The San Francisco call., 1910-01-15
SPRING OUTLOOK
MOST FAVORABLE
Dealers in Real Estate Look
Forward to a Big Develop
ment and Improvement


poets for a prosperous season as soon
as dry weather sets in are bright.
Since annexation became effective in
the middle of December, about $4,000
has been spent for building construe-
tion in the new districts OF the city.
despite the fact that the season of the
wear is not favorable to building.
Real estate men predict that with the
opening Of the spring construction in
the annexed district viii go ahead at
= very surprising rate. Fruitvale leads
al the other annexed districts in the
number. of permits applied for during
fhe first month following the election.
Nearly all the new buildings were cot
tages and dwellings which cost on an
average of between $4,000 and $4,000.
APARTMENT HOUSE SOLD
The big apartment house on the west
: ide Of Brush street. just south OF
Nineteenth. was sold this week by
Mrs. William +. Schroeder 10 Clark d
Clark legal firm Of this city. The
deal was negotiated by D. F. Minney.
Thirty thousand dollars was the price
paid for the building. which contains
= bout SO rooms and was built less than
two years ago.
Big Improvement schemes are under
way in the district west of Market
street and north of Sixteenth street
one of the most important of these is
The proposed reclamation Of the
marshes in that territory. Two years
ago the city forbade further deposits
Of refuse on the garbage dumps in the
neighborhood Of Twentieth and Wood
streets. and il is now reported that this
area will be dressed and topped with
- ts,., f-rrrrr Tffar1 fnf
extensive Improvement schemes
SANTA FE BETTERMENTS
Since last fall the Santa Fe has been
building in this district and now has
its lines completed from the Emery
Vile yards south to Twentieth street,
and nearly out TO the proposed freight
terminal station at A6eline.
The proposed electric line Of the
Southern Pacific viii also run through
The west side marsh section, and the
traction company has a line connecting
with the Kev Route ia Poplar street
which cuts through the same district
little nlHng and seweri work will
be all that is necessary TO make this
entire territory one of the choicest
manufacturing sites in Oakland. Near
by lies the Key Route basin. where gi-
Sautic water front improvements. which
viii make ii an important industrial
and commercial quarter. viii be made
within the next FIVE years.
The De Fremery property is now be-
ing converted into one Of Rhe most at
tractive parks and public Fairgrounds
jn this city. This estate is located on
the edge of q district w ,h seems
destined TO an important industrial flu
ture, and il viii undoubtedly prove
10 be the dividing wedge between the
old residence section and an important
new business tract
HIGH CLASS RESIDENCE PROPERTY
The Laymance real estate company
reports continued lively interest in
Rock Ridge park, their new subdivision
in the Broadway hills. one block east
OF College avenue. The instantaneous
success that met the placing Of this
property on the market last October
has proved conc1usively that the Oak
land real estate market is strong and
that the demand for high class resi-
dence property in location where the
property is desirable and buyers are
protected by suitabl building restric-
tons is unsbated
In this connection Fred f. Reed, sub
division manager of the Laymane real
estate company, said:
Give the public what they want
and at prices that they can see are
right, and II It's in Oakland or
Berkeley there's no difficulty in
selling. The chief trouble has been
either that property offered for sale
was not in itself desirable or was
not protected by suitable restric-
tions or that prices were too high.
Claremont park, just across the ra-
vine from Rock Ridge park, was
from $50 to $50. The as assessed Tai- ss
uauOn OF all of Claremont park
AT that time was made on basis
Of $500 an acre. Five years later
RI SC Cn17 fne for fro
$50 TO 800 and the assessed valua-
tion has risen to $500 an acre, an
increase Of over 1000 per cent
The reason for this remarkable
increase, which has clearly been
accompanied by the taking of
enormous profts by the original
merely that Claremont park has
met the desire Of large numbers of
buyers. The forethought of its
original owners in creating such a
MAGNIFICENT subdivision with such
splendid restrictions has added an
immense number of new homes 10
berkeley, not only IN Claremont
park but in all OF the districts
Immediately adjacent. Not only
have assessable values been created
~ Claremont by reason of the
subdivision was laid out by its
owners, but the entire CITY of
Berkeley and Oakland as well have
felt the influence and both cities
sequence of Claremont park.
Likewise in Piedmont. Five years
ago what is today the best resi-
dence property in the city Of Pied
mont was assessed by the county
assessor at $500 an acre. The last
assessment, that of 1e09-lO was
made on basis of $500 an acre
an increase OF 500 per cent in five
years This tremendous increase
too, represents only about half Of
the increase in intrinsic value as
the assessors figures are usually
taken at about half of the real
valuation. Piedmont started FIVE
years ago at $40 to $50 a foot To-
DAY IL Is selling from $50 to sIO0
The increase has come for the
same reason that IL came to Clare
mont park-merely because these
two properties have met the desire
OF buyers 10 have their homes on
properties beautiful in themselves
and protected by restriction against
undesirable home builders.
Work was started Thursday on the
second house in Rock ridge 1t is an
eight room Swiss mountain cottage and
is being built for r.. S. Harris from
plans by A. w. Smith, architect. The
cost viii be $3.50.
COSTLY IMPROVEMENT
The two story addition to the
Oakland Bank of Savings building is
now nearly complete and will soon be