Independent Press-Telegram from Long Beach, California on January 4, 1959 · Page 94
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Independent Press-Telegram from Long Beach, California · Page 94

Long Beach, California
Issue Date:
Sunday, January 4, 1959
Page 94
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M-- INDEPENDENT-PRESS-TELESRAM iu« 11, «MUT, UN. ». I.H Edison Co. Seeks New Stock ks«e SAN FRANCISCO (UPI) -Southern California Edison Co. fau asked the California Pub- lic Utilltiet Commision for permission to issue 500,000 n e w shares of common stock at a par value of $25 each. The new capital was to be used to finance new construe tlon and to retire outstanding loans. Few Choice Locations Available 50 PER MO, Fr. ( Int. 3 and 4 BEDROOMS l'/i and ! 3 /4 BATHS $11,350 $12,750 WALL TO WAIL , CARPETING \. PLUS MANY OIHERfEATUfttS Models Furnished by Lewis DeHaven Shaw the Long Beach business area, Pageant Homes have high sales appeal for Southlanders seeking minimum travel time. Within easy access of shopping centers, schools, parks. playgrounds and churches, the homes offer luxury features for the entire family. According to McCarthy Co., sales agents, Pageant Homes are offered on a special "48-hour" trade plan which facilitates immediate Low-Prieed Luxury in Pageant Homes Located only minutes from limited number of homes are PRICED FROM $15,800, a being offered vets at no down payment, only closing costs ani impounds. FHA termj with minimum down are available Features include: Oak hard wood floors,, vinyl flooring In kitchens and baths, forced air gas heating. Model homes are open daily. To see them from Long Beach, drive 7th St. easi to Stanton Blvd. (Hwy. 39) purchase. A homeowner may left to Lampson, left to Santa Irade in his present home, using the equity as a down payment. Rosalia, and right to the homes From Los Angeles take the Santa Ana Freeway to Gram Ave. and follow Hwy. 39 to the homes, just south of Chapman. INTERIOR VIEW This view of the living r o o m area at Pageant Homes shows off fireplace and many custom designed features. RANCH HOUSE IN ROSS/MOOR Among the many models of fine homes in the Ross W. Cortege development of Rossmoor just east of Long Beach is this ranch house. The living room in the ranch houses are available with drop, beamed or cathedral ceiling. Rossmoor Shows Record Sales, Progress in 1958 Record sales and vast pro] ess in civic enterprises mac 958 a "blue ribbon year" fo Rossmoor, the 1200-acre com lunity near Long Beach, Walk r Lee, sales agents, report. Home sales in the past yea ere a record $21,300,000 an NON-VETS DOWN · · · · ROOM OVER 1300 sq. ft. OF LIVING AREA EXTRA URGE. LOTS FOR POOL, PATIO PLAY YARD VALUE 3 or 4 BEDROOMS WITH T/4 or 2 BATHS FOR AS LOW AS $12;200, LESS THAN $10. PER SQ. FT. CONVENIENT TERMS $195. plus $90. COSTS MOVES YOU IN! NO DUE DATES... NO BALLOON PAYMENTS! SELECT LOCATION IDEAL FOR SCHOOLS. SHOPPING TRANSPORTATION ALL IMPROVEMENTS IN AND PAID FOR, EXCELLENT DRAINAGE. IN GARDEN GROVE From Ion! Bex* east on 7th St. (Clrdin Grove Blvd.) to Hunt- Ington Beach Blvd., south to Westminster and east to Mignotli Minor 7. K»raiA CHAPMAN GARDEN GROVE BLVD. WESTMINSTER MAGNOLIA MANOR LARAMORE CONSTRUCTION CO. pushed total sales past S48 million, the spokesman said. The community in 1958 also: 1. Set a new Southern California real estate record by selling 68 homes hi one day, which broke the former record of 67 homes sold in one day, also set by Rossmoor in September. · * · · t. ATTRACTED MORE than 126,000 visitors, of whom some 30 per cent were from out-ol state. 8. Signed a record-makin contract with the Souther California Edison Co. calling fo the construction of 451 "Meda! ion" homes--largest Medallio contract in the nation. Great strides were also mad )y social and civic organization at Rossmoor, noted the devel oper Ross W. Cortese. * * * * ESTABLISHED IN 1S58 wer :he Rossmoor Woman's Club which currently has a member ship of more than 300; th Rossmoor Little League, com prised of eight teams; and th lossmoor Boy Scout and Gir Scout troops, c o m p r i s e d o bout 100 children. The remarkable growth of the which now ha 1,300 families :ommunity, more than residents and will have an addi ional 300 family residents upon completion of homes in the sixth unit, was attributed to the fol owing factors by Cortese: 1. Proximity of the Santa .na and Long Beach Freeways onnecting Rossmoor with the Civic Center. 2. Appeal of the community ecause of its proximity to Long Beach State College vhich is only a mile away. 3. Proximity to a variety of acilities -- among t h e m the ilarina, Disneyland, and Los Uamitos Golf Club. * * * * "BECAUSE OF T H E S E actors, Rossmoor has become xtremely popular with profes- !onal and junior executive fam- ies," Cortese said. A recent survey noted that bout 80 per cent of Rossmoor's dult population is in the 35-42 ge bracket. The occupational breakdown evealed that some 35 per cent f the community's breadwin- ers were engineers, 20 per ent lawyers, doctors, school eachers and senior personnel 45 per cent junior executives in private business and publit utilities. * · · · A HIGHLIGHT of the coming year at Rossmoor will be th« start of construction on a 51t million shopping center, Cortest said. The nation's first octagonal* shaped shopping center, the 7ft acre project will provide approximately 500,000 square feet of retail sales area and parking for more than 5,000 cars. Starlite Home Is Appealing Sales continue to climb in the fourth unit of Starlite homes, according to company records. Gilbert J. Haynes, sales agent, states that families welcome the convenient location and the outstanding room designs. Within 5 miles of the beach, these $11,350 to $12,750 homes are in easy commuting distance to urban centers. Planned to offer top living enjoyment for average incomes, Starlite homes have wall-to-wall carpeting. This merger of desireable location, and quality appointments has resulted in the purchase of over 50 per cent o£ this new unit within a month, according 'to Hayes. Monthly erms are quoted as low as 179.50, including principal and nterest, with 5295 down and !55 move-in cost. Spaciousness and flexibility ecreational and entertainment predominate in three different : loor plans. Each has extra- arge living rooms with ad- oining family-size kitchen with dining area or snack bar. A choice of 3 or 4 bedrooms is :ombined with 1'A or IS baths. Visitors may compare and in- ipect these homes during conduction. Models are open daily. " the armed forces and about Daily reported. Contracts Drop NEW YORK OB -Heavy contraction contract awards for he week ended Monday, fell to 291,813,000 from $353,298,000 r e v i o u s week, Engineering "·Jews-Record and Construction per month...Full price $ 12,950 to'13,500 JL (Includes principal, ind Interest) J- 3 BEDROOMS'...3 and FAMILY ROOM....and 4 BEDROOMS....all with 2 baths A 4 MOVES YOU IN! trnt BRENTWQOD i 5 Don't, miss the opportunity of your lifetime! DRIVING DIRECTIONS: · From Long Beach, drive east on Carson (which becomes Lincoln Ave.) to Knott Ave. and then' to the beautiful model homes. From Los Angeles, take the Santa Ana Freewayto Artesia Ave* turnoff, then straight ahead (south) on Knott to Lincoln Ave. -TTT V Irt

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