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3209 Clay, Newport Beach, California 92663, Newport Beach, 92663 - 6 bed, 3 bath

3209 Clay, Newport Beach, California 92663 home-pic-0
ACTIVE$2,995,000$2,624/sqft
3209 Clay, Newport Beach, California 92663
6Beds
3Baths
2,624Sqft
5,227Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Exceptional Coastal Location: Ideally situated in the highly desirable Newport Heights, minutes from pristine beaches, Lido Marina Village, and the vibrant amenities of Newport Beach, offering unparalleled lifestyle and rental appeal.
Top Cons:
MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2624, other record living area = 856. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 2.

Compared to the nearby listings

Price:$3.00M vs avg $3.20M ($-205,000)30%
Size:2,624 sqft vs avg 2,467 sqft61%
Price/sqft:$1.1K vs avg $1.5K22%

More Insights

Built in 1922 (104 years old).
Condition: This triplex, built in 1922, presents a mixed bag of conditions. The 'Upper Unit' has a nicely remodeled kitchen with white cabinets, granite countertops, and stainless steel appliances, along with an updated bathroom, placing it in 'Good' condition. The 'Front Home' has updated carpet and window treatments, but its kitchen features basic light wood cabinets and white appliances, and the bathroom appears quite dated, suggesting a 'Fair' condition. The 'Studio Kicker Unit' shows very dated dark wood cabinets, white appliances, and popcorn ceilings, indicating a 'Poor' condition. Given the property's overall age (102 years) and the varying conditions across the three units, with some requiring significant updates, the property as a whole falls into the 'Fair' category. While some units are move-in ready, the underlying structure's age and the need for substantial updates in at least one unit, along with potential for major system upgrades (as noted in the weaknesses), prevent it from achieving a 'Good' rating for the entire property.
Year Built
1922
Close
-
List price
$3M
Original List price
$3M
Price/Sqft
$1,141
HOA
-
Days on market
-
Sold On
-
MLS number
NP26012761
Home ConditionFair
Features
View-

About this home

Ideally located in the heart of Newport Beach, this charming Newport Heights triplex offers a rare blend of character, flexibility, and coastal proximity—just minutes from the beach, Lido Marina Village, and the best of the Peninsula. The property is comprised of three well-designed residences, each with its own distinct appeal: Front Home – 2 Bedrooms / 1 Bathroom (Detached): An absolutely charming standalone residence featuring a spacious private yard—perfect for outdoor dining, entertaining, or enjoying the coastal climate. Inside, the home offers a light and inviting atmosphere with updated carpet, window treatments, and comfortable living spaces that feel warm and welcoming. A shared garage adds convenience, making this unit especially attractive to long-term tenants or an owner-occupant. Upper Unit – 3 Bedrooms / 2 Bathrooms (Remodeled): The largest of the three units, this nicely remodeled residence offers generous living space, an updated kitchen and baths, and a functional floor plan ideal for today’s lifestyle. The unit includes its own private laundry, a significant upgrade that adds both comfort and value. Light-filled interiors and thoughtful updates make this a highly desirable rental in a prime beach-close location. Studio “Kicker” Unit: A versatile studio apartment that enhances the income profile of the property—ideal as a rental, guest space, or additional flexibility for future use. With its excellent unit mix, strong rental appeal, and prime Newport Heights location, very close to beaches, shopping, dining, and freeway access, 3209 Clay Street represents a compelling opportunity for investors and owner-users alike. A rare coastal triplex offering charm, income, and upside in one of Newport Beach’s most sought-after neighborhoods.

J
Jon Flagg
Listing Agent

Nearby schools

8/10
Newport Heights Elementary School
Public,•K-6•1.4mi
7/10
Horace Ensign Intermediate School
Public,•7-8•0.8mi
7/10
Newport Harbor High School
Public,•9-12•0.7mi
Condition Rating
Fair
This triplex, built in 1922, presents a mixed bag of conditions. The 'Upper Unit' has a nicely remodeled kitchen with white cabinets, granite countertops, and stainless steel appliances, along with an updated bathroom, placing it in 'Good' condition. The 'Front Home' has updated carpet and window treatments, but its kitchen features basic light wood cabinets and white appliances, and the bathroom appears quite dated, suggesting a 'Fair' condition. The 'Studio Kicker Unit' shows very dated dark wood cabinets, white appliances, and popcorn ceilings, indicating a 'Poor' condition. Given the property's overall age (102 years) and the varying conditions across the three units, with some requiring significant updates, the property as a whole falls into the 'Fair' category. While some units are move-in ready, the underlying structure's age and the need for substantial updates in at least one unit, along with potential for major system upgrades (as noted in the weaknesses), prevent it from achieving a 'Good' rating for the entire property.
Pros & Cons

Pros

Exceptional Coastal Location: Ideally situated in the highly desirable Newport Heights, minutes from pristine beaches, Lido Marina Village, and the vibrant amenities of Newport Beach, offering unparalleled lifestyle and rental appeal.
Income-Generating Triplex: A rare and versatile triplex configuration comprising three distinct residences, providing significant income potential and a strong rental profile in a sought-after coastal market.
Flexible Unit Mix & Use: Features a detached 2-bed/1-bath home with a private yard, a nicely remodeled 3-bed/2-bath upper unit with private laundry, and a flexible studio, catering to investors, owner-occupants, or multi-generational living.
Recent Unit Updates: The largest upper unit boasts a nicely remodeled kitchen and baths, and the front home includes updated carpet and window treatments, enhancing tenant appeal and reducing immediate capital expenditure.
Strong Rental Appeal & Amenities: Individual units offer attractive features such as a spacious private yard for the front home and private laundry for the upper unit, contributing to high tenant demand and retention.

Cons

MLS Listing Discrepancy: Living area discrepancy between mls listing and other public or private record. mls listing living area = 2624, other record living area = 856. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 2.
Historic Property Age: Built in 1922, the property's age suggests potential for significant future maintenance, system upgrades (e.g., plumbing, electrical), and capital expenditures beyond the noted cosmetic improvements in some units.
Absence of Scenic Views: Despite its prime coastal location, the property explicitly states 'view: None,' which may detract from its appeal for buyers or tenants expecting ocean or city vistas in the Newport Beach area.
Limited Dedicated Parking: While a shared garage is mentioned for the front unit, the description does not detail dedicated or ample parking solutions for all three units, which could be a challenge in a dense coastal neighborhood.
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