Los Angeles herald., 1906-06-10

NAee'iothSNivic III DlSlHtSS anu
property will be closed in the near flu
ture.
The end of the legal holidays has
made 1t possible for dealers to swing
big propositions, and they state that
the lifting of the lid" has made
money easier to secure on propositions
involving the, outlay of hundreds of
thousands of dollars. Just watch
us" say the real estate operate
identified with large transactions.
The realty market has picked up
IN lively manner within the past few
days. Real estate agents report that
they have greatly increased Inquiries
Tor investment propositions, particu-
Iarly in business and industrial prop
erty' and they assert with confidence
that the summer season in Los An
geles will be one of great activity in
the real estate market.
In support of the assertion that
there is a tremendous interest in Los
Angeles and Southern California prom
given: gu
Elmer Z. Cole has sold to the Mount
washington company, a corporation.
through Robert Marsh & Co., 564 acres
formerly known as Riverside Heights,
tor the sum of $423,000 This property
IS Just off of Pasadena avenue on the
hlgh hills, running from Avenue 81 70
avenue o. and much the highest
point IN the city of Los Angeles and
over 200 feet higher than the Hotel
raymond, from which the most mag
HI1cent view of the entire surround
I,Is Is country can be had. The Mount
CWtasilngtqn company has employed
Gharles Frederick Eaton of Santa
Barbara and V. j. Rowan of This
city, who are to co-onera+e 10
make this property the most MAGMA
cent viewpoint or Southern Saii-
Iornia ma for residence purposes. MANY
vi lne wealthy residents of Los An
BeIes nave planned to erect mao
nificently appointed homes in nIn1,s+
Washington. III Niouhl
mere is another: Robert Marsh G.
90. and Mines &s Parish report the sale
VI tne northeast corner of Main ond
seventh streets. from j. w. WoIfslxiIi
10 tne Union Trust and Realty com
pany, representing a local syndicate
5.1., ine SIZE or the lot is 1461s on Main by
I4t7s 10 twenty-foot alley on sew
enth street. About one-third of tba Ia
IS improved with three-storv bricir
pulld1ng. The balance of the LOT is to
pe improved immediately with six or
eIgnt one-story stores. Consi6era tion
Soto,ooO. This property has sprung into
suuuen demand largely through the
plans maze for the extension of the
SeVenth street car line into the Donr-
lous Boyle Heights district the line to
connect with the double track line on
stephenson avenue, which extends
from Boyle avenue eastward to E,,IcJid
avenue, with plans to extend the line
TO point beyond the city limits. This
connection will greatly Increase the
eoilliherclai value of property as far
10 hINe Ii
ana sixteenth streets, while il will
Doom values along Sixth, Seventh and
Eighth streets. A
Otner sales OF Importance include the
Following: r. A. Rowan e. CO have
sold for L. Breedlove 5O-foot lot on
Ine east side of Figueroa street. about
zoo teet south of Sixteenth street. The
properly is the southerly portion of lot
o. IN tne Lemmert tract. The purchaser
is j. f. Connell, who has bought the
property for a permanent Investment
Price about $11OOO
II. "A. Rowan & Co. also report the
SAFE OF the property at 423-425 San Pc
arc street, 40X115 feet to alIey. The
seiler was II. G. Heisler and the pur
Gnaser syndicate represented by the
Iltle insurance and Trust connnanv
which has bought the propertv for an
Investment. The lot is well improved
WIN Two two-Story flats, bringing in a
hlgh net income. The purchase price
was $1S,500. ~ -i.e
IL IS reported that Mr. WattIes a
capitalist of Lincoln, Neb has pur-
CHASED ten-acre tract near the Holly-
wood hotel, on which he will erect a
commodlous home to cost $40 900 An
Italian gardener has been engaged to
convert the grounds into an elaborate
Italian garden.
In Sierra Madre w. F.. Hatfield re-
ports two sales, one of the choice COR
ner OF Baldwins and Algeria avenues
IN the Monte Lado tract, to DR.. Page
9roWn OF Los Angeles 1t comprises a
half acre and affords magnificent
site for the $4,000 home the purchaser
expects to erect. Consideration, $4,000
Also villa lot was sold in the Grand
view tract to DIR. Page Brown. for
which he paid $2300
w. b. Merwin & Co. have sold for
j. G. Schaefer to Lawrence HohI the
southwest corner of Washington and
Hoover streets, lot 75xl65 feet. Inn
proved with a two-story frame build
ing. Price, SIS. 600
James Mackel has purchased from
Otto Sweet the ten-room residence at
ll45 south Flower street and lot 50x
155 feet, for $4,000, Mr. MaokeI, who
owns considerable Los Angeles real es-
tate, VIII leave in a few days for a
SiN ulOntHS TOUR III lne east Edwards
Winters conducted negotiations.
j. II. Wyatt has sold to C. w. Brown,
through w. M. Garland & Co, the
property at S07 East Sixth street, lot
2f15xlOO feet consideration $11 6S7 The
lot Is improved with two cottages.
Joseph Braun has recently sold his
l6O-acre ranch i'm La Canada to an
eastern syndicate, which will erect a
santarium. Mr. Braun bought this
ranch some few months ago from Sam
Hall, and it is said that he is selling
the property at a handsome advance.
Melville Dozier jr,, has paid Harry
q. Holabird $13.545 for the property at
6O7 and 6O71s East Sixth street A two
sotry flat building occupies the lot.
w |. Hollingsworth g. Co are the ao-
tive promoters for the extension of the
Seventh street electric car line into the
Boyle Heights district, that has shown
marvellous developments in home
building during the past twelve months.
1t is a business, proposition that should