Los Angeles herald., 1908-04-12
REAL ESTATE IS
GAINING GROUND
VISITORS MARVEL AT ClTY'S
QUICK RECOVERY
NEW STRUCTURES BEING BUILT
IN ALL SECTIONS
Sales Are Most Observation-Disclosures
ton of Aqueduct Is Planned
Water Front Improvements
at San Pedro

Persons visiting Los Angeles are i'm
pressed above all else with the re-
markable manner in which business
has recovered from the depressions OF d
fev months ago, this while other cit
les have scarcely commenced to rally
During the week just closed there was
a most healthy amount of building III
progress in the business section ana
throughout the residence districts Mill
lions of dollars are represented by TINS
1roeress and the architects have IN the
course of preparation work representing
an equal amount, if not more.
To those who study business condl-
tions is presented the common decision
that activity has been restored much
sooner than could have been predlcted
last fall by the most hopeful citizen.
The sales now being made are of
most substantial nature. There is MOTH
ing of the booming spirit in them. Inc
purchasers are men and women WISH
ing to establish homes or VINO are
looking to good investments Whlcn VIII
net ample profit.
There is a steady increase in realty
values. Property which sold three
months ago at one price can be sold
today at from 10 to 20 per cent profit.
When money was tight numerous in
Vestments were made in good hold
ings, the owners being in need of cash.
These investments are being turned To-
day to good advantage, and in a num-
Der of cases principal has been doubled.
To see an opportunity and grasp it
= in time seems to be the basis of sue
cess in Los Angeles. The spirit mani
tested here pervades the air, so that all
no visit the city must have become
imbued. Travellers from everywhere
make investments. These come for
pleasure, health or rest, all of which
they get in heaping measure: but the
spirit of opportunity compels them to
seek further, with the result that out
of the thousands that come fair pro-
oprtion make investments in real es-
tate.
Home=BuiIding Year
While there are a number of large
buildings under way and as many
more being projected, it is generally |
believed that this will be a home |
building year. Activity prevails
throughout every residence section and
in every suburb and neighboring town.
The reduced price of lumber has been
a strong incentive to build Those who
had planned to erect their homes later
have reconsidered in favor of the pres
ent, so as to reap the benefit of cheap
posed home there is a corresponding
lot purchase Realty men report bust
ness as most gratifying. Sales have
been numerous and prospects are prom
Using.
One of the greatest engineering enter
prises of Southern California is about
to be accomplished in the construction
of the Jawbone section of the Los An
geles-Owens river aqueduct, plans and
specifications for which are now ready.
The Jawbone section is twenty-three
miles long and a difficult engineering
problem. One of the features will be
a huge inverted syphon across the cam
yon. The cost of this undertaking will
be $3,000,000. The building of this aque-
duct will be of great benefit to real
estate.
Another enterprise which will event
ually result in unlimited good to South
ern California is the water front inn
provement at San Pedro. julius Krutt-
schmitt of the Southern Pacific direc-
torate, in a recent interview said:
Finest Slip on Coast
1.-THE new slip when completed will
be the finest thing of the kind on the
Pacific coast. 1 know of none other
that will equal it.
1T is 1900 feet long, giving us $500
feet of frontage, counting both sides,
with a depth of 80 feet, sufficient to
float the largest vessels. Half of it
will be ready for use within the next
ten days. 1t will be sufficient to hold
at one time twelve or fourteen ships of
the size of the lumber vessels that now
come to San Pedro.
1--WE have already spent a great
amount of money at San Pedro, but
judging from the way commerce here
is growing we will have use for all
of our facilities.
ut may be news that what we have
done thus far is only about a third
of the improvements we have mapped
out for San Pedro. Where those lum-
Der yards are now occupying our
ground we have plans all drawn for
additional slips and docks. Just, how
soon they will be built I cannot say
for it depends altogether on the growth
of commerce and the demand for them
However, at the rate this western
country has been growing in the last
fifteen years that / have been ac-
quainted with it, I shall be surprised
at nothing. Great as it already is,
Southern California is only fairly
started on it's development l am pre-
pared for anything out here. see no
reason why San Pedro should not be-
~eome one of the great harbors of the
country. That is why we have planned
the improvements here which we have
in mind. This first dock is the largest
we expect to build. but it is only a
part of the very large terminal we
have mapped out.
Last season we handled daily an
average of from sixty to eighty cars of
freight out of San Pedro and 1t is in
creasing at a great rate, and we want
to be prepared to handle it right"
Hawthorne Acres Sales
Ellis & Church report the following
LIST OF rIIrch sers In the HaHuthnr1nn