Los Angeles herald., 1907-07-21
ALL VALUES
REMAIN FIRM
TONE OF THE REALTY MARKET
Is GOOD
MAJ. GEN. cHAFFEE SELECTS A
FINE HOME
Reported Sale Of 5000 Acres In River
side County for S15o,ooo-Aeen-
cIes Predict Lively Fall
Business

Values of business frontage and real
estate generally remain firm in Los An
geles with agencies frmer In the belief
that conditions that have prevailed for
several months will be greatly improved
with the wane of the midsummer season
While no very large transactions were
closed during the past week quite bunch
of transfers are reported, chiefly in inn
proved residence property and In the sales
of lots for home sites in attractive addl-
tions. The market generally Is regarded
as in fine shape. 1t Is expected that
money will be much easier shortly, when
negotiations pending for bid deals in CEN
trail business frontage will be closed. One
realty firm stated Saturday that they had
deal amounting to several hundred
thousands of dollars on their books, AMI
that other agencies We're waiting on pat
rons for funds to close other important
deals.
Gen. Chaffee's Purchase
Maj. Gen. Adna r. Chaffee, former com"
mander of the United States army has
finally selected home in Los Angeles. He
has purchased the R. II. Edwards place at
1887 Magnolia avenue in the Westmoreland
OlSlTlct, tne COnSlQeratlOn DelnB Sli0DU.
The lot is 65x150 feet improved with sub
stantial dwelling of twelve large rooms,
broad verandas. with granite columns, i'm
posing entrance of oak, marble and tile
floor. The mansion is finished throughout
In elaborate style. Gen. Chaffee and
family will take possession in the fall.
William Kafitz has sold to William f.
Nittel, through the agency of H. r. Cowan
d Co, the southwest corner of Pico and
Catalina streets for reported consdera-
tion of S36,500 the lot has a frontage of
sixty feet and a depth of 40 feet. 1t is
Improved with a two-story brick building
containing three stores on the ground floor
and apartments above. The building was
erected two years ago at a cost of about
$lS,50O, and is said to return a rental in
come of s24O a month.
One of the carly transactions reported
during the past week was the sale of the
northwest corner of Ninth and Flower
streets by j. w McAllister to the Union
Trust and Realty company for a consider
alton of $4,000. The lot has frontage of
ninety feet on Ninth street and 1874 feet on
Flower
Miss Alice Gastron has executed lease
to the Western Motor Car company of
lot on the west side of Olive street, be-
tween Seventh and Eigth, for a term of
five years for $4,000. The lot is S5x165 feet
- SA-N' II 10 ottlu lllt leTlIlS OI Ine lease
provide for the erection of brick garage
on the lot.
Cornelius Wimberley has sold to DR..
Horace Heath the lot. 201x190 feet on the
southwest corner of West Washington and
La Sale street; consideration, $1O5OO No
improvements.
Six thousand acres of the Lakeview
colony in Riverside county are reported
TO have been purchased by the Nuevo
Land company, recently organized. The
purchase price was $150,OO0
Susan c and S. NJ. Goodwin have sold
the four-tiat building at I'LL and 1113b
West Washington street to George Tru-
schel for $4,000. The lot is 5Ox176 feet In
part payment the Goodwins take five acres
OF land at the southeast corner of Ninth
and streets, Glendale, improved with
nlne-room house, al a valuation of $4,000,
and vacant lot on the north side of
Washington street 16O feet west of Fran
cisquito avenue, 5Ox14o feet in size, for
$1,000