Los Angeles herald., 1909-12-19
VALUES GROW
FOR FRONTAGE
ON BROADWAY
ADVANCE OF $500 A FOOT IN
BUSINESS DISTRICT
INVESTORS ACTIVE AND MONEY
EASIER
Increased Demand for Homes and
Better Facilities for Handling
All Lines of Commodities
by Jobbers

nHE Los Angeles realty market
showed marked Improvement
n during the past week, frontage
for business blocks on South Broad
way going at more than $1,000 a front
foot being an advance Of 500 or more
for similar holdings asked a few
months ago. On Spring street, above
Second, along East Third street, and
farther down on other busy thorough
fares in the Industrial, wholesale and
jobbing sections east of Main street,
active inquiry is reported for 'front.'
age anywhere along the streets from
Los Angeles to Central avenue. espe-
cially where switching facilities are
provided or can be secured. This in
dicates effectively that there is greatly
increased demand for commodities Of
every description, that more home and
branch houses are springing into ex-
istence, and that Los Angeles and
towns in Southern California are grow
ing steadily. With the increase of
population comes the demand for sup
plies, and wholesalers and jobbers are
the first with the realty operators and
the bankers, to feel the advance in
COHiiHeItidl anu luuuSAAIdl dCNSAOp-
ment. Just now these factors in the
business affairs of Los Angeles have
little spare time at their disposal to
chat about the beauty of the sur
rounding country or to confer on any
thing which does not make noise like
the coin of the realm.
Money Is Easier
Apparently most Of the deals are
Gh ei Il fs ion attf
where funds are required it seems
that on first mortgage propositions it
is an easy matter to secure satisfaC-
tory accommodations. Local capital
lists have an abiding confidence in the
certainty of Greater Los Angeles.
Ground for this faith has existed for
many years, but never stronger than
at present, with the great development
enterprises now in progress, the com
ing of pure mountain water through
the Owens river aqueduct, the gigantic
improvements planned for the further
Improvement Of the Los Angeles har-
bar at san Pedro the completion Of
the good roads for, the county and the
early completion of the Panama canal,
by which Los Angeles and the entire
Pacific coast region will be brought
in closest touch with the Atlantic sea-
board.
Los Angeles investors, bankers and
merchants have for several years been
preparing for the greater rush Of bust
ness in all lines, and the end is not
yet. Note the sky clearing business
and office buildings which adorn the
commercial thOroughfares of the city.
Then have a look at the wholesale and
jobbing section, the many flourish ng
industrial enterprises and the stretches
of beautiful homes which reach from
the foothills to the sea. Even during
the recent financial depression realty
values held firm in Los Angeles while
home building went ahead steadily, to
provide shelter for thousands who had
elected to reside In our charming city.
Just Few Leading Sales
one of the principal deals in bust
ness frontage during the past week
was the sale of a vacant lot, 53.3S by
street, opposite the entrance to the
Hamburger department store on South
Broadway at a valuation of STAG, ,825,
or at exactly $3.50 a front foot, The
purchaser was Edwin j. Grant, who
acquired the lot from the Ham burger
Realty and Trust company, through
the agency Of r. A. Rowan & Co,
which firm received instructions from
the purchaser to secure a tenant for
AllG liAtN1All bATlllN1S hlDNh llI N III u tt l
i'm the near future The price paid for
this lot is considerably in advance Of
what was asked for the frontage a few
months ago, and is positive indication
of the substantial increase In values
along Broadway.
Through r. A. Rowan & Co the
handsome residence property Of Mrs.
Fe Burbank Sabichi, located at 17n
Westmorelaud boulevard, has been
.
turned from an extended trip abroad,
The cash consideration was $2S, ,O0U
The property, which is i'm one of tn,
most fashionable sections of the city
commands a fine view of the noun
tains and the valley. The lot Is 70 hy
1922 feet. and IS surrounded with au
old English brick wall, and is further
beautiticd With 20 sunker garden and
rare tropical plants. A eomplet
garage is another feature of tho
premises.
The Warman apartments at g34 West
Sixth street have been sold for $50 00.
by George W Kitchen to Mrs. w
Boyer. The lot is 30 by 100 feet, and
the structure, which is a three-story
plastered exterior building contains
sixty-tWo rooms. The house is LEASED
at $40O a month. r, w. Bartele Ar
thur Jones and r. j. Widney nego-
IldleQ Iile SAFE.
The Hotel RcdOndo company of Los
Angeles has purchased the Hotel Re
dondo and furniture and the grounds
embracing a ive-aCre park. The con-
sideration is stated to have been S17J,-
00O
j. Harvey Mccarthy has purchased
for the Pioneer Investment and Trust
company from Mrs Julia c. Ivers,
through the agency of r. \. Rowan
& Co., forty-fVo feet on the east side
of Grand avenue, about 40 feet south
of Seventh street for a consideration
of $500 The price paid is nearly
$3.50 per front foot, and sets a new
high record for property in this yicln-
ity The buyers win ut once improve
with a brick building to cost in the
neighborhood of $1,000.
Through the agency OF Mines & Far
ish Mrs. c. NJ Parker has purchased
from A. L. Hill the beautiful residence
at the southeast corner of Wilsnlre
boulevard and Westmoraland place.
The lot is 150 by $50 feet and Is I'M
proved with a twO-story ten-room resi-
dence. The consideration reported is
$35 000
He Takes Notice
she-Do you take any interest in the
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