The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1894-06-02
REALTY IMPROVES
Agents Report a Change
in Affairs.
SALES SHOW CONFIDENCE.
Richmond Property Grows Firm
Over Its Prospects.
A FAIR OUTLOOK FOR BUILDING.
The Public Administrator to Estab-
Iish a Precedent in Disposing of
Probate Property.

Affairs in the real estate line had every
appearance of beginning to assume more
prosperous aspect during the week. In
some offices considerable inquiry is re-
ported and a fair proportion of transfers
has followed. while in general 1t may be
said that the agents feel change for the
better coming. On account of the new
movement in Richmond for a streetcar
line to the ocean guaranteeing nickel
fare, and also Sutro's promise to build
without delay. owners of Richmond prop
erty have stiffened up trif1e, and inquiry
seems to improve out there.
The convention of the State League OF
Building and Loan Associations in this city
this week was an important event viewed
from its Influence on real estate. With
the right kind of men. who have public
confidence, in the management of building
and loan associations there is no reason
why San Francisco should not follow the
example Of Philadelphia and be q city OF
homes in every sense of the word.
The Public Administrator has deter
mined upon holding a public auction sale
of real estate and improvements to close
up some estates on his hands. In this
action he is establishing a wise precedent,
as there can be no ground for either sus-
picion or dissatisfaction over Administer
tors sales in future. The auction will be
held by Baldwin 81 Hammond on June IS.
There will be eight or ten pieces on the
catalogue consisting of good investment
property and real estate that offers a good
opportunity for speculation.
The three-story brick building and the lot
5Ox596 on the southeast corner of Mont
gomery and Clay streets is reported as
having been sold. The price is placed at
or near $4,000, but this is not yet made
public by the contracting parties.
The vacant lot having a frontage of 1913
on Ellis street and a depth of 1871 20, ad-
joining the Young Mems Christian Assoc
citation. is to be improved with hand
some building Of siXstorles. The estimated
cost is $4,000. The arrangement is for
hetel of los rooms and stores beneath.
The most important event of the week
In real estate circles was the sale of two
properties 10 the wholesale business dis
trict. w. OBJ. Marlborough sold TO James
d. Phelan for $685. 900 the Elsmere Hotel
on Suffer street. east of Powell, 81 3 on
Suffer street by 1871 IS In depth.
A. B. McCreery, through his agents,
Baldwin & Hammond, purchased the north
west corner of Battery and Clay streets,
6S g on Battery by II IS on Clay, for S45,0 600.
In this case the seller was also Macdon-
ough. An old building stands on the lot,
but il will not be removed.
At the auction sale held by Easton.
Eldridge & Co., last Tuesday, sixteen lots,
25x120, on the east side of Tenth avenue,
between California and Lake streets, sold
for from 1855 to S625 each. Three at $3.50.
eight at $500, one at S625 and four at 500.
Lot 45x100, northeast corner of Cali
fornia street and Tenth avenue. brought
S2125.
Lot on the northeast corner OF Broad
way and Laguna, 50x137 e. sold for SIS 500.
Lot and an 11-room residence on the
north side Of Pine street, near Octavia,
35x137 &c. sold for $500.
Sol. Getz & Brother report the following
sales this week:
Lot 25x12O, on west line of Eighth ave-
nue.. 200 feet north of ] street. fer 1920;
lot 50X120. on east line of Twenty seventh
avenue, 100 feet north of K street; lot 25x
loo Oh south hno of Nj street. 1915 ieet
west of Eleventh avenue, for $500; lot 25x
100, on southeast line of Athens stree 20
feet northeast Of Persia avenue, In Excel
sior Homestead, for $500.
NJ. 3. Levy reports the following sales ::
Northwest corner Seventh and NatOma
streets, lot 25x75, $4,000, no improve
ments; northwest corner OFarreil and
Laguna streets, lot 46x94:6. $4,000, va
cant; Bush street, north side. between
Laguna and Buchanan. lot 81 :6x137 Is, va
cant, $500.
Fl. S. de Rochemont has retired from
the firm of De Rochemont & Poehlman,
anu tue business IN future VIII De oOn-
Quoted by III. E, Poehlman at 415 Mont
gomery street.
Building contracts were filed this week
al the Hall of Records, as follows: A
building on Baker street. near Bush, cost
$500; twO-stOry struc ure on corner of
Sacramento and Buchanan streets, cost
$4,000; improvements on lot on Union
street, near Laguna, value $4,000; on the
Russell j. Wilson residence, Oil California
street. near Laguna. SIG, 600; two flats on a
lot on Fulton street, near DeVisadero,
value $500; six flats on HYDE street, south
of Bush. cost $4,000; on the seven-story
stone and brick building which is to be put
up on Market street by Miss Emma
Spreckels. further contracts for $50 600; a
cottage on Eighth avenue, near California
streat cost S22O0