The San Francisco call., 1908-05-30
Property Owners Become More Reasonable
and Brokers Predict Buyers Market

Real estate operators are comment
ing on the disposition .of property
owners to be more reasonable in their
demands, for during the past few
months holders of downtown lots have
been coming more nearly to what is
considered just valuations They
complain, however, that property
holders on small streets south of Mar
ket are still holding up values, though
in many Instances they have come
down from $3.50 and $500 TO $3.50.
A well known real estate man in
discussing the situation said:
1T is going to be a buyers market
a man can afford to buy row and
build, for the cost of construction is
low, and he can rent more cheaply
than he could before the fire. Even if
he does pay more for his lot building
viii be much cheaper to erect This
fact should impress itself on the minds
of investors. This is the time to buy
and to build
This advice seems to be followed, for
the number of flats in course of con-
struction is large. Building permits
from Monday to yesterday amounted
III value to $9I7 ,537. and last Saturday,
which was short day, there were
eight permits issued and five were for
frame 1atsl In all sections of the
city there is noticeable activity in the
building of residences. The district
north of California, the destroyed area,
is being rapidly rehabilitated, and the
majority of the houses are larger and
better than before the fire.
1t is estimated that when the build
ings under construction in the down
town district are completed there will
be from 10000 to $4,000 offices in the
city There is, however, no fear felt
as to their being rented; within week
there has been revival of the de-
mand for office quarters, and all the
firms doing a renting business report
unusual activity in this line. The
Butler building in Geary street is
rapidly filling up with professional men,
and there has been an increased in
quiry for offices in the Mechanics bank
The cost of keeping up an
office is estimated at about SO room,
and at the present rate of rentals it
will be seen that the figures asked
for offices in new and modern buildings
are not high.
A loan of 100000 was made to the
Edward Barron estate company by the
George W. Hooper company during the
week to complete the Bellevue hotel
in Geary street. It was covered by
mortgages on the property at the
southwest corner of Geary and Taylor.
1t is understood that no time is to
be lost in finishing the building, which
will be one of the largest hotels in
the city. The new Granada hotel in
Sutter street, which has been built by
DR.. julius Rosenstirn, is also near
completion and should be ready for
occupancy within short time.
AT PARKsIDE
The Parkside Realty company is pre-
pairing to open Parkside. The tract is
in splendid condition, and every ar
rangement has been made to inure to
the comfort of the prospective buyer
More than seven miles of streets and
sidewalks have been constructed all
graded and macadamiZed and placed on
the official city grades. A complete
sewer system has been installed and
water mains laid throughout the entire
-ract Street railway construction has
been in progress for five months past. |
The Ingleside car line has been in op- |
Grafton for some time and the Twen-
-ieth avenue line from the park is to |
De in operation July l. The completion |
,f this line will give access to Park |
'ide and the Sunset district over the
5aight street car line the OFarrell !
md Ellis street lines, thence transfer |
ing to any part Of the city or by the I
line, which will transfer TO /
-iso give residents of the Mission dis
rict a direct outlet to the park and
he ocean beach.
water gas and electric service are
n the ground and sewer and street
Tork finished. The new boulevard from
ngleside to the beach, recently accept
d by the city, affords access to its en-
Ire southern boundary. 1t is 20 feet
vide and over two miles in length, con-
ectlng the great highway with the
nineteenth avenue boulevard and the
amino Real, the new automobile boul-
ward leading from San Francisco to
an Mateo county. The land value and
ost of its construction aggregates over
10000. The total cost of improve
1ents at Parkside to date is about
l'ooo.oO0, and about half million
1ore is to be expended. Parkside is the
Testern extension of the Mission warm
eit and climatically is much to be de-
ired.
The most important event in PENN