NOT LISTED FOR SALE

3731 Polk St Riverside, CA 92505

La Sierra Neighborhood

Estimated Value: $605,000 - $972,000

4 Beds
2 Baths
1,799 Sq Ft
$417/Sq Ft Est. Value

Last Sold December 21, 2018

Last sale price $320,000 $178 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $4,224/month

15 Days on Market

Highlights

  • No Units Above
  • Laundry Room
  • 1-Story Property
  • 0.37 Acre Lot
  • Central Heating

About This Home

As of December 2018

Calling all Investors

Great Bread and Butter units, centrally located in Riverside near Kaiser Medical and Tyler Galleria.

Sister site also available at 3719 Polk. Sold individually or as a package.

Last Agent to Sell the Property

Kim Suman

Corcoran Group of California Inc. License #01437996 Listed on: 10/22/2018

Corcoran Group of California Inc.

Last Buyer's Agent

Adam Stone

Clean Slate CA Inc. License #01996476

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1934

Lot Details

  • 0.37 Acre Lot
  • No Units Above
  • Two or More Common Walls
  • Density is up to 1 Unit/Acre

Home Design

  • Property Attached

Interior Spaces

  • 1,799 Sq Ft Home
  • 1-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 2 Parking Spaces
  • 2 Carport Spaces

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating
  • Septic Type Unknown

Listing and Financial Details

  • Tenant pays for electricity, gas, telephone
  • Tax Lot 31
  • Assessor Parcel Number 138052021

Community Details

Overview

  • 2 Buildings
  • 2 Units

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $6,657
  • Gross Income $19,020
  • Net Operating Income $12,363

Property Details

Home Type

Multi-Family

Year Built

Built in 1934

Lot Details

0.37 Acres

Listing Details

  • Assessments: Yes
  • Property Attached: Yes
  • Subdivision Name Other: Arlington Gardens
  • Zoning: R1065
  • Property Type: Residential Income
  • Parcel Number: 138052021
  • Year Built: 1934
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Above
  • Levels: One
  • Price Per Square Foot: 177.88

Exterior Features

  • Pool Private: No

Garage/Parking

  • Carport Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Sewer: Unknown
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 16117.00
  • Lot Size Acres: 0.3700

Rental Info

  • Tenant Pays: Electricity, Gas, Telephone

Multi Family

  • Gross Income: 19020.00
  • Gross Scheduled Income: 19020.00
  • Lot Size Area: 16117.0000 Square Feet
  • Net Operating Income: 12363.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Operating Expense: 6657.00
  • Operating Expense Percent: 35.00
  • Rent Control: No
  • Total Actual Rent: 19020.00
  • Total Expenses: 6657.00

Tax Info

  • Tax Census Tract: 414.08
  • Tax Lot: 31

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2018
Closed on
Feb 12, 2019
Sold by
Chu Michael
Bought by
Chu Michael and Ju Jing
Seller's Agent
Kim Suman
Corcoran Group of California Inc.
Buyer's Agent
Adam Stone
Clean Slate CA Inc.
List Price
$293,500
Sold Price
$320,000
Premium/Discount to List
$26,500
9.03%
Current Estimated Value
$750,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$430,333
Avg. Annual Appreciation
12.55%
Original Mortgage
$295,000
Outstanding Balance
$259,358
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$490,975

Purchase Details

Listed on
Oct 22, 2018
Closed on
Dec 10, 2018
Sold by
Ju Jing
Bought by
Chu Michael
Seller's Agent
Kim Suman
Corcoran Group of California Inc.
Buyer's Agent
Adam Stone
Clean Slate CA Inc.
List Price
$293,500
Sold Price
$320,000
Premium/Discount to List
$26,500
9.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Outstanding Balance
$450,218
Interest Rate
4.9%
Mortgage Type
Construction
Estimated Equity
$300,115

Purchase Details

Listed on
Oct 22, 2018
Closed on
Dec 5, 2018
Sold by
Sbr Empire Llc
Bought by
Chu Michael
Seller's Agent
Kim Suman
Corcoran Group of California Inc.
Buyer's Agent
Adam Stone
Clean Slate CA Inc.
List Price
$293,500
Sold Price
$320,000
Premium/Discount to List
$26,500
9.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Outstanding Balance
$450,218
Interest Rate
4.9%
Mortgage Type
Construction
Estimated Equity
$300,115

Purchase Details

Listed on
Oct 22, 2018
Closed on
Nov 30, 2018
Sold by
Goll Craig
Bought by
Sbr Empire Llc
Seller's Agent
Kim Suman
Corcoran Group of California Inc.
Buyer's Agent
Adam Stone
Clean Slate CA Inc.
List Price
$293,500
Sold Price
$320,000
Premium/Discount to List
$26,500
9.03%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Outstanding Balance
$450,218
Interest Rate
4.9%
Mortgage Type
Construction
Estimated Equity
$300,115

Purchase Details

Closed on
Apr 29, 2009
Sold by
Holland Hazel
Bought by
Goll Craig and Chester And Norma Jean Goll 1992 Trust

Purchase Details

Closed on
Dec 6, 2004
Sold by
Goll Norma Jean
Bought by
Holland Hazel
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Chu Michael -- Provident Title Company
Chu Michael -- Lawyers Title Insurance Co
Chu Michael $740,000 Lawyers Title Insurance Co
Sbr Empire Llc $720,000 First American Title Company
Goll Craig -- None Available
Holland Hazel -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chu Michael $295,000
Open Chu Michael $510,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/21/2018 12/21/18 Sold $320,000 +3.2% $178 / Sq Ft
11/06/2018 11/06/18 Pending -- -- --
10/29/2018 10/29/18 Price Changed $310,000 +5.6% $172 / Sq Ft
10/22/2018 10/22/18 For Sale $293,500 -- $163 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,440 $368,117 $111,550 $256,567
2023 $4,440 $353,824 $107,219 $246,605
2022 $4,109 $346,887 $105,117 $241,770
2021 $4,045 $340,086 $103,056 $237,030
2020 $3,980 $336,600 $102,000 $234,600
2019 $3,929 $330,000 $100,000 $230,000
2018 $587 $43,685 $11,868 $31,817
2017 $577 $42,830 $11,636 $31,194
2016 $569 $41,991 $11,408 $30,583
2015 $560 $41,363 $11,238 $30,125
2014 $557 $40,555 $11,019 $29,536
Source: Public Records

Agents Affiliated with this Home

  • Kim Suman

    Seller's Agent in 2018

    Kim Suman

    Corcoran Group of California Inc.

    (909) 714-7916

    6 Total Sales

    Kim Suman
    Section Image

  • A

    Buyer's Agent in 2018

    Adam Stone

    Clean Slate CA Inc.

    (949) 573-7173

    13 Total Sales

    Adam Stone
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: EV18256265

California Regional Multiple Listing Service (CRMLS)

APN: 138-052-021

California Riverside County Riverside 92505 La Sierra

3731 Polk St, Riverside, CA

Not Listed for Sale

MultiFamily

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California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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