Newspaper Page Text
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1912 BROKE RECORD IN SAN FRANCISCO REAL ESTATE
Apartment House Construction Goes On With Increasing Vigor
Post street apartments designed by Falch & Knoll.
REALTY SALES OF 1912
RUN UP TO $45,175,233
Tremendous Increase Over 1911 Shows That
City Has Entered Upon an Era of
Great Prosperity
I ontorpd upon
'•xtraordinary prosperity It
n by the enormous increase in J
• ■ 'lurlnK the la.»t 1: '■
mo ■ r >T>\ for ion.
The total for UM;: runs up to .«:",
. _• i for the
Following is a detailed review of the!
r'f businese from the advance j
omae SCagree. .v. Sons' real;
• itat< ■ • ■ tar:
There m
total
of $45,175,23:!. This is an nerease o< $9,906,572
oret the record for the year 1911, or 28 per cent.
At ' or the year U*ll was th>- higj>e«l j
tUe Scnrea for th<» yemr 1912 ««, ,
• fore. Ufa i "0 higher than for eny ;
- glace i!i<" Bγ* "f 10u6. The number ol
and i in each of the years, since
0 are giveu herewith:
> p ar f Arii"'inl
:. ?15.r.27.K14
I _:i 2»,H7,»e9
913 47,386,512
•;-, J7.710.157
V.M.4 7,073 45.803f.ft0S
B ■:■: 74.921
. - .-.7 'V< 64.300 '
! 31.816,150
1 7.41s 31.085,471
:: 1,879,073 ;
mm 5.528 31.2Rt.393
1IM! i<,;;: ;::. L-■.
--IPI2 ■..:■.!. -{"..U:., , - , ".".
niose flcßß* clearly fihow the steady nature j
of in tbe real estate market for the •
' K-ing •>.. flrp, indicate a decided
In tii" year just cloned. ■Wβ .
f*nw ilia! the tisurf? for tbe y.;ar just rlost-d I
My with those of f-vry yea_r for i
. .• I .• (.\.C(jit 00 "f , ' ,< l ",
If»oe. To be mire, an Important far-tor fn the
1912 was the pun-base of real
iho municipality for the chic <-enter.
I'urinjt the iijr 1912 then purchases BiaooiltfiJ
,000, whir,i, evn if excluded, would
. ■ ■- total for tbe year,
eed Wll by 19 per enmt, «"'l still)
;i.t;i! for ray year since the fire
$7 OOO.OUO.
ittufaetory total of $48,173,233
i- I for hy a coinparativnly f<-w vi-ry |
i in nißi'e up of a hpavily in- j
rreaninj? number if frotu $46,600 and up- j
■ward. i« W'.rliiy of fimmcnt. During the year j
I»11 thfrn wire recorded j>o sales of $4".i>00 or ]
while in thf year just ctoaed 147 naie* of
$40,000. or ovor werV reeerded; tbia all In addl- !
the increastne busiiipss bning dOOC !u
tod tnedlnia priced properties. t
I.ARCUBBT NAI.KS OK THE VI.MI
The largest sale of the yenr n-a« the eotleuin- j
pnrrjuwe o* 12?. acres of th- Su- j
i ■ ■ side, purchased l>y
• : company, w-hich.
sly recorded. inro]\ort
rosinlately $1,000,000. Tbe suhdiTrstoii
imprnrenieot of rl :- immense trai-t was name- j
diaf«»ly b- . - rb« bk»l Important enb
-Sin of the kind cer attempted in San i
■■• isco nud inf.iiis much 5n the upbuilding of j
city end tb« keeping of ljnr.dn'ds
- efter li
bay "r goinc down tht ,
pentDKOla. Tlv r-oiixtruction of the Twin
t"nnoi win brins !iii< \<r< rty and other prep
believed, irrtl
wttiUn tii- :;u uiinuti- nuline from tbe heart at
Ban I
The next hirer--r ii-fc.r to th<> |
Pootheni Pacißo company nf four block* .-md
portione of t'lt«-k- in th< Bortherly end of \:m
Si-ts arenue on The
F;-fi\ w*f perchaoed for $750,000. Tbeee I
/••,s WTO iijvfiivci in a condemnation
ii«e by the railroail.
Anotbe* la -
1m.ii:., , , ,i t.v I.tikiii
niv.-i- bj 111 Hi" i" 'I' o
city for $700,000, for row as perl of t!i<>
r.'Hicr. Another laru-i- t&ie rM t!i«' nf th« A- l
-• eater p:-"p. n> In U»e north sid ■of
n ".rr,.-i street. IB7U feel treyt nf Powell, «7%>
. with p-,- .. '■■i'\"'S. whion
s«i«] in trade. Anotl i thai
of tlir- former H»tr Brotiioi , !* Iml'dLn* h
■ side of V 1 1 fe«« north-
SHi ,17u Hale B ,ipi'»«l |
p Crtind !..ase. with J
m to buy, :ind rf-'iuilt l.« present bn
nf'i-r the fire under their gronnd lease, and bare
option '•■ bu.v the property.
the property in
oT •:-,]! Btreet, 187% feet
'.' ■ ■ ■ 11.
for the mouth of i><><v>nil»er. sog.
■ year. BQOW ,".*!!>
I total of $3 e22.o»fi.
FIFTY VMI A BBCTtOW
*ertUm, eofDprielng '•'■•■<<; portion of the
city north of Market street jiad MW) of LarkiO,
j the l-'-st retail i>r> jvrty in San
j ■,•;: • its! of 188 s;ii.'s. amounting i
59.fJ»7,047. Thla is higher by inure than j
fi.000.000 tliup tin- tiu'iir.-> fur ihis xectimi in •
l:<ll. Ttie principal calM mad'- in this seotion,
In addition to the salts already noted above,
the following:
The south side of Oary stn»-t. IT. f.- r eaa<
rf Powell 555137:6; the ,went aide of i;t- M
-1 tv street. 32 feet s.mtli of Btufe, <>1 :4\1".7 '>.
in trade: tbe northwea) earner of Keamj
mio Sntt. '.:'■. feet. w»M al au<-
Biitter efreet. 130
esni i, 100x120. lead lot 25x50 in rear:
the Home Telephone btrfldinft. comer of Oraht
arerate and Harian place, sold to the Pacific
Telephone and Telegraph company: the south ;
of O'K»rr«'!l street, -45 feet west of
<Mi.n. 50x137:6; the !i..rt!i side of Bn>h
r>s f<ct pHot of Maeon, yj:C,\fjin: the
' rtheast corner of O'Farrell and Taylor streets,
f!- X*72:«. Bold in trad.-; the west side of But
sircit. fet-t soutli of Knsb. ill :4.x
resold; tbe east s kle of Masou street, 82:6
f««t south of Kddy. 4"x7">: the northwest side of
Ifuttt street. ,sii foot southwest of Sansome,
24:7 fret front, running throuKii to Slitter street,
'on whfcii the front--p'' is 20 feet; the northwest
•'•!, 379 feet northeast of Mar
-■uKir.', BOxlOQ; ilic south aMe of Turk
■irL'i, ].;7:t: reel « a-t <>t Janee. 87:6x187:6; the
north f-i-lf <>f ESta atrcet, 87:<; feet east of
H«»on Mrtft. 60x137:8; the northwest MTBV
0* Butter and r..wel! tti 77:8x112* the
, south >ide of (ienry street, i;; 7:«» feet eaat of
MaKon, ."7:O\i:?7:»i: the southeast corner of KHti
, ami Mbmui PtreetS. 2~\10", anil tbe northwent
leaner of l'acifif and Frool streets, i:j7:«x147:6.
ONB 111 NDKEO > \K\ iIDCCTOBfI
In thi- Mi-tion. hontli of Market street and
f-;i--t of Ninth, tut . Miles for the year Just ended
were 256 in number, and amouuted to $5,634,-
I 870. 'Hiis is $1,400,000 greater In amount than
; for tbe yew , I*ll and nearly $2,700,000 greater
lin amount than for either of the years 1910.
1909 or tfl6&, and $2,000,000' greater than the
! year I!hi7. The totals for this section, there
fore, arc higher than for any year since the
flre. The principal sales in this section during
the year just closed, not already mentioned,
were tbe following:
Tl>e nontheaxt wde of Market street, 275 feet
nertheaal of Blgoth, 8?:6 i>y 165; the tooth
ir«rt center of Sixth and Ilubbell streets. U4O
l.y 275: the woatbeast side of Market street,
385:4 feet northeast of Second. W:* by l.V>;
: tin- southeast sine of Market street. ."><> feet
-i at ierenth, H by 165. sold and re
■ tide "f Nafoma street,
I 115:6 fert northeast of Second. lIM by 155, MM
in foreeloawe wi'b tw.> other propeVttea; the
weal earner of Urantian and first streets, 275
!>t i*7"i: (he southwest side of Has? street, ii2T>
Btheaat of Mission. 45:10 by 137:6, m
I .ii trai 1 *; the southeast sf<ie of Market street.
145:11) 1.. .-t southwest of SjK-ar. 45:10 by 1.".7:tf.
[ Bold and resold: the *onthea*t side of Market
223 feet aoeUHfeal of Seventh, 50 ny
105, aeld :md retold; two parcels in th" south
east tide of Berry street, betwefca fifth and
! Si\tl>: riie southeast side of Market street. 250
ithwvat ••( Sixth. 25 by Wβ, with extra
lot SB by 75 in Stevenson street in rear, sold
and resold; the northeast cornet of Third street
and Verona place. 85 by 141 :S.
1 n 1110 \Ti*jti/>n rii't 1 \T(* *«(llp*s fPi , AFfi dill".
SUNSET BLOCK
50 large lots at very low
price —includes 4 corners at
the extremely reasonable
asking price of $15.000 —or
only $300 a lot including cor
ners—h< the most conserva
tive estimate this win re
sell for $500 a lot. or $25,000.
Tlip Twin Peaks Tunnel is
rapidly bringing this section
to The front
GEARY ST. PICKiiP
A profit of $1,000 secure in
this for whoever purchases it
now—a double lot, .'4xloo,
with all street and sidewalk
work done —is easily worth
$100 a front foot, the same
as all surrounding property,
but owner will sell now at
$1,250 for cash. You can
make this fine profit, so why
not get busy?
Richmond Corner Birgain
Its foot street frontage, with
grading, macadamizing and
sewering done. 1 block from
Clement street cars and 1
block from new Municipal
line; worth $6,500 now, but
we can sell it for $5,750 It
you act quickly. (1992)
INCOME-15% NET
Equity of $9,250 —one of the
best close downtown invest
ments we have to offer —total
price. $14,750. Hyde street
building, in charming locality
on Hyde street hill. Only a
few minutes to all downtown
points.
111 Bw/
THE SAN FRANCISCO CALL. SATURDAY, J.VNUARY 4, 1913.
in? the rear were 1,758 in number, amounting ,
to $4,KSI".'_ > 15. au increase of ftijo.ooo over the
figures for tho year 1911. The large, sates in
this section were:
The southeast side of Market street. 128
s-uthwest of Brady street, S4:i! bf 134; tho
southeast tfIMU of Mission an<l Twenty-tirst
al i eta, fis by T22:<». and the ea*t corner of
Mission and Tenth streets, 113 ;3 by ldO, t-old in
trade
WESTERX ADDITION
The «alos in tb" Wpstpm Addition wrro 1/>4S
in number, amounting to $14.45"..4 vi This is
almost doable the a mono t tear tire year 1911 and
is accounted for in part by the h<\iv purchases
ma<fe bf the city of lands for the rfWe , ceoter.
Tlie principal sales made hi thi> neetloo durine
1913, not already nwinttonrd above, wen tbe
following:
The southeast corner of Van Neaa aventte
and Fulton street. 275 feet in Van Xess avenue,
946:8 feet in Fulton street ami IS4 feat in
iirnrp street, sold to the city: the Fulton Iron
i works property at Harbor View, sold to the
i Paaaaia-Pacific International Exposition company
jai I part of the exposition site; the soiitliwoi
corner of Polk and McAllister streets. i.-," : r> by
IL'n. sold to the city; the southeast corner of
SAN FRANCISCO'S
GREAT NEED
Properly Protected Homes for Its Citi
zens. A Delightful Tract Rapidly
Developing
Tt is interectiog to w«-tch the initial
movement that prcsases a great
change. It may !>■ tb« ii>\st bud on a
twig that bU been oO*ted with ice or
burled in the mew of a loner winter. Tt
may bo the first swallow that returns
from her season at the springs in tlie
punny south, or the first U-af that
hlushe* whpn the autumn gaze is fixed
upon it. Whatever it is that we wit
ness, the chief significance is what it
I promises of the future. Tt is the sign
it constitutes rather than the thins
itself that attracts attention and
arouses thought.
San Francisco, from one caotfe and
another, has given too little thought
and care to the homes of its citizens.
Early In its history some ill advised or
greedy individual set the pace hy in
venting or copying eoihe other idiot's
invention of Ihe 25 f<">t l<>t as an ap
propriate dimension for tin- width of
■ building site. Now. if h<;ii.!s are to
he maintained on highly expensive
land, such as is covered hy the brown
stone residences on the avenues of New
York, there is some excuse for a nar-
I row subdivision, but there is no reason
{ whatever why land owners in the Sun
j set or Richmond District, the Mission
'or the Potrero hills should compel
decent people to live on a lot 27, by 1 (to
fViM. Of course a resolute man may
buy two or more, but most <>f us are
Bheeplike, and follow usage. The re
sult Is that, comparatively speaking,
Sun Kraiuiscii has hitherto lv>en with
out a good l'l-idt-noe district. There
are nattered bunches of good homes,
and the view lots of the Western Ad
dition and the stretch bordering the
bay to the north are highly prized and
many of them fittingly occupied* but
our tine hills and our newer districts
are poorly improved and without char
acter;
The Sunset District offered an oppor
tunity that was not improved. Rec
tangular streets and postage stamp
lots spread their blight, and beauty
I and character were made impossible.
J The fine stretches south and north of
' the park might have been made a real
residence district, but with a go-as-you
please, open for all policy, hetero
genous buildings are covering the pit
iable little lots, and we have nothing to
, show that is beautiful or creditable.
Van Nosh avenue and P)ne street, 120 by 0ei:«:
the northwest cornpr of Post and Steiner streets.
27."i by 137:6; tbe northwest corner of Van
Ness avenue and Pint- strict. l?i- r > by 188; the
southeast corriT of Polk and Bush streets, I£o
tiy 100: the southeast corner of ITOlmor* hd'l
O'FarreU rtreeU, 62:6 fcy*S7:<*: the northwest
' corner of PHlmore hihj Kddy streets. 137:6 by
]:>7:•>; the southwest corner of Bti<l Mc-
Allister Itre*tß, BO by l»2:(i. wnd "L," end the
southwest corner ">f l-'illmorc and O'Farrell
■trccta, ()2:« bf 57:6.
Ol"TSIDB LAMJM .WO HOMESTEAOS
Sales recorded In the oufstde lands and homo
| steads wore .".,"44 in number and amounted ro
I $0.470.."■.•_■!, an Increase ov<-r the figTHies for the
year 1911 of fl .400.000. ami of $:!.."0(>.000 over
; tli" OgSR« for the year 3010, and $1,800,000 to
; create ever the figures for the jear If>o!i. Tlie
, n'i.-i.i,-- for 1913 show much higher totals than
! for any year in tlie history of San PruHfece
in mere than $t.4<X).000. while the. number of
K'alefl indicates geoeral artivity in this bone
j building seetlee. The totals for the year «ren>
up of Kinall sales In the Btehtni ttd
: iiicl Snir»ii •-(•■(iens. where hnilding operations
| !iHTe Jip.'ii narked, find in the homestead »eo
ii,.n- if ■> -iiHi the Mission »nd Ineft"side. Bafen
By contrast, the residence districts
of Piedmont and Claremont park, the
generous lots in Berkeley and Oakland
Heights are beautiful with attractive
ljomev. It Is no wonder that so. many
of those whose interest is in San Fran
cisco and who ought to live here are
forced to seek homes where they can
be found. Tt is very unfortunate when
patriotic citizens are forced to raise
their children in communities that look
askance at the city "loved around the
world," but distrusted and disliked by
its twin sister. Kvt there is lia!it
fthead. The first swallow is here. An
era of better homes is at hand. Kan
Francisco is to have a residence dis
trict.
By a special providence the hills that
blocked Market street and stayed the
seaward growth of the Mission left un
disturbed the western slope. A few
scattered lots were appropriated, but
large holders have kept undesecrated
the lands l«est fitted for San Francisco's
homes. Adolph Sut.ro, th£ Spring Val
ley Water company and the corpora
tion owning the Ingleside race track
have been the unconscious agents of
the city in preserving its choicest home
lands.
The Twin Peaks tunnel will render
accessible all the fine territory stretch
ing from Lake Merced to the hillsides
to the east. The result can be judged
by an inspection of Ingle Side Terraces,
most ideally situated and delightfully
developed, with winding avenues of the
best possible construction, and terraced
so judiciously that the magnificent
view of Lake Merced and the ocean is
unobscured. The tract is strictly pro
tected as to character and construction
of buildings. It comprises 700 lots,
which are selling rapidly, and many
residences are occupied ajid more are
being erected. '
The period of doubt is over. It will
repeat on a far larger scale and a more
popular manner the success attained
;by Presidio Terrace —the one conspicu
ous exception to San Francisco's dis
tinct failure to provide desirable homes
to the citizens.
Special arrangements with the United
Railroads for excellent car service,
until the Twin Peaks tunnel has been
completed, has been made by the de
velopers of thie choice section of the
city.
of large parcels in these sections were th<* fol
lowing:
One hundred and seventy-seven UTM of the
former Satro estate property in Tneleside: <>42
acres of the former Sntro estate property iv
lu,'n*iilf; the resale of i< portion of thi« pmp
erty, hihl SIU lots in tbe Parkside eeetlon sold a?
a whole.
Sales in the and Sontli San PrudMO
<'«>ntinued on Page 12, Column '•
YOUR YOUR I
ff INTO REAL ESTATE ||
i i It puts your money into Real Estate because it must be sure of returns.
Jg It can not take chances.
H or c use mone y °f y° urs * ne bank pays you 4' < . The bank
jOS sets the rest of the profits. K^ffl
1 IVicnou-lVlaeaonala J
Avenue
1 Richmond Civic Center m
: vK- is business property the same kind of Real Estate the bank invests in—the |j
cl I kind of property that makes millionaires. And best of all you can buy
I b j this property on long time and easy payments.
f 1 v * Y° ur Money Where the Bank Puts It ■
Don't be satisfied with 4% —Get the big returns yourself.
Ppvj Ask us more about the wonderful investment opportunity.
I BURG BROS., iNc i
kS The Pioneer Richmond Real Estate Dealers
660 Market Street, San Francisco
Tn?AKrr*TT r\T?"B , T/ ,, T! , C1« Please send me FHKK colored maps IS^*J
HKD X>JS.Al>lVyll VJX J XV£jO . . and views ot; Itichmond.
mm 23d and Macdonald Avenue, Richmond. v%
mm 435 Thirteenth Street, Oakland.
l|| 2011 Shattuck Avenue, Berkeley. Address 6kii ian! 7/ * j\
BUILDING IN 1912 AHEAD
OF 1911 BY $2,423,089
>o. Riilldlns
Permit*. —Valuation—
1011. JOl2. 1011. 1012.
January 354 «1S $1,«17,«50S $1,870,61"
February 41« 514 1,455,824 1.704.252
March . 888 572 2,090.70.'t 2,r.n3,780
ApHl r.67 β-v. 1,552,15S I.!> 10,650
May 553 557 1.n25 r S47
June 888 514 1.«54,.%«t1 2,«r.4.n»2
July 510 57J> 2,134,470 2,452.725
AugTUMt 554 «13 2,13tt,0!»5 1,950.502
September 514 5 M 1.«tt,04S J. 783.145
Ootober 522 562 1.225,802 J,722,8«0
52s 407 1.213.41« 14)12.932
December 40S 421 1.207,42!> l,0S8,12«
Total e,O7J» MM *20,915,474 »23,33R,5e.1
<.am» of 1912 over mil—Number of permit*, 237: valuation, $2,423,080.
Hotel and Apartment House Construction Con
tinuing at Unexampled Pace and City Will
Be Able to Accommodate Over 300,000
Visitors by Exposition Time
During the year just closed build- |
ing operations in Fan Francisco I
reached a grand total of $-3,338,563.
This was , a gain of $2,423,089 over 1911.
while the number of permits issued in
1 r>l2 thnsp of the previous
year by 237, The building contract* for
1912 amounted to $26.2*59.006.
Hntpl unci nr.;irtnipnt house construe-
Continued on I'sir*-, 12, Column 3
11
