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Real Estate Appraisers and Appraisals In
Los Angeles County, City of Monterey Park
| Monterey Park is
located on the western part of the San Gabriel Valley, near Downtown Los
Angeles. Real estate became a thriving industry during the late 1920's with
investors attracted to the many subdivisions under development and increasing
commercial opportunities. One such development was the Midwick View Estates by
Peter N. Snyder, a proposed garden community that was designed to rival Bel-Air
and Beverly Hills. Known as the "Father of the East Side", Mr. Snyder
was a key player in the vast undertaking in the 1920's of developing the East
Side as part of the industrial base of Los Angeles. His efforts to build
Atlantic Boulevard, his work with the East Side organization to bring industry
to the East Side and his residential and commercial development projects along
Atlantic Boulevard (Gardens Square, Golden Gate Square, and the Midwick View
Estates) were a major influence to the surrounding communities. The focal point
of the Midwick View Estates was Jardin del Encanto, otherwise known as "El
Encanto", a Spanish style building that was to serve as the administration
building and community center for Midwick View Estates and an amphitheater to
be nestled into the hillside above Kingsford Street. Although the amphitheater
was never built, the observation terrace from which viewers could look down to
Jardin del Encanto and the fountain with cascading water going down the
hillside in stepped pools to De La Fuente remains and is now known as Heritage
Falls Park or "the Cascades". It was result of the Depression that
brought an abrupt end to the real estate boom and the Midwick proposal. The
City had little development for nearly two decades. Many businesses from
Chinatown, Los Angeles began to open up stores in Monterey Park, such as the
Sam Woo BBQ Restaurant. In the 1970s and 1980s, many Taiwanese immigrants began
moving into Monterey Park and Mandarin Chinese was dominant in the city during
that time period. By the late 1980s, however, immigrants from Mainland China
and Vietnam have moved into Monterey Park as well. In the 1990 census this city
had the first Asian descent majority population in the continental United
States. |
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