The morning call., 1890-11-09
REAL ESTATE
MOVEMENTS.
Suggestions Concerning Property
South of the Park.
Future Offerings - In the Aucticn-Room,
Sales Reported-The Market Showing
Signs of y-Notes-Contracts.


In an interview with ]. w. Arnold of the
West Coast Land Company he spoke at
some length in regard to lands south Of the
park in the following terms:
Eyes, am well acquainted with the rapid
growth in values of property south of the
park. Up to three years ago it was virtually
to the great majority of people an unknown
country, and, as for selling property there.
it was simply out of the question. just
think of it, 5000 was fancy price for whole
blocks near where the Olympic grounds now
are, while further out toward the oce an
beach $3.50 was the usual price for the same.
About this time | placed on the market 100
lots, and these were actually the very first
ever offered in this locality in subdivisions
and on the installment plan. AT this time l
foresaw the rapid growth OF this section,
and all those who believed me, and so to
speak caught on made big money out OF
their investments. The future of this locality
is merely matter of time. san Franchises
rapid grow tn is assured for the next century
to come. Owing to the shape OF the PENN
Sula on which the city Is situated this
increase is compelled to spread this way, to
say nothing of its proximity to the park ana
other natural advantages, but the rapldity
or hardness of this growth depends entirely
on the property-oWnerS themselves. They
can sit still and let the city crowd them by
degrees, or they can by the exercise OF
little fUrethOught and small outlay in i've
years at the furthest have the city bounded
by the ocean and county line only, and the
means of transportation from thence to the
business center. How can this be done?
Why, suppose these drifting sands had been
grassy slopes intersperSed with trees and
shrubbery, what would have been the re-
suit? Yes, as you admit, 1t would nave
been the seaside resort of San Francisco and
the finest residence portion OF the city.
Now | will tell you how this can be brought
about and at a cost not to be compared with
the benefits TO he derived. Get the next
Legislature 90 pass reclamation bill SINH
lar o that law now upon our statute books
for the rec amatiOn OF our swamp aud over
flowed lands, which, as we all know, has
given universal satisfaction. Let the bill be
for the retaining of sand dunes and waste
lands within the corporate limits OF any
city, then if the majority OF property-0wnerS
in any district wish TO reclaim their land and
make it habitabe they can force absent
owners and obstructionists to do their part,
all at comparatively small cost The sand
dunes of san Francisco would soon be
thing of the past AT rough estimate there
are at least 500 sand-dune blocks of fifty lots
each, in all about $4,000 lots. These now
cannot be utilized, representing probably
about S5,000,000. They can be, as whole,
reclaimed at cost OF $1,000 a block, making
total cost of about Sl,000,000, averaging
say $40 a lot l will guarantee, and any
astute rea-estate dealer will confirm my
statement, that this proposition would more
than double the present value OF these lots,
in which case it is worth at least $4,000, 600
to the owners of sand-dune lots, besides
adding enormously TO the taxable property
of San Francisco. Now, Is the proposition
worth seri us consideration or mott"
FUTURE AUCTION SALES.
On Tuesday next, at II o'clock noon, Eas-
ton, Eldrldge IL CO. Will offer at auction
select catalogue of miscellaneous city prop
erty, embracing improved and unlmproved
investments. The downtown piece Of bust
ness property yielding a rental of S1T3 per
month should attract the attention OF cap
i,alists seeking investment.
Among the other offerings are: 3lS
ami 500 Fremont street, near Folsom;
1909 Scott street, and various residences and
lots in desirable localities.
o. L. Won Rhen 81 Co. desire the atten-
ton of investors to comprehensive line of
city property which will be submitted AT auc-
ton at their salesroom ON Thursday next
at y O'clock noon, comprising
half-block on the water front, lots to Is in
Snrvey) a SlXteentl-street business prop
erty, TWO tiue lots on the San Bruno road,
well-adapted for manufacturing pnr-
poses and with car facilities; lots
two frontages on Prospect and Chepultepec
and close to the Mission and Valencia cars.
and Brannan-street building lot 25xl00.
The foregoing pieces will be disposed of by
decree of the Probate Court.
In addition to the above lines, the follow
ing pieces will be sold under the
hammer, viz: An undivided one-third
interest in the northeast corner of
Athens street and Russia avenue; a
large Folsom-street business corner;
0=xrOn
Howard lot 25Xll0 at the southwest corner
of Twentieth street and Treat avenue;
handsome home on Clay street, between
Mason and Taylor; the corner of Noe and
Twenty-ninth streets, ard several lots in
various localities.
There is likely to be a demand for the en-
tire list.
G. Ii. Umbsen & Co. will hold special
auction sale. by order of the Hibernia Say
ings and Loan Society, on Thursday next,
at the salesroOm of the former in this city,
of the following select catalogue of mscel-
laDeous city property, and one piece in Oak
land, viz: two lots in the Fairm0nnt
Tract, on the line of the Southern Pacific
Railroad, near Mission-street horSe-cars;
LOT on the west line of kearny street, south
of Greenwich; California-street residence;
a Cook-street cottage; McAllister-street
corner; Steyenson-street rental flats; South
San Francisco property; Folsom-street
building lot, and twenty-five lots in Linden
Homestead Tract, Oakland.
William J. Dingee, in conjunction with
Easion, Edridge 81 Co., will offer at
public vendue, on Saturday, the 18th inst,
on the premises, some of the choicest resi-
denee lots in Alameda. Parties desiring
home site in this favored spot would do well
to examine the comprehensive line to be sold,
which will be found II. another column.
SALES REPORTED.
Allen & Wills report the following sales
effected last week:
Three lots, 25xl14 each, on Duncan street.
near Castro, S975; eight lots, 25xl20 each,
south of the park, $500; two-story house
on Eighteenth street. lot 25X100, $3.50; a
cottage on Corbett road, lot 25xS2 t. $780,
and cottage ON Merritt street, lot 25xS2:6.
Sl400.
G. II. Umbsen & Co. have disposed of the
vacant lot, "a feet by an average depth OF
so feet, on the east line of Fillmore street,
so feet south of Herman. for $685.. Schn-
ster Bros. were the owners and L. E. Hes
thai is the purchaser.
Badt, jacobs & Brandon sold yesterday
piece of property on Pacific avenue at a
price in the neighborhood of $1,000 par
ticnlars of which will be given in a day
or two.
p A. Dolan & Co. sold four lots in Block
1895 for 5000. This firm operates largely in
lands south of the park and in desirable res
idence property.
Louis Lander has disposed of five houses
on Hartford street, between Eighteenth and
Nineteenth. at prices ranging in the
vicinity of $1,000 each. He is now building
two more twu-story houses on the same
street and four cottages on Twenty-siXth
street, between Castro and Diamond, also
twO-story house on Stanyan street, near
RiyOi avenue.
HEALTHY SIGNS.
Judging from the many inquiries for bust
ness and residence property last week, it
may safely be promised that this week will
10 untSIiully aptIya N real a n rcIac A
prominent dealer remai ked yesterday, as he
handed long list OF offerings TO The
CALLS real estate representative for pub
licaton: 1--WE are going to have little stir
III real estate. have noticed signs Of it al
ready"
NOTES.
A change has taken place in the real estate
firm of Mari A Hen & Wills Mr. Mari