The San Francisco call., 1910-10-15
OAKLAND REALTY
PRICES ADVANCE
vast Improvements on All Sides
Cause Upward Trend
of Values

OAKLAND. Oct. l4.-one of the most
important evidences OF the fiourishing
condition. of Oakland real estate is
found in the present frontage and acre
age valuations throughout the city and
outskirts, which when compared TO the
figures OF previous years. bear indis-
putaole testimony Of the wonderful
strides the community is making
through Improvements of wide extent
On all sides. That this healthy condi-
Bon and the upward trend of prices
"lll continue is proven by the vast
amount OF money that is being invested
IN different realty ventures by optimists
who have faith in the return of a large
y Increased principal and big addi-
tonal interest on the original capital
expended.
BIG RENTAL SECURED
More recent transactions show that
property in Broadway from Eleventh
TO Fourteenth streets is held by owners
at value per front foot Of $4,000 up
ward. AS 2 base upon which to rest
these figures may be cited the lease
given TO Bert and William Bercovitch
by Edison 7. Adams John Charles
Adams and Thomas Prather on the en-
TIRE building at the northwest corner
OF Twelfth street and Broadway, for
merly occupied by the defunct Union
National bank.
The terms OF the lease cover period
OF fifteen years at a gross rental Of
SSbo,00o. or monthly rental of $4,000.
me property has a frontage of 56 feet
IN Broadway and 100 feet in Twelfth
street. on a valuation of 100000 the
site as leasehold would yield per
cent. or 10 per cent on $4,000. But
the lessees, according to the contract
must modernize the entire structure.
which will cost in the neighborhood OF
$4,000, and the property reverts back
10 the lessons at the expiration of the
term including improvements.
Transactions in Washington between
Twelfth and Thirteenth streets show a
front foot value Of $4,000. The corre-
spending location in Franklin street
shows a front foot value Of $4,000. and
prices throughout the entire business
YSsnter OF the city. as well as the retail
And warehouse districts. show proper
tionately healthy figures. The same
must be said of the outlying districts.
Land in the annexed territory that
could in previous years have been
bought for a song has now been sub
divided and is being sold for between
81 600 and $4,000 an acre, according to
locality. It is clearly evident that these
figures have been brought about by in
creased population, improvements by
IlANalEs COZ gOIdllNAl ana municipal COH-
Germs and the expansion OF the street
and steam railway systems.
STRONG DEMAND FOR HOMES
The demand for modern homes and
apartment houses continues strong. A
four story structure is TO be built by
the Laconia company near the Oakland
hotel in Thirteenth street. II will be a
four story apartment house with so
rooms. and viii cost nearly 100000
J. c. Wilson, San Francisco broker.
has purchased the Annston apartments
at Twenty second and Webster streets.
involving an investment OF $4,000. with
contemplated modern improvements.
More than S45 900 was invested during
the week in private dwelling ventures.
Most of this was in the First and Sew
enth wards, showing that the outside
district is keeping pace with the
growth Of the central section.
Following is the summary OF build
ing permits applied for at the board of
public works for the week: