Los Angeles herald., 1907-10-06
CALL FOR HOUSES
CONTINUES LIVELY
SOUTHWEST TRACT WILL HAVE
$50 HOUSES
Summer Call Was So Heavy That Cot
tages Were Sold Faster Than
They Could Be
Finished

"A most lively condition of the realty
market as regards particularly the de-
mand for new cottages and bungalows Is
evidenced by the report the Los An
geles Investment Co., of S37 South Hill
street.
This company rerports that the demadn
upon them for the new homes that they
have been constantly building upon their
Elder Place No. 2 at 39th and 10th streets
and Long Beach avenue, and upon their
new Southwest Tract at 48th street and
Gramercy and Wilton Place and Arlington
avenue is very heavy and greatly on the
tincrc lse as the season advances
They report that since the early sum-
mer sea5on, which is usually under nor
NAL conditions rather quiet, they have
completed more than 80 modern homes on
these two tracts, expecting that these. or
at least part of them, would be on
hand to- meet the fall demand. They
report that their summer demand was so
unusually heavy that they have sold
these cottages and bungalows faster than
they could complete them, many being
sold from the plans before the buildings
were started.
BESIDES all of these completed and
sold, the company reports that they have
ow under construction Qn these two
tracts and outside where they are build
ing upon owners lots) fifty-five houses OF
different sizes, all of which except three
are already sold, most of them being
sold under their usual plan small cash
payment, balance monthly including in
terest.
The company reports that the demand
for homes in their Southwest Tract is
greater thar that of any tract they have
built up. The demand is so great that
they have found it necessary to greatly
increase their regular working force.
They now have about 200 men under em-
ployment. In their Southwest Tract, the
company intends to build 45O houses. To
facilitate their building they have estab-
lished a large lumber yard and planning
mill upor the tract. They have already
received four cargoes of over 200 carloads
of lumber direct from the north.
Southwest Tract
The general work of improvement Is
being pushed and when completed this
tract will be one of the most slightly and
choicest in the city. In the improve
ment and building UP of this tract, many
novel and original ideas will be carried
out. For the present. the company is
building upon every other lot only giving
to each purchaser of a home the free
use of the adjoining vacant lot for
about two years with first chance to buy
this lot at prevailing price at time OF
purchase. A series of small parks is to
be established, being planted to shrub
berry, flowers, etc.
The tract is to have sewer, gas. electric
lights, city water, mains now being put
in, cement sidewalks, curbings. petrolithic
paved streets. shade trees and palms.
etc. Lawns are to be put in by the COM
pan The company will not sell a lot p
anyone unless a house is to be erected
upon 1t to conform to the tract restric-
tions.
Among the very recent purchasers in
this tract are w. R. Freeman. .S-roorl cot
tage. AIT Gramercy Place. $500; ]. w.
Beeson, 7-room cottage, 47O6 Gramercy
Place, $3400; w IN. Robirds, 6-room cot
| tage. 1922 Gramercy Place. $S4oO; Or. Ray
mond Mathis, Groom bungalow, $4,000;
Mrs. Caroline Curran, 7-room cottage.
$4,000: c. H. Joseph, 6-room bungalow,
9Th and Wilton Place, $500; Mrs. L. M.
| Ruggles, S-room cottage, All Gramercy
Plat :, $3500; w. A. Bean, 5-room cottage.
441S Gramercy Place, s2Soe: Mrs. Alma
Glassell, broom cottage, 4524 Gramercy
Place, $500; Frs. L. A. Ruggles. 5-room
cottage, 4617 Gramercy Place, $4,000; G. r.
Conilin, Groom cottage, 49th and Gram
ercy Place. $4,000.
The company also reports the sale on
Wednesday of a new 10-room house IN
Elder Place No. /, 1853 ID 22d street, to
Mr.. Arthur J. Nordquist. price $500 and
the following recent sales in Elder Place
No. 2: Mrs. Lola Weaver, groom cot
tage. 1914 e. 40th street. price $2650 VIM
G. Watkins, broom cottage, 1852 +. 10Th
street, price $3.50; Mrs. Jessie Mclean. .
| room cottage, 1854 b. Ssth street, price
$1,000: Samuel r. Heffley, broom cottage,
1885 %. 4Oth street, price $27oO; George
Bentley, broom cottage 1881 ID Utn
ctreet, $2700. All OF the above purchases
were made for homes and not for specu-
lation The company does all OF Its own
work, lets no outside contracts, draws an
plans and specifications. and gives eacn
bailoing personal inspection and superv'-
sion.