Oakland Tribune from Oakland, California • 77

i rvA: A Financial Rentals RENTALS Apartments Boarding Business locations 37c wYm imir J'fff SUNDAY, JULY 19, 1964 1-C Halls, Garages Hotel, Motel, Apartments Houses Index to Real Estate REAL ESTATE Acreage for Subdivision Alameda County 30-49 Business Sites 22 Contra Costa County 50-69 Income Property 20-29 Industrial Property, Sites 23 Loans on Realty Wotels, Trailer Parks Oakland Lots 10 Oakland Honrtes 11-16 Other Real Estate 70-93 FINANCIAL Business Opportunities 110 Investments 140 Loans on Autos 170 Loans on Reslty 1 Mines, Oil, Timber 120 Money to Loan 151 Industrial for Leas Multiple Dwellings Duplexes, Flats, etc Progress Is New uui 01 1 own Rental Bureau Rentals to Share Rest Homes, etc. Rooms Suburban Vacation Places 348-fso 1 328 i4? -z-fl Fir Other Classificatians. Sti Index First Pace, Stttin II Too Late to Classify on Page 32 REALTY REVIEW Sit' ,11 i I 1 fl-if History for Old One by one old landmarks disappear, making place for progress and today's But even as each building of yesteryear vanishes it brings forth a brief flash of history. Today a modern 28-unit apartment building, newly completed, stands at 447 Orange St. Torn down to make way for the new structure was a home built in 1891 by Edward P.

Flint, early Oakland land developer and San Francisco businessman. Flint came to San Francisco via the Panama route in 1850 and became a member of the commission firm of Flint, Peabody SrCtrra At one time he bought the block bounded by 12th, 13th, Clay and Washington Streets for $1,000 and built a house on the corner of 13th and Clay. All They Want IsfhFacts ,45 The site on which he built the house at 447 Orange -St. was part of a larger parcel he subdivided. Flint was a friend of Edson Adams, one of Oakland's found By JOHN L.

FERRIS Tribune Real Estate Writer rppfr 30 and- Horace city-'s first i L-- -Z: j. ine urange sireei property was acquireu me early part of the century by Adm. Thomas S. Phelps, naval officer who served at Manila during the Spanish-American War and who later became commandant of the naval base at Mare Island5. It was purchased from the estate of Adm.

Phelps' widow in 1939 by M. A. Marquard, who lived in the, house until replacing it with the new apartment building. The new structure has 15 two-bedroom and 12 bne-. bedroom apartments, plus Historic home built by early Oakland developer was torn down to make way for apartment a penthouse which is occupied by Mr.

and Mrs. Marquard. Each apartment has its own private recessed balcony. The latest sound-proofing techniques have been incorporated into the building and include double insulated suspended ceilings, sound deadening board under the kitchen and extra insulation on ajl outside walls, according to Marquard. The entrance is distin- III 1 Zlfz inches more than Concord two miles away and 3 inches less than Lafayette a couple miles in the other direction.

Item. The average value of a three bedroom home in Orinda is $31,050, compared to $28,850 in the Mo-raga-Rheem area, and $29,000 in Lafayette. Item. The monthly round trip commute rate by Greyhound Bus between Danville and Oakland is $13.45.. These are samples of the numerous facts being compiled and disseminated by the research center of the Contra Costa Board of The value of research is undisputed in most fields of endeavor these dayjs, but, amazingly, organized, extensive research at the level of the local real estate board appears to be rare.

Just Like New York In fact, research by the Contra Costa realty group on research departments indicates that no other local boardrwith the possible exception of New York City's, has a separate research department. Contra Costa board officials sort of hope New York has a research section. It might sound better, they reason, if they could say that Contra Costa County AND New York have the only local research departments. "Object of the research center is to supply the board membership, the business community and allied industries with constant research data pertaining to the local real estate industry," explains Julius C. Deubner, research director.

There is not a dearth of real estate research on the national level and on general subjects. But non-local data often must be discounted to zero because it consists of vague generalities which are not applicable on the local level, explains Deubner. Currently, for example, the center is engaged in the study of the apartment house vacancy factor. What value will such a study be to Realtors? It will enable them to pinpoint where and under what circumstances apartment house vacancy occurs. This in turn enables them to talk knowingly with builders, investors, and lenders regarding transactions related to apartments.

The center also is analyzing the percentage of real estate business handled by Realtors, and the types of property involved. tile and night lighting and landscaping. The yard area in the rear of the building also has been landscaped and features a three-tiered waterfall and dramatic lighting. The building was designed by Al Colossi. Contractor was Knud Danild.

Landscaping was done by Harold Sato. Each apartment unit is equipped with a dishwasher, refrigerator and stainless steel sinks. Other features include a four by eight foot mirror in one bedroom of every unit, all-wool carpeting; imported Italian light fixtures and a master TV antenna. Modern 28-unit building newly opened on Orange St. has one and two-bedroom apartments, plus a penthouse Oregon Claims Settlers From The Golden State They're gradually moving northward "to enjoy A lot.

of Califomians are hittine the trail for Oregon return to a region that will provide them with the con- America's last hope for opportunity and liveability," and Washington these days. tentment which they formerly enjoyed" Hubert J. "Californians are becoming disenchanted with the San Francisco economist and financial consul-problems created population growth and yeara. to -4ant, noted in Portland he observed at a meeting or the Oregon and Washington TnlonotiHont TplpnVinn( Associations' "New settlers in the Golden State had anticipated sunshine instead of smog; tranquility instead of traffic congestion; Deauiy msieaa oi uues wiui wuuuuuuv structures; friendly neighbors instead of minority race problems, and jobs instead of employment declared Soher. Soher predicted that the population of Oregon will Vuw torm -tftft ftftfl 1QJM Ttuja- it Talk About the Weather The data on rainfall was gathered because newcomers house-hunting in the are often ask about the weather.

"It won't hurt to mention that the common coastal summer fogs are dispersed at about the top of the Oakland and Berkeley Hills and that we have a delightful climate in this area during the summer because we are mid-way between the cool coast and the hot interior valleys," advises the board's Research The information on the average value of homes in different areas within the board's jurisdiction has proven useful in answering out-of-town inquiries about house costs. As for information on the cost of commuting by bus, it is helpful because most prospects for homes in the board's area will be commuters to Oakland or San Francisco. Research lends substance to many opinions or generalities. For example: 1 Overpricing a house doesn't change its market value. The house ultimately probably will sell at market value' determined by competition, but it will take longer to sell.

2 Houses listed for under $20,000 have a much TbettTr" those listed for over Much of the information wuTcome from analysis 1 cav-u 1,768,687 in 1960, according to the Federal Census. "I am certain that if Oregon and Washington properly develop and protect their natural resources, they can attract expanded, new and diversified types of industry to support a population several times the size that presently exists," he said. He also noted that they offer "the finest recreation areas in the United States and have a delightful climate." Typical of "liveable" communities expected to attract many Californians who want to escape the hustle and bustle of the nation's No. 1 state is Salishan Beach, a quality development which emphasizes serenity and has the scenic beauty of the Monterey Peninsula. Salishan is on coast highway U.S.

101 three miles south of Taft and leMantwo hours from Portland, Oregoft'-s-largestUy. '-'ZZ'-- The 600-acre wooded peninsula on which Salishan is being developed has Vh miles of frontage on the Pacific Ocean and 2 miles on SUetz Bay. It will privide-a totalo550Lhomesites leased on a 99-year basis. More than 100 leaseholds Continued on Page 8-C, Col. 1 4 is i nf records of the Doara mumpie usung wiv-c.

Subjects which the center will consider include unimproved residential land, commercial and industrial property, and aspects of financing. Oregon's scenic coast is the setting for this beachfront second home in new Salishan development.