$4,250,000

Estimated payment $27,994/month

Total Views 3,739
6 Beds
3 Baths
2,445 Sq Ft
$1,738 Price per Sq Ft

Highlights

  • Double Pane Windows
  • Park
  • Central Heating and Cooling System
  • Newport Heights Elementary Rated A
  • Laundry Room
  • Bike Trail

About This Home

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. 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!

Listing Agent

Tim Carr

Pacific Sotheby's Int'l Realty Brokerage Phone: 949-631-9999 License #01017277 Listed on: 04/29/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 7,266 Sq Ft Lot
  • No Common Walls
  • Vinyl Fence
  • Sprinkler System

Parking

  • 3 Car Garage

Home Design

  • Triplex
  • Patio Home
  • Turnkey
  • Composition Roof

Interior Spaces

  • 2,445 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows
  • Vinyl Flooring
  • Laundry Room

Kitchen

  • Built-In Range
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Additional Features

  • Exterior Lighting
  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 18
  • Tax Tract Number 1220
  • Assessor Parcel Number 42524117

Community Details

Overview

  • 3 Units
  • Newport Heights Subdivision

Recreation

  • Park
  • Bike Trail

Building Details

  • 4 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Gardener Expense $2,100
  • Insurance Expense $3,500
  • Maintenance Expense $2,250
  • Water Sewer Expense $1,200
  • New Taxes Expense $44,625
  • Operating Expense $54,875

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Parking

3

Listing Details

  • Price Per Unit: 1416667
  • Property Attached: No
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • Subdivision Name Other: Newport Heights (NEWH)
  • View: No
  • Water Sewer Expenses: 1200.00
  • Property Condition: Turnkey
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 2100.00
  • Parcel Number: 42524117
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Flooring: Vinyl
  • Appliances: Yes
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 1738.24
  • Window Features: Double Pane Windows

Exterior Features

  • Fence: Yes
  • Fencing: Vinyl
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Garage Spaces: 3.00
  • Total Parking Spaces: 3.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Gas Cooktop, Refrigerator
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Park, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Patio Home, Sprinkler System
  • Lot Size Sq Ft: 7266.00
  • Lot Size Acres: 0.1668

Multi Family

  • Electric Expense: 1200.00
  • Insurance Expense: 3500.00
  • Lot Size Area: 7266.0000 Square Feet
  • Maintenance Expense: 2250.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Rent Control: No
  • Total Expenses: 54875.00

Tax Info

  • New Taxes Expense: 44625.00
  • Tax Census Tract: 634.00
  • Tax Lot: 18
  • Tax Tract Number: 1220

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2025 04/29/25 For Sale $4,250,000 0.0% $1,738 / Sq Ft
04/28/2025 04/28/25 Rented $4,500 0.0% --
04/28/2025 04/28/25 Under Contract -- -- --
04/28/2025 04/28/25 For Rent $4,500 0.0% --
03/07/2022 03/07/22 Sold $2,425,000 +8.2% $1,010 / Sq Ft
01/30/2022 01/30/22 For Sale $2,242,200 0.0% $934 / Sq Ft
08/23/2021 08/23/21 Pending -- -- --
08/16/2021 08/16/21 For Sale $2,242,200 -- $934 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP25088084

California Regional Multiple Listing Service (CRMLS)