The morning call., 1891-06-01
ACROSS THE BAY.
Real Estate Transactions in Oak
land and Vicinity.

There is an entire absence of the specula-
tive or boom" feeling. and yet the volume
OF transactions Is gradually increasing, and
many large and important sales are reported
from time to time. There is a noticeable
difference, however, between the market Of
to-day and that Of a couple of months ago.
Then the transactions were almost wholly
confined to the purchase of the smaller
properties. largely with the view of home
building. To-day, while the same feature
IS still d characteristic, there has been added
a considerable movement OF capital seeking
Investment in the purchase Of tracts and OF
large holdings.
Oakland is growing at the rate of some
thing like $50 new houses every month, all
of which.are picked up as soon as finished.
This represents a like increase OF popula-
ton, and is significant Of the growth and
expansion Of the city.
A number of very fine tracts of land have
lately been placed On the market IN sub
divisions. These are attracting great deal
Of attention, and sales in nearly all OF them
are proceeding rapidly. In East Oakland,
Fruitvale, ana along the San LeandrO road,
there is, as usual, great deal being done.
The same is true of the other end OF town,
and also in Golden Gate, L0rin and Berke-
ley. Anything along the line of the
electric road to Berkeley or the line of the
electric road TO Hayward5 is in demand,
and is quickly taken hold of.
NOTES FROM THE OFFICES.
NJ. J. Laymance & Co. report very busy
week with a long list of sales, most of these
being on the line Of the Piedmont cable and
along the San LeandrO road.
E. W. Woodward ~ Co. have experienced
a good week with great deal of inquiry
They have sold a valuable vineyard and a
ranch, in Napa County, and several small
imrruved properties IN Oakland. They
have Just placed on the market very fine
residence tract called LakeView, which is
on the line OF the proposed electric line out
Fourth avenue TINS tract IS splendldiy
situated, commanding comprehensive
view over Lake Merritt, Oakland, Alameda
and the bay. They have already sold nine
lots in this fine tract. although only just
placed en- the market
O. c. Logan has had good business during
the week, and reports good strong feeling
and favorable inquiry. Money seems plen-
tful, especially for the purchase of tracts
and outlying properties. There Is a very
marked advance 10 the value of outside
properties. In enc instance cited OF piece
of business property that sold for $50 a
front foot two months ago, an offer OF $500
was refused.
). L. Cooke at Brooklyn reports $50 600
worth Of property disposed of In two weeks
he has sold fourteen lots on Webster
Heights, sixty in the SeaTles Tract, two in
T..
Homestead and three lots IN the FTuityale
Tract.
II. B. ri npey reports numerous sales at
Golden Gate and in the Broadway and
Telegr apl-ayenue tracts, there being in
creased inquiries each day. lie says the
general feeling is better and the stringency
in the money market is gradually ahating,
so that people are feeling more like making
purchases. He is doing a good deal of late
in the way Of building houses on the install
ment plan.
Clough & Baker say that there is great
activity along the line of the Berkeley eiec-
trio read. They have sold several lots in the
Crystal Springs Tract twelve lots in the Uni
versity Villa Tract at prices from $50 to
1920, and few lots IN the Brooklyn Villa
Tract.
Rolin & Callaghan of Center Station re-
port sales of five lots at the corner OF Center
and Fifth streets, 10 be Immediately i'm
proved, also sale Of house and lot on Fill
bert street.
Z. L. Hartmann, formerly of San Fran
cisco, where he was interested in real estate,
has opened an office at 1858 Seventh street,
and reports a good outlook aud already
some good business.
LIVELY LORTN.
The electric road is doing wonders for this
thriving town and vicinity. Never was
there so much attention being paid to it, and
never we're so many sales Of houses and lots
being made. Building operations are active
and extensive, and the real estate men are
happy.
". c. Moran sold four lots last week in the
LOrin Villa Tract and also two cottages. In
the Mckee Tract ne sold three lots. on which
two COTTAGES are to be built at once. He sold
a nice lot On FELTON, street, and also
a comfortable residence in the town.
also a cottage in Newbury worth S2700 and
two lots, six lots IN the Alden Tract, a lot on
AicatraZ avenue twice over, once on Fri
Day for $1,000 ana on the following Tuesday
for $3.50. In a few days he expects TO place
on tie market the LOrin Sea View Tract on
San Pablo avenue at prices ranging from
$50 up and on very easy terms. ms VIII
be j great opportunity
1t is said that the Contra Costa Laundry
Company purpose erecting shortly at a
point between I4orin and bury new and
larger premises, to which they will remove
from Oakland This Will be an important
enterprise
II. d. Irwin of the weil-knOwn real estate
firm Of Irwin & Johnson has almost entirely
recovered from his accident, and his CHEEKY
face is seen again on the streets.
a great deal of property, chiefly INSTALL
ment lots is being sold In this vicinity by
almost every real estate man in Oakland
and good many in this city.
PROGRESS IN ALAMEDA.
In this direction there is much TO report in
the way Of steady advance and improve
ment. New buildings, new streets. new
sidewalks-on every side there is an activity
that berOkens r rapid enhancement Of values
and a constant increase OF investment
II. p MoTeal reports great influx Of peo-
pie TO Alameda and a decided increase of
inquiry. both for houses to rent and for lots
and houses to purchase. noticeable propor-
ton Of these being for handsome and ex-
pensive places. He has begun the erection
of three fine new places-one on Grand ave-
nue., north Of Railroad avenue, one on San
Jose avenue and the other at the corner OF
Pacific avenue and Stanton street. He has
2 number OF inquiries for large Investments.
which he is unable 10 fill As no property is
offered. As showing the stifening of prices,
it may be stated that $4,000 cash has been
offered and refused for the cottage on the
northwest corner of Central avenue and
Benton street
Marcuse & Kennel. as usual, report good
business. In fact they say things are ex-
tTaOrdinarily lively They have sold 90 Mr..
de LoTme $4,000 house on Bay street on
account of Mr. MOhus; handsome. new
twO-stOry house near the school to 4. Brill
liant for $500; a nice cottage on Taylor ave-
nue. to William Hitler for $3.50; hand
some place on Mout0n street 10 Ben Clark
for 1920: a $500 cottage to Howard Prem
tice; two improved properties on Nc
PhersOn and St Charles streets for $500;
a lot near MastiC Station to w. ID. HabTo
for $3.50; one to Mrs. Adelaide Ewing on
st. Charles street for $3.50; a small house
and lot on Mastic court TO W. S. Dixon for
$500; also several other lots. They have
made contracts to erect three houses
for Z. }. Carroll for $4,000 n cottage for
Mrs. Riegelhaupt for $500; row
of eight cottages for Mrs. Page near
Bay-street station for $780, two cottages
for Henry Mohns near Encina Park
for $500: also for two handsome
cottages on Pacific avenue for $1,000 apiece,
and one on Taylor avenue, near Mcpherson,
for $1,000 They have Just completed the
sale for $1,000 of beautiful piece of prop
eTty on the San Leandro road, near High
street, upon which the purchasers will
erect $40 600 hotel This is just opposite
the proposed new race-track. Names will
be given in our next report
Hall & Poole have had lively time during
the past two weeks, aud note increasing in
c.nir,. Ihar haxa disnn.ad If nia.ht lcts fnr