1901-06-09 SF Call
, ' . ¦ ; , , even two: millions' and' certainly ¦ not : in excess of $2,500,000..". ... .• >. . •';. v ¦ : . .: . The amount Mrs: Florence Blythe Moore . will receive but of the selling price of :t'io famous block .will , be • reduced j $1 ,000.000 1 by the cancellation of the mortgage' held : by , a New.;, York "trust: company. V-Thls- mort-gage mort-gage was* given to secure' a "loan' rie»6-' tiated about a year ago, at the same time' J approximately ; that' the • California Title ': Insurance • Company -wrote al title insu-r ••• ance policy, on the Blythe block."* ¦'<•' / Bccent Increase in yialua. : I The real" estate men and attorneys con.r 'cerned- in the -.- transaction' point ¦¦¦ to a marked increase in thevalue'ofithe p'roperty p'roperty within the last year, as indicated by an increase of $16,000' in' the yearly, rentals. ¦ The. block pays apresont income of about $140,000 per ahnuni, though' it contains hut few buildings that ate i- even 7 - passable. . none of /them; being mpdernVor : desirable ; and most of them being; slmplj-'one-story , structure's ; that have • been * able ..to . main-' " tain themselves, in the very 'heart of '.the city, against '. the < crowding in" upon .them'