The San Francisco call., 1908-03-07
income PROPERTY
IN GREAT DEMAND
Real Estate Agents Are Hard
Pressed by Buyers in All
Parts of the City
Big Buildings Downtown Are
Being Leased for Offices
and Stores

Income property is now in demand
By real estate investors in this city.
The rented fiat or the combination fat
building and store is the structure for
which many OF the downtown real es-
tate men feel a pressing demand, and
locations IL the spreading sections Of
the city-the Mission. the Western ad-
oition- Richmond and the Sunset dis
tricts-are the most popular with the
buyers.
owing TO the tigatness OF money.
coupled with the fact that the majority
OF the most advanta geous locations
downtown are already taken up. the
investor feels that his best opportuni-
ties lie in the centers Of the residence
districts. where the values are secure
beyond the menace of speculation, and
where the improvements already are
up and the rents are coming in. In
ali the trading in this income property
good prices are obtained.
In the purchase of income property
the value is naturally computed on the
income at the time OF purchase That
the investors feel a confidence in the
ability of San Francisco to weather
any attack OF hard times or tightness
OF money. which may be a financial
incident of the presidential campaign
IS shown BY their readiness to meet
the prices set by the owners.
DEMAND RAPIDLY GROWS
Since the first of the year there has
been z rapid increase in the demand
for property Of this kind. and lstterly
II has been extensively felt on the
market as whole. the figures Of the
income property sales. while not great
in the individual instances. aggregat-
ing a large fraction OF the whole OF
real estate transactions.
AS an accompaniment 70 the interest
in income property. there is activity
II the market for residence property
and many sales of dwellings are re-
ported
Leases OF Offices and stores form the
principal business in Go wntown realty,
and during the last week negotiations
have been concluded for important To-
cations.
Probably the most conspicuous lease
of the week was that whereby the
Spring Valley water company secured
the entire seven story and basement
building erected in the south line OF
Sutter street east OF Stockton by
Thomas Driscon and the Atlas invest
lneat company The water corporation
negotiated a 10 year lease on the
structure and for that period viii pay
a rental of nearly $4,000.
The building is class A. and has q
80 foot frontage IN Satter street. The
entire building viii be occupied by the
spring valley company's offices. Large
concrete and steel vaults are now be-
ing constructed in the building They
viii extend from the basement to the
fourth floor
OFFICES EAGERLY SOUGHT
the Warren Payne residence. at SutteI
and Franklin streets. but expects to
be in its new location early in May
Wolf g. HOLMAN negotiated the lease
FOR the interested parties. The lease
was given by Thomas Driscoli and the
Atlas Improvement company.
The Paul Elder building in the same
neighborhood viii be ready for occu-
pancy soon. according TO Thomas
Magee & Sons. the agents The build
ing is five stories in height and is II
Grant avenue near Sutter. The new
White House building is being con.
structed diagonaily across the stree
from the Elder building. The firm Of
Paul Elder company viii occupy a por.
tion OF the building
The Office building center seems nov
10 be along Market street, about Sec
ond and New Montgomery. for there
are lDCdLEQ llt ludyOTlly OF lllc NOS
modern buildings in the city, several o.
which have been constructed entirel,
since the fire. The new Balboa build
ing at the southeast corner of Marke
and Second streets. farthest east o
the group is filling its Offices rapidly
according to Shainwsld. Buckbee &
Co. the agents for the 10 story clas
A structure
Other popular buildings in the neigh
h-r Of q ~ he Mcf-
lis bank building, the First nationa
bank building. in the course Of con
struction; the Union Trust and tn
Crocker buildings.
Information is ece~ed that an erro
was committed in publishing the new
OF the transfer OF property betweel
Lars C. Larsen and Harriet Mccarthy
The Larsen property in Howard stree
was valued at $4,000 and the Nc
$4,000 The difference was paid il
cash. The J. W. Treadwell realt,
company represented Larsen and Specl
& Co. together with Keith, AlcCarth
& Williams. negotiated for Mrs. Nc
Carthy-
The Treadwell firm is now negotiat
ing TWO large sales OF Mason stree
property. The firm is also intereste
in several Los Angeles oeals.
REALTY SALES A RECORD
Interesting figures showing the un
doubted increased activity in the realt
market are given in the San Francisc
Real Estate Circular for February. JUS
issued by Thomas Magee & Sons. TIL
total value OF the property changinI
hands Is the highest in any month
but two during the present fiscal year
The circular gives the following sum
mary Of February sales and says:
Sales in city and county for February. 100:
Section No Sales Amount