The San Francisco Examiner from San Francisco, California • 10

THE SAN FRANCISCO EXAMINER: SATURDAY. FEBRUARY 11. 123 Increasing Throngs Visit 'Casa Altadena' Oakland Model Home In "Casa Altadena" DEVONSHIRE IS PROPERTY LEASERENTflL USE LOOKS News and Views of Real Estate Medico-Dental Winglnstalled In Russ Building ONU SH STREET 200.000 l-By Claude A. La Belle- OVER VISTA OF BAYANDH1LLS 11 Harrigan 'Weldenmuller Co. an-nounce the sale of the property on the northeasterly corner of Bush and Leavenworth streets, known as the Domo Apartments, to A.

Bilver-stine. This property covers a lot 43 feet 9 Inches by 100 feet and contains a fOUT-StOrv nnnrtmont hmua Thc National Association of Real Estate Boards has just completed an interesting survey throughout the United States on the condition of farm lands, and the survey shows the situation to be an extremely A medico-dental wing in a commercial office building is a new development of the service idea as it is worked out in the Russ building. In the middle wing of the Montgomery street 30-story structure, on the sixteenth floor, are offices of a physician and surgeon, eye, ear, nose and throat specialist, electro-therapeutists and dentists. The ready accessibility of these medical and dental offices for tenants of the Russ building la an advantage that represents a new departure on the Pacific Coast, although the plan has been tried in the downtown section of New "York, where it Is said to have proved a success. WW Ing with stores on the ground floor.

Spanish Motif Is Carried Out Throughout Residence, and Visitors Are Loud in Praise I FwiiiMMMiiiT I tor healthy one. Among the findings of the board are that a larger acreage of far land was sold in 1027 than in 1026 and at an upward price. Also that the majority of a es of farm land was inis property was. sold for the account of Helen M. Clunle, one-half Interest, and the estate ol Andrew J.

Clunle, one-half Interest. The sale was confirmed by the Superior Court of San Mateo county at $100,000, Harrigan, WeldenmuU ler Co. represented the sellers, and W. H. Summertield represented the purchaser in this transaction.

Plant To Cost $150,000. A one-story Class and part Class automobile building to contain a service plant and Bales room to be erected on Broadway and Twenty-ninth street, Oakland, for WVaver-WellB 3821 Broadway, Oakland, at a cost of $150,000. Conclusion of a lease for the account of Lesser Realty Investment to the F. W. Grand B-10-25-Cent.

Stores, Market street was announced by the Gadlow Leasing Company, who negotiated the lease In conjunction with McNeny McNeny, chain store brokers of Dallas, Tex. The premises leased Is situated on the south side of Market street, between Fifth and Sixth streets, and Is comprised of the store and basement now occupied by the Metropolitan Chain Stores, together with the adjoining store for. nierly occupied by tlio Chicago Cloak and Suit Company. The premises leased to the F. W.

Grand Co. consists of a store having a frontage on Market street of 65 feet by a uniform depth of 170 feet running through to Stevenson street together with the entire basement thereunder, 98 feet 6 inches by a depth of 170 feet. The basement will be used by the F. W. Grand-5-10-25 Cent Stores, as a ralesroom in conjunction with the first floor.

The premises leased Inctudes a large portion of the fourth floor of the Meadow-Brook Building, which will be used for a storeroom. The total rental of the entire period of the lease term calls for nn aggregate rental of approximately $2,000,000. The F. W. Grand Co.

will talte possession of these premises about July 1. 1928, at which time exclusive alterations will be made. Increasing thronps have motored out during the fk to view Casa Altadena, the distinctive exhibition home of the Realty Syndicate Company located in Smith Reserve, Oakland. This house had one of the most successful openings ever accorded an exhibition home In the East Bay, when over BOO people Inspected It the opening Sunday, January 29. Fish Packing Plant Planned.

Michael Junta, former fish dealer of Pittsburg, Contra Costa county, and more recently of Oakland, announces he Is forming a corporation to finance erection of a $200,000 sardine packing plant in York street bordering on the waterfront at Pittsburg. OAKLAND'S FINE MODEL home in the Smith Reserve is as attractively furnished throughout as this corner of the living room visitors have been loud In their praise of the colorful draperies, Announcement has been made In the financial district that the Municipal Properties Company has succeeded In effecting Its trust agreement of June 30, 1927, with the Anglo-American Trust Company, by which a refinancing: of the company's business has been accomplished. The company was authorized November 15. 1927, by the corporation commissioner to issue one million dollars in 7 per cent preferred stock under the condition that $563,250 would be first accepted by the creditors. Under the direction ot a management headed by John F.

Humburg, the executives report they have reduced their entire unsecured corporate liabilities, outside of mortgage Interests, to approximately $60,000, and yesterday the trustee issued the stock. Assets are appraised for Bales purposes at approximately 4 million and outstanding mortgages totaling $560,000 are a Hen on 3,400 acres. The company now inventories in excess of 4,000 unsold lots in a 1,400 acre subdivision. In 1926. after the completion of a large golf club house and 18-hole course within the property, the company's progress became Involved.

While something in excess of one million dollars in real estate has been sold on lot contracts, the company's income, due to methods of finance, became frozen and a change in management was effected by the board of directors, who placed President John Humburg of the board in active charge of refinancing plans. Some 700 lot purchasers have either acquired title to the property In Devonshire Hills subdivision of the company or hold contracts covering the same. These contract holders and purchasers are amply protected in the new plans which have taken oyer one year to perfect. It is now planned to complete improvement work and to obtain from the State railroad commission a permit of public convenience, allowing the water plant of the company to be expanded and pipe lines extended from the limits of the present terminals. lovely furnishings and delightful gardens, according to Miss May Ballard, Casa Altadena hostess, while the Inspiring- panoramas ot the bay and wooded hills from the front patio and porch adjoining the living room have brought many comments of delight.

Bankf or Excelsior District i Leased Business Property New, one-story and mezzanine concrete building in light industrial district. 45 ft. of frontage. Under lease to million dollar concern at $2,200 per annum. Full price $24,000.00.

Can arrange financing. Casa Altadena, which Is the first exhibition home opened In the Smith Reserve tract, is of Spanish architecture, and was completely furnished and decorated by the i Realty Syndicate Company through the John Breuner Company and its home decoration studios. The O40G6 Spanish motif was brought out in A rich, colorful drapes, bright appointments and lovely furniture. Occupying a knoll overlooking niagniticent panorama of the bay on one side, and beautiful vistas of wooded canyons and green hills on the other, Casa Altadena stands out as a splendid example of the $150,000 Apartments. A three-storv frame and stucco apartment building to contain sixteen two and three-room apartments is to be erected on the north side of Lombard street west of Stelner at a cost of $150,000.

Church To Cost $140,000. A one and two-story reinforced concrete church building is planned on. Twenty-ninth street and Fairmont avenue, Oakland, for the First Christian Church at a cost of $140,000. for a home and occupation of the huver. something less than 10 per cent buying as a speculation, and 3 per cent for investment.

A healthy optimistic sentiment is reflected according to the survey, and an interesting condition is noted in that while the demand on the part of the buyer is for good farm land, much of the land otfered for sale is not of top grade. This shows the value of the land to the fanner at the present time, as it was not so long ago that most farmers thought the land business had gone to rack and ruin, and were willing to sell. In 45 per cent of the questionnaires sent out by the board, the answers as to cash sales was that more cash and less mortgages was the trend. Thomas O'Hara of Vallejo, who has just been elected president of the Vallejo Chamber of Commerce for the fifth time, and who by his position as president of the Vallejo Commercial Bank has close tpuch with Solano County and Northern California, is of the opinion that the realty condition in the smaller cities of California and in the farming communities was better than it had been for some years. great possibilities of Smith Reserve COLDWELUICORNWALL BANKER 57 SUTTER 54 2.0; as an exclusive residential section.

Two more homes on an adjacent mm knoll are already nearing completion. They are being constructed by the Realty Syndicate Company and are of Knglish architecture with high peaked roofs finished in a variegated colored pattern, with attractive gables and comfortable spacious rooms. ARCHITECT'S PERSPECTIVE shows design of third A number of other homes are being planned by property owners branch bank for Hibernia Savings and Loan Society, to be located at Mission and Norton streets. in Smith Reserve, and construc 1 tion on these is already under way. Two outstanding dwellings will be the- $15,000 home of Harry Stockman and the $25,000 home of C.

P. Lower Market St. Murdock, vice-president and general manager of the Realty Syndicate Company. These two homes will be built In Smith Reserve Firm Reports Good Sales in January The following sales are reported by the R. A.

Wilson Company: For the account of Frank J. Ehr Property Is Sold An exchange involving the ot the three-story and base Highlands. Stockman's home will (J Hara looks forward to a sound ment building on the south side of be of the English architecture and healthy volume of sales during type, and Murdock's Spanish, car mann they have sold the Kate K. the coming year. Market street 75 feet west- of Second Btreet for the account of Herbert L.

Kothchlld to Isidor Wein-stein was announced by Madison Burke who represented both parties in the transaction. In the transfer, Herbert L. Roth-child as part of the transaction takes titlo to the northwest corner of Pacific and Front street with frontages of improved with a modern brick and concrete building with spur track facilities. The liarket street holding has a frontage of 25 feet with a depth of 91 t'oet 6 inches. It is equipped with freight and passenger elevators.

The value of the properties included in the exchange was stated to be approximately $225,000. Voluntlne property known as 1D0 Parnassus avenue, consisting of four threes and two two-room apartments. As part payment Mrs. Voluntine conveyed title to the property located at 239 41-43 Carl street and 37-39-41-43A Douglass street, Carl street consisting of three flats and Douglass street three flats and cottage. amount involved in this transaction.

$42,500. For the account of Ethel Krook they have sold to S. Silvestri prop-erty knows as 1245-47-49 Clay street, consisting of three flats of five rooms each. THE PARROTT 'ESTATE, SAN MATEO BY COMING TO BAYWOOD NOW YOU AN KILL THREE BIRDS WITH ONE STONE rying out the hacienda theme with a huge enclosed patio. U.

c7Speakev Will Address Realtors The second lecture the spring pemcater of the San Francisco Real Estate Board's educational course will bs held Monday night at the Galileo High School. The subject will be "Introduction to Land Economics," with Dr. Ira B. Cross the University of California as speaker of the evening. Leslie Cupples, chairman of the educational course, has announced the following subjects for the remainder of the semester: February 20.

Title Insurance. February 27, Taxation and Assessment Appraisals for Loans. March 5, Real Estate Investment. March 12, Escrows. March 19, Leasing and' Rentals.

March 20, the Management of Property. April 2, Fire Insurance. April 9, Relation of Broker to Buyer and Seller. April 16, City Planning and Zoning. April 23, Rcnl Estate April 3H, Decisions in Real Estate Casts.

General service rendered the public by the State real estate department, based on statistics kept the past three months, amounts to more than 300 per cent over the preceding three months, according to a report issued to Governor C. C. Young, by Stephen Barnson, State real estate commissioner, on the activities of the department during his term in office. Despite the tremendous increase in business and activities of the department, only 32 per cent increase in the expenditures will be needed during the next fiscal year, Mr. Barnson states.

The outstanding achievements of the department, according to the report, are virtual extinction of "free lot schemes," stopping sale of nearly 20,000 acres of practically worthless land in Imperial County; prosecution successfully of DO per cent of the cases of violations and inspection of several agricultural and land settlement projects. During his term of office, the commissioner has traveled more than 21,000 miles by automobile and talked in practically every city of the State. TERRACE UUETER BUILT ARTISTIC HOMES Ik II Ii M.W. ll -W a a.i i ii mm.m i I VJ Insped the Magnificent Master Model Home built, equipped and furnished under the auspices of the San Francisco Chronicle and Home Owners Institute. Open every day, including Sunday, from A.M.

to 5 P.M. Final week starts tomorrow. See the other fine dwellings we have for sale in this marvel- ous trad. Quaint Spanish houses, stately English homes, and others of attradive design. Look over the charming homesites that are still available in Baywood, the finest residential subdivision in San Francisco's Sunshine Suburbs, There is no better buy or sounder investment in the market today.

Infant Shelter Planned. A two-story frame and stucco infants' shelter building for the San trancisco Infant Shelter, Mrs. Randolph V. Whiting, chairman. Is planned on Ortega street and Nineteenth avenue, at a cost of $125,000.

Scott Street Apartments. A three-story frame and stucco apartment building to contain twelve three-room apartments will be erected on the east side of Scott street north of Beach MARINE VIEW BUNGALOWS $750CashU Balance like rent On 18th Ave. bet. Rivera and Santiago Sts. Near Tnravn! St.

mid 20th Ave. Cnr Llnea Large living rooms, hardwood interior finish. Big basement with garage for two or more cars; heater, etc. Level yard with lawn and flowers. Come out and see the homes with the dandy kitchens.

If you want a darling home see these. Owner on job today and Sunday. Arl'ut'i Sketch Picturing One of Several New Studio Hornet in Balboa Terrace from 7s(ORMA7sDT comes inspiration for this ($750) MONTHLY PROFIT for ($15,000) 3-atory corner brirk b.iildinK. consM-inc of hi room; over private baths; beautiful lobby; elevator Fur! niture In splendid condition: located in one of Californ.a' best valley towns. Reading hotel in town; doint- rauanty business; never before on the market Owner will give a 10-year lease at about fin a room rent.

$10,000 cash will handle deal. Studio Home of Character I costs no more to own a truly distinctive, BAYWOOD PARK COMPANY Trad. Office: Third Avenue and State Highway, San Mateo Telephone San Mateo 1727 City Office: 156 Montgomery Street, San Francisco Telephone Douglas 2178 24th Hoop Run San Francisco modern home in beautiful Balboa Terrace. Style in design and quality in construction make Hueter 'built homes the acknowledged standard of real value in San Francisco. You have only to see and compare! Artistic Homes $10,250 to $18,500 on Terms Drive out Jumpero Serra boulevard or tae cars direct to Balboa Terrace LANG REALTY CO.

Exclusive Agents rf. BEFORE YOU BUILD Get Our Free Plan Hook, It Will Help Ton Motrin I Exhibit. 11 O'Farrell dtreet, or aend the rmmon tmlnv it- Plymouth 8822 80th San I APARTMENTS HOMES Plans, specifications, complete construction management, full cost financing, all arranged under one contract. Soo or write Mr. DavlK.

lIMm l)e Young Sou PrnnrlMrn Kearny SU7D Gentlemen; Without obllitatlni me pleas acod ma your FREE olan book. arc Name Addreaa (N OFFICE ON TRACT TELEPHONE SUNSET 214' I J) zs No. 1.