The morning call., 1894-03-10
In Buying the Future Is
Not Considered.
A NEW TURN IN AFFAIRS.
Mercantile Aspect of Realty
Transactions.
IMPROVEMENTS IN RICHMOND.
Present Incomes Taken as the Basis
of Values of City Real Estate
in Most Cases.


own with regard TO other business. The
time appears to be past when people buy
for speculation or take future cOnsidera-
tiOns into their calculation. What is most
apparent is close estimate of the present
value of property as a business prorOsi-
ton, its actual profits now, either for
dwellings or stores, and the interest il will
pay above all expenses. These being sat
Isfactory sales are made freely enough,
the question Of security hardly entering
into deliberation of buyers. as it is a
fOregone conclusion that San Francisco
real estate at present market prices is alb
solutely SAFE Possibly values might be
affected so as to fall tri1e lower 10y local
causes, but this does not seem at all likely
from any point Of view, and even if they
did take fall, the decrease would be only
temporary, for the constant growth of
the city guarantees Increased values event
ually.
The only real difficulty encountered is a
rather weak basis on which estimates of
income must be made. and, no doubt, re-
sulting from something like extravaganza
IN the past. In other words, there were
too many houses built for immediate needs,
and the supply thus OverTeachlng the de-
mand, rents have been reduced. The
prospective purchaser takes the lowered
naures and upon them estimates how much
he will receive from his investment. so to
suit his ideas the price must necessarily be
reasonable.
From indications in the building line. as
well as In a marked tendency toward in
yeSting money drawn from savings banks,
agents look for a fair spring market, al
though the purely mercantile aspect winch
real estate transactions are assuming has
developed conservative and haltlng con-
dillon OF affairs In this business.
At the present time the most important
improvements are going on In Richmond.
The block bounded by Twenty fourth and
Iwenty-hfth avenues and G and ID streets,
owned by Stewart MenZies, has been
graded 10 the official level. Twenty-fourth
avenue is now open through the sand hills
from the park 10 Point L0bOs avenue and
The Street Department will see that no
drifting sand covers the new thoroughfare.
Owners OF property on both sides will be
required 10 bulkhead the sand or conserve
It With bunch grass and lupine-a move in
the right direction, which II followed out
according TO municipal requirements may
result in retaining all the sandy district
lying between the park ana Point Lobcs
avenue. Grading on the Seventeenth ave-
nue. entrance Tn Golden Gate Park is
finished and broken rock is being laid
there 10 make foot path twenty feet wide
10 the north drive just opposite Straw
berry Hill. Switches have been put in on
The steamcar line on ID street. between
Seventeenth and Eighteenth avenues, so
in a week or two the cars will 60 westward
as far as this newest entrance. Some good
work has been done on Fifth anu Sixth
avenues, close TO the TacecOurse and
around the extensive concrete foundations
for the new French Hospital.
Among the representative sales made by
o. +. Won Rhein il Co. are the following:
Int D-y-G &C of
street. between kearny and Dupont, with
tw0-story brick building. 737 Washington.
$4,000; lot on southeast corner of Stockton
and Washington, 2Sx30. with old improve
ments, $3.50; lot 53X100 on northwest cor
ner of Suffer anu Fillmore. vacant lot,
800; lot 50X100 on east line OF Florida.
100 Ieet north OF Solano, vacant, 5000; lot
25x114 on north line Of Twenty-eighth,
east of Sanchez, vacant lot, $3.50; lot on
south line of Filbert, % :Gx13T :6, west of
Montgomery, 500; lot 50XlO0 on east line
of York, south OF Army, $3.50; lot on east
line OF Hyde. 22x60. south of Filbert; lot
on south line OF MarpOss, IS east of
Florida, II 4X75, with leveliDg, $3.50; lot
on south line of Nineteenth, 225 feet west.
p feet front ana Irregular depth. with
dwelling. $3.50.
DIR. Roehemont & Poehlman report the
sale of lot 30x72, on Lake street, near
Tenth avenue, for SS2J. and lot 32xS0, on
Francisco street, near Van Ness avenue,
for $500.
Since the extension Of the Sacramento.
street cable road along Lake street nu-
merous inquiries have been made for lots
offered by Baldwin IL Hammond in that
vicinity.
Fisher e. Co. report sales as follows:
Three lots on Shotwell street, north of
Twenty-ffth. 25x122 &c each, $1,000 apiece;
lot on east line of Harrison street, 104
feet north of Twenty fifth, $500; lot
25X100, on north line of ifaight street %
feet west of Webster, $500; lot and i'm
provements on Folsom street., near Eighth.
$500; lot on north side of Lake street,
25x72. % feet west of Second avenue,
S1100: four lots on west line OF Sixteenth
avenue, 100 feet south of c street. $50
each, lot 9. block 10. Holly Park Tract,
$3.50: lot on Tenth avenue, near street.
25X120 $3.50.
Baldwin q Hammond sold the southeast
corner Of Fulton and Lyon streets, LOOK
96:1O, for S9250 also the southeast corner
CT Lake street and Fifth avenue,
q :6X100. $3.50, and two lots on Carolina
street. near Yolo, 25X100. for $3.50 each.
The sale Of tue northeast corner of Hunt
and Third streets is reported. The area
is 4oxSo feet, on which are improvements
bringing an income Of $40 month. The
property was sold for $40 500.
According to the builders contracts
filed for record the following new build
lngs have been begun: four-story and
basement building on Leaven worth street,
near Eddy, cost So $50; atwo-story frame
on Twenty-third street, near Sanchez, cost
$500; residence on Jackson street, near
LsGuna. cost $4,000; building arranged
as store below and flats above al Seven
ieenth and Castro streets. cost $4,000;
dwelling on Capp street, near Twenty
third, cost $4,000; a three-siory build
ing OF flats on Golden Gate ave-
nue., near Lyon street, cost $1,000;
cottage on Douglas street, near Alva-
RADIO, cost $500; two One-stOry buildings
on Guerrero Street, near Twenty-sixth,
cost $4,000; four fats on Hayes street,
near Lott, cost $1,000: two buildings on
Green street. near Scott. cost $4,000; a