The San Francisco call., 1909-01-09
YEAR OPENS WELL
FOR REALTY DEALERS
Operators Expect a Busy Time
During the Next Few
Months
Inquiry Is Increasing and Money
Is Obtained on Easier
Terms

estate firms and several transactions
during the week were OF such char
seter as 10 make operators expect
busy time during the next few months.
J. r. Howell, in speaking OF business
prospects tersely expressed the senti-
ments OF real estate men oy saying
that none wanted a boom, but all de-
sired and looked for a steadily in
creasing business.
John H Speck, always conservative
in his views, was optimistic, and re-
marked that the increasing inquiry was
a good sign. and, what was better still.
money could be obtained on much easier
terms.
All operators say that the demand
FOR downtown property is increasing,
and that there is naturally scarcity
Of this class Of property. Those seek
ing locations IN the wholesale quarter
for investment purposes have TO look
70 Chinatown as the best place wherein
70 invest on account OF their being un-
able 70 secure property in the business
district.
Several sales have been made in
Chinatown and there are several more
under consideration. In the opinion of
real estate men who have given China
town attention, Dupont street from Cal
ifornia 10 Jackson is far better now
than before the IRE, and there is a
strong effort TO get hold Of property
along the line Of that thOroughfare.
II IS said that a sale is pending for
= lot in Dupont street where the
amount involved is close TO Sl50,0O0.
In discussing the matter of invest
ments, a wei known real estate man
observed that there was a q smand for
the smaller class Of roOming houses,
and that a man who built a house of
less than so rooms would be sure Of
dnding a tenant, and the person taking
the building would find il also profit
able
The reason. he said. of some Of the
large lodging houses or hotels in the
burned district being without tenants
was that the owners asked too high a
rent.
II rents were more reasonable there
would not be q vacant house in the
burned district. He gave II as his opin-
ion that the smaller class OF lodging
houses in the burned district would pay.
II requires a great deal of capital
10 run a large house, and the daily
outlay is also considerable, and the
individual rents that have to be asked
in order to make them pay are almost
prohibitve. He, therefore, advises the
building Of small lodging houses on the
small lots IN the burned district as the
best way to rehabilitate this quarter.
This can be, done, he adds. If the
suggestion is carried out TO build with
nine inch walls in buildings used ex-'
clusively for dwelling purposes and not
over three stories in height This. he
thinks, viii solve the problem for the
small lot owner.
Inquiries From East
L. ". Coffee, manager of J. w.
Wright & Co, reports activity in sub
-
that investors OF the world are seek
ing land in California, particularly
ABOUT the bay He says that scarcely
DAY passes without inquiries coming
from the extreme east and that J. w
Wright & Co. have deemed il advisable
10 establish connections in several
large cities in the east Coffee saws
mat his total business in suburban
property amounted TO more than $780,
600 during 1908. The city of Rich
mond was one OF the principal places
Of operations
The firm invites the public to attend
the opening day Of Rock Ridge ter
race, Berkeley, today.
Completing Big Building
One Of the handsomest structures
in the new retail district is the Rosen-
stock building, which will be ready to
receive tenants soon. It is seven
stories high, class A, and has a 'front.'
age OF go feet in Geary street running
. back l22 feet 10 Union Square avenue.
The entire ground floor and basement
Of the building has been leased to the
Golden Pheasant for 10 years, while
floors.
Will Open Fine Tract
William Cranston has organized the
University Realty company at PaIo
Alto, which will do a general real es-
tate business in San Mateo and Santa
Clara counties. It is understood that
the company VIII put a fine tract on
the market soon.
"EdgewOod" Changes Hands
Residents of Napa county will be in
teresteo 70 know that "Edgewood. .
near Rutherford, has again changed
hands and that recently it has become
the property Of W r O'Brien.
This home, which is very beautiful.
was for many years the favorite resi-
dence Of Judge Hastings. It was sold
by Vincent & Patterson for Louise G.
Maud TO OBrien, and the purchase price
was IN the neighborhood of 0,0o0.
Leasing ThurIOw Block
A J. Rich & Co. report that the
leasing Of the ThurloW block is uro-
crossing fayorably. OF the six stores
on the ground floor they have leased
four. and OF the three upper floors
they have leased two. There are only
two stores and one loft left to be
rented.
Two Big Sales Made
One OF the important sales Of the
week was made yesterday, when Mrs
Augusta X. Gibbs sold the southeas
corner OF Market and Main streets fol
s125,oo0 The lot has a frontage OF
s5-loxlS7:e and was sold direct
The name Of the purchaser has been
withheld for the present
Another important sale was made BY
q. Gutzkow, who sold q lot in the soutf
line Of Market street between Sixtt
and Seventh for ss5, 600. The lot ha,
q frontage Of IS feet and extends l6!
feet 10 Stevenson street.
Report Brisk Market
Sol Getz & Sons report a brisk mar
ket and last weeks transactions a
follows:
Lot 25xl00 north line K street 57:e feet ives
Thirty fourth avenue. 10 Louis G. Reno
Lot 50xi2O west line Fortleth avenue $50 fee
north y street. 10 Margaret X. Smith
Lot 25xl2O west line Twenty second avenue
20 feet north B street. 10 W. n. Hohfeld
Lot 5oxl20 east line Forty-Sixth avenue n
feet south a street. 70 Wesley y. Hohfeld
LOT 81 .6xl20 west line Twenfy-fourth avenue
~ .6 feet south Lake street, TO Ward n HoI