Los Angeles herald., 1906-02-25
ACTIVITY CROWS
IN REALTY FIELD
TRANSACTIONS IN BUSINESS
PROPERTY MARVELLOUS
Sales Indicate a Gain Of Nearly 100
per Cent In January, 1905,
Over Deals In Janu-
ary, 1905

The active condition Of the real estate
market In Los Angeles appears to be
q wonder and a puzzle to the average
visitor from the east who may be In
the city for a few days, but If he lin
gers for q few months to enjoy the
splendid climate of the glorious south
land and observes as he must the sky
scraper buildings going UP. and the
beautiful homes multiplying In number
in every direction, while the popula-
tion is increasing at rapid rate, he
becomes delighted with the climate,
better informed and satisfied that Los
Angeles is bound to grow wonderfully,
and further, that no man however wise
can tell where values will go, nor
where the activity in the realty mar
ket will cease.
One of the leading dealers in busi-
ness property stated last night that
the activity in deals in city holdings
had doubled in the past year, great
as was the record for 1905. This dealer
keeps an accurate record of all sales
in business property, and the figures
business property alone, show trans
actions aggregating $1,300,O00; for jan
uary 1906, the sales for the same class
of property were s2,2OOOOO, within a
fraction a gain of 100 per cent. 1t is
difficult to keep accurate record of lot
sales within the city limits and in the
many tracts. but the activity in out
lying property is constantly increas-
ing. because of the high-class improve
rnents, the energy of tract owners and
agents, and the desire of home-seekers
and investors to acquire lots.
The many large buildings now in
course of erection, notably the Temple
auditorium, the Citizens National bank,
the Hayward hotel, the many tall
structures up and down Broadway and
Spring and Main Streets not to men
tion the Hotel Alexandria and Levy's
cafe Just occupied, are striking evil
dences of substantial growth. And still
there are more big buildings to fol-
low-the new Hamburger department
store, the Ell Emporio department
store, several new theaters, the federal
building, the International bank struc-
ture of ten stories, the ten-story syndi-
cate block on South Spring, and many
other big things in the improvement
line.
The John II. Jones property on the
northwest corner of Main and Fifth
cuped by "The Beaumont. restaurant
conducted by L. M. Popoff and Q.
Vielle. Their lease expires April 1,
when they will vacate. r. A. Rowan
& Co. have a lease for fifty years on
Z the lot. Rumors are current that big
block is to be erected on that corner.
90 nd n VI
on the erection of the Old Folks home,
a Catholic institution, to cost $250,00O
or $780, The site for the home is
on the corner of Mott and First streets
in Boyle Heights, three blocks east
of Evergreen street, the point where
the Boyle Heights and Euclid avenue
electric cars turn south from First
street. This notable improvement will
be rushed to completion rapidly. Funds
are provided by San Francisco phil
anthropist.
Among the larger transactions in
real estate during the past week were
the following:
Robert Marsh & Co. have sold to
local investors the Brunswick hotel and
lot at the southeast corner of Sixth
and Hill streets for $220.O00. The prop
erty was purchased less than a year
ago for 100000.
The Hamburger Realty and Trust
company sold to the Shuma cher Wilson
company sixty feet on the west side
of Broadway, between Seventh and
Eighth. extending 100 feet on Eighth
street, for $195,000 or $3250 a front
foot. This property was purchased
two years ago for the Hamburger
Realty and Trust company by w. r.
Burke, from e. S. Rowley for 100000.
1t is predicted by D. A. Hamburger
that this lot will sell for $4,000 a foot
within eighteen months.
W. B. Merwin & Co. and r. A. Rowan
report the sale for T. l.. MacAlister of
lot on Main street, between Fifth and
Sixth streets, sixty feet north of the
northeast corner of Sixth and Main
streets, 57x140 feet; improved with a
one-story brick building; rental, $3.50
month. Sold for a consideration of
S195.0O0 on the basis of $2S70 per front
foot. The property was sold to a local
syndicate.
W. b. Merwin and Mines &, Parish
report the sale for Robert Marsh and
Strong & Dickinson ct al. to r. o.
johnson lot on the west side of Main
street. just opposite the Huntington
building, 60x155 feet to an alley i'm
proved with one-story brick building,
100000. Mr.. Johnson will not improve
at present, as there is lease on the
property.
It is reported the lot on the north
east corner of Seventh and Hill streets
S3xS71s feet, improved with a business
block, has been sold by Isaacs Bros.
to Il. S. Rowley for 1920, 900; also the
lot on the southeast corner of Hill
and Seventh streets. 72xSS1a feet from
j. V. Vickers and Ben Williams TO a
local investor for $lS0000 also the lot
s6xioS feet on the southwest corner Of
nd y. -