The morning call., 1894-11-10
REALTY REVIEWED
Opinions of Agents on
the Situation.
REASONS FOR A CHANGE.
Interest in an Auction of In
VeStment Lots.
OLD COBBLEs FOR RICHMOND.
An Interesting View of Waterfront
improvements by UmbSen'S
Real Estate Record.

With quite active inquiry for desirable
real estate property, an evident interest in
| city land, and steady improvement In all
| parts OF town there is good reason TO be-
| lleve that satisfactory season is about to
| begin. The elections. or rather the politi-
| cal campaign, broke in on market that
was gradually improving, and conditions
| are not a bit better now than they were
| two months ago. Still agents say that
| they can foreSee better times before Jan
uary next and look for brisk spring bust
ness. This is not merely belief crysta-
IiZed out of hopes but an opinion based on
cool judgment. Among other things for a
basis is the election of Sutro for Mayor
and something savoring of complete rout
for the Southern Pacific. All of which eff
feet the local real estate market.
The disappearance of cobbles from the
streets is a matter for congratulations
among men interested in San Francisco.
| The cobble belongs to a primitive period
| ard so has been relegated in the popular
mind to where it justly belOngs-in the
dumps. But IL is plain that the Market
street Railway Company takes quite a
| different view OF this Improvement through
getting rid of cobblestones. The corpora
| ton has control of millions of cobbleS
| taken up from Kearny street and other
| downtown thorOughfares and those have
| been removed to Richmond and different
| places in outside districts to be Telaid be-
tween tracks of new lines. How the Rich
mond Improvement Club will take the re-
| laying of cObbles on streets that will soon
! be fully built up remains TO be seen. 1t is
| certain that Richmond is too far advanced
| 10 have cobble pavemeHts on Sixth avenue
| or Lake street, and that residents of the
district feel that either basalt blocks or
| bituminous pavement ought he laid On city
| streets.
Baldwin & Hammond issued catalogues
| Yesterday for an auction sale TO be held at
noon next Thursday in their offices on
| NJ Montgomery street. The auction offers
special chance for spectators and In
vestors. as tue following properties are
| listed on the catalogue: Southwest corner
| Ellis and Hyde streets, 81 :6x90, rents $3.50;
| HYDE street, near Ellis. A :6x137:6 , rents
S142; Suffer street, near Larkiu, two lots,
33 :9x137 :6; Washington and Franklin
streets, residence and lot. 55X137: 6; Van
| Ness avenue, near Pacific, lot 66x124 and
improvements; Nos. $40 and 520h Howard
street, near First, lot 25xS5; No. 112 Hyde
street, near new City Hall. eight-room
residence; Fifth avenue, near D street, lot
25x12O, rents SIS; No. "a Minna street,
near Second, lot 25xS0; No. % Fremont
street, near Howard, lot 25XS0.
AS there are good investment properties
to be submitted in this sale before the
public, the result will be watched with in
terest by real estate men. Transactions In
investment property have been rather few
| of late In comparison with the volume of
some years past. The great bulk of bust
ness was confined to tram fers of homes
and home sites. and the speculative eIe-
Inent has been almost wholly elmin ated.
| With every indication OF the market re-
turning to its former condition, a test,
| such as the auction by Baldwin 81 HAM
mOnd is expected TO be, may show the
feeling with regard TO property of a specu-
| la,ive or investment character. Should
the auction be satisfactory. il will be taken
| as sign of better Improvement after the
comparatively dull spell that came with
campaign excitement, and is now believed
to be at an end.
In an editorial on the water front of
San Francisco Umbsen's Real Estate
Fairs Improvement of North Beach: "The
utility of the work undertaken is proved
by the fact that already number of ap-
pications have been made for the re-
claimed lots TO be used as sites for ware
houses, lumber-yards, etc. Old-timers
have laughed at the idea of anchorage in
| this unsheltered portion of the bay, but
when the crowded state of the present
port is considered it will be seen that the
time has come when all this new stretch
can be used to advantage. Therefore the
work now proceeding is of great i'm
|
There is another portion of the bay
much of which Is lying idle, from the
Potrero to the county line. This must
one day prove very valuable. The
| wretched accommodations of Butchertown
will cease to exist in few years, and
modern abattolrS at a greater distance
from the city will take their place. When
this shore line is properly improved and
the Seawall built all the way from the
Preside to Hunters Point we shall then,
and not before, be able to appreciate the
vast extent of anchorage at our command.
1t is as it were made to our hand by
nature, and we have only TO develop its
possibilities. What little we have to do
TO improve our port should be done as rap
idly as possible and not foot OF our mag
nifcent bay frontage be allowed to be
idle"
Won Rhein & Co. report sales as follows
Lot on west line Of Church street. near
Ridley. 24X125. $11O0; house and lot on
Pine street, between Mason and Taylor,
50 :6xl55, $11, 500; lot on west line of Third
avenue, near Point Lcbos. 25x12O, $500
lot on south line of Twenty-fourth street.,
near Utah, 5Ox1OO $4,000; house and lot on
north line of Willows street. between
! Valencia and Mission, 26X100, $1,000
house and lot on north line If Pacific
street, near Taylor, 23x60. $1,000; house
and lot on north line of School street.
near Montgomery. 20x40, $3.50; house and
1
Tweuty-fOurth, 55 by irregular depth,
$3.50; lot on south line Of Pacific street,
near Leavenworth, 23x137 Is. S5325; house
and lot on norih line of California street,
near Larkin. q :6xS7, $500; house and lot
on north line of Turk street, near Deviss-
dero. is :9x137 Is, $40, 100; house and lot on
southwest line of Seventh street, near
Harrison, 25xS0. $4,000; house and lot on
north line Of Filbert street, near Dupont.
24xl2O, $3.50; house and lot on east line of
Mason street, near Bay, 40x6S:9 g, $500.
The fourth annual meeting OF the
Eureka Building and Loan Association
was held last Wednesday 10 the Occi-
den tai Hotel The following officers were
elected for the ensuing year: a. Andrews.
president; J. E. Miller. yice-president
Sol. J. Levy, secretary; Daniel Meyer.
treasurer: Reinstein 81 Eisner, attorneys
directors, A. Andrews, George Fre6ercks,
+. T. Dryden. NJ. CUman, J. E. Miller, B.
Goldfish. j. p. Neppert. NJ. Z. Rountree,
Sol. j. Levy.
The annual statement gives: Assets,
SOS. 658 a receipts, S27.126 70; net profit,
$53O6 SO.