$2,425,000
SOLD MAR 7, 2022
6 Beds
3 Baths
2,400 Sq Ft
7,266 Sq Ft Lot

Recently Sold

$1,010 Per Sq Ft

8% Above List Price

6 Days on Market

Highlights

  • No Units Above
  • Property is near a park
  • No HOA
  • Newport Heights Elementary Rated A
  • Lawn
  • Cooling System Mounted To A Wall/Window

About This Home

As of March 2022

Triplex located on beautiful tree lined Clay Street in prestigious "Newport Heights". This investment property consists of 3 two bedroom/ 1bath units. One unit has been upgraded. Each unit comes with a 1 car garage, community laundry room and shared outdoor space. This property is in a prime neighborhood of Newport Beach just minutes away from the beach, shopping and restaurant options off 17th street and PCH. This is a very rare opportunity to invest in one of the best spots!

Last Agent to Sell the Property

Brittney Johnson

Coldwell Banker Realty License #01952678 Listed on: 08/16/2021

Coldwell Banker Realty

Co-Listed By

Conrad Peterson

Coldwell Banker Realty License #00920657

Last Buyer's Agent

Kelly Gwin

Realty One Group West License #01184176

Realty One Group West

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 7,266 Sq Ft Lot
  • No Units Above
  • No Units Located Below
  • Two or More Common Walls
  • Landscaped
  • Rectangular Lot
  • Lawn
  • Front Yard

Parking

  • 3 Car Garage
  • Parking Available
  • Off-Street Parking

Home Design

  • Triplex
  • Bungalow
  • Stucco

Interior Spaces

  • 2,400 Sq Ft Home
  • 1-Story Property
  • Family Room with Fireplace
  • Carpet
  • Laundry Room

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected
  • Water Heater
  • Cable TV Available

Additional Features

  • No Interior Steps
  • Property is near a park

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Tax Lot 18
  • Tax Tract Number 1220
  • Assessor Parcel Number 42524117
  • $738 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Newport Heights Subdivision

Amenities

  • Laundry Facilities

Building Details

  • 3 Leased Units
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Fuel Expense $55
  • Gardener Expense $480
  • Insurance Expense $1,285
  • Maintenance Expense $3,793
  • Water Sewer Expense $1,046
  • Operating Expense $6,837
  • Gross Income $15,903
  • Net Operating Income $9,066

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Parking

3

Listing Details

  • Assessments: No
  • Price Per Unit: 747400
  • Property Attached: Yes
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Newport Heights (NEWH)
  • View: No
  • Water Sewer Expenses: 1046.20
  • Architectural Style: Bungalow
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 480.00
  • Parcel Number: 42524117
  • Year Built: 1955
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Stories: 1
  • Common Walls: 2+ Common Walls, No One Above, No One Below
  • Flooring: Carpet
  • Accessibility Features: No Interior Steps
  • Appliances: Yes
  • Fireplace Features: Family Room
  • Levels: One
  • Price Per Square Foot: 1010.42
  • Room Type: All Bedrooms Down, Kitchen, Main Floor Bedroom

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 3.00
  • Parking: Yes
  • Parking Features: Concrete, Paved, Garage, Off Street, On Site
  • Total Parking Spaces: 3.00

Utilities

  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Water Heater
  • Heating Type: Wall Furnace
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Lawn, Rectangular Lot, Park Nearby
  • Lot Size Sq Ft: 7266.00
  • Lot Size Acres: 0.1668

Rental Info

  • Tenant Pays: Electricity, Gas

Multi Family

  • Fuel Expense: 55.01
  • Gross Income: 15903.00
  • Gross Scheduled Income: 15903.00
  • Insurance Expense: 1285.00
  • Laundry Equipment Own Lease: Own
  • Lot Size Area: 7266.0000 Square Feet
  • Maintenance Expense: 3793.00
  • Net Operating Income: 9065.79
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Leased: 3
  • Number Of Units Total: 3
  • Number Wall A C: 1
  • Operating Expense: 6837.21
  • Rent Control: No
  • Total Actual Rent: 3484.00
  • Total Expenses: 6837.21

Tax Info

  • Tax Census Tract: 634.00
  • Tax Lot: 18
  • Tax Tract Number: 1220
  • TaxOtherAnnualAssessmentAmount: 738.00

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)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21176225

California Regional Multiple Listing Service (CRMLS)