1971 Schwinn Paramount P15-9
I was unable to find a listing for this bike shop. I believe it would have been just west of the Recreational Park Golf Course on 7th street in Long Beach, California - and not far from the University and PCH (Route 1). The red lettering of the decal matches the lettering and lug outlining on the bike. I wonder if that was intentional?
Frejus Professional c.1970
This bike dates from around 1970. As of a few years ago this bike shop in Denver, Colorado was still around. When I called on the telephone the owner answered. He had just opened the shop around the time this bike was sold and was able to recall the model and all components in great detail just from the brief description I offered.