Los Angeles herald., 1907-01-20
TOP RECORD DEAL
IN LOCAL REALTY
AGENTS WAITING TO HEAR
FROM Mr.. HUNTINGTON
Property Owners on South Main and
Hill Streets Advance Values of
rontage-Actlve Investors
In the Field

The midweek announcement that a
syndicate of investors, represented by
Julius II. Black and r. A. Rowan &
Co, had offered Henry E. Huntington
$2,5OO,OO0 for the property on South
Main street, known as the Childs es-
tate was the possible deal of chief
interest in the realty field. If the deal
Is put through IL will be the record
in Los Angeles as the highest price
paid for the transfer of one piece of
property.
The property comprises eight acres,
q tract for which Mr. Huntington paid
$25O,OOO about six years ago, when with
out 1t he could not have secured right
of way for his street railway lines
in that neighborhood. The frontage
on Main street is ZOO feet, on Hill
street about 800 feet and on Eleventh
and Twelfth streets 603 feet, the only
Improvement being large frame
structure known as the Huntington
School for Young Ladies'"
The realty agents identified with the
deal are said to be still waiting to
hear from Mr.. Huntington, who is in
New York. The agents state that they
have nothing to say at present, but
viii give the public all of the details
as to names of those comprising the
syndicate and the plans for the use
of the big block. The suggestion made
that the block might be used as the
site for large passenger station by
the Hartman Los Angeles Pacific
electric system has attracted some at
tention, but there is no confirmation
siders that the property is right in
line for the further expansion of the
business section of the city, and that
the frontage now is in pressing de-
mand by retail merchants.
Those who own frontage in the neigh
borhood of the block are in great glee,
and continue to figure on increased
profits they will place to their credit
in the banks when the block is sub
divided for business purposes.
Bunch of Good Sales
1t is significant that the principal
sales of the past week have been be-
low Sixth street along Main, Hill and
neighboring streets.
Gustave Brenner of San Francisco
has paid $4,000 spot cash for lot of
the Flatiron tract, situated between
Eighth and Ninth streets, fronting
thirty feet on Spring street and thirty
one feet on Main street, with an aver
age depth of forty-seven feet. Mr.
'Brenner, who is a wholesale merchant
of San Francisco, bought this prop
erty as permanent investment and
states that he would not part with il
at any price, believing ultimately that
the Flatiron block will be to Los An
geles much the same as Herald square
is to New York. The transaction was
made through the agency of r. A
Rowan & Co.
The above agency sold to j. Preese
a lot on Grand avenue, 10 feet south
of Seventh, for $500 The property
has a frontage of ninety feet on Grand
avenue and runs back 100 feet.
W. M. Garland & Co. report the sale
of 90X125 feet on the west side of
Maple avenue. between East Sixth and
East Seventh streets, for j. w. Wilkin-
son to r. G. Beebe, for $4,000. This
property was sold about December 10
by r. F. Vogel to Wilkinson, repre-
senting a syndicate, for $4,000.
S. G. Lehmer, o. N. Bryant and A.
A. Heltman have sold to S. N. butcher
the property known as the Parodia
apartments, at 944 West Sixth street,
for $4,000 The lot is 53x120 feet in
size and is improved with a three
story frame building adapted to the
use of twenty-four families. The sale
was made through the agency of A. r.
Chaplin.
Mrs. Clara M. Hardaway has sold to
]. Tanner, through the agency of the
Burck-GWynn company, 120 feet of
frontage in the Wiltshire Place tract,
inlploNeu VIII a. Ht.iiu a e"o-S'oi }
residence, for 100000. The property
consists of two 60-foot lots, one of
which, No 16, has been turned over
by the Burck- -Gwynn company three
times in the last ninety days.
Wright Is Calender company report
the sale of the southeast corner of
Ninth and Hill streets for Meyer Liss-
ner to local syndicate for $685. 900.
The lot has frontage of 80 feet on
Hill and extends back 1853 feet on Ninth
to an alley, so that the consideration
was at the rate of $236O a front foot
Eliza o. Allen has sold to a syndi-
cate of local investors, through Otto
Weld and w. A. Roberts, the north
east corner of Hill and Seventh streets
for $65,0O0. The property is 130X102 feet
in size and is improved with two
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