The Los Angeles Times from Los Angeles, California • 25

Co0 Angeles ffimcg AUGUST 1912. PART II. SUNDAY MORNING. 1 Home Owner Loans Aid Merger of Mortgages Lending Institutions Help Householders Unify Obligations as Move to Balk Inflation Realty Activity Tops 1940 Mark Statewide Survey Shows Uptrend as Compared With Two Years Ago Lending institutions are expressing increased interest in refinancing loans to enable home owners to consolidate first and second mortgages or to place straight term mortgages on an I 1, 4 It 1 I "'iiirrrrT frh amortized basis, says a report find an. outlet for their money that is not in conflict with the war program.

It is found frequently that, in making reftnanc ing loans, the banks are very iiw-, A II I It 'ium AY if f-J Ljrr.r-i----- -4 lJ ''ij 1 'tA 1 1 11 IS XSZSSSX 1 K-i jf" i from the National Association of 'Real Estate Brokers. The, Federal Housing Administration has launched a program to encourage such loans both as an anti-inflationary device and as a method of finding a useful outlet for pent up lending funds, the report states and adds: "With new construction shrink. willing to include a small 'addi tional amount to take care of re pairs ana maintenance woric that will place the property in good condition. For example, if the roof needs repairs, the time ing far below normal voulme, banks and other lending insti- of refinancing the loan provides Rpal estate business through out. California is, generally better this year than it was in 1940, Forty-five per cent of brokers reported good business, 45 per cent said business was fair, and 10 per cent stated It was slow.

This is disclosed in a semiannual survey compiled auspices of the California Real Estate Association's brokers' division, headed by Walter P. Laufenberg of San Francisco, and reported by Leland P. Reeder, Beverly Hills, president of the association. Realty activity increase Is emphasized by the fact that the association's February survey found business announced as good by 32 per cent of brokers reporting, fair by 35 per cent, while 33 per cent said it was slow. This inquiry represented replies from more than 130 communities.

The organization's members report their greatest problem today is obtaining good ENGLISH COUNTRY HOUSE This distinctive, two-bedroom-ond-den dwelling at 4937 Onaknoll Ave. in Valley Ridge tract in southwesterly Los Angeles, as constructed as a model home by Elwain Steinkamp, builder. It has been charmingly furnished in 18th century manner by the May Co. This home is announced as in $8950 cost classification. tutions are particularly eager to an opportunity to do It." Southland Tabulation Shows uge Construction Volume Home Buying Galled Thrifty There are 5,000,000 to 6,000,000 ing Committee of the United The extent to which 66 Southern California localities aided In launching new construction to the amount of $104,898,172 Smelter Scheduled for Construction Here Pacific Coast Iron Corp.

will-construct, it has been a new iron and steel plant in this area that will have electric furnaces producing 75 tons of iron or steel daily, The smelter will heads of families, those who will run the civilian economy for the States Savings and Loan League, which stresses the purchase of duration and hence expect ''to In the first seven months of this year is told by the following compilation composed of reports gathered by The Times from official sources at the close of. July: stay put, for whom buying a home will be a real wartime homes, and says that such a policy is good inflation-hedging and that it will be easier for most persons to start paying for their homes now than to wait the war is over. 7 Mos. 1941 STORE CHARM Above is shown section of elaborate new unit opened in specially prepared building at 6307-9 Hollywood Blvd. by Brooks clothing-store organization.

7 Mos. 1942 40,370,4 July 1941 8,127,414 be located on a 15-acre tract and the company has an option on 135 acres. economy. This is the conclusion of the Home Building and Home Own City 1942 Los Angeles 5.S72.9 :9 53,639,706 '2 25,240,215 23,305,110 782,720 Brooks Opens Elaborate Unit hp 10 The most elaborate of its chain! 35,902,070 3,638,523 7,999,019 174,263 2,265,066 059,770 1,873,967 855,138 3,093,323 733,054 1 463,734 2,731,930 982,255 256,688 324,670 1,561.151 1,738,833 of 13 stores has been opened by the Brooks retail clothing or- 1 1 fftr Ann fonstructed building at f.307-9, Hollywood Blvd. near Vine resident, has annnnnrwl.

221,262 264.102 comber and the organization personnel of the previous Holly wood store near Cherokee Ave. was transferred to the new loca 287,985 1,392,785 1,351,956 171,693 2,212,682 971.324 380.684 665,328 1,514,390 433,776 2,034.265 tion late in June. L.1KGK WINDOW SPACK Los Angeles County Unincorporated Long Beach Chula Vista San DifRo South Gate Burhank Gardena Inglewood Lynwood Vernon Whittler Santa Monica Huntington Park Arcadia Hawthorne PHsadena Culver City Coronado Hermosa Beach San Gabriel San Hernardino San Fernando Torrance Glendale Redondo Beach Compton Rakersfield Pomrvilla Fresno Monfehello KM Monte Pomona Alhambra National Citv Beverly Hills Corona Monrovia Oceanside Fanta Barbara Kl Segundo Mavwood Somh Pasadena RMlands Tulai Manhattan Beach Ventura Bell Visah'a Santa Maria Monterey Park Santa Paula Ontario f'ovina t.aeima Beach Co! ton riaremnnt. San Marino Lindsav lrnland Chino La Verne Exeter Beaumont The building fronts 62 feet on' 1,202,825 1.32.4:i 29,402 1.3h7,220 47.2H3 3135,970 341,675 285,405 127.04S 394,900 114.0H2 214.200 45.158 114.4HS H7.290 57.4(i7 3.10,015 90.944 19.128 5.i.550 157,291 31H.5IJS 58.680 392,500 105.22 47.5(11 1. 11 40,010 37.75 25.194 31,520 112.005 48.527 91, 792 74.521 3S.L'i3 2.794 45,000 8.KSI S2.V.5 2l5.fi48 4.255 5.910 975 7.330 5.915 2.7R5 509 10 70 is I.ISS.WO 311.100 115,110 11 5,0:34 110.100 109,211 si.o.v 92,4115 27,4 27.0.U 25.0(10 2 20.707 18.2SH UtifiO I.

II, 202 9,110 K.S78 7.ri7 7.0.!l fi.121 4,295 4,005 3.PK4 3.6B7 lft 2.0S9 2.500 2.110 2.oso 1 .655 1 1.575 1.040 1.010 SS5 S.1.1 5S0 None 18.R16.422 6,646,575 1,115,810 7,323,415 1.R26.725 3,161.552 1,107.767 793,030 2,076.780 134,09 1 1,415,094 614,718 WW. 900 3W1.49H 9S6.2(7 11 2 188,182 116.276 318.002 fi.i.S7l 113,935 7.172.5K8. 1,451,117 183,215 2,059,05 44,321 S27.0(ifi 195,003 239.104 205.122 305.5.M 13.Xii5 163,994 92,430 127,732 1.410 220.515 97.350 277.254 50,864 115.627 78.1H2 216.469 94.900 102.413 205,761 27,476 92.677 11.275 91.916 47.912 41.694 6 11. MIS 7,633 30.U51 26.549 9,380 10.607 9.533 23,910 12,395 i t- a if s. the Ixwlevard, with a depth of1 140 feet, and consists of one and 139.390 one-half stories and partial base- OTo' Street elevation is char- 1 acterized by a simple and pleasing treatment, with broad marquee and recessed entry to per 1 53 mit plenty of window display, i0M 3leal foUate? iS-V .340,061 Interior treatment provides broad aisles, with particular emphasis on open-type showcase fix 2i543 r.7,i 12 tures of glass and light-color veneered plywood.

The women's: department occupies a mezzanine! balcony at the rear of the store. The entire store is air-conditioned 1 2.1,737 vm 227.7R4 162,706 2.1B1 H.1.07S and illuminated by indirect fluor-; ill tIO. escent lighting. EACH DEPARTMENT UNIT Each department functions asj a separate unit uncier tne over all direction of Louis store manager. Azusa Harold Johnson was architect West Covina for the structure; interior archi Total S12.232.125 $25,041, OtG S101.SO3.172 tecture and fixtures were by! Burke Kober.

General con trend in Wen Coast fh followinar tabulatlnn indiratp const ruot Ion localities outside of the Southern California area: tractor was the Baruch Jack Briskin, handled the! realty transactions. Julv July 7 Mos, 7 Mos. 1012 1041 1912 1941 1,234.51 1.2-10.645 7.047,350 9,150,120 B51.310 3,571,371 7,24,500 19,650,756 563.800 7,252,595 14,301,505 223.5S0 4.9S1.442 3,528,416 214,141 2,847.037 10,247,335 102,732 418.044 1,694,842 1,005,201 69,803 586,813 1,809.092 5,481,537 City Portland San Francisco Seattle Tacoma Oakland Berkeley Sacramento See that head of cabbage. You could Iiave bought one like it a year ago for 1 cent a pound. Today at 3 cents a pound it's abargain.

Ask your wife she'll tell you. You're paying 200 more for cabbage 33 more for eggs 30 more for butter than you did last year. (Economists may call that inflation; you call it higher prices.) That's what cabbage has to do with real estate. Inglewood Lacks Homes Nine Buildings Slated to Rise Need for rental units as well; as homes for war industry work-; ers is becoming acute in Ingle One of the most extensive resi- jointly from Lawrence Block, wood. according to report from; flentiai income-building pro an official source there.

Also an president, Lawrence Block Roxbury Manor sales nounced was that the city of Inglewood is marketing manyl sites suitable for single-family' While you've seen prices go up on food, clothing, furniture and other commodities, prices on real estate have remained at comparatively low levels. Bargain levels, if you buy today. With people making more money, they're looking for safe investments for their savings and overtime earnings. And real estate is one of the safest investments they can make. homes or income-producing mul tiple dwellings.

agents, and Glenn A. Doughty, general contractor. Defense Income Properties, has acquired the nine adjoining sites, aggregating 510 feet of frontage, on the south side of Vidor Drive just south of Olympic and located be-. inglewood has heen growing grams undertaken in tnany months in the vicinity of Beverly Hills is scheduled to get under way next week With the start of nine four-family flat buildings In Roxbury Manor. Announcement of the construction program, entailing total investment of more than $135,000 In.

land and buildings, came rapidlv as an industrial center. Sims Handles Large Sale tween Bedford and Roxbury Drives. In a deal for purchase of a business property in Oakland forj $250,000, the buyer, a iNew lorkj Westchester Area real estate operator, was represented by Herman Sims, Los Angeles realty dealer, the latter an to Get Supermart nounced yesterday. The bund Here's the wise thing to do, if you want to get the greatest value. Buy that home, income property, ranch or farm you've wanted! Take advantage of the easy terms, the low down payments that are the same now as they were before the war.

Protect yourself against the higher prices of tomorrow. You'll find the cream of the real estate "buys" advertised in Times Classified Ads by the West's leading real estate firms. Turn there now; get yourself a bargain in real estate today. ing was bought from Felix Kahn of San Francisco. Plans have been completed for an SO by 125-foot supermarket toj 1 be built in Westchester business district, Frank H.

Ayres Son, agents for this business proper ty, has announced. "Plans also Barnes Gets Marine Job Contract for construction of a $10,000,000 Marine Corps air base in Southern California has been awarded to the James I. Barnes Construction Co. by the Bureau of Yards and United States Navy. The work involves construction of runways, utilities and about 30 buildings, it was announced.

Herbert Goldsworthy, general manager of the construction company, stated that work on the project was started last week. F. II. A. New fi Defense Housing I Project I WILMIXGTOX have been started for two adjacent buildings to house six stores," Ayers said.

"The buildings will cost approximately $100,000 and will stans at Sepul-veda Blvd. at La Tijera Blvd. in Westchester central business district. Construction will start as soon as permits from the War Production Board are Stars Worth Seeing MONTANA CATTLE RANCHES Wi rMtl Im4 wtv fully HM Mttlllt Ik riM rt Mafrtuia. II In.

tmf4, fir (HuttrafH Mriafm litwmwrt. fUll COMMIS SEE YOUR REAL ESTATE BROKER can help you in many icoy when you buy or sell real estate. He i a specialist with yean of knowledge and experience in real estate molten. See him for sound advice, expert assistance and the best realty buys. Postwar Plans Mapped The New York City Planning For ale option 32 actm, 16(1 tide VI approved, itra-trgir, Irrl, walk to chip yarrl.

CnnMrlirtion of ulili-lift and 50 houerf to lx tarlrd within 30 dayi. Sis month of building lrign-inn, changft, approval and prioritici completed. t50 bandlea. Bo m. Timet SION TO tJBQKEBS.

0 VM km WHITE CIEPHANTT Fmitw HH tMi tm Mil If. TMIr rt HttwM tkrMfUMIt UltltMl SIMM. Writ far kMkItt mr rulfm Incorporated Tlx Rnl tttaf CtaHat Hmm, im Tm St lM Aatttw, VAi natM Vtrk PklltMilija Commission has prepared a proposed postwar program of public works. Cost of projects listed will come to Twenty-one million dollars are asked to begin plans and jspecifications for this program, which includes $300,000 for general advance planning..