The morning call., 1892-01-10
REAL ESTATE
TRANSACTIONS.
Strong Demand for Property Re-
ported by Agents.
Promise of an Evsntful Month in the Sale Of
Business and Residence Lots by Auction.
Interesting Items From Dealers.

mainly one Of inquiry. Nearly everybody
with spare cash. it would seem, is out look
ing for the best way TO invest it, and nearly
all the leading real estate firms of the city
express themselves as entirely satisfied with
the prospects. They regard this wholesale
inquiry as the f0reruuner of a business far
in advance Of anything witnessed in San
Francisco since the first half of 1891. 1t is
to be hoped they will not be disappointed.
Certainly there is no reason why they should
be, for never in the history of the city and
State have there been so many powerful
agencies at work together to establish for
all time the greatness Of San Francisco.
Before the present month has passed it is
confidently expected by many Of the best
authorities that if owners IF desirable
property will relax their grip a little on
everything salable, the real estate market
VIII become more active than it has been
Tor many months past.
AUCTION SALES.
January, 1892, promises to be a most
eventful month as TO auction sales, both Of
central business property and residence
lots. Indeed, it Will in all probability de-
termine the ruling prices for the entire year,
owing to the magnitude and importance of
several of the offerings.
East0n, Eldridge q Co. are out with
very attractive catalogue for their first reg
ular auction this year, which will be held
on Tuesday next Their offerings consists
of Golden Gate avenue property, Western
Addition French flats, Clinton-street prop
eTty, Mission residence lots and Mission
street business property, Preside and
Castro heights lots, PTecita Valley home
lots, and PUtrer0 and South San Francisco
corner lots.
In the sale of the Pearson estate, to be
nv m n ar IVtyi inn
Hall on January 28th, $3.50, 900 worth or
more of real estate will come under the
hammer, and real estate circles are on the
tiptOe of expectation. Argument is offered
~ favor OF selling III subdivisions the block
bounded by East, Merchant, Washington
and Drumm Streets the greater part of which
has. since the birth of San Francisco, been
In the hands Of the Pearson family but the
executor, Elliott j. Moore, has not yet de-
cided which course to adopt. The block has
for many years been rented IN subdivisions
to q large number OF tenants, who are pay
ing ground rent md are carrying on Il large
variety of industries and businesses on the
premises, some OF whom have grown rich.
In addition to the above there are two
lots, each 2JX59:9 or Sacramento street, be-
tween DrUmm and East.
The State title to the ffty-vara on the
northeast cOrner.Of Battery and Broadway,
and thirty eight entire water blocks west of
LarkiD, and lying between the shore line Of
the bay and the ships channel. While these
thirty eight blocks cannot be utilized at
once, still for the cleaT-seeing Spectator
there can hardly be any purchase more
tempting The most sanguine could hardly
Overestima:e the future value of these
blocks with a completed sea-wal and the
Nicaragua Canal an accomplished fact. A
few thousands invested in one of these
blocks now may mean hundreds Of thou
sands in the future. The last contract made
Il
100 feet westerly from Powell street. The
next like contract IN the same direction will
reach Larkin street. Then these blocks
will be very valuable, for the demands of
commerce are imperial.
AGENTS SALES.
Bovee. Toy & Co. report the sale of ten
lots on Castro street. west side, north Of
Twenty-siXth, 175X80, for $4,000.
Carnall-Hopkins Company sold six lots
in PaTkside. west side of Ninth avenue, to
one buyer for $780, also three lots in
MenlO Heights, Stanford University, for
$3.50.
Louis LANDER reports the following sales:
Two cottages on Jersey street. near Doug
las, for 5000 each; one cottage on Twenty
sixth street, near Sanchez, for $500.
Sol Getz u Bro. of is Post street made the
following sales during the week: Lot COX
100, on west line OF Ninth avenue. 100 feet
south of ii street, for $500; 50xl2O, on
west llnb VI 4 NtnLl6Lu dNCuut, OJO leeL
north of X street, for 1920; 150Xl20, on
east line OF Forty-ffth avenue, between n
and 9 streets, for $3.50; 10Ox120 on west
line of Ninth avenue, 800 feet north of l
street, for $1,000; 25X120, on west liue of
seventh avenue, $50 feet north of K street,
for $500.
NJ Even Bros. report the sale of lot on
Twenty-tirst street, near Folsom, lots on
Butter street. near Cortland avenue, and a
tract of timber land in MendocinO County.
Geo d. Shadburne Jr. sold: Lot 25x125
and improvements on Homestead street. be-
1920; lot 32X125 and Improvements on
Fountain street. between Twenty-fourth and
Twenty fifth, $4,000; lot 25Xl25 on Ellen
street, near Twenty-ffth, $50.
NOTES.
On the Potrero great improvements have
been made by grading streets and lots, $50 600
having been expended by the Real EStats and
Development Company for that purpose.
Ten miles of street frontage have been
graded, a franchise for street railroad OBJ
tanned and the preliminaries arranged for
its construction.
The improvements will be continued and
the electric railroad completed by the Mar
ket-street Company.
Louis Lander has just completed an ele-
CANT house of II rooms and bath on Brod-
erick street, near Haight, and placed the
same on the market Mr.. Lander has also
begun the erection OF the following build
ings: Two cottages on Jersey street, near
Haight; two fats on the southeast corner
of Clipper and Sanchez streets, for d. j.
RiOrdan, to cost $1,000; two fine dwellings
on Pacific avenue, near Van Ness, to cost
500 900 each.
G. W. Hopkins of the Carnal- Hopkins
Company left with a party of English
people, who propose TO settle in SonOma
County and engage in general fruit culture.
They are men Of means and will all have
nice homes.
McEwen Bros. will shortly place on
the market a choice subdivision of property
at Menlo Park, near the Stanford Univer-
Sity, in lots and villa sites, with prices rang
ing from S175 up, according to size.
Eastlake houses Of taste and elegance are
being offered by 0'Farrell & Lang. These
houses are situated on Ashbury, Broderick,
Page and connecting streets, and are offered
by this well-kn0wn firm owing to the excel
lent arrangements just concluded with the
consolidated firms of r. CranstOn and Hugh
keenan,, builders. They also have some
fine property in the same locality, where a
representative can be found to-day from IL
o'clock in the morning until 3 o'clock IN the
afternoon.
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RECORDERS OFFICE.