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1805 Clay Street, Newport Beach, California 92663, Newport Beach, - bed, bath

home-pic
ACTIVE$4,075,000
1805 Clay Street, Newport Beach, California 92663
0Bed
0Bath
2,445Sqft
7,266Lot
Year Built
1955
Close
-
List price
$4.08M
Original List price
$4.25M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
NP25088084
Home ConditionExcellent
Features
Patio
View-

About this home

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!

Nearby schools

8/10
Newport Heights Elementary School
Public,•K-6•0.9mi
7/10
Horace Ensign Intermediate School
Public,•7-8•0.2mi
7/10
Newport Harbor High School
Public,•9-12•0.2mi

Price History

Date
Event
Price
10/28/25
Price Change
$4,075,000-4.1%
04/29/25
$4,250,000
Neighborhood Comparison
 SubjectAverage HomeNeighbourhood Ranking (24 Listings)
Beds06
Baths04
Square foot2,4452,461
48%
Lot Size7,2662,614
96%
Price$4.08M$3.2M
76%
Price per square foot$1,667$1,404
72%
Built year19551963
32%
HOA
Days on market190181
64%
Condition Rating
Excellent
Despite being built in 1955, the property has undergone a recent and extensive renovation, as described and evidenced by the images. All three units feature modern white shaker cabinets, quartz countertops, new stainless steel appliances, vinyl plank flooring, recessed lighting, central AC, in-unit laundry (new LG units visible), dual-pane windows, and tankless water heaters. The 'spa-like bathrooms' mentioned in the description, combined with the overall high-quality finishes, indicate that all components are new or virtually new, meeting current quality standards with no deferred maintenance. This aligns perfectly with the 'Excellent' condition criteria for a recently and extensively renovated property.
Pros & Cons

Pros

Prime Location & Desirable Market: Situated in the prestigious Newport Heights neighborhood of Newport Beach, a highly desirable rental market with close proximity to parks, top-rated schools, and beaches.
Turnkey & Fully Leased Income Property: A recently renovated, turnkey 3-unit multifamily property with all units currently leased at market rent, providing immediate income for an investor.
Extensive Modern Renovations: Each unit boasts high-end, modern renovations including white shaker cabinets, quartz countertops, vinyl flooring, stainless steel appliances, spa-like bathrooms, central AC, in-unit laundry, dual-pane windows, tankless water heaters, and recessed lighting.
Individual Unit Amenities: Each unit offers private patios, Ring doorbells, and a private single-car epoxy-coated garage space, enhancing tenant appeal and convenience.
Separately Metered Utilities: Units are conveniently separately metered for gas and electricity, simplifying tenant billing and reducing landlord overhead.

Cons

Lack of Views: The property explicitly states 'view: None,' which can be a significant drawback in a coastal Newport Beach location where views often command a premium.
Older Construction Year: Built in 1955, despite extensive renovations, the underlying structure is older, which could potentially lead to unforeseen maintenance issues or limitations compared to newer construction.
Recent Price Reduction: A significant price reduction of $175,000 might indicate initial overpricing or market resistance, potentially signaling a slower sales process or a need for further negotiation.

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