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The Los Angeles Times from Los Angeles, California • 106

Los Angeles, California
Issue Date:
Extracted Article Text (OCR)

I' SUNDAY MORNING. DECEMBER 9, 1923. PART LARGE SUM IS REALTY MEN PAID FOR LOT, TO MEET AT Sales Total Million in MISSION INN 300 A Ninety Days cres firings $300,000 Men From All Parts of the State Arc Expected to bo Present Property Will bo Used for Modern Building With the announcement of the sale of a seventy-flve-foot frontage, at 1623-1527 Cuhuenga to Marlon L. Cooper of San Fraijcis-co, the L. D.

Owens Company announces that they hive sold within the lust ninety days more than $1,000,000 In proporty on th four blocks of Cshuengi e-nut, between Franklin nnd Sunset Boulevard, This is th second Inverlmept Mr Cooper hsc on In he lott 'wo week tln other being at 1633 Cahuenga avenue near Hollywood lloulovurd. Among the largest of the trnns- Erection of l'eto Edifice to bo Started Soon tMKML OOMHWrONDCNOB 1 SANTA IMKliAKA. Dec. 8. The largest nlnglo real estate transac actions consummated by the Ow-j ens company are the sales nf the i.ortheast wrner of Yucca nnd, Cahuenga to the Christie Realty Between the city and the ocean high ground with commanding; view of Los Angeles, Beverl Culver City, Santa Monica, Ocean Park, Venice and the ocean.

A wonderful opportunity for the subdi-vider. Ideal for golf course acreage of this character is becoming scarcer every day and at the price we are asking impossible to duplicate. Price $2500.00 Per Acre Only cash necessary, balance practically to suit purchaser. Quick action is necessary because developments taking place in immediate vicinity may force an increase in present price at any time. For Maps and Particulars see L.

J. DURNERIN WITH W. W. MINES CO. Suite 1001 Stock Exchange Bldg.

639 S. Spring St. Phone 875-834 BELOW the SURFACE HEN new, a silver-plated article appears as attractive as one made from solid silver for, in either case, it is the surface silver which show's. But, as the years roll by, only the solid silver article remains perpetually new for, what lies hidden beneath the surface counts, so time proves the vorth of the genuine article. When new, most Apartment Houses and Hotels look attractive but, it is only those, built as are Mayo Buildings, which, throughout the years, will evidence their worth for it is under the surface paint and glitter that the real strength and value lies.

That Mayo standards of construction are of the highest that, under the Mayo Buildings have the stuff in them, is borne out by the fact that Mayo-built buildings, year in and," year out, are revenue-producers with a surprisingly low depreciation charge. It will pay you to look over a building during the roughing-In period, look under the surface; we therefore cordially invite you to look over the hotel we are building at 633 Bixel street. Ask the owner, S. P. Smith, his opinion of Mayo Construction.

In your own interests then, seek the facts from Mayo before undertaking to build; also, interview Mayo clients, who will testify to the worth of Mayo standards of construction which, in the end, give you more and cost you less; remember, "We can finance your building tion In Hanta Barbara for many years took place thin week when A. E. Ulumenthal purchased JHVi feet on State street at the corner of Kigueroa. from the Catholic church of Santa F.arbara, and Human Catholic Hlshop of Monterey and jtn Angeles for consideration of 130.000. The Terry Realty Company and II.

Chase Company handled the deal, which will give t'anta Barbara another modern business building Immediately. I'ottsesHlon will be taken in nine-ty days, according: to announcement of Clay tt. I'erry, who returned early this morning: with Lane Perry and Harold S. Chase from I-os Angeles, where papers were signed. The deal takes In the property 1 occupied by the Church of Our Lady of Sorrows and the Jesuit home, with a 227-foot frontage on Company, tne iionnwest corner or Cuhuenga and Yucca and the southeast corner of Cahuersa and tselma.

Rapid Growth Is Shown by Loan Society riAt. romfrepoNDENCRl PORTERVILLE. Dec. 8. The annual report filed by Secretary O.

Premo of the Fortervllle Mutual Building and Loan Association at Its yearly meeting showed the corporation to be one of the most thriving in the city of Portcrvllle Both receipt and loans for the past year practically double those of the previous season. Total assets for the association amount to $224. 760. 8 while a year ago assets were listed at $153 793.01. Purlng the past year loans on mortgages and definite contract amounted to $101,075, as against 360.5E0 In 1922.

Receipts durinp Special consideration will be given to farm lands at the regional conference called-by the California Real Estate Association to be conducted at Mission Inn, Riverside, n-xt Baturday. Farm land agents, as well as city brokers, who attend the conference, will receive valuable Information from prominent speakers conoernlng conditions now developing from which farm lands will benefit. Reports coming to headquarters of the association continue to show a marked Improvement In 'the agricultural situation In nearly all parts of the country. The great advance In the price of cotton Is making the South prosperous and is also bringing good time's to the Rait River and Yuma valleys In Arizona and in Imperial Valley which will result In a large Increase In cotton acreage In San Joaquin Valley. The Influence of the Riverside conference will be statewide.

California now leads the country in scientific work In agriculture and horticulture and in co-operative marketing. Real estate mn all over the State are Interested vitally In the success of the farmer. It Is expected that new plana will be advocated at Riverside to properly place the advantages of California's farming lands before the many thousands of visitors from other States who will be In Southern California this winter. State Vice-resident Everett A. White of the eighth regional district has received acceptances of prominent California land operators and realtors who will address the meeting.

Among the speakers will be State Real Kstate Commissioner Edwin T. Reiser, former State Real Eetate Commissioner Freeman H. Hloodgood. President J. V.

Mendenhall and II. B. Kllng-ensmlth, secretary of the California Approved Land Settlement Association; President Henry P. Barbour of the California Real Estata Ray Edgar, president of the El Centro Realty Roard; John E. Kennedy, farm land operator of the Imperial Valley; A.

M. Shenk of Calexico, Herman Janss. Fred K. Reed of Oakland and Frazier O. Reed Ban Jose.

W. I. Hcllingsworth, chairman of the irrigation and reclamation committee of the California realtors, is expected to be one of the guests. REMARKABLE CHANGE Persons who bought homesites Flgueroa street and 236 feet on! State street, owned by the Santa Barbara church. In 'addition to a lot 60x227 feet, between the post-! olllce and tljo church, which Is I now used for an oil station, and was owned by the bishop.

The conHlderatlon for the church I property Is given as $300,000. I while the oil station lot was soldi Jlf23 were $173,236.25, while in S' for $70,000. PLAN BULBING Mr. Ulumenthal announces that he will have plans ready for a building within a few days. It Is Understood that the structure will be one of the biggest buildings In the.

city. Under the terms of the deal the pastor of Our Lndy of Sorrows will surrender the church building In ninety dayR. while the Jesuit home will be retained for six months. According to announcement of aaElaA Building 1922 they were only $91,753.16. Loans made during the year numbered fifty-one, of this thirty were new loans and seven were for remodeling homes.

The number of stockholders ha grown from 140 in 1922 to 321 In 1923. About 10 per cent of th3 stockholders are nonresidents, many being former residents. The association was formed in 190 with $10,000 capital. FORMS BEING PREPARED Chairman Frnzler O. Reed of the California Real Estate Association forms Committee has announced that a standard form contract for the sale of real estate be issued by the committee of the association about January 1.

Banking References Furnished on Request Itev. Father Walter F. Thornton, construction of the new $250,000 99 YEAR LEASE OLIVE STREET A very important and strategically located property in the heart of the retail district; ample frontage and depth for permanent improvement. The sound value, and certainty of rapid increase, recommend this lease to the most conservative investor. PRICES AND PARTICULARS MR.

McCOY tWiLLiamWiLson Co. REAL ESTATE INSURANT 428 Pacific Mutual Bldg. UTILITY OF TRUST ESTATES Vlctorlu and Anacapa streets will start Immediately. EQl'IPMENT RESERVED All equipment of the present church, as well as stained-glass windows and all material desired has been reserved by Father Thornton, according to the realtors handling the deal. The Perry Jit will be submitted to the State llside Orange Gove Lots Overlooking the South from Montebello to Catallna Island.

Big enough for a real home. 1 00x1 32 V2 Restricted nn to Grammar School, High School, Churches, Park Site, Club Hotse Site and Stores. Leased to Standard Oil Co. Full oil rights. "Seeing, is belleveing." Let us show you this property.

iteai testate ieparimeai tor na scrutiny and approval. TRACT OPENING DAY George Sunday, announces the formal opening of Mar Vista Park Unit No. 2. Mar Vista Park Realty Company represents the i purchaser, while II. O.

Chase Co. have been handling the church Interests. For the present time Catholtc at Cheviot Hilla nix weeks ago by white sticks sU-ked out to represent e.cact sizes and location of their site are amazed at the transformation that has taken place on the Frans Nelson Sons' subdivision. Entire hills have been graded, winding streets roads I church services will be held In Organize your estate, subdivision, syndicate, or building enterprise oa fee, long ternv of 9 -year lease under Declaration of Trust- Eisy to administer. No personal liability.

No state jrganlzation fees, reports or fran-jhlse tax. Many other economies, 'etter than maKlng a will or Incor-orating an estate In many cases. Better than a corporation or partner hip syndicate for building or Ask for free rvhrre. odern Organization Company, SM Bradbury 3rd ana uruadway, Los Angeles, Cal. i Is one of the desirable tracts on Beaty-Levenberger-Dodge have been laid out and leveled, and curbs and sidewalks have been marked prior to being cemented.

One hundred electroliers, which are to furr.ish ornamental the market and is located on Venice Boulevard, the shortest route between Los Angeles and the sea. Although the second unit has not been on the market formally there; has been a big demand for the Phone Boyle 7116 "The Hollywood of the Eastslde." Montebello Armory Hall, now occupied by the salvage shop, but construction of the new church will be rushed In order to accommodate the parish aa soon as possible. Resides the church building, It will be necessary to erect a new residence for the Jesuit fathers. lighting, have arrived and are to property. be erected cs soon as possible.

rr FT JTKP Supreme Achievement bummiwm zrmw4 opm lor MSmlBm cT NeW Nw open for reservation Home-places in sy i this delightful residential distrid may now be seleded (Milt Visit Hollywoodland and investigate the incomparable Beauty and Delight of this perfed home environment tJtnpTOyC- 'ncse magnificent hilltop home-sites have the ad- vantage of every metropolitan convenience concrete tnetltS drives, sewers, eledric lights, ornamental street lights, gas, aquedud water, natural stone walls and the advantages of a pleasant community center, with the healthful, invigorating, pure atmosphere of the hills make Hollywoodland "The Supreme Achievement in Community Building." Q)o cKot Tne New Prober Four in Hollywoodland for reservation is an opportunity for JjClciy you to obtain a home-site where every natural advantage combines to enhance the value of property seleded in Hollywoodland. The prices for home-sites in Hollywoodland are decidedly less than would be expected for home-sites so close to Los Angeles. SMbodruffsuccessorto O. CY E. SHOULTS A Ail 'fi J' Street improire.

Jf Cfike cm the property O690 North Bcaclrwood rrfrc pbcaes Hollywood 1344 Hollywood 6681 MARTIN T.HILDINGER saksmonogcr.

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