Log In/Sign Up
Your email has been sent.
1805 Clay St 3 Unit Apartment Building $4,075,000 ($1,358,333/Unit) Newport Beach, CA 92663
Investment Highlights
- Turn key asset
- All units have in unit laundry and AC
- Large private yards and single car garages
- Just completed major remodel
- A+ location
Executive Summary
We are pleased to present the sale of 1805 Clay Street, a turnkey 3-unti 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!
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$164,880
|
$67.16
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$4,946
|
$2.01
|
| Effective Gross Income |
$159,934
|
$65.15
|
| Taxes |
-
|
-
|
| Operating Expenses |
$54,875
|
$22.35
|
| Total Expenses |
$54,875
|
$22.35
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $164,880 |
| Annual Per SF | $67.16 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $4,946 |
| Annual Per SF | $2.01 |
| Effective Gross Income | |
|---|---|
| Annual | $159,934 |
| Annual Per SF | $65.15 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | $54,875 |
| Annual Per SF | $22.35 |
| Total Expenses | |
|---|---|
| Annual | $54,875 |
| Annual Per SF | $22.35 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $4,075,000 | Building Class | B |
| Price Per Unit | $1,358,333 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 2,455 SF |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1955/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.22/1,000 SF |
| Zoning | RM - Multi-Unit Residential | ||
| Price | $4,075,000 |
| Price Per Unit | $1,358,333 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 2,455 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1955/2024 |
| Parking Ratio | 1.22/1,000 SF |
| Zoning | RM - Multi-Unit Residential |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer Hookup
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Double Pane Windows
- Freezer
- Patio
- Vinyl Flooring
- Quartz Countertops
Site Amenities
- Laundry Facilities
- Walking/Biking Trails
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | $4,745 | 775 - 895 |
| 2+1.5 | 1 | $4,250 | 775 |
1 1
Bike Score®
Very Bikeable (82)
Property Taxes
| Parcel Number | 425-241-17 | Improvements Assessment | $95,550 (2025) |
| Land Assessment | $2,477,879 (2025) | Total Assessment | $2,573,429 (2025) |
Property Taxes
Parcel Number
425-241-17
Land Assessment
$2,477,879 (2025)
Improvements Assessment
$95,550 (2025)
Total Assessment
$2,573,429 (2025)
1 of 19
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
1805 Clay St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.