Oakland Tribune from Oakland, California • Page 44

A LOPM mtM nsxiam iuii VOL CXXXI OAKLAND, CALIFORNIA, SUNDAY, OCTOBER 1, 1933 2-D NO. 93 Pacific Mill In New Plant NEW PLANT OF PACIFIC MILL FIXTURE CO. Oak Knoll Has Great Growth OAK KNOLL HOME OPEN Ratings for Home Loans LDING DEVE ENT Th FpHeml Unucinff Administra The Pacific Mill and Fixture Com pany recently occupied Its new and Oak Knoll is enjoying a steady, consistent growth, with many new resident occupying homes in the Li- 1 if I modern plant at 901 77th Avenue in past few months, according to A. A. Thiel, tract manager for the Bohan- tion, in its examination of the prob able risks involved in an insured mortgage transaction, takes into consideration the following features: 1.

Rating of Property Under this category, attention is given the following: Structural soundness, re- Die East Oakland industrial arta. The firm waa founded in June, 1938, by Albert G. Weikert and O. S. Lone aa co-owneri at S10S Easl Fourteenth Street, specializing In non Organization, owners and devel "A TA -il opers of this rolling hill property.

design, manufacture and installation of all types of bank, store and offiu "Climate has been the clinching argument for Oak Knoll," states use, livability and functional plan, mechanical and rnnvninr nuiD- Thiel, "with a minimum variation xixtures, as wen as industrial wood working. between -the high and low tempera "Progress during the past year vJJlllUi ture, plenty of sunshine, cooling il has been so rapid that it was necessary to acquire additional space and facilities," states O. E. Long. "Our breezes and freedom from fog.

Other advantages shared by Oak ill nw Mr 1 PtislttiM Knoll homeowners comprise all the public utilities including sanitation new plant, equipped with the latest and most efficient woodworking machinery represents an investment of $25,000 and is, in our belief, one systems, fine paved streets and good bus service. This attractive residence, typically Californlan In appearance, has lust been completed Oak Knoll. The rear garden has been fully equipped as a children's playground. The location Is 9333 tyurlllo Avenue, opposite Mirasol. 'Among points of interest at the of the most modern plants of its kind in the West We now have mmu i tununi tu ti rn mm mmmmmm present time, are a new home open for inspection at 9333 Murillo Ave more than 11,000 square feet of nue, opposite Mirasol, and two homes floor space, with additional ground for further expansion as soon as just completed by Robert Trim- OPENS OFFICES ment, natural light and ventilation, architectural attractiveness, adjustment for nonconformity.

2. Rating of Location Under this, attention is given: The relative economic stability, protection from adverse influences, freedom from special hazard adequacy of civic, social and commercial centers, adequacy of transportation, sufficiency of utilities and conveniences, level of taxes and special assessments, and appeal. 3. Rating of Borrower Study to given the following under this category: Social and economic charae-. teristics, motivation in relation to transaction, employability and earning stability, relation of Obligations to transaction, and relation of income to transaction! 4.

Rating of Mortgage Pattern-Included in the factors examined under this grouping are ratio of loan to value, ratio of total pay conditions warrant it Our staff National Convention consists of skilled mechanics, each one a master of his trade, so that we can assure -our customers not only of excellent workmanship, but also of quick service arid prompt ln lett at Mirasol and Granada. One of these is a five and the other a six-room home of modified California style, a story and a half in height. The home on Murillo Avenue has, as one of its features, a fully equipped children's play yard in the rear and is- essentially a Of Realty Boards Set This year the National Associa tion of Real Estate Boards will hold stallatlonv It is our policy to pur chasa ail of our material locally, such as paint, varnish, lumber, lacquers, cork and other materials. 'family "Among the families which have Its annual convention In Los Angeles October 23. "Many of us will recently, occupied homes in Oak remember with pleasure the last Knoll are those of L.

W. Nider, F.J. Derhjrf A. G. Mulkey, F.

T. John Hodgson, Jack F. Flow This will approximate $50,000 a year, in addition to our payroll, which will gross Among recent installations made by flit firm was that of the Market Centre, tha large food market. This convention of the association held here in 1915," comments Colonel William May Garland, past presi ers, Vernon E. West W.

D. Walker, G. P. Wisner. J.

E. Trewhitt and ment to rental value, and ratio of life ofthe mortgage to economle life of the house. dent of the National Association of Art Cohn." r'S i 1 4 A i .4 1 4 1 I i was a $90,000 contract and is stated to be tha largest store fixture con Real Estate Boards, the Los Angeles Realty Board and honorary president of the California Real Estate Association. He added: tract to be mad in Oakland in re cent years. Other installations in' i l-JZAA I Northern California HOLC Leads Nation elude numerous stores for Safeway' Markets, Levin Auto Supply, Blue 'It means bringing togetherjome Insurance Firm Opens Office Here A.

J. MacAninch announces the 2000 of the representative realtors Home Owners' Loan Corporation's and Gold Bakery, various restaurants, and numerous local stores. New equipment Installed in the plant includes an Orton Drum lander, American planer, two Northern California division is credited with leading the entire from every section of our country for the purpose of discussing the real estate problems which today confront the real estate dealers and owners of the Nation taxation, housing, subdivision, salesmanship, land development, property man opening of offices at 1404 Franklin Street, as loan representative for HOLC organizations of the "United States In the liquidation of Its re Walker-Turner saws and iw De Pacific Mill and Fixture Company now occupies its hew plant recently erected at S01 77th Avenue, at an estimated cost oi more than $25,000. Specializing in the design and manufacture of bank, store and office fixtures, the firm has grown in size, and Increased Its volume of business, until It now ranks as one of the leading woodworking plants of the Bay region. Pictured above Is a general view of the exterior and interior of the new plant.

Inset Is of O. E. Long, co-owner of the company. the Acacia Mutual Life Insurance covered properties. This notable Walt saws, it is stated.

Company of Washington, C. MacAninch has been identified success is attributed to the coopera-tion of realty men. During the cast agement, how to analyze real estate from ah investment viewpoint, real estate legislation, financing, ethics with the mortgage loan business for many years, and for the past In fact every phase of endeavor 10 years has placed all of the Acacia Mutual business in the local year, 918 properties have been sold, 376 during the past year, with but 63 unsold. HOLC has announced that, beginning October 16, interest rates on its contracts will be reduced to 4'ii per cent. This rate will apply on all new contracts and to in which the realtors and owners of real estate of America are inter Bay Realty, Men territory, it is stated.

A well known appraiser, MacAninch has a wide ested. Then, too, they will be privi leged to visit the Golden Gate international Exposition at Treasure Island. unpaid balance on old contracts. experience in the field of property appraisal and mortgage loans, and Is considered an authority on the subject. Attend Meet Under the leadership of F.

D. Roof Decks Hours of relaxation In fresh air are made possible in congested areas by the application of heavy roofing materials to flat roofs, thus transforming (this unused space into a valuable sun deck. Flay areas for children are also being built on many house tops, thus keeping youngsters away from traffic dangers on the streets below. Brick walls extending a safe distance above the floor serve as protective guards In preventing falling, Because these play courts arid roof decks are subjected- to considerable foot traffic as well as exposure to the outside weather, a fipsvv material la tincpiurt fnr tha Importance of Zoning Ordinances Emphasized Protection for residential prop-1 of their plirpose offer little if any crties and adverse influences protection. through the medium qf appropriate Moreover, FHA officials cite the wvmho.

muiuni A. J. MacAnlnch, property appraisal and mortgage loan specialist who has opened offices at 1404 Franklin Street, as loan representative of the Acacia Mutual Life Insurance Life Insurance Company is on of the Nation's oldest and most substantial concerns, and has been In existence for more than 70 years. Courneen, general chairman of the recent State Real Estate Convention held in Oakland, a large delegation of Zastbay realtors is being formed to attend the annual convention of Financing to Fit Every Purse Now Offered, Says FHA Official the National Association of Real necessity of provisions for enforcement of provisions in the zoning ordinances, Greater importance Is attached to Repair of Brick Walls and well-drawn zoning ordinances is becoming more general, Federal Housing Administration officials say. In this connection, the need for Brick walls of old houses fre deck Fundi for thli work Estate Boards at Los Angeles during the week of October 22 to 27.

It is anticipated that a party of SO A plan' of home financing to fit every pocketbook and practically every type of community now is Living Room Colors quently crack, or the mortar becomes loose throughout large sec zoning protection in and near large metropolitan- centers than in places well-worded and drawn eoning or- are obtainable from qualified lending institutions under the Modernisation Credit Plan of tha Federal Housing Administration. realty brokers and salesmen with their families and friends will at A living room combines red and dinances is very clear, as ordinances i having smaller populations and less putty color with effectiveness in its onerea oy tne Federal Housing Administration, according to John tions of the wall. Structural weakness develops and repairs should be made by a competent mason. tend the National convention. drawn with no real understanding I rapid rates of growth color 2V group the Federal Housing Administration has another plan.

On a more costly home built under FHA inspection, the borrower is permitted 90 per cent mortgage insurance oh the first $6000 and 80 per cent on the additional appraised value up to $10,000, and a maximum payment period of 20 years. "On higher priced new homes, and for families purrhasung existing dwellings not built under FHA inspection, mortgages are insurable for as much as 80 per cent of the appraised value and may extend over a term of 20 years. The maximum insurable amount is $16,000 and the house may be a single family dwelling, a duplex or containing not more than four family units." All insured mortgages, Kenney said, bear interest at a rate not to exceed 44 per cent, and are paid off tin monthly rent-like instalments covering all costs. E. Kenney, recently arrived from Washington, D.G., to become executive assistant' in the Northern California office of the FHA.

He is highly optimistic over the outlook for future home building activity in this district. Revised regulations authorizing Insurance of Title One, Class Three FHA loans to finance home construction up to $2500, and extending the repayment period to 15 years, have opened up the most fertile field ever faced by the home-building industry, in the opinion of the housing executive. "The new plan is similar, but Let This New IB 11 a of the Better Mousing Committee assist you in mm simpler in operation and the i amounts involved are smaller than under the original insured mort-: gage system." said Kenney. "Also it carries the safety features of 1. 2.

3. FHA home financing into suburban neighborhoods, rural areas and Building a new home Increasing the value of your present home Showing how to pay for it easily i other communities not qualified to participate under the more exacting regulations of that system. "There are few families with reg-! ular income and sincere ambition to own their homes who cannot I afford' a down payment of at least 5 per cent and an opportunity to 901 SEVENTY-SEVENTH AVENUE cash in their rent receipts on actual home ownership. Payments of about $8.50 a month foreacHTHHHT borrowed, or less than 30 cents a day, will completely cover prin- pficinc LULL ei FIXTURE GO SWeetwood 6500 SWectwood G501 cipal and interest and pay for a new home built under this plan." It was pointed out that en-I tire proceeds- from such a loan must go into construction of 'a house, I that they cannot be used to buy an existing dwelling, and that no part i can be applied to the purchase of land. However, he declared, in some instances it is possible for the bor 90 LOANS in OAK KNOLL on Trimlett Built' Homes rooms $6250 rooms $7250 A Mansion at the Price of a Cottage View sites, landscaped and fenced.

Architectural gems, with streamline interior finishes; full tile baths and showers, with glass doors. Many other features. Be sure to see these matchless homes today. Only 10 down payment, F.H.A. Drive up 82nd Ave.

at Foothill Boulevard. Follow tigna to Mira. ol and Granada, in Oak Knoll. BOHANNON ORGANIZATION ALL WITHOUT OBLIGATING YOU MN ANY WAY Now, from a single source, you can learn to build your new home, or to modernize your present home. This new bureau has been formed to give assistance and information to its readers.

The bureau will gladly tell you about the various phases of building and financing, and explain how easy it is for you to acquire the dream home of your desires. The function of this bureau is to extend a helping hand to you who seek further facts on the home project. you are planning. ACT TODAY! CHECK AND MAIL COUPON AT ONCE TO THE FHA Better Housing Bureau (Under the direction of the better Housing Committee) 51 1 RAY BLDG. 1924 BROADWAY OAKLAND rower, to give a second mortgage for any unpaid-balance due on the land, not covered by the per cent down payment.

Also, these homes must be located in neighborhoods or communities which fail to qualify for financing under the FHA insured mortgaged system. Families building in more highly developed areas, when Income justi- i lies the investment, may secure in NOW OCCUPIES ITS NEW AND MODERN PLANT Completely 'equipped for -the design, manufacture and installation of allotypes of REFRIGERATOR 'CASES, ICE FIXTU R-E S-S TORE FIXTURE -BANK FIXTURES and industrial woodworking 'QUALITY EFFICIENCY QUICK SERVICE The following firms" extend congratulations to the Padfic Mill and Fixture Co. sured mortgages running lor 25 years and covering as much as 80 per cent of the. appraised value of house and lot, up to $6000," Xenney explained. "It is required that 'the house be built under FHA inspection from previously approved plans and specifications.

"For the next higher Income If you are Interested in building a new home er should yon content, plate modernizing check the items on which you desire information, sign and mail this coupon to the FHA Home Service and Information Bureau. No charge for this service. NEW HOME Sise and Approximate Cost 38117th HI gate 1613 MR. A. J.

MacANINCH MODERNIZATION (1 General Centtractlea Ttle Work Limber laialatiea Electrical AHaaees Arehitectaral Serrle rirealae Air CeaSitieatas Laadaeaalas T. laiterinf Hardware riAwnian Brick-Til New Keen New Bath Llaeleaai-Rhadef Veaetlaa BllnSi Cement Werk Real MoTlnr Olan-Glailnt Garac Heatta ANNOUNCES THE OPENING OF OFFICES AS THE A. J. MacANINCH COMPANY AT SUITE 625, 1404 FRANKLIN STREET, OAKLAND AS MORTGAGE LOAN CORRESPONDENT FOR THE ACACIA MUTUAL LIFE INSURANCE COMPANY Mill Work nBeilt-in Fettnrei Beeeratlnt i Wlrlnt-Flxtaree Flooririf Paaerljis Painlinj Plantains, Eeafins Triangle Paint Company, 2222 Tfiird Street, Berkeley Loop Lumber Mill Broadway at Estua Smith Lumber Estuary Between 18th 19th Ave. Cork Insulation Co 462 Bryant Street, San Jrancisco Ceorge Morris Welding Works, 9841 San Leandro St.

Oakland Lumber Company, 6901 East 14tfi Street Perry C. Fry Company, 3300 East 44th Street E. B. Bradley Company, 462 Bryant San Francisco W. C.

Rice Company, 1128 Mission San Francisco U. S. Plywood 119 Kansas Street, San Francisco AND TELL ME HOW TO FINANCE IT! OF WASHINGTON, D. Name OCTOBER 1, 1939 TTinoaks 2811 Address. 7.