$3,595,000
-$480,0001805 Clay Street, Newport Beach CA 92663
Multi-Family (Triplex)
Property type
402 days
On market
$1,470
Price per sqft
3 cars
Garage
1955
Year built
7,266 sqft
Lot size
Home highlights
Open Houses
Overview
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...
Listing provided by: Timothy Carr DRE #01017277 949-631-9999, Pacific Sotheby's Int'l Realty
Listing updated: May 29, 2026 at 09:15pm.
Last checked: Jun 2, 2026 at 01:30pm
Source: CRMLS #NP25088084
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | 1 | $0 | $0 | $4,995 | Unfurnished |
| 1 | 2 | 1 | 1 | $4,495 | $4,495 | $4,495 | Unfurnished |
| 1 | 2 | 1 | 1 | $4,295 | $4,295 | $4,295 | Unfurnished |
# of Buildings: 1
# of Units Total: 3
Separate Electric Meters: 4
Separate Gas Meters: 3
Separate Water Meters: 1
Dishwasher: 3
Ranges: 3
Refrigerator: 3
Rent Control: No
Financial Snapshot
Gross Rent Multiplier
21.8x
List Price / Annual Gross Rent
Cap Rate
3.01%
NOI / List Price
Gross Scheduled Income: $164,880
Vacancy Allowance Rate: 3%
Operating Expense: $47,998
Net Operating Income: $108,157
Annual Operating Expenses
Electric: $1,200
Gardener: $2,100
Fuel: $0
Insurance: $3,500
Maintenance: $2,250
New Taxes: $37,748
Trash: $0
Water / Sewer: $1,200
Interior
Flooring: Vinyl
Cooling: Central Air
Heating: Central
Appliances: Built In Range, Dishwasher, Gas Cooktop, Refrigerator
Laundry: Inside
Entry Location: 1
Exterior
Architectural Style: Patio Home
Property Attached: No
Stories Total: 1
Levels: One
Roof: Composition
Window Features: Double Pane Windows
Property Condition: Turnkey
Common Walls: No Common Walls
Security Features: Carbon Monoxide Detectors, Smoke Detectors
Lot Features: Sprinkler System
Pool: None
Spa: None
Fencing: Vinyl
Water Source: Public
Sewer: Public Sewer
View: None
Garage and Parking
Garage Spaces: 3
Parking Total: 3
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 42524117
Additional Parcels: No
Tax Lot: 18
Subdivision: Newport Heights (NEWH)
Community
Senior Community: No
Community Features: Biking, Park, Street Lights
Nearby Schools
Nearby schools around the 1805 Clay Street, Newport Beach, CA 92663. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$2,876,000
Total Interest
$3,668,179
Total Payment
$6,544,179
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$22,073
per month
Property History for 1805 Clay Street
Newport Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 92663.
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