upr000029 9

CAMPBELL REALTY COMPANY GiS PvRCfoOT wmaM SEPTEMBER 2isT» 1943 Mr* Frank Stroms, Vice President Las Veras Land & Water Company 422 West Sixth Street Los Ansel£3 04) Califorms a Dear Mr* Strong! This refers to the following described parcels or land held in the ESTATE OF FRANK C. SPLANE* DECEASE©, CONCERNING WHICH I TALKED TO YOU ON THE TELEPHONE WHILE IN LOS ANGELES LAST THURSDAY: Parcel fs SW£ of Section 31, Township 2s r\ Q J Oi^ Range SI E. CONTAIN!NS ISO ACRE?, MORE?OR Parcel 2% .lli of W| of Section 5, Township 21 8*, Range 51 CONTAINING ISO ACRES, MORE OR LESS AS EXPLAINED TO YOU, MRS. SPLA.«£, WHO IS EXECUTRIX AN9 SOLE BENEFICIARY OF HER DECEASED HUSBAND1$ ESTATE, IS EXTREMELY ANXIOUS TO LIQUIDATE SOME OF THE PROPERTIES MERE IN LAB VeeA8 AS QUICKLY AS POSSIBLE IN ORDER TO REALISE FUNDS FOR INHERITANCE TAX, COURT FEES, AMD OTHER ES­TATE EXPENSES AMD AVOID, DRAWINGS OH OTHER RESOURCES* Of THE VARIOUS PARCELS HELD BY THE tatATE HERE, THE ABOVE TWO APPEAR TO 'BE MOST SALABLE AT THE PRESENT TIME, PROVIDED THEY ARE PROPERLY PRICED* Mrs* SPLANE HAS INDICATED WILLINGNESS TO ACCEPT WHAT IN MY OPINION' AND 4U00MENT ARE REASONABLE PRICES FOR THESE PARTICULAR PAR­CELS, NAMELY, $5*000 PER PARCEL, WHICH I3 AT THE RaTE OF $31*25 PER ACRE. I Think you are quite familiar w.ith the prices at which other parcels IN THAT Yt CINITY/HAVE BOjUO t.N REGENT YEARS * To MY KNOWLEDGE NOTHING MAS EVER SEEM OFFERED OR SOLD IN THAT GENERAL AREA AS LOW AS THESE PARCELS ARE PRICED* The point f wish to make is that Mrs, Splane has particularly requested ME TO EXERT MY BEST EFFORTS TOWARD LIQUIDATING THESE PARTICULAR PARCELS AS QUICKLY AS POSSIBLE, AND AS ABOVE STATED I BELIEVE AT THE PRICES SIT THEY WILL MOVE QUITE READILY, NOTWITHSTANDING THE INABILITY OF PURCHAS­ERS TO 60 FORWARD WITH ANY SORT OF A DEVELOPMENT FOR THE DURATION. THE PRICES PUT them within a qood speculative range for future enhancement* All information furnished concerning property for sale or lease has been obtained from sources deemed reliable, and is believed to be correct, but no responsibility is assumed therefor, and no warranty or representation is made as to the accuracy thereof; and the same is submitted subject to errors, omissions, changes, prior sale or lease, or withdrawal from the market without notice.