KF Real Estate Holdings purchased this 815 square foot, Spanish-style, single family home in May, 2000. Built in 1930, this two bedroom, one bath home in the City Heights neighborhood of San Diego, California was vacant and in need of significant clean-up and updating when it was acquired. The property was able to be purchased at a slight discount and, upon completion of a cosmetic interior and exterior renovation, was resold in October, 2000 for $140,000.

3593 44th Street: San Diego, California 92105

This home is located at the corner of 44th and Dwight Streets in the City Heights neighborhood of San Diego, California. City Heights is an older residential and commercial area centrally located a few miles northeast of downtown San Diego and known for its ethnic diversity. The neighborhood has a mixture of smaller single family homes, small to medium sized apartment buildings, and a commercial area of locally owned shops and restaurants centered around the intersection of University and Fairmount Avenues. In recent years the area has experienced gentrification and redevelopment efforts, including a retail center anchored by Albertson’s Grocery and the City Heights Urban Village which consists of the Weingart Branch of the San Diego Public Library, a community and recreational center, Rosa Parks Elementary School, a new San Diego Police substation and a new community college.

Purchased in May, 2000, 3593 44th Street was an 815 square foot, Spanish-style, single family home built in 1930 and was our first acquisition. This 2 bedroom, 1 bathroom property was vacant and in need of significant clean-up and updating. The property was able to be acquired at a discount and a cosmetic interior and exterior renovation was completed in just a few weeks. Highlights of the completed home include refinished hardwood floors, updated kitchen and bathrooms, new exterior paint, a glassed-in sun room / recreation room, and a single car, detached garage. After an overall holding period of just over five months, the home was sold in October 2000 for $140,000.

Photographs: Before and After Renovation