The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1893-08-05
HOUSES AND LOTS.
Condition of the Real
Estate Market.
CONFIDENCE IN PROPERTY.
improvements at North Beach-Con.
tracts That Have Been Let.
Potrero Property.
CONFIDENCE IN PROPERTY.

stringency affecting the whole country. II
the market is dull it is from no want Of
confidence in city property. for there Is a
very fair inquiry for property, and owners
are so well satisfied with what they have
that they show no particular desire to sell
except at their own prices. During the
past week the agents had many callers
who were DESTROYS Of purchasing.
With regard to small sales, which pre-
dominate among the agents nowadays.
Umbsen's Real Estate Record for August
has the following concise view Of the sit
uation:
ut must be remembered that the ratio
OF small capitalists to large ones is as 100
to l. Therefore, where there is one man
rich enough to buy and improve business
property there are 100 investors with
money sufficient to purchase aud improve
suburban land and build the necessary
houses, stores, ETC., to make such property
pay we'll for the investment. Such owners
also enjoy, for the same reasons, much
greater facilities for turning their holdings
satisfactorily into cash at short notice.
Under these circumstances the main part
of the brokers' business is bound to con-
sist of small sales, while large transactions
in downtown property are not SO nlmer-
Gus. The number OF small sales made and
cation OF an Increase in the real estate
business, and speak we'll for the fall and
winter market which ought, according to
present indications, to be strong and lively
particularly If the plans for midwinter
fair, as seems highly probable, are carried
out successfully"
The sales for July numbered 302 and had
a total value Of. SS47, 430. They were
mostly small lots for dwellings, The build
ing contracts for the month amounted to
$33S, 2S3. In July, 1892, they were $40, $40.
Rapid progress is being made III some
important street work in the southern
sections of the city. Army street, which
has been the occasion Of much complaint,
is now being extended from the San Bruno
road to Kentucky street, giving commune
cation between the Potrero and the vicinity
OF the Tubbs Cordage Company's works.
the gasworks, the rolling mills and the
Union Iron Works with the Mission.
For distance of eleven blocks from the
San Bruno road down to Pennsylvania
avenue the street has been graded. Yester-
day the last section Of the work for this
distance was completed. The contract for
the Flip from Pennsylvania avenue to
Kentucky street has been awarded and it
is reported that work is to be speedily
commenced and completed as soon as pos
sibe.
On Army street tracks for an electric
railroad have been laid. and it is said that
1t is proposed to continue these tracks
down to Kentucky street. where they will
meet the tracks Of the electric road which
is 10 run out Kentucky street and Rail-
road avenue to the Five-mle House and
the county line. Grading is now being
pushed on Iowa street and some of the
other streets inlersecting Army street.
block of houses belonging to the Cali
fornla Savings and Loan Society. and sit
uated on Mariposa street, between Bryant
avenue and Florida street, were sold this
week. The easy terms-one-nfth cash and
balance in small Northumberland a
ready sale for the houses, which ranged
from $500 to $500 each.
O. +. Won Rhein & Co. state that sales
in the direction of North Beach have been
more active with them than in other parts
Of the city. No doubt this activity is due
TO the extensive improvements making
along the bay shore. and also to the gen.
eral development of the locality.
G. III. Umbsen Il Co. report the follow
ing sales, which represent good average
standard OF present values:
The vacant lot, 25x137:6 IS, situated on the
south line of Hayes street. 1868 feet west
of Devisadero, sold for $500; deed not
yet of record; purchaser intends building
Vacant lot, 25x106:3, east line of Pierce
street, % north of Waller. sold for S244O :;
deed not yet of record; purchaser intends
building nome.
Cottage and lot, 25x72, 426 Waller street,
north line. between Fillmore and Steiner.
sold for $4,000; consideration In deed So
Vacant lot, 24X122:6, west line Of Treat
avenue, 1888 north OF Nineteenth street,
sold for $3.50; sale not yet consummated.
Improvements and lot, 81 :3x56, 22-24. .
Laskie street, northeast line, northwest
of Mission. between Eighth and Ninth.
sold for $3.50; consideration in deed So
trim eli M hu no
Athertons on the northeast corner of Oc-
tavia and California streets was sold this
week to Francisco de Geda of Guatemala
for 500, 900. The lot has a frontage of
6S g feet OIL California street and depth
Of 1877 IS feet. Some years ago the same
property sold for 100000. and the pur-
chaser, Edgar Mills, remodeled and deco
rated the house at that time at a cost of
$4,000
The lot on the westerly side of Scott
street, AZ feet south Of Pacific avenue,
4ox1l2 feet. was bought by Thomas Day
for $500.
Thomas J. Regain sold to Henry Gutzeit
the property on O'Farrell street east of
and adjoining the Alcazar building, 50y
buildings on this property pay only small
rent, it is likely that a large building will
be erected upon II.
Bids for the Verein Eintract Hall on
Twelfth street were opened few days
since and contractors have been selected,
though no contracts have been signed.
The building is TO cost about 100000. 1t
will have the largest hall in the city, next
to the Mechanics Pavilion. The site
measures 252x153 feet in the middle Of the
block, with approaches from Folsom.
Twelfth and kissing streets. The inte-
rior will contain billiard. bar and club
rooms, large gymnasium. ladies' par
lors, bowling-alleyS, banQuet-room, ira
ternal halls and a dance hail. the last TO
be 1O0x147 feet.
The South San Francisco Land and I'm,
provement Company OF Baden has levied
an assessment of $40 a share ON the CAP
iial stock.
The builders new exchange on Post
street has taken the crowd from Montgom-
cry and Pine and has proved remarkable
success II has absorbed the Builders As
ISOLATION, which conducted business on
City Hall avenue.
Buildings and improvements as follows
have been contracted for: A brick struc-
ture on Pacific street. between SansOme
and Battery. cost $4,000. A row Of houses
on Sixth avenue, between California and
Clement streets, cost about $4,000 A
$4,000 dwelling on Turk and Willard. A
$500 dwelling on Twentieth, east Of Va
lencia. A frame building on Natoma
street. near Eighth, cost $4,000.
Tho California WOman's Hospital, on