The Los Angeles Times du lieu suivant : Los Angeles, California • 125

Hos SngelcSpimOatj (Times. DECEMBER 2, 1923. PART V. 3 SUNDAY MORNING. CITY LEADS IN REALTY DEALS Follows Architecture of Old Nuremberg Wilshire-Western Buys SELECTED PROPERTIES OF REAL MERIT We hav carefully combed a selected district from Figueroa to La Brea and Adams to Hollywood Blvd.

for cholctst buy for the investor and offer our findings and long experience to the buyer to assist him In purchasing. National Survey Com plcted by Realty Association Rents Are Being Stabilized at Present Levels 1 WWJ'- Movement Toicard Suburbs in Larger Cities Gains Western Ave. Brick Stores Choice Corner: ISO.OOO. SOxUS, howin fln Incom. Price on Weitera dvneUig ery f.

Wilshire Blvd. Corners: VT h.vn of th eholewn orncra en th wotiiWrul trt bi-tween Wtitlnke Prk and La Brea. ua first tor buya en Whtr, we know every fnn( ot It. 111 'Emhp ii lit fegfe4iplC-7 4 Los Angeles tops the principal cities of the United States in gains shown over last year in real estate transfers and conveyances, with an Increase for the firBt nine months of 46 per cent, according to a survey Just received by the Los Angelea Realty Board concerning conditions generally throughout the United States and Canada Just completed by the National Association of Real Estate Boards. The reports from every corner of the continent Indicate, according to local realtors, that the American real estate market, conservative index of American business conditions, has been more active during Wilton Apartments Income $23,500 Net 27 single apartments, nicely furnished and all rented.

Corner lot 59x183. 12 garages. Lot adjoining 50x185 is included in the price of $155,000. This lot is easily valued at $25,000, with a wonder-, ul speculative future. Including the extra lot the income shows 15 NET on the entire price.

Mr. Taylor. Western Ave. 60x150, Right at 6th We eaa deliver thla white diamond below anj-thlnf within 1 blocka of It. Pico Street Corner, 150x75 Fine bualnrm corner eloe Hoorer.

vlitn tbln'irn Cn dxllrer at 400 prr foot. Ripe for Immediate Iniprx. rnotits. Loon tUia aver; It's a real buy. Brick Stores Corner 160x75: 1 (tor new bulldlnr.

near Weatern en one of the main cro etreetn. 11 ahow )to tn 116.009 per year on craduated leaaea. Price for quick action. IJO.000. rVtMire Apt.

House. Fine Cor. near Western: JS.OO0. one-half eaab. One the beet buya la a de lux apt.

In W1J-enlr district. KELLS GRANT Cor; Wilshire Blvd. and Western 569-603 Drexel 0165 Residence for Mrs. E. L.

Reese To be erected in Hollywoodland. Extensive use will be made in the exterior finish of native stone, with interesting effects in plaster. The house will contain nine rooms. Otto II. Heher and II.

Hasenburger are the architects. the season Just coming to a close than during any other season In the business history of this nation, and Los Angeles has been more active proportionately than any of the other large cities of America, The rent situation nationally, as it now is and as its outlook Indicates, the national housing situation, the building situation, with its Important relationship to all business activity, the labor situation with which it is knit, the present marked suburban movement in the Western Ave. at 10th St 766-931 NEW SUBDIVISIONS APPROVED Sixty Tracts Considered by Subdivisions Committee Sets New High Record for Single Week; Majority Are Passed growth of American cities, and the money supply for financing real estate development of all kinds are reported on at first hand through the center of the tract. 7789. A new subdivision lying east of Dunlay Drive at Glen Airy Wsy.

approved. 7622. A new subdivision lying on both sides of Laurel Canyon Road at Hollywood Terrace, approved. 7g67. Approved on condition of complete dedication of Sherman Way and on the further condition that a street be provided through the center of the tract 7823.

Approved on condition that Exposition Boulevard be made fifty feet in width. 7806. 7561. Approved. 7318.

Approved. from every section of the United Unusual Opportunities With a total of sixty maps considered by the City Planning Commission during the past south of Chenault avenue and west of Barrington street, approved. 7808. Approved on condition that Tulare street be made the owner's share of a future 100-foot street, and that an additional street be provided approximately week, a new record in subdivision activity for a seven-day period has been established. The previous high record for a single week was fifty-three.

The majority of the tracts considered during the past week were approved, either outright or conditional. A large number of the maps presented were for properties located in the San Fernando Valley. Following is, in part, the report of the subdivisions committee: 7258 Approved unon condition Ayres West Center Do You Know That Ia Antrim I the ninth city ra the country la wealth ftnrt la growta ef bank clearing THIS IM O.M.V ONE of many reaaon which ce ta make the pnrrhaeft bualnee and Income property TUB BSX USTUKMON EARTH. Specially Selected Bargains of Real Merit WESTERN AVENUE CORNER llOxUO ft. Lowest priced lurfe corner on the Avenue.

North of Pverlr Blvd. Plan for hi building activity In thla district make thla corner most attrautlve at the price of lM per font. WESTERN AVENUE JUST NORTH OF WILSHIRE BOULEVARD Unimproved lot 0xt5 west elde of Westers Ave. Ripe for Immediate Improvement Price 165,000. one-half cash, WESTERN AVENUE UNIMPROVED AT FIRST ST.

100x131 ft. An excellent Investment 1800 per foot. Should aooa reach 1000 per font. 140.000 ceah will handle. HOLLYWOOD BUSINESS CORNER 12S ft.

of business property on busy thoroughfares. Can ba bonpht for 1135 per fnnt on eaev term thla week. BUSINESS CORNER ON MELROSE Just off Western Ave. Present Improvements ahow Income of fl4S per month. 13S ft.

business Work on new car line haa been started and will make Melrose and Western Ave, tranafer corner of real eonaa-quence. WILSHIRE 4-FLAT Fach flat Contain six room and two baths. On a lart corner lot near Third and Western Ave. Shows exceptional Income and haa unasu.al speculative possibilities. Priced rltrht.

FOR LEASE 36-UNIT BUNGALOW COURT New, completely furnished and fully rented, i Income over 131,000 per year. Owner must leave the city and will lease on exceptional terms. Close to Ambassador Reasonable amount of cash will handle. FOR BARGAINS IN EXCEPTIONAL HOMES we hav exclusive listinf which we would be glad to submit for your approval. that ten feet be added to Pico Business fronts $1600 and up Residence Lots $1500 up Advances Soon SNIKMAW A j- nevinLYv Jl CLOSE-IN APARTMENT SITEFine big lot, 75x149, just 2 blocks west of Figueroa, in highest class rental section; 5 minutes' walk downtown.

Ripe for immediate improvement with class hotel-apartment. Owner needs money will accept $400 a foot if sold immediately; Va cash. PICO ST. We have 2 excellent buys in large corners stragetically located on this "backbone of Los Angeles;" new million-dollar theater and other business development being rushed to completion in immediate vicinity. These underpriced corners will interest tho careful investor.

The future profit is sure, and immediate improvement will pay handsome return. ORANGE ST. The future Wilshire Blvd. downtown extension. The wisest investors in the country are buying on this thoroughfare.

We are exclusive agents for a 3-frontage corner, just west of Figueroa, which will resell in the near future at a big increase let us show you. MELROSE AVE. We recommend investment on this street, for those interested in outlying business property. The car line extension and widening of the street assure substantial profits for the canny investor. We have three fine corners, just west of Western, that we believe to be the best buys on the street, after a careful survey.

n. ie(S ANGELES i. Boulevard. 7887 Approved with amendments as shown in yellow on map. 7827 A new subdivision lying south of Devonshire street and west of Saugus avenue approved conditionally.

7826 A new subdivision lying east of North Sherman Way and north of Mulholland street, approved. 7708 A new subdivision lying north of Sherman Way and east of Whitsett street, tentatively approved. 7784 Tentatively approved. 6598 A new subdivision lying outside of the city of Los Angeles, south of Central avenue and east of Normandie avenue, 'ayres SANTA MONlCmX fS WEST CtN 1 LK states. Findings of the survey, constituting a careful barometric reading for a basic section of American business, activity, are based on reports of constituent real estate boards in 240 cities.

Approaching stabilization of several of the factors that underlie the present unprecedented national real estate activity is indicated, the survey finds, while it is impossible to predict with certainty the course the market will take in 1924, the situation at present seems to point to a continuation of present activity, and there are some indications that 1924 will surpass the present banner year, the summary states. FINDINGS OF SURVEY Indications found of Interest to renters, property owners. Investors, builders and to students of the general business trend, are as follows: (1.) Mjpre transfers of real property were recorded and more buildings were erected during the first nine months of 1923 than during the same period of any year in the history of the American continent. (2.) Rents have increased largely, the country over, both for business and for residential property, but in general they are becoming stabilized at the present levels. Residential rentals show the stabilizing tendency more strongly than business rentals.

The situation is more favorable toward stabilization in cities of over population, 72 per. cent of which report residential rents eta-tionkry. 3.) Rents are following the course of the cost of building. While according to the most authentic index of living costs rents are now 25 points higher than other commodities, present rents are low compared with the cost of construction. Before rents decrease perceptibly there must be a decrease in the eost of building.

(4.) Great Inroads are being made in the national building shortage which was so pronounced after the war. Shortage Is most acute apparently in the East and Far West. There is prevalent throughout the reports the impression that the supply -of housing accommodations and business structures is about to reach a state of equilibrium between supply and demand. SMALL HOUSES WANTED (5.) The greatest demand at the present time in the real estate market is for small single-family dwellings. Sixty-eight per cent of the cities reporting indicate a shortage here, whereas only 64 per cent report a shortage in apartment houses.

Only 43 per cent report a shortage in business structures. (6.) Amount and value of building construction has been extraordinary, makins it safe to as THORTLI A BEAUTIFUL HOME Situated in one of the finest Wil approved conditionally. 7754 A new subdivision lvlng in the vicinity of Devonshire street and De Soto avenue, approved con-1 ditionally. 7662 A new subdivision lying south of Echo street and west of-Avenue 62, reconsidered and ap-i proved. 7889 A new subdivision lying! south, of Valley Vista Terrace and west of Alvin avenue, approved conditionally.

i 4951 Reconsidered and ap-' proved. 7738 A new subdivision lying1 south of Parkdale avenue and west of Buejl street, approved condi-j tionally. Tract westerly of Buell street and south of Parkdale avenuo, approved. 7393 A IIPW BIli4(volnn 403-405 S. WESTERN AVE.

Members L. A. Realty Board MD44S Phone 364ISi OCEAN PAHKA Ayres' West Center has a real future because Fico Boulevard from Santa Fe Avenue to the sea is the backbone of Los Angeles, and the Preuss Road and La Cienega crossings carrying the traffic between the north side centers and the south side centers are at two corners of the tract. It receives the pressure and concentration of traffic and development at this most strategic point in the whole 15 miles of Los Angeles' grand march to the sea. It is being sold at bottom first-hand prices so that you will reap the great growth in values yourself.

It is a splendid home location and a great future business center. You can have a home here and grow up with the certain growth in values. Bus Service to Pico Street Cars. Courtesies to Agents Frank H. Ayres 214 New Pantages Theater Bldg.

Met. 2194. Tract Office: Pico and Preuss Road Also Martyn Waters, Agents, End Pico Car Line shire residential sections; 8 large rooms, including 4 bedrooms and 3 baths. It is the last word in modern construction, and a bargain at $25,000. It compares with any $35,000 home on our big list See Mr.

Lind or Mr. DeHaven personally for appointment to inspect; we are exclusive agents. west of Dillon street and south i mdlaven (p. vi asue street, former tentative action sustained. 7221 (Sheets 1.

9. onH 9 proved on condition that Fallbrook' Phone 879-156 MAIN OFFICE: Bank of Italy Bldg. avenue oe maae 100 feet in width and that Ponce avenue be project-1 ed through the tract to connect with Mariano street. 7222 Approved on condition! that a fifty-foot street be provided from Ventura A Potential i Sacrifice 106,800 Square Feet 178 feet fronting on Santa Fe Ave. 600 feet in depth to spur tract, from Santa Fe drill tract.

Heavy industrial zone natural gas. $55,000 Terms Arranged 11 Call C. A. HAMMOND Department of Industries Ul 1VA lWi 1WI I WJU I RARE BUYS! Valle street. on condition that the grade at Audrey street be found acceptable to the street planning department.

on condition that the consent of the owners of Jots adjoining on either side bo 8ec.ured and placed on file. 7307 (Sheets 'l to 6.) A new subdivision lying east of BaugJe nUe soutn of Ra street? approved conditionally. 7s2iPproved conditionally. 7 1, prove1 conditionally. 3 and 4- A BoniiJflT Bouth ot Wilshire ot Roselawn Proved.

southwest northwest of tenTa- TV Mark, of west' of Good cpertj 01.7 way at PedT 8treet tentavly ap- 7711. (Sha.t. 1 j. subdlvisionTyingast-of Cl'yde ZZ stctTapproved! Washln" 7520. A nur LTotanr approvd 403 So.

Hill St. Ph. 821-166. Exceptional Buys in Investment Property Adjoining Wilshire Blvd. 100x150 This fine apartment site just opposite the Ambassador Hotel and Gaylord Apt3.

improved with good house renting at $225. per month. 50.000. fa cash. An exceptionally good buy.

Call MR. LAACK, 873-641. Wilshire Boulevard 92x134 West of Western, looking up Rossmore Boulevard. The cheapest lot on the street at $220 per foot. Call MR, KLARQUIST, WILSHIRE OFFICE, 569 048.

Western Avenue Bargain This valuable frontage 60x100 is just north of Beverly Blvd. on west side and right in center of extensive building activity. Considering location it is the cheapest buy on the avenue at J700.00 per foot See MR. PLUMMER, WILSHIRE OFFICE, 569-048. Western Avenue Corner 122x141 Corners on Western Avenue are scarce, but we can deliver this wonderful ptece at $550.00 per foot.

Improvements starting shc.tiy win make this corner worth easily $750.00 per foot. See MR. PLUMMER, WILSHIRE OFFICE, 669-048. Apartment Site $17,000 A CLOSE-IN CORNER 95x175 feet on a carline. A wonderful location for apartments or a bungalow court.

We can deliver this at price of LESS THAN $200 PER FOOT for a few days. Buy this and make $8000 WITHIN SIX MONTHS. Call MR. REYNOLDS' or MR. CARPENTER, 873-641.

N.E. Corner Pico and Eleventh 100x147 Unrestricted and in Zone, located In a district where stores are necessary. With the widening of Pico Boulevard and improvements now contemplated, this property should double in value. Price $350 per foot. Call MR.

KLARQUIST, WILSHIRE OFFICE, 569-048. LAACK WILLIAMS MAIN OFFICE 873641 200 Pantages Bldg. 873641 WILSHIRE OFFICE 56534 Cor. 6th and Oxford 569288 Our two bes.t buys advertised last Sunday were1" sold Monday and resold again before the end of the week. This week we recommend the following: 8th St.

Corner: Just West of Figueroa St. in the heart of great activity. 150 ft. deep. Less than $800 per ft.

Cheapest close-in corner on 8th St. Let us show you. Flower St, Corner: Income now. Wonderful speculative investment. Fine intersection.

Sure profit in 90 days. Investigate this corner. Main St. at 6th 17 Substantially improved. Leased to good tenants.

Best block on Main St. Don't wait ACT! Apartment House: Westlake district Brick bldg. Lease expires soon. Wonderful opportunity for big income shortly. handles.

99 -Yr. Lease Corner: Right downtown. One of the best speculative leases offered today. Flat rental for entire period. Hotel Site: Close to Million dollar 7th St hotel Temporary improvements.

Priced right. Terms very reasonable. F. W. KADLETZ CO.

REALTORS 7J65. Approved. Tract Carlnca n.4.. sume that the increase of 23 per cent over the record year 1922, maintained, according to the United States Bureau of Labor Statistics, for the first 6ix months of 1923, will be fairly well maintained for the whole year if not made still greater, despite the failure to top last year's June building crest. (7.) Of 236 cities answering, 233 state that with all the tremendous construction there is no overbuilding of any kind.

(8.) The suburban movement in the larger cities, pronounced tendency of present-day city growth, is, generally speaking, greater than last year, and is likely to be continued. (9.) Money for investment in real estate is comparatively plentiful. Interest rates are reasonable In nearly every section. BETTER MARKET The market for business property is reported better than last year by 57 per cent of the real estate boards contributing to the survey. The market for residential property is reported better than last year by 65 per cent of the boards.

Building shortage of some kind is reported by practically all the large cities of the East. How. ever of twenty-three cities of over 200,000 population twenty report that they have caught up with their building program and may be considered normal. Business structures have made the most rapid adjustment. The labor situation in the building trades is reported encouraging.

Labor supply is stated to be sufficient in 49 per cent of the cities, and 76 per cent report the situation the eame or better than last 'year. In nearly 60 per cent of the cities wages are reported higher, but bonuses, paid In the summer rush season are disappearing. Increases in numbers of apprentices in some trades point to relief. Acceleration of the movement toward subdivisions, result of the crowding and constant growth of larger cities, is reported by 70 per cent of the cities answering the questionnaire. While the movement may not Increase particularly in the future It may be expected to maintain a constant level, the survey predicts.

7S7 i' tentatlvsly approved. approved. that an additional ten feet be dedi- umeu on uoiton Road. new subdivision lying north of KMnurm -ov oucci unu west or Westgate avenue, approved. Anew subdivision lying south of Ninth street and ast of Santa Fe avenue, approved.

subdivision Tying outside of the city of Los Angeles, south of Ninety-third street and west of South Park avenue, an- proved conditionally. 7765. A new anVtivioU. jrui5 WeSt Of TfinjjnffH fnnvnn SPECIAL VERMONT SNAP CLOSE TO BEVERLY $550.00 ft. 100x210 Without doubt the best inside buy above Beverly.

A substantial profit should be realized ia the pext 6 See Mr. Gibson. CHELEW HOIT Wilshire at Harvard Drexel 42S6 Drexel 42SS south of Hart street, approved con- 7568. A new subdivision lying WeRt Of KhmiTt ATAntA L. Ui.

wtiiu iiviiu of Ventura Boulevard, approved. 7674. A new subdivision lying south of Division street and east of Avenue 31. annrovnl i-nnrtiiinn. 825 Pacific Mutual Bldg.

870-996 allv. 7C29. A now anKlvfalnn Reliability Service Experience east of Lankemhim Boulevard and south of street, tentatively approved. 01 1QS3 li o. A new tubdivisloi lying.