1805 Clay Street, Newport Beach, California 92663, Newport Beach, 92663 - bed, bath
1805 Clay Street
Newport Beach, California 92663
Property Price
SUMMARY
Analysis of 1805 Clay Street, Newport Beach, California 92663 is currently available with a list price of $4,075,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Newport Beach Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Renovations
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.
- Prime Newport Heights Location
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.
- Optimized Investment Structure
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.
CONSRISKS & DEFICIENCIES
- High Price Per Unit
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.
- Lack of Coastal Views
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.
About 1805 Clay Street
PRICE REDUCED $175K!! 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. All (3) 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!
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1955
- Lot Size
- 7,266 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Newport Beach Unified Schools
Newport Heights Elementary School
Grades K-6 • 0.9 mi
Horace Ensign Intermediate School
Grades 7-8 • 0.2 mi
Newport Harbor High School
Grades 9-12 • 0.2 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | 2.0 | 50% |
| Baths | - | 1.5 | 50% |
| Square foot | 2,445 | 2,453 | 50% |
| Lot Size | 7,266 | 2,868.5 | 89% |
| Price | $4.08M | $3.84M | 50% |
| Price per sq ft | $1.7K | $1.7K | 50% |
| Built year | 1955 | 1963 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 312 | 143 | 89% |
Pricing History
Listed for Sale
Oct 28, 2025
$4,075,000
$4,250,000
-4% Price Drop
Initial Listing
Price Change
Apr 29, 2025
$4,250,000
Initial Listing