In November 2014 KF Real Estate Holdings acquired this four bedroom, 2 bathroom ranch-style home with in-ground pool and hot tub, through a joint venture with a local San Diego general contractor. The home was well located in the Fletcher Hills neighborhood of El Cajon, California and in good structural condition, but in need of substantial interior updating and improvements. A complete renovation of the property was completed in June 2015 and the finished home was sold in August 2015 for $542,000.

In August, 2007 KF Real Estate Holdings acquired this four bedroom / two bath, craftsman-style, single-family home through a “short-sale” transaction.  The property was well located in the Washington Park West neighborhood of Denver, Colorado, but in need of significant improvements and updating.  A full renovation, combining modern and “old world” styles, was completed in February, 2008  and the finished home was leased and added to our rental portfolio.  After nearly 7 years in the rental portfolio, the property was sold in October 2015 for $610,000.

KF Real Estate Holdings purchased this frame, four-story, three-unit, multifamily building in July 2004. Having been built in 1920 and renovated in the 1980’s, the property was in generally good condition but in need of interior cosmetic updating. Situated on a quiet, tree-lined street, the building had an excellent location on the northern edge of the trendy Bucktown neighborhood on the near northwest side of Chicago, Illinois. The building was operated as a rental property until the existing individual unit leases expired and each unit could receive an extensive interior renovation. Upon completion of the renovation, the building was converted into condominiums and the three units were sold to individual buyers in mid-2005 for a total of $1,127,000.

In October, 2003 KF Real Estate Holdings acquired this brick, two-story, attached, row home with 2 bedrooms and 2.5 bathrooms built in 1889. Given its age, the property was in need of a total interior and exterior renovation however it was very well located in the heart of the hip Bucktown neighborhood on the near northwest side of Chicago, Illinois. A comprehensive “gut rehab” of the property was completed in mid-2004, which included construction of a two-story plus basement rear addition and expansion of the home to 4 bedrooms and 3.5 bathrooms. After an eight month overall holding period, the finished property was sold in August 2004 for $673,500.

In late 2002 and early 2003, KF Real Estate Holdings acquired three, one bedroom, one bathroom condominium units in separate complexes within our target San Diego markets of City Heights, North Park, and Normal Heights. Due to their small size, we have chosen to view these units collectively as a portfolio. The units ranged in size from 585 to 700 square feet and were located in complexes built in the late 1960’s and early 1970’s. Renovations focused on interior cosmetic updates such as new paint and carpeting and remodeled kitchens and bathrooms and the units were sold upon completion for prices ranging from $126,000 to $193,000.

KF Real Estate Holdings purchased this wood frame, two-story, property in June 2002.  Built in 1887, the building was in poor physical condition and suffered from an awkward and inefficient configuration as a two-unit apartment, but it was in an “up-and-coming” area in close proximity to the hip Bucktown neighborhood on the near northwest side of Chicago, Illinois.  Due to its condition and configuration we were able to acquire the building for a discounted price and its location just outside the boundaries of the popular Bucktown neighborhood allowed for the property to be converted into a modern, urban single family home at a more competitive price point than similar newly constructed or renovated homes in Bucktown proper.  An extensive “gut-rehab” of the property was completed in mid-2003 which transformed the property into a contemporary, four bedroom, three bathroom, single family home.   After a fourteen month overall holding period, the finished property was sold in August 2003 for $451,500.

In February, 2002 KF Real Estate Holdings purchased this brick, two-story, two-unit, multi-family building located in the Ukrainian Village neighborhood on the west side of Chicago, Illinois . Originally built in the 1920’s, the property was in disrepair and in need of substantial renovation and modernization, but was located in an increasingly gentrifying area in close proximity to downtown. Over a six month period, the building was thoroughly renovated and updated into two modern apartments – an 820 square foot, two bedroom unit and a 1,000 square foot three bedroom unit. Upon completion of renovation both units were leased and, after a thirteen month overall holding period, the building was sold in March 2003 for $362,175.

KF Real Estate Holdings purchased this 1,060 square foot, wood frame and stucco, single family home in March, 2002. Built in 1952, this 3 bedroom, 1.5 bath home in the City Heights neighborhood of San Diego, California was acquired in generally good condition and required only minimal interior upgrades. The property was able to be acquired at a slight discount and, upon completion of a cosmetic renovation, was resold in May, 2002 for $228,000.

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.