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    1805 Clay St Newport Beach, CA 92663

    For Sale
    $4,075,000

    Turnkey 3-unit property in desirable Newport Heights neighborhood.

    Lot size:
    0.17 Acres

    Property Features for 1805 Clay St

    General Information

    Lot size
    0.17 Acres

    Building Details

    Year built
    1955

    Source: Pacific Sotheby's Int'l Realty Agent Timothy Carr

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Newport Beach Multifamily Investment Opportunity

    Located in the prestigious Newport Heights neighborhood of Newport Beach, 1805 Clay Street is a turnkey multifamily property featuring three units. Each of the three units includes two bedrooms and one bathroom. The units have been recently renovated to include bright, modern living spaces with white shaker cabinets, quartz countertops, vinyl flooring, and stainless steel appliances. Bathrooms have been remodeled with a spa-like design. Each unit is equipped with central AC, in-unit laundry, dual pane windows, tankless water heaters, recessed lighting, and Ring doorbells. Each unit also includes a private single-car garage space with epoxy coating. The property is separately metered for gas and electricity. All three units are currently leased at market rent. The property is located in a desirable rental market in Orange County, offering tenants proximity to parks, top-rated schools, beaches, and the amenities of 17th Street.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Dental Office Spa & Massage Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newport Beach
    County
    Orange
    State
    California
    Longitude
    -117.9151847
    Latitude
    33.6208309

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    FAQs

    What type of property is this?
    Apartment building - Turnkey 3-unit property in desirable Newport Heights neighborhood.
    Where is this apartment building located?
    The property is located at 1805 Clay St Newport Beach, CA.
    What is the asking price?
    The asking price for this property is $4,075,000.
    What are key features of this property?
    This property features: - Turnkey 3-unit multifamily property in the prestigious Newport Heights neighborhood of Newport Beach.; - All (3) units are recently renovated with modern finishes, including white shaker cabinets, quartz countertops, vinyl flooring, stainless steel appliances, and spa-like bathrooms.; - Each unit features desirable amenities such as central AC, in-unit laundry, private single car epoxy coated garage space, and large private patios.
    (949) 631-9999
    Request Owner's contact information
    1805 Clay St Newport Beach, CA 92663
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    Newport Beach, CA 92663
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1805 Clay St Newport Beach, CA 92663
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