The Los Angeles Times from Los Angeles, California • 96

tmOay Sames, SUNDAY MORNING. JUNE 10, 1923. PART V. FEAR HINDRANCE TO INVESTMENT Attractive Two-Family Flat Building Close in Small Buy Bargains Quick Action Necessary in Realty Buying I the economy of KNOWING HOW 5 8 I Seventh Street 4 Close to San Pedro St. 33x112 To Alley if Price $15,000 A Sure Money Maker.

Success, IJowever, Based on Careful Analysis 4 2 Opportunities Are as Today as in Past I rf XL llf 'jV rrhli article 4 tt. lilt or eerfee hr Banaid lormer nutnt of th. income pnv-erty department of th. Charle, O. Andrew, Conv-Iianj anil of th.

Frank Mcllne ComDan. Mr Kosembiu has for torn. time nait hn In niaklne an lntenslt. itudy of In coma rropertlai In hoi Antelea. Much of th.

Information contained In that, artlclea ta from a aeries of bulletin, laaued by Mr. Rosenthal for the ealeinen o' th. company. Among aubieou oovered, which will gl torn. Idea of th.

careful analytical natur. of th. atudy. r. "Facta That Pros.

Lot Angelet an Industrial City." "The End of the I Unrestricted Corner Close to Seventh and Hoover 135x103 Price $27,000 This is the Cheapest Unrestricted Corner Suitable for Stores in the Westlake or Wilshire Districts. wjoie, movement or the Retail Shopplni Dlitrtct," -Th. Why of Benth Sireet." "The Next Big Retail "Wher. Lot ABgelei Haa Bar Foundation," "Th. Panama Canal and Ita True Significance to Lew "Hoar th.

Aqueduct Brought Proiparlty la Our City," "Hew to Analyze Income Xnv.aUn.nU la Bul XataUw" WO WHEN the Mayo Organization is to bid on a Hotel or Apartment-House 'every detail of design, financing, planning and the work to be done is carefully gone into by a corps of specialists, each a master in his chosen field. The result of their analysis is laid before Mr. Myo (who, in conference with his department heads, colates this mass of data into a working schedule so exactly and systematically laid out that even working hours are computed, then the problems of the location are considered and solved and now the final cost and delivery date are known. Therefore, When Mayo gives you a price, covering accepted specifications, and names the day on which your building will be open for business you may know this figure is the final cost and in the end the cheapest price you can afford to pay, also, that on or before the day named you will open the doors for business. This "Knowing How" is a lot to Mayo, for it stamps his organization as the best in the field, and it is also worth a tremendous amount to the man or woman who is having the Hotel or Apartment-House built.

We will gladly submit facts and figures to substantiate this. Italian Type Tastefully Handled Mrs. Nellie Barton is building this flat on Scenic street In Hollywood. The plans were prepared by Russell Alpaugh, architects. The hillside location has permitted of freedom in taste In the designing of the flats.

8 LA BONTE RANSOM WILL HANDLE SALES BY BERNARD ROSEXTHAIl Copyright, utt.) In this, the concluding article of the series, there are one or two things I would like to point out, which are so self-evident' as to be practically obvious, yet curiously are most often overlooked by the Investor In real estate, In the first place the thing that keeps us out of many ventures is The prospective Investor Is fearful of losing his Investment, fearful of Information or advice given him. Everyone will recog For Further Particulars See L.J. DURNERIN of poses. There are certain baste fundamentals which must be understood; I have touched on them and outlined them in this series and articles. Once they are mastered, and the mastery is not difficult, the investor can approach his prospective- investment with He will have learned by analysis how to select and how to develop the property he proposes to purchase, so that it may grant him the greatest return on his investment.

A very ancient philosopher is credited with the statement, "Knowledge overcomes fear," and It is the only real basis for considering real estate invest nize the self-evident truth of that W. W. MINES GO. fd Suite 1001 Stock Exchange Bldg. statement.

But they will almost echo it with the question "How are you going to eliminate it" Every great man. at least every successful investor, has found the means of overcoming this natural There is nothing magical 639 South Spring St. Phone 60478 Main 2875 ment. I have talked with old-timers about It: no mystery, especially when one comes to consider investing In real estate for Income pur- lived in Jbos Angeles who have and over a period of many years, they have told me that there are HOLLY SPUING HEIGHTS TRACT TO BE' SOLD BY HOLLYWOOD OFFICE Tt. T.

Tustin, manager of the Hollywood office of the La Bonte and Hansom Company, reports that his company has taken over the sales pf the Holly Spring Heights tract, fronting Odin street between 'Cahuenga and Holly Drive. "The entire tract is now in the process of improvement and not only are all the permanent improvements being made, but the tract is being landscaped as a unit and the lots offered are part of that entirety which gives uniformity to the planting and general scheme of landscape work," he declared. "Several homes are now being built under the direction of the Reed Company and these, also, will be uniform in color and kind. "A Mediterranean scheme of color and architecture has been adopted and the finished houses will be complete, even to the awnings on the roofs and win no good buys today, that the time CHOICEST BUY ON WESTERN is past jvhen extraordinary profits may be made in real estate, and that never again will there bo the 1 "RloV TViiilrlinrP nnnnrtiinities there were "ump teen" years ago. Yet, risht under tViAlr vrv noses.

riKht today. In 1023r vestors are making bigger profits nnrl will continue for some time to make greater profits in Los Angeles real estate than ever the Investor "We can finance your building" Banking references furnished on request. of 20 years ago or. 10 years ago mrnented in his wildest dreams. 4 ill fl.

Rut thM are1 not. maiuiiK mom (in "huncu' Duying. it. done by men and women who have dows, learned how to analyze, appraise and develop their purchases; who from this study have Deen aoie iu forecast, in a measure, future de Ss pi i i ne.eiMM l.eMalMBW' mJlin.iill if 'f lfllll -in ml velopments. In several locations there are i'.

i areas which. Just as logically as two and two are four, vAW show hand some profits to purchasers now, and by that I do not mean profits An Exceptional Investment Western Avenue, Between Sixth and Wilshire. Lot 90x150 two Flat Buildings show an income of about $11,000 per year. Carries mortgage of $70,000, 4 years, 7. Can divide lot and mortgage.

Vacant property In this block held at $1500 foot. Can deliver for short time at a real bargain. Over half In improvement to-be started within a bleek. Don't overlook this. For further details! see MR.

GRANT. in the sense of -waiting years ior them, but profits which may actually; be money L2p rsSSSTia 43: LI KELLS GRANT Cor. Wilshire Blvd. and Western Drexel 0165 669603 within the next ninety days, you contemplate an investment lor income purposes, take the article which appeared In last weeks Times. Study it over carefully and then in light of that study and analyze your proposed investment.

While it is true that article only a summary, still you will.j undoubtedly be surprised at what such a study will show. Never overlook in your analysis that Los Angeles is growing steadily year after year. Records kept by the. Iiiiiiiiiiiiiim nuhlin utilities snow xne rauu growth to be a constant factor. Now, with this in mind, and the fact that more and more peop who are financially able, are making their residence 'at a distance from their point of business, we will note a change in the character of the close-in property.

Ana Is when those transitions are tak-; lng place that opportunities for OBCtl' TO profit aDouna. It means a timiise and an Increase in traffic which may almost overnight convert a residential area Into a business pr6perty. A much-used highway 'passing throiich a district of multiple resi a. dences, but with ground several feel above me street ievi, u'lyo- veloped. A keen buyer comes along, puts a steam snoyei to worn and in few days has made business property out an erstwhile residential lot His action will affect the value of every lot within Where Natures Gi'if-ndeui' Thrills aconsiderablo radius of his prop erty.

The expiration? of building re strictions throws open residences for re-modeling rb multiple family dwellings. the result? A business center adjacent thereto unique! La Canada Hills is the most distinctly different and individual subdivision we have ever offered to the public. We know of no place that compares with it in the sheer beauty of its setting or in the rugged i appeal of the green hill-tops and hill-crests that form its home-sites. becomes a prime hecessity, tor mo multiple family residence wilt exceed in their buying power that of th former occupants. There will be more frequent calls to -the grocer 1 and other neighborhood merchants.

foresightod 'will profit by this Pome will say they ere othors that MINIATURE MOUNTAINS Each hill is, a miniature mountain. There is a startling attraction about them that you feel the moment vmi train pntrv. Tin not assume, however, that these Hollywoodland has been opened for only ten weeks. Approximately $250,000 has already been spent for permanent improvements. ,) 'Approximately 300,000 cubic yards of dirt has been moved.

-V -V; About 200 men are continually employed, i About 120 lot buyers have already expressed their tentions of building immediately. Approximately 7 miles of roads have already been pf by the steam shovels. I i "Vrv' ii 1 vJ Electric gas and water installations for the tract are now. under, way and proceedintf yeiy-rapidly. Paving of the boulevards is to start very shortly? ''( Approximately $825,000 worth of lots have been sold since the opening of the tract.

they had a good "nuncn. out a a. matter. of fact the restrictions werejf public record and it was simpTV necessary to study these changes and be prepared to take advantage of them. Take an area of high ground rlose to the down town district.

What Is Its devtlopment to be? We may learn the answer from the experience of other cities. The human race likes high places for dwellings, preferably with a view and an aVumdnjics of fresh, air that comes from such a AVhat keeps them away? Difficulties in hills are-precipitous or. inaccessible. Excellent roads wind gradually to the crests. '100 The view from these hills is absolutely beyond compare.

mew The group is centered In the heart of the beautiful La Can- Vltvv ada Valley, entirely surrounded by larger hills and mountains. single exception is the pass to the south, where a glimpse the ocean is afforded. This is a source of cool daily breezes. COMPLETE CITY Few subdivisions in this district have been of-' mPDAvrMPNTS fered with all city improvements included in IMPROVLMcHlS the prices even available. Water, gas, electricity and oil and graded streets are included with every home-site this tract; Restrictions of $5000 to $10,000..

TWO BLOCKS La Canada Hills is located just two blocks from transportation. own property becomes more valuable. And bo it goes, up back and forth, and yet when yon come to um the whole up, what 1 it that keens more people from making profitable real estate Investments Just no word tear. They sro afraid to trust their own i A i. Judttment, airaia mai mo iir citv will not continue, ta tad INF tne Business center oi Montrose, ana me l.os ah? fn ahlda by the dictates of geles car line.

Servants, therefore, can be main- their own Judgment even after they tained here. have roado a stuay. vwion every urt nn4 everr flKure. every graph EASY TO BUY: $2,000 'Per 'Home-site i and up TERMS Wateri electricity, gas and improved streets are included in price. .7 EASY, TO REACH i This tract Is on Vtrdugo Road, Just two blocks to the east of Montrote.

Vcrdugo Road may reached by way of San Fernando Road, or through Glendale. It's about one-half -hour's drive from Los Angeles. Lots are priced at $2000 and up tf you jseek a different homeelte, do hot fall to be at the opening 8unday and enooM from the limited number which wa have to offer. and every ehart all point to rther growth and gratoi- Uevelopmenl for our chosen city. paraphrasa an old ion, "He rn-hA hCHltalei not lost." Happily to Si hlntory "repeat Usclf and 'while you innV pans an opportunity today, he asHurcit that there will be othera tomorrow.

But don't expert too many tomorrows. Chooiae a realtor, one who you run have complete confidence in and him aid yon In making your own uttidles. You will find It the most fascinating and the most profitable time you have ever spent. For the future of Lot Angeles is as safely assured aa the future of the United States of America. Owner's Representatives Main Office: Third Floor, Sun 7th and Hill Sta.

Los Angeles Phone 606-35 tuff and Shoults) VYUJ HJ Office atiW property 26 90 North Beachtwood DiiVe, Phones jtolly woou Wt-'t nonywooa uuo-i i.