KF Real Estate Holdings purchased this 560 square foot, wood frame, Craftsman-style, single family home in March, 2001. Built in 1925, this two bedroom, one bath home in the Normal Heights neighborhood of San Diego, California was vacant and in need of clean-up and updating when it was acquired. The property was able to be purchased at a discount and, upon completion of a cosmetic interior and exterior renovation, was resold in August, 2001 for $186,000.

3725 Swift Avenue: San Diego, California 92104

This home is located near Swift Avenue and the I-805 Freeway in the North Park neighborhood of San Diego, California. North Park is an established central San Diego neighborhood just north of Balboa Park and in close proximity to downtown. The neighborhood has experienced a resurgence since the mid-1990’s and the intersection of University Avenue and 30th Street forms the hub of a bustling downtown dining, entertainment, and emerging arts and cultural area. Residential properties in the area range from single family homes to small to medium sized apartments and display a rich and varied architectural history across several styles (Craftsman, California bungalow, Spanish, Mission, Prairie, and Mediterranean) and eras. With its proximity to downtown, Balboa Park, San Diego State University, the University of San Diego, and the shopping and employment opportunities of Mission Valley, North Park appeals to a diverse group of students, working singles, young couples and families.

Purchased in November, 2001 3725 Swift Avenue was a 1,000 square foot, wood frame, single family home built in 1929 on a hillside lot. This older, 3 bedroom, 1 bathroom property was vacant and in need of significant repairs, clean-up, and updating . The home was able to be acquired at a substantial discount and a interior and exterior renovation was completed in approximately five weeks. Highlights of the finished property include a large front deck, restored original built-in features, skylight, updated kitchen and bathroom, new exterior paint, and laundry room with connections for full size washer and dryer.

After a five month overall holding period, the home was sold in April, 2002 for $200,000.

Photographs: Before and After Renovation