The San Francisco call., 1907-02-23

Will command a view not only OF the
ocean and Lake Merced but also Of the
city and bay of San Francisco. With
the completion of the Bay Shore cutoff
and the installation by the Southern
Pacific Company of it's electric subur-
ban line and the completion of the
Ocean Shore, 'Hillcrest" will be within
ten or fifteen minutes of the center of
the town; as 1t is, the street cars will
bring one from "Hillcrest" to the city
hall In less than twenty-five minutes.
The purchase and subdivision of
'Hillcrest" puts upon the market the
last of the properties lying on the
county line. All the streets will be
macadamized and curbed, sewers will
be laid in all the streets and a modern
water system installed. Lots will be
placed on the market at reasonable
figure.
A SINGULAR SPECULATION
One of the most interesting personal
| tiles in the real estate market today
is s. Weinstein, who arrived here about
three months ago from Butte, Mont,
and who is credited by operators with
having made in the neighborhood of
! 100000 during that period. The figure
| Is undoubtedly exaggerated, but it is
true that Weinstein. through his
shrewdness and his great faith in all
classes of real estate, has made good
fee. He simply goes about the real
estate Offices from morning till night.
He sometimes buys property without
ever going to look at it, and sells 1t
the next hour IL he can make few
dollars on the transaction. Only once
did Weinstein lose on a deal. and Abe
Ruef was the gamer. The story is that
he purchased a piece of property down
! town for the sum of $16,5oo and began
to fear that he had made a mistake
Ruef appeared at the psychological mo-
ment when Weinstein was doubling his
Judgment and secured the property for
$4,000.
Weinstein works on one fixed plan.
He buys old shacks and property which
apparently have deprecated in value.
He then improves the buildings. If he
buys house he raises it story or SO.
puts stores on the ground floor gives
the place liberal coat of paint, i'm
proves the plumbing, and rents all at a
stiff figure. He has been known to take
house and lot which brought in about
$40 a month and make 1t yield him
SITS a month.
Weinstein says that his success is
due to making up his mind quickly.
while the other man goes home aud
sleeps over a proposition" he explains.
decision. If you want to make a sue
cess in the real estate business you
have to keep moving"
ACTIVITY SOUTH OF MARKET
A sale of more than ordinary interest,
in that it indicates the shift of whole
sale trade to the streets south of Mar
ket street near the water front, was
made last week. A. c. Luhrs bought
from James Denman one of his water
lots on the west side of Spear street,
between Mission and Howard, for $685.
rr-t-
largely occupied by planning mills and
factories. 1t is now leased by five of
the strongest wholesalers on the Pacific
Coast. At one of its northerly corners
are the Brandenstein and Clun firms.
At the southerly end the Folger firm is
located In the middle of the block are
the Offices of the Sperry Flour Com
pany and Sussman. Wormser & Co. On
the other side of the block, in Main
street, are NJ. Getz & Co. The lot sold
is Immediately south of the six-story
building being constructed for Suss-
man, Wormser & Co. on the old site or
the California planning mill.
The wide streets make abundant
wagon room for the retailers calling
for supplies from the wholesalers, and
the proximity to the wharves and spur
tracks accounts for the shift to this
quarter of the town. 1t is understood
that similar price was refused for a
water lot in Main street Immediately
in the rear of the Luhrs purchase.
George P. Ide & Co. have signed a
ten-year lease with Hawks Bros. for a
two story and basement building to oc-
cupy the old site of the Indianapolis
Furniture Company, in Mission street,
near Fourth. The lot is fifty-three feet
in Mission street and $50 feet deep, run
rung through the Jessie street, and CIV
ing excellent facilities for receiving
and shipping freight. The foundation
will be put in strong enough to carry
six floors and the plans call for mod
ern structure.
Wolf & Holman have sold to the
Levi Strauss Realty Company for the
account of Mary z. Chiffon and Mary
L. Zimmerman the property on the west
line of Valencia street running 16e feet
in Valencia from Clinton Park to Bros
nan street, with a uniform depth on
each of the latter streets of ESQ feet.
The price paid was 100000. This is
the largest transfer made in this sec
ton in years and will undoubtedly set
new values for Valencia street
Immediately after the fire Wolf &
Holman leased this property to Levi
Strauss & Co. and work was at once
commenced on factory building. which
has just been completed. The plant is
the finest and largest of its kind in the
United States. contains over 100000
square feet of floor space and VIII ac-
commodate over 1000 employees. There
has been installed a modern fre-hght-
ing system, by which in three minutes
the entire building could be flooded
with 1000 gallons of water. kept ready
in cisterns, which are supplied by wells
on the premises. There is an elaborate
ventilating system, by which con-
slant change of warm or cold air is
pumped through the building. A cafe
will be maintained In the building for
employees.
Levi Strauss & Co. intend to improve
the property further by the erection of
large brick hotel building on the
Valencia street frontage.
McCREERY TO BUILD
The firm of Baldwin & Howell reports
the following real estate transactions
during the week:
The lot on the northwest corner Of Sutter and
Powell streets, 25xS0:6,f has been sold for &c
count OF Mrs. NJ. Sjoholm to Lawrence Nc
Creary at a price approximating $4,000. Nc
Creary owns the adjoining 5217 feet and has
nounced his intention to construct six or seven
story Office building the entire lot which will
probably be designed exclusively for dentists and
physicians.
ofG Grant and Berry street between Bush