In April, 2001, KF Real Estate Holdings purchased this 600 square foot, wood frame and stucco, single family home. Built in 1909, this two bedroom, one bath home in the City Heights neighborhood of San Diego, California was vacant and required substantial 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 $149,400.

4927 Polk Avenue: San Diego, California 92105

This home is located at the corner of 49th Street and Polk Avenue in the northern portion of 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 April, 2001, 4927 Polk Avenue was a 600 square foot, wood frame and stucco, single family home built in 1909 and located on an over-sized, corner lot. This 2 bedroom, 1 bathroom property was vacant and required substantial 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 finished property include new carpeting throughout, updated kitchen and bathrooms, new exterior paint, laundry room with connections for full size washer and dryer, and a fully fenced yard.

After an overall holding period of just over four months, the home was sold in August 2001 for $149,400.