NOT LISTED FOR SALE
Studio
-- Baths
5,728 Sq Ft
8,256 Sq Ft Lot

Sale Details

Date Sold: October 20, 2022

Last sale price $2,587,500 $452 Per Sq Ft

42 Days on Market

Highlights

  • No HOA
  • Ceiling Fan
  • Multiple Heating Units

About This Home

As of October 2022

Drive by only. Do not disturb tenants. 1636 Clayton Road presents an excellent opportunity for an investor to purchase a turnkey eight-unit apartment building with immediate day one cash flow. Built in 1961, the 5,728 square foot building sits on a 8,256 square foot lot with uncovered off-street parking spaces. The property consists of one well maintained 1 bedroom/ 1 bathroom unit and seven (7) 2 bedroom/ 1 bathroom units which are all individually metered for gas and electric. Six of the eight units are occupied by long term Section 8 tenants; providing consistent, recession/pandemic proof income. One unit is currently vacant and ready to rent. Additional income from laundry facilities and low operating expenses. Current ownership has completed significant capital improvements over the last few years including roof replacement, new water heater, and new laundry equipment.

Last Agent to Sell the Property

Eric Keena

Bhhs Drysdale Properties License #02077388 Listed on: 08/25/2022

Bhhs Drysdale Properties

Last Buyer's Agent

Eric Keena

Bhhs Drysdale Properties License #02077388 Listed on: 08/25/2022

Bhhs Drysdale Properties
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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 8,256

Parking

  • Parking Lot

Laundry

  • Dryer
  • Washer

Utilities

  • Cooling System Mounted To A Wall/Window
  • Multiple Heating Units

Additional Features

  • Ceiling Fan
  • 8,256 Sq Ft Lot

Community Details

  • No Home Owners Association
  • 5,728 Sq Ft Building
  • Bay East Association

Listing and Financial Details

  • Assessor Parcel Number 128010038

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

8,256 Sq Ft Lot

Listing Details

  • Year Built: 1961
  • Property Sub Type: 5 or More Units
  • Prop. Type: COMM RI MULTI-UNITS 5+
  • Lot Size Acres: 0.19
  • Directions: CA-242N Exit 1
  • Carport Y N: No
  • Garage Yn: No
  • Special Features: None

Interior Features

  • Flooring: None
  • Basement: None
  • Appliances: Dryer, Washer
  • Other Equipment: See Remarks

Exterior Features

  • Lot Features: Regular
  • Construction Type: None

Garage/Parking

  • Attached Garage: No
  • Parking Features: Parking Lot, Space Per Unit - 1

Utilities

  • Heating: MultiUnits
  • Utilities: No Water/Sewer, Individual Electric Meter
  • Cooling: Ceiling Fan(s), Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Sewer: None
  • Water Source: None

Condo/Co-op/Association

  • Association Name: BAY EAST
  • Association: No

Lot Info

  • Lot Size Sq Ft: 8256
  • Parcel Number: 128010038
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Tract: 0.00

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2022
Closed on
Oct 14, 2022
Sold by
1636 Apt Llc
Bought by
Seller's Agent
Eric Keena
Bhhs Drysdale Properties
Buyer's Agent
Eric Keena
Bhhs Drysdale Properties
List Price
$2,700,000
Sold Price
$2,587,500
Premium/Discount to List
-$112,500
-4.17%
Views
9

Purchase Details

Closed on
Jun 7, 2021
Sold by
Balili Mely
Bought by
Chalak Vahab and Balili Mely

Purchase Details

Closed on
Apr 7, 2021
Sold by
Chalak Vahab and Balili Mely
Bought by
1636 Apt Llc

Purchase Details

Closed on
Dec 3, 2018
Sold by
Chalak Vahab
Bought by
Balili Mely

Purchase Details

Closed on
Oct 9, 2014
Sold by
Balili Mely C
Bought by
Chalak Vahab

Purchase Details

Closed on
Mar 16, 2010
Sold by
Babili Mely C
Bought by
Chalak Vahab and Balili Mely C

Purchase Details

Closed on
Jan 19, 2010
Sold by
Chalak Ashley
Bought by
Balili Mely C

Purchase Details

Closed on
Jul 8, 2009
Sold by
City Home Apartment Llc
Bought by
Chalak Vahab

Purchase Details

Closed on
Dec 30, 2008
Sold by
Chalak Vahab
Bought by
City Home Apartment Llc

Purchase Details

Closed on
Sep 11, 2006
Sold by
Chin Arthur W and Chin Loly W
Bought by
Chalak Vahab

Purchase Details

Closed on
Jun 24, 2004
Sold by
Chapman Jim and Chapman Nancy
Bought by
Chin Arthur W and Chin Loly W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$623,500
Interest Rate
5.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 23, 2004
Sold by
Gateway Manor Llc
Bought by
Chapman Jim and Chapman Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$623,500
Interest Rate
5.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 18, 2002
Sold by
Chapman James A and Chapman Nancy A
Bought by
Gateway Manor Ltd Liability Company

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,312,500
Interest Rate
6.24%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 25, 2001
Sold by
Harris Doris M
Bought by
Chapman James A and Chapman Nancy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
6.89%
Mortgage Type
Commercial
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$2,587,500 Old Republic Title
Chalak Vahab -- None Available
1636 Apt Llc -- None Available
Balili Mely -- None Available
Chalak Vahab -- None Available
Chalak Vahab -- None Available
Balili Mely C -- None Available
Chalak Vahab -- None Available
Chalak Ashley -- None Available
City Home Apartment Llc -- None Available
Chalak Vahab $1,215,000 Fidelity National Title Co
Chin Arthur W -- First American Title
Chapman Jim -- First American Title
Gateway Manor Ltd Liability Company -- First American Title
Chapman James A $850,000 First American Title Guarant
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $623,500
Previous Owner Gateway Manor Ltd Liability Company $1,312,500
Previous Owner Chapman James A $600,000
Previous Owner Harris George C $267,550
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/04/2025 02/04/25 Off Market $2,587,500 -- --
10/20/2022 10/20/22 Sold $2,587,500 -4.2% $452 / Sq Ft
10/06/2022 10/06/22 Pending -- -- --
08/25/2022 08/25/22 For Sale $2,700,000 -- $471 / Sq Ft
Source: Bay East Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $37,249 $2,745,875 $848,966 $1,896,909
2025 $37,249 $2,692,035 $832,320 $1,859,715
2024 $35,395 $2,639,250 $816,000 $1,823,250
2023 $35,395 $2,587,500 $800,000 $1,787,500
2022 $14,325 $705,484 $218,939 $486,545
2021 $13,789 $691,652 $214,647 $477,005
2019 $13,376 $671,139 $208,282 $462,857
2018 $12,716 $657,981 $204,199 $453,782
2017 $12,130 $645,081 $200,196 $444,885
2016 $11,605 $632,433 $196,271 $436,162
2015 $11,176 $622,934 $193,323 $429,611
2014 $11,613 $610,733 $189,537 $421,196
Source: Public Records

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Map

Source: Bay East Association of REALTORS®

MLS Number: 41006517

Bay East Association of REALTORS®
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