for extensive inn
provemerts in the near future.
Flower Street Corner
Colson, Bryon & Donnell sold for Mrs.
Clara B. Burdette to T. Finkle, the
southwest corner of Sixth and Flower
streets, being fifty feet on Sixth street
by 125 feet on Flower street, with an ell
on Flower street extending back one
hundred feet. The Flower street front
age is we'll improved with two-story
flat building, which Is leased for two
rvears. The cottage on the corner is to
be torn down and replaced with two
story pressed brick building, the ground
floor to be used for stores, with rooms
overhead. The above property was pur-
price paid by Mr.. Finkle was $4,000. r.
A. Rowan & Co represented the seller,
and Colson, Bryon e. Donnell the pur-
chaser.
Other Deals
A. H. Seebold has sold lot S0x110
feet on the southwest corner of Sixth
street and Ruth avenue for $4,000. The
lot is improved with good income prop
erty.
The vacant lot on the east side of
Figueroa street. south of Washington
street, 65x160 feet, has been sold for
Nj. G. Howard. through Robert Marsh
& Co., to a local investor from San
Francisco for $4,000.
Earl Clark has sold to Cora Freeze
through the agency of the Hill Street
company, a lot 1O0x125 feet on the
southeast corner of Sixth and Clarence
streets. Consideration $4,000.
Bertha Lebas through R. P. Blaisdell
paid F. M. Gadd $25,000 for a vacant lot,
5Ox157 feet, on the west side of Grand
avenue, between Ninth and Tenth
street.
The sale of the lot S2x1121s feet to an
alley, on the southwest corner of East
Seventh and Crocker Streets is reported
by w. M. Garland & Co., to Walter j.
Trask of Gibson. Trask, Crutcher &
Dunn for $40. 200, or at the rate of 5000
front foot.