1805 Clay Street, Newport Beach, California 92663, Newport Beach, 92663 - 0 bed, 0 bath
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Newport Beach, California 92663
This High-Potential Investment Opportunity is a turnkey triplex listed at $4,075,000, positioned above the $3,822,520 Fair Market Value. While priced at a premium, the asset features an Excellent Condition Rating following extensive renovations, including modern white shaker cabinets, quartz countertops, and in-unit laundry. Located in the prestigious Newport Heights neighborhood near top-rated schools like Newport Harbor High, this property offers stable rental demand and zero deferred maintenance. It is an ideal acquisition for Buy-and-Hold Investors or 1031 Exchange Buyers seeking a low-overhead, income-generating asset in a prime coastal market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1805 Clay Street Subject | $3,595,000* List Price | 0 | 0 | 2,445 | $1,470 | - |
A 406 Clubhouse Active | $3,250,000 List Price | 0 | 0 | 2,300 | $1,413 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone extensive recent renovations across all three units, featuring modern white shaker cabinets, quartz countertops, stainless steel appliances, and vinyl flooring. High-end system upgrades including central AC, tankless water heaters, and dual-pane windows ensure it meets current quality standards with no deferred maintenance.
The property features three fully remodeled units with high-end finishes, central AC, and in-unit laundry, eliminating the need for immediate capital improvements or deferred maintenance.
Situated in a prestigious neighborhood with proximity to top-rated schools, 17th Street amenities, and beaches, ensuring consistently high tenant demand and long-term appreciation.
All units are currently leased at market rents and are separately metered for gas and electricity, providing a streamlined, low-overhead management experience for the owner.
With an acquisition cost exceeding $1.35 million per unit, the entry price is significant, which may result in a lower cap rate compared to other multifamily markets.
Despite the premium Newport Beach location and price point, the property lacks the ocean or city light views often expected by high-end investors in this coastal zip code.
PRICE REDUCED!! We are pleased to present the sale of 1805 Clay Street, a turnkey 3-unit multifamily property situated in the prestigious Newport Heights neighborhood, located in Newport Beach. The property consists of (3) recently renovated 2 bedroom / 1 bathroom units. Two (2) units are currently leased at market rent. Each unit has been highly remodeled boasting a bright modern living space with white shaker cabinets, quartz countertops, vinyl flooring, stainless steel appliances, spa like bathrooms, and large private patios. Each unit has central AC, in-unit laundry, dual pane windows, tankless water heaters, recessed lighting, Ring doorbells, private single car epoxy coated garage space and are conveniently separately metered for gas and electricity. This asset is located in one of the most desirable rental markets in Orange County and offers tenants close proximity to parks, top rated schools, beaches, and all the amenities 17th street has to offer!
No exterior & parking available.
Grades K-6 • 0.9 mi
Grades 7-8 • 0.2 mi
Grades 9-12 • 0.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 5.0 |
| Baths | 0.0 | 4.0 |
| Square foot | 2,445 | 2,174.5 |
| Lot Size | 7,266 | 2,614 |
| Price | $3.60M | $3.35M |
| Price per sq ft | $1.5K | $1.7K |
| Built year | 1955 | 1964 |
| HOA | $0 | $0 |
| Days on market | 449 | 125 |
May 27, 2026
$3,595,000
$4,075,000
-12% Price Drop
Initial Listing
Oct 28, 2025
$4,075,000
$4,250,000
-4% Price Drop
Initial Listing
Apr 29, 2025
$4,250,000
Initial Listing