Los Angeles herald., 1907-07-28
FIRM TONE
IN REALTY
MANY BIG BLOCKS ARE ABOUT
COMPLETED
BUSINESS GROWTH CALLS FoE
MORE SPACE
Enlargement of the Commercial Terri
tory by Increase In Population
of Los Angeles-Values
Are Steady

The industrial and business activity
that has prevailed in Los Angeles during
the so-called dull season of the summer
period is the best evidence of the growth
of the southern metropolis. and with the
many big enterprises now under way
and those of still larger proportions
projected give the investing and home
people still greater faith in the bright
future of the city. Many of the ten
story buildings started a year ago are
now about completed and commercial
firms are making preparations to take
possession. The shifting of the business
center to the southwark along Spring
street and Broadway will not affect the
old sections that are firmly entrenched.
The truth is that Los Angeles is growing
so rapidly in the line of commerce that
q larger and increased number of busi-
ness buildings are required to accom-
modate the public. The new skyscrapers
simply enlarge the scope of the business
district and provide modern conveniences
and more attractive shopping places.
Scores of the old buildings are being
rearranged to meet the demands of
tenants.
In the real estate market conditions
are improving steadily. There has been
no slump in values in any direction, as
owners have held successfully to prices
prevailing during the winter season, and
with Improvement in the financial af-
fairs of the country it is confidently
expected that in the near future there
will be ushered in an era of activity
in realty transactions such as has never
before been experienced in Los Angeles.
Principal Deals of the Week
Several important transfers of property
were recorded during the past week.
The Title Insurance and Trust COM
pany sold TO Philip L. Wilson of the
STANDARDIZATION company, through
the agency of Black Bros, a vacant lot
at the northwest corner of Seventh and
Flower streets, fronting 621A feet on
Seventh street by 115 feet on Flower
for $125,OOO which is at the rate of $1,000
per front foot.
1t is the intention of the purchaser
to substantially improve the property
Several prospective tenants are said to
be negotiating for space in the building
to be erected on the lot.
Another deal of note was the sale of
the Bixel apartment house at 616-61S
Bixel street by Frank Mortimer to Fred
erick and Rosa Eichenhofer for $65, ,000
The lot is 5Ox165 feet in size, and the
building is a four-story and basement
brick and plaster structure, containing
167 rooms. The property is rented for
a term of five years for $1,000 year.
Z. II. HorSford & Co. report the sale
of the southeast corner of East Second
and San Pedro streets by Frederick and
Rosa Eichenhofer to L. A. Dreisbach for
$4,000. This lot is 125x150 feet and is
improved with a one-story brick ware
house.
G. B. Lewis has sold to T. v. Sheridan
the property at 1922 Girard street for
$5000 The lot is 50x15O feet in size, and
is improved with a six-room house.
j. G. Warield to a local investor the
property at $50 Long Beach avenue, in
the industrial district, consisting of a
lot 4Ox130 feet, improved with a six-room
house, $4,000. Bought for investment
Thomas j. Stephen to Annie Duren and
Eta A. Rumney, the property at 1924
West Fortieth street, consisting of a
lot 65x130 feet, improved with a six-room
house, $4,000. Bought for a home.
Clara L. Price has sold to e. E. Gran
dali, through the agency of H. w. Mar
shall & Co., the property at 1868 West
Twenty-fifth street for $1,000. The lot is
75x125 feet in size, improved with an
eight-room house. Mr.. Crandall bought
for home and will make extensive i'm
provements on the property.