The San Francisco call. [volume], August 10, 1907, Page 5, Image 5

About The San Francisco call. [volume] (San Francisco [Calif.]) 1895-1913

Image provided by: University of California, Riverside; Riverside, CA

                
REAL ESTATE
BUILDING NEWS
Heal estate agents and operators are
in a better frame of mind this week.
This Is due to the fact that the market
is much more brisk. Though there
have been no big transactions to
record still the Inquiry has been large
and there is also a disposition on the
part of the people to buy and to lease.
The different agencies have had more'
callers than at any time since spring
nnd there is considerable demand, for
the better class of houses to rent, fur
nished or unfurnished, which shows
that people are returning to town.
One of the best features of this is
that cheap houses are not sought and
there Is a. willingness on the part of
house hunters to pay fairly good rents.
Another good sign lv the demand for
building lots In those parts of the city
where property Is high.
There have been eeveral sales made '.
lately along Green, Vallejo and Baker
streets, for which reasonable prices
were paid and oa which the purchasers
intend to build. ' "'.*
The Question of where to live seems
to be the one of the hour and real es
tate operators are convinced that there
is & great need of flats which will rent
rent from J2O to $S0 a month.
Rents which, at one time, promised
to go down are holding firm and the
impression Is growing that owing to
the big Influx of people who tempo
rarily left the city houses will be at a
premium. This again brings up
the question of apartment and
lodging houses, and as an In
stance of the general prosperity
of the city real estate men say
that the better class apartment houses
are renting more readily than lodging
Louses and that property owners will
not lose money by buiding first class
apartments. Many such are being
planned for the choice resident dis
tricts and according to the drawings
for several on Nob and Russian iiills
they promise to aiM materially to the
beauty of the city.
DOWKTOWX PROPERTY
The general opinion is that the re
building of the downtown districts
rests -with the property owners, and the
hope Is expressed that they will aban
don their policy of high prices and come
down to a working basis so that more
buildings may be commenced. How
over, there seems no Intention on the
part of landlords to lower prices and
John H. Speck, In discussing this, said:
There trill be no difficulty in setting buy
#rs. but people Ao not want to pay more money
for property now than before the fire.
I wUI give an Instance: An offer of $240,000
lias been made for a piece of property on
Kearny ctreei. ThU Is at the rate of $400 a
imnt foot. The owner has been approached,
but there Is little bop« of the deal going
: \u25a0Trh. as *<500 a front foot Is the Yaluatlon
r^aopd optra the land.
Of course this meant that the Jot will not be.
bi;llt upon yet. Tbere Is no denying the ralue
<>f Ke»rn,T street property, but I am simply
quoting Ibis Instance, which can be multiplied in
ell pans of San Francisco, the retail district
and also the wholesale quarter.
The problem now is what will be done with
that part of the city from Bosh to O'F«r
reli streets and west to Jones. The man wbo
ha? 50 feet or 70 fe«t frontage can put np
\u25a0 odptnjr or apartment bonse, but the person
wbo owns a small lot can bardly afford to i
build. He could only pet up a small house or '
O On Sunday a large number of people visited this new aquatic l ' - \u25a0 - ~ *' , '' ' ' v ,• ': - ' ' ;|
residential resort near San Rafael. The agents report that all day : ' " - . c ' " \{
q Antoists find in the run to Santa Vcnctia one of the pleas- ". : ..;T ; ; - .-;\u25a0. :•-;\u25a0 ; ; g; : i : : \u25a0; ; ;- :^^ • :' '
Free Autos at San Rafael Office, , 7\ M fc -^l^^-- 'lT^^^^ -'\u25a0•' T%^ "Ayj'-ir^^l^^ylT--" \u25a0\u25a0- ->^L" \u25a0 ' tl A T^T FOUNDER Arsio
Close to R. R. Station. i Vlr-\ *?j^, lm*^|L^ J^T"^ 1 ; i^TLI SOLE AGEIVT
Go Today and Enjoy an Outing :-\u25a0'\u25a0\u25a0\u25a0 - --\u25a0\u25a0" : '^ ] '"\u25a0\u25a0\u25a0 " N 40=4^4. i\^^l^ET STI^ET x .
in Our Launches. | ofhcexw the tract | - Al^ | SAN Rafael office near- station
flats and neither would be large enough to pay
interest. . , -;.-; \u25a0\u25a0 : >' ---'\u25a0-
SOLUTION FOR PROBLEM
A. M. Rosenstlrn of the" firm of Har
rigan, Weidenmuller & Rosenstlrn be
lieves he has found a solution for the
problem and. says:
It seems that the most argent necessity of
the real estate agents is to devise a way to
build up those blocks and blocks of land in the
burned district, which under the present ordi
nance governing brick buildings makes it Im
possible In nearly all cases for owners of | land
to realize 6 per cent net on their holdings, the
rate that makes real estate a desirable invest
ment.
The cry has been to curtail the fire limits.
There Is a better solution than this. Keep
your fire limits as they are now, but reduce
the thickness . of your brick walls on all build
ings np to "three stories in height.
Th« present ordinance for three story build-
Ings calls for the thickness of the walls as fol
lows:
Twenty-one Inches In the basement, 17 Inches
on the first floor, 17 Inches on the second floor
anfl IS Inches on the third. and top floor. -
This easily could be cut down to 12 Inches
In the basement. 12 Inches on the first floor, 8
Inches on the second floor and 8 inches on the
top -and last story, and not Impair 'the resist
ance to fire. Besides such walls would be of
more than ample strength for buildings of this
Ueight which are usually flats and will bring
in handsome Incomes to their owners.
I have. Interviewed some of the best contract
ors and engineers and they estimate that the
cost will be within 8 p*r cent to build these
buildings along the above stated lines as it
would to build these of wood; as to their
•afety they are absolutely strong and the build
ings in the east are built on thinner walla. If
an ordinance on these lines could be worked out
with this admirable board of supervisors it
would stimulate the real estate market and
give a fresh Impetus to building.
MAKE A FINE SHOWING
Work on many buildings is reaching
that stage where a good showing is
made, and In consequence streets like
Sutter, Geary, O'Farrell, Ellis and Turk
look as if they were almost built up.
Turk street has been widened and
bltumlnlzed and looks prosperous. Sut
ter, which soon will be lined with fine
office and hotel buildings, probably will
have the Argonaut club, as negotiations
are pending with Ignatz Steinhart of
the Anglo-California bank for the erec
tion of a clubhouse on his property on
the northerly line of Sutter street, be
tween Leavenworth. and Hyde. It is
understood that the club will take a 15
years' lease. The lot has been graded
down to the official level of Sutter
street, and the building, which will be
started as soon as negotiations are
completed, will be three stories in
height, with a basement. It is to have
a handsome exterior and the upper
room* are to be reserved for the use
of the members who desire to make the
club their home.
Market street also is looming up
with new buildings, and so far have
they progressed that it is reported a
lease of the upper floors of one of the
large buildings on that street shortly
will be signed for $200,000, covering a
period of. 20 years. .
PRESIDIO TERRACE SALES
An interesting transaction of the
week was the sale made by Baldwin &
Howell to H. B. Pinney. the well known
builder, of four lots in PresJdio terrace
at an average price of about $6,000
each. Negotiations were begun with
Pinney some time ago. but the high
price of material and labor prevented a
TJUfI SAN IfKAJJUISUuXcAnD, SATOKDA^, AIJGI^ 10, 19UT:
consummation .of 'the sale '\u25a0- until £thi s
week. " " ''.-",
Now . that the price of ..lumber J has.
been materially. reduced and other con
ditions are becoming -normal Pinney
concluded to make the purchase, and
the construction of four artistic' homes
will be commenced.
, It is the. Intention of .the builder to,
adopt a style of \u25a0; architecture "for the
new residences which undoubtedly "will
meet approval. - The houses -will' be ;of
fered for sale, with the lots' on which
they are to be built, at prices ranging
from $15,000 to $17,500, and ihe'terms
will 1 be made attractive; to, purchasers.-
The lots Pinney has purchased; are ; all*
50 feet front, which will 'afford a: wide
latitude for the artistic in the design of
the houses. The .location of Presidio
terrace , is favorable, < having
the Presidio reservation immediately in
the rear and being; within easy walking
distance of Golden Gate park.
The < Clubhouse { of | the Presidio golf
club is situated, in. Presidio; terrace and
the- golf links are ( Just i over; the. wall
from it. Pinney has obtained an optlon ;
on several other lots in Presidio terrace
which he expects to purchase as soon
as he has disposed of the^f our houses
upon which work shortly -.will! be be
gun. •. • • v.^^v*. '<.\u25a0
FAITH IN FILLMOItEJ I
Of the future of Fillmor^ptreet as
an uptown business thorough! are ; there
is .no question,- and v nearly. • every Viner-'
chant doing business ton Tf that
between Sutter and \u25a0 McAllister .< streets
has secured or is endeavoring 'toTobtain^
extensions of leases.- Many .of -\u25a0 them
have been offered 1 large* bonuses ;for
leases whlchhave four=or'flve'years.to
run, but the difficulty In 'obtaining 10-"
cations in other sections .of ' the.clty
where business is' as good-has discour-'
aged them from selling. - . •
Baldwin .& Howell report that all
tenants from whom they collect: rents
on Fillmore street have applied for re
newals of leases, : which have been in
most instances granted them by. land
lords. The majority of the leases.-run
for three years from next Mayor June.
Some of them, however, run for a long
er period. . .: : - . '
A notable instance in which .a : long
lease has been made is that , of the
premises occupied by E. P.'Charlton &
Co., 1313 to 1319 Fillmore street. "^Thls
firm has " renewed Its lease for eight
years from next May at an aggregate;
rental of nearly $50,000.- A.- L.^ Lillen
feld & Co., George Haas & Sons and J.
Vincent, who occupy premises adjacent
to Charlton, have renewed their leases
for a period of three years from next
May at an aggregate rental of nearly
$60,000. All the firms doing business
on the east side of Fillmore, street be
tween O'Farrell street and Byington
avenue have obtained extensions of
their leases for three years from next
May. \u25a0;, .; '.;..; -'\u0084; .
The seven story reinforced concrete
office building owned ' by the Mac
donough estate company, in the west
side of Kearny street, between -Bush
and Pine, is attracting favorable no
tice as it approaches completion. The
Kearny street facade is receiving a coat
of pure white cement, which will give
the building a marble like appearance.
It undoubtedly will be one of the most
attractive structures In Kearny" street.
Baldwin & Howell. the agents, have* let
the seventh floor for a "period of years
to the Northw|stern Mutual life Insur
ance company. Campbell, Metson &
Drew have leased the entire sixth floor
and a number; of corporations and indi
viduals for whom they are attorneys
have taken the fifth floor. Baldwin &
Howell say they have applicants
single offices which are enough to* filj
another , floor. This leaves only two
floors not disposed of.
DEMAND LIGHTS OX KEARNY
Better lighting "of Kearny, street is
demanded by property ..owners . along
that thoroughfare, and J. R. Howell,
president ''of 'the rKearny^ street \> im
provement" club/ has addressed the : fol
lowing.letter -to the .board of super
visors: ;
• Tour i petitioneri"" the . ; Kearny.' street Improve
ment club, respectfully . requests your honorable
board to restore the requisite number of arc
lights on : Kearny ;between Market street
and ' ' Montgomery • avenue, to properly \u25a0 light
Kearny • street. •We - respectfully call \u25a0 your atten
tion vto , the 1 fact i that Kearny street already
"contains more '. permanent i buildings > fully com
pleted i than any other thoroughfare in ~ the
burned ; district and * that \u25a0 there ' are many . other
fireproof i structures - which •; will ; be . completed
in the f near ' future, : included in \u25a0 which ere
large office- buildings ato, be occupied by -pro
fessional • men, who-- frequently have occasion
to visit their offices in the evening. ; .
: Kearny.. street" Iss the main thoroughfare to
the North -Beach 'district,' a- populous section,
which . has ' been , almost completely rebuilt since
the fire, and In Justice to tbe residents of that
portion as • well .• as the .property owners and
tenants In ' Kearny : street we earnestly request
your honorable board to favorably,, consider our
petition. : , '
j G. H.'Umbsen; &, Co. report the sale
of . the ,- block r, bounded " by . Lombard,
Chestnut,* Pierce. ? and -'. Scott
which was \u25a0"subdivided; Intoi36 building
lots. , An the
last week on; terms of one-quarter cash
and the .balance in monthly payments.
"\u25a0- "'; IN- SUNSET DISTRICT •
In spite iof j the • general ; dullness of
the markefXilpman & Hirschler of 1980
Sutter street S report great I building
operations in the ; Sunset district Since
selling 18 .lots In the block • bounded by
H- and: l streets and Twelfth and Thir
teenth avenues to Eugene Hallett eight
houses begun by Hallett are well under
way.'" \u25a0\u25a0'-\u25a0 '\u25a0 ; : - \u25a0 •'(-'\u25a0
During the -week this \ firm Interested
another -.building I concern, Dempnlak
Brothers, \u25a0> In \ the H street frontage -on
Golden Gate park, near Twelfth - ave
nue/ They already have \ started 3 the
building of i two ; flats on one of the ! lots
and inslda | of rslx months \ the "whole
blocki will, be substantially built. upon.
V Additional sales during the week
were ; as -.follows: : • " , . \u25a0• \u0084 , \u25a0 ; '-. • . -
For account v of M. Willard . to' John D. \u25a0 Meln
bardt, lot .in -the. "east line of Forty-sixth ave
nue, 175 feet south" of- O street, south "25x120.
For account of .H . Barto to \u25a0 Charles J. Hu
bert, , lot " in the east, line of Ninth avenue. 75
feet north of ,H street. 25x120; price, . $950. •
'. -Fori account of ,H. Simon to -M." A.' Arling
ton, lot in the east line of Thirty-sixth avenue,
12Rfeet south of Clement street, 25xfSd; price,
s7co. - ' " ; -"• \u25a0 \u25a0\u25a0-,- \u25a0 ,-;-\> . |-rr;
"'" Shainwald, Buckbee & Co. . report"; the
following: sales ; made j in conjunction
with £.yon & Hoag in the Pope tract:
-: Sirs." R. Cushlng, : lot 13, block 885, price
$1,150: Mrs. W. J. Morgan, lot 13, block 887,
price $1,100; Mrs. W. J. Morgan, lot 6, block
884, price $1,350; L. J. Roberts, lot 2, block
879, price $1,750; John F. Garvey, lot 4, .block
885, price $1,200; C. Hllpisch, lots' 7, 8, 9 and
10, price $4,400; Miss M. H. Brackett, lot 4,
block -870, price $1,750; P. H. Farley, lot 1.
block 885. price $2,250; R. W. Magulre. lot 20,
block 882, price $2,000; A. Peppercorn, lot 23,
block 883, price $2,000; J. J. O'Brien, lots 23
and 24, .b10ck 884, price $3,200; F-. W. Meek
lenberg, lot 18. block BR3, price $1,350; Mrs.
B. Roe, lot 19, block BS3, price 51,350; Xi. \:
Kenny, lot 9, block 883, price $2,000; Ernest
Hey, lot 10, block 882, price $1,350.
The firm reports active Inquiry for
lots In this tract, in which It has sold
19 in the, past week.
Among other sales which the firm has
just closed is the sale of the Vining
house, at . Clay, and Laurel streets, to
William J. Newman. It also reports the
sale of several lots In Cushing's subdi
vision of Blithedafe in Mill" Valley.
MANY- SALES -REPORTED
Chamberlin & Co. report the follow
ing sales:". -
Four room bungalow. 25x120, in west line cf
Twentieth aveDue. . 225 feet north of Clement
street — F.- P. Chamberlin to 'Eva E. Arm
strong. Three flats . in the north r line of. Bunh
street. 110 feet east of Buchanan — Andrew C.
Thnlln to 11. D. Overfleld. Three flats, in tbe
east line- of ' First' avenue, north of Fulton
street — James H. Plnkerton to Joseph Perry.
1 Twelve ,; room residence and lot, in the north
line of Fulton street, east of Broderlck — Mrs.
Georgie E. M|tyhew to Ruby M. Hastings.
: ", G. H. Umbsen & Co. report. the fol
lowing sales: ',
Mrs. A., E.. Sherman ; to. C. A. Bollmann,
northeast corner \u25a0 of. Hayes and Laguna streets,
fronting 120 feet on Laguna, 31 feet on Hayes
and 81 1 feet ! on Ivy avenue ; L. . P. : Kerner / and
others :' (referees) .to Fannie Abrahamson, three
flats at 1025.1030 and ' 1033- Ellis street, $15,750;
James Swift to D. Andres, lot : In south line
of Fell; streeC" 102 feet east of Steiner,sT,7oo;
James "H. _ Jennings to: Thomas ;K. Barman, : the
southeast corner of Broderick and .Grove streets
$7,500; " S. : Schmidt , to Joseph Labucherle, lot *in
north "line of - Twentieth -street west -of Valen
cia,' |o,100; F. Gartner to C. * M. : Perry, lot and
Improvements In south line of H street "west of
Twentieth avenue. $5,000; • A. Wilson estate to
G. Massel, lot' and improvements in west line of
Seventh | avenue north of street.- $5,000:
E. Balls *to \u25a0 C. ; L*. Ludwlg,^. cottage . and • lot jln
south . • line .. of Twentv-sevehtli street " west \ of
Gnerrero,,s3,2oo: M. Heyman to E. Weiss, lot
In north line >' of Washington street west of
I-yon. - S3,OOO ;>M. E. Deldl to A. E. Booth, lot
in- west .line \u25a0> of . Twenty-first ; avenne south of
A , street, $900; \E. n. i Llllenthal to E. Lorenz,
lot in west, lme of Scott street "south of-Chest
nut.-?9O0; -E.- B.^Ulienthal to . E. • Koster, lot in
north line <of Xombard street west of Pierce.
$1,450; E. ; R. Lillenthal to E. Koster, lot in
\u25a0 north"- line "of ) Ix>mbard \u25a0 street I west* of Pierce,
$1,450: E. K. LiUenthal . to J." A. , Kiddell. lot
In north line of Lombard street,' west of Pierce,'
$1,450; E. :K. Llllenthal to Louise Cuneo. lot
In north' line of Lombard. street west of Pierce,
$1,350: E. v ll. ' Llllenthal to Joseph Crudo, lot
In north line of Lombard , street west of Pierce,
$1.350 ; E. B. Lillenthal to ; A." Stlvetti,' lot : in
north. line' of "Lombard- street west of Pierce,"
$1,350: E. R. Lilienthal to A - Coodis," lot In
west line .of ; Pierce street north -of • Lombard.
$050; E. R. Lllieuthal . to A. Larocca. . lot , In
west i lino iof Pierce street south- of Chestnut,"
$025; E. R. Lilienthal to A. Cordano. southwest
corner •of . Pierce and Chestnut streetsi $1,400:
E. R. Lflienthal <to R. . Toschl. lot In south
line of Chestnut \u25a0 street ; west \u25a0• of \u25a0 Pierce, - $900;
E. •\u25a0 R. Lillenthal to Henry Mortani, lot In south
line of • Chestnut ; street - west \u25a0of Pierce, $575;
E. R. . Lilienthal to G. Sibonl and L. Lazarrl.
lot in sonth line "of Chestnut - street west of
Pierce," $575; Katherlne Stapleton to T. F. Bon
net, ; new " modern residence ; In : west lino of
Sixth avenue north -of - Lake street; E. R.
Lilienthal to M. ; Schneider, lot lin south line
of Chestnut «treet east of . Scott, $875; E. R.
Lillenthal to G. , Taaslo. lot In \u25a0 south line of
Chestnut street east of Scott, $875; B. R.
Llllenthal to G. Comls, lot In south line of
Chestnut street east of Scott, $900; E. R.
Lilienthal to F. Mlcallzzl, lot at southeast cor
ner of Scott and Chestnut streets, $1,400; E. R.
Lillenthal to F. Glarrtta. lot In' east line «f
Scott street south of Chestnut, $950; -E. ,R.
Lilienthal to J. B. Topll tz, lot in east line of
Scott street - south of Chestnut, ": $1,900; E. R.
Lilienthal to V. Marlnella. lot in north line of
Lombard street east . of Scott, $1,450; E. R.
Llllenthal to H. Fleischer, ' lot in north line of
Lombard -street east of ."Scott, $1,450; E. .R.
Lillenthal to D. I sola, lot in west line of Pierce
street west of Lombard, $975; E. R. Lilienthal
to P. Vannell, lot In west line of Pierce street
north of Lombard. $950; E. R. Llllenthal- to
Louis" Lagler, lot in west 'line of, Pierce street
north of Lombard, $950.
\u25a0 \u25a0'/""- SUCCESSFUL EXCURSION
~ ,The big excursion given by S. M.
Snyder to the opening of his tract
at North Fair Oaks showed the great
Interest taken' in suburban realty in
vestments on the peninsula. More than
700 \u25a0"•- prospective buyers enjoyed the
hospitality of- the ' agents and . spent
a pleasant day in this beautiful neigh
borhood. ' S ;^~'
The excursion was one of the largest
of its kind, and resulted in many
sales. Excursionists "-purchased 193
lots and. many reservations were made.
North Fair Oaks is one of the choicest
holdings In -this favored section and
is on the line of the great railroad
improvements. ,
LEASING ACTIVE
Shainwald, Buckbee & Co. report en
couraging, activity in the leasing" de
partment. Among" the . rental contracts
are: •
For John Rosen f eld's Sons, the entire building
in the southerly line of Mission street between
Third and Fourth, to the O'Rourke, Eubanks
hat company, for a term of five years at total
rental of $15,000; for Robert C. Kirkwood to a
client, • entire -three story -building: In Mission
street between Third and Fourth, for a term of
10 years at a total rental approximating $200,
000; for the Title insurance and guaranty com
pany to Jjidson C. Bruale., > entire • floor of the
building at 250 Montgomery street for one year
at a total rental of $1,800; for 11. U. Branden
stein. four offices in the same building for one
year at a total rental of $1,300; for Fletcher F.
Ryer to the London assurance corporation ' and
Niagara insurance company, tbe building at 160
Sansome street for tbe . term of five years at a
total rental of $36,000: for Albert Plsis to.Otto
Sander and William Nickel,' the store- at" 1174
McAllister •street for a 'term of one vaar at a
total rental of $1,080; for E. P. Gray to M.
Perry and G. A", lie Robert; lot in the north line
of Sacramento street near Laurel for a term of
five years at a total rental of $1,500; ,for Char
lotte J.. Levcnsaler. to. Abbie.L. .Nicholas, two
Continued on I'«ge 7, Column 2
JUST OPENED
" '* : 3HBBBI^IBSIiBBBiHHBHBIi^BBBBDB3fIHiIHBBB
f BY ORDER 'OF THE CROGKER ESTATE
Junction of Mission Street* and San Jose Avenue
Choice Building Lots for Home
or Investments
$50 cash, balance $1 0 per month
All street work, sidewalks, sewers and water
guaranteed without* cost* to buyer.
Immediate Possession Given
One fare, five minute car service. Ocean View, Ceme-
tery line and San Mateo Electric cars pass the property.
Agents on the ground every day, including
G. H. UMBSEN ®> Ca
AGENTS'
FRENCH
Savings Bank
The French Savings Bank has de-
clared a Dividend of
on all its Deposits. -"
Cor. Suiter and Trinity Sts.
Above Montgomery St.
SBSE:' |1w I Cm .»
#»ST. DEftTS-*
BtBROADWAY AND 11TH STREST
Wf^ NEW YORK Cl7.'Y.; .
Ha WltMa" E*sy Access of Zmrj Point ct ±
N Interest. Half Block frota Wuamaker'%' .
h 0 Blsatn* walk of Shopping Qlstrtct. \u25a0
Wk IfOTED FOS: J£xcell«nce of Ciistne. Coo
lU w \farttble Appointnipnts. Court teas Ser% . (
H| rice and Homelike EaTroau&cca.
I BOOMS $1.50 PEH DAY AMD 13?
P EUROPEAN PLAN. __
B Table d'Hoto Bretkfsst 3oc
I WrvI.TAYLOR£iSON',Inc.
H* ALRO - -
M BOTKL MARTINI atE.
|g^ Uimilwit fc ajra St.-ect.,
5