The San Francisco call., 1904-08-22
Revival of the OId-Time
Auction Sale Proves to
Be an Unqualified Success
NE w FACTORY PLANNED
Suburban Towns Show a
Development in Prices
and in House Building
Oakland Office San Francisco Call.
1915 Broadway, Aug. II.

The first auction of real estate which
has been held in Oakland for some time
took place yesterday afternoon. nearly
twenty fine residence lots in a tract
near Telegraph avenue and Fortieth
street being sold at prices ranging from
$500 to $3.50. These lots are within few
minutes walk of both the Telegraph
avenue cars and the Fortieth street line
of the Key Route ferry system. and are
excellent sites for the erection Of
homes.
Among the purchasers were: c. S.
Bernard, one lot; A. Ellis, two lots; Nj.
Koenig, two lots; A. Sorenson, two lots;
W. Werts, one lot: L. Turkleson, one
lot; E. H. Dettner, one lot; NJ j. Bet
tencourt, one lot, and ]. Z. Foster, one
lot.
The Continental Paint and Varnish
Company has just purchased from A.
j. Breck through the Laymance Real
Estate Company four lots on the north
side of East Twelfth street. west of
Nineteenth avenue, for the erection of
factory for the manufacture of paint,
varnish and building specialties. The
work of excavating for the foundations
of the factory building has already
been commenced and the company has
chinery to be delivered as soon as the
structure is completed The officers of
the company who will have charge of
the local factory are: w. n. Benedict,
president and general manager; w. H.
Hoyt, secretary and superintendent of
the factory, and A. M. Freeman, vice
president and treasurer. All are men
CT wide experience in the manufacture
of paint and varnish.-
The following is from Holcomb, Breed
& Bancroft:
We find most satisfactory demand for
building lots costing from $500 to $2500. and
for dwellings costing from $1,000 to SJ0O0
Some inquiries are from people in the Middle
West who are coming to California with the
intention TO settle in Oakland.
Inquiries which are of particular interest are
for building lots in the Santa Fe tracts from
San francisco rent payers. from Oakland and
Berkeley people, and even from resdents e. OF
various parts Of California from Chico to san
Luis Obispo. One instance among many which
may now be cited is that of a family paying
S33 per month rent for apartment of three
rooms in San Francisco. This family has
bought a lot 40x135 in the Santa re Tract,
street station Of the Key Route, which is just
twenty eight minutes distant from San Fran
cisco. The price of the lot Is $3.50 The pur-
chaser is now erecting a six or seven room
house costing $1,000 thus making an invest
ment of $2T50 for home. At per cent In
terest on this Investment this family will be
at expense of $13 10 per MONTH. as com
pared with $S3 per month rent In san Fran
cisco and will have the advantage OF large
roomy house and lot instead OF the three rooms
now occupied by them In a San Francisco
apartment house. Other advantages are the
mild climate, opportunity for flower gardens, a
good view of the Berkeley hills and OF the
bay good schools and all street work, includ-
ing cement sidewalks. completed without ex-
pense to the lot buyer.
On some days of the week from ten to
twenty persons may be seen at one time walk
| ing or driving over the Santa Fe tracts, Sc
| lecting lots. These purchasers come over the
Key Route and Southern Pacific local trains
from San Francisco and over the Grove street
and other street car lines which pass through
| or near the tracts. Many San Francisco people
| are among the purchasers, who are finding in
| a solution of the disadvantage under which
they rest in paying high rents.
| Other local dealers report market
conditions improving as the vacation
season draws to close.
The members of the Elmhurst i'm
provement Club have taken up the
matter of the Incorporation of Elm
hurst and a committee has been ap-
| pointed to make a canvass of the COM
munity in order to determine the SEN
timents of the residents in the matter
The members of the committee are Dr.
| w. F. Lynch, s. I. Chaplin and A.
Frommenwiler. They will make a re-
! port at the next meeting of the club
on August 20.
| HAYWARDS, Aug. 21.-A large num-
| Der of new buildings are now in course
of construction in Haywards, and dur
| ing the past two weeks there have been
several large transfers of real estate
Among the most important of the lat
| ter are: Cottage and lot, J. B. Prowse
| to NJ. Jacintha $1100; lot in Anspacher
| tract, ]. B. Prowse to N. b. Borree,
| $500.
BERKELEY, Aug. 21-Newton &
| Needham report sales Of some of the
choicest building lots in North and
Southeast Berkeley during the last
month Among the purchasers are Ad-
miral Merrill Miller. Professor Hat
| field, Professor Kennedy and the Rev.
Mr. Heacock. They have been success
| full in negotiating the sale of two lots
in the business section on which sub
stantial buildings will be erected.
The biggest deal of the week was
negotiated by Juster & Baird. 1t con-
sisted in selling what is known as the
| Phillips block on Center street, between
| Shattuck avenue and Oxford street. to
| BENJAMIN Bangs, the local capitalist
By this deal $4,000 changes hands, the
money going to Phillips and Lewis, who
have owned the property for many
years. The new purchaser will make
extensive improvements on the prop
| erty, but will not change the general
character of the stores and rooms in
| the building upon 1T.