The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1893-11-11
Real Estate Offers Good
Opportunities.
INVESTMENT WILL REPAY.
Money for Realty Shows Signs of
Being Plentiful.
SOME NEEDED IMPROVEMENTS
Land South of the Park Suffers From
Distractions of the Railroad Com
pany at Stanyan Street.

As rule, people do not seem to under
stand that the present is a good time to
buy real estate in San Francisco. Intend
ing buyers are holding back from day to
day and week to week, and then refuse to
take advantage OF many bargains offered.
They mistake their action for business
astuteness. Those who would buy in a
different quality of market are careless.
whether from want of confidence in realty
investment or through disposition to be
very conservative in paying out money
when times are quiet only themselves can
tell. But this is what the real estate mar
ket must expect once in awhile, without
any apparent cause. If people would use
as good judgment in buying real estate as
in ordinary business transactions there
would be no undue Initiation of prices. In
other words, there would be no booms
that have no intrinsic conditions to sus-
tain them, such as the advent OF new
railroad or the establishment OF some class
of enterprises, etc. Real estate is too often
bought as stocks are-that is, without ma
ture knowledge of the situation.
However. the steady and sound move
ment which keeps going on in realty for
dwelling sites and occasionally for busl-
ness investments IS not lacking IN the
by the banks, which are now preparing
for a new term Of prosperity. Inquiry is
satisfactory, the records show fair num-
Der of transfers, and one evidence of the
fact that money Is easy is given In the pay
ment of sums in excess OF terms required
in installment transactions.
A word for property south of the park
is seldom said at present, while over the
way Richmond has been watched with in
terest by spectators and persons buying
real estate for legitimate needs. Still the
Indications point to stir that may be
fairly lively in the district east of the sand
dunes and adjoining the park. The Metro
poitan electric line has run into the heart
of this land, and by so doing, opened de-
business houses. The Mldwinter Fair will
have an entrance Immediately opposite
and great Ecrowds will have their attention
attracted toward Southslde and its pictur-
esQue surroundings.
Another improvement will be the sup
planting of steam locomotives by an cleo
:ric line along II street, and then the Park
Commissioners will liKely get back from
the Southern Pacific Company the SPACE
now covered by uDsightly depot sheds,
which mar the first view of Golden Gate
Park from Haigbt street. Once this eye
sore was gone corner OF the park possess
ing natural beauties and opportunities for
and the public to whom it rlghtfully be-
longs. In this corner there are nurseries
for flowers and forest trees, which might
be arranged so that people could walk
through them and see the deeply interest
ing processes of raising trees and plants
from seeds. The fence would extend SOUTH
ward from the Haight-street entrance, just
two blocks. presenting an imposing front
view of the park.
As the street railroad company has fran
chises over Stanyan street to II and then
along that thoroughtare to the ocean there
can be no excuse for maintaining sheds
and rails in the park. Real estate men
appreciate fully the benefits this change
would bring to property In western Ash
bury heights and that large tract lying be-
tween Ii street and Sutro's pine-covered
mountain as far west as Twelfth or Fiji
teenth avenue. The steam railway, with
its sheds. roundhouse and coaLbunkers.
stands in the way Of progress westward
along Fl street, and until the land is made
inviting not a great deal can be expected
around there. This is not single opini on
merely, for the best real estate agents are
anxious to see change il possible before
the exposition opens.
Will Z. Fisher 81 Co. report having sold
the following twenty-seven lots in Fair
subdivisions, Holly Park Tract: South
east corner Mission street and Cortland
IL
feet south of Cortland avenue, 25x101 IS.
$500; Cortland avenue. 1866 feet east of
Mission street, 25x100, $1,000; Cortland
avenue. so feet east of Mission street, 25x
100 5000; Cortland avenue, so feet west of
Bennington street, $500; Cortland avenue
% feet east of Bennington street, 25x100
$500; Cortland avenue, so feet east of Ben
nington street, 25x1OO, $500; lot and i'm
provements. corner Cortland avenue and
Andover street, Let 76:1RxSS, and a
cottage, $4,000; Bennington street, 100 feet
south of Cortland avenue, 25x100. $3.50;
Bennington street. % feet south of Cort-
land avenue. 25x1O0, S450; corner of East
avenue and Bennington street, % :9x9S,
$3.50; Holly Park avenue, 120 feet west of
North avenue. 29x132, $500; North avenue,
240 feet south of Cortland avenue, 25x12S %,
$3.50; Elsie street. lis feet south of Cort-
and avenue. 25x12S:9. $3.50; Elsie street.
$40 feet south of Cortland avenue, 25x12S g,
$3.50; three lots on Santa Marina street,
25x100, $3.50 each two lots on Ellert street,
west of Bennington. 26xS7 6, $500 each !;
two lots on Newman street, east of Ben
ningtop, 25x100. $3.50 each; two lots on
Bennington street. 25x100, $3.50 each; New
man street, west of Bennington, 25x1O0,
$3.50.
Sol Getzl& Brother Of IS Post street re-
port the following sales last week: Lot
25y120 on east line of Ninth avenue, 125
south line of FL street, 57:6 feet east of
Ninth avenue. 5000; 25x120 OH west line
of Eighth avenue. 200 feet south of 81
street, $500; 50x120 on east line Of Thirty
sixth avenue, 225 feet north of K street,
$500.
Baldwin g. Hammond are subdividing
the block bounded by III and / streets and
Ninth and Tenth avenues. south CT Golden
Gate Park. The streets are graded ant
macadamiZed. and the lots will be offered
at very reasonable figures, as they must
be sold before January l, 1894. One cor
ner, 57x1O0 feet, at Ninth avenue and FL
street has been leased for three years at
S1o0 month.
The building trades have bad good
week in handling contracts awarded for
new buildings and improvements to old
houses A whole nest of small buildings
is about to spring up Immediately west of
the Bay District track and along d street.