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1805 Clay St, Newport Beach, CA, 92663

6beds
3baths
2,445sqft
$3,595,000
$1,470price/sqft
$20,904/moest. monthly cost
$836,160/yrincome needed

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!

Getting Around

66
WalkingSomewhat Walkable
30
TransitSome Transit
82
BikeVery Bikeable

Schools

9/10

Construction

Condition

  • Property condition: Turnkey
  • Year built: 1955

Materials

  • Roof: Composition

Type & Style

  • Home type: MultiFamily
  • Architectural style: Patio Home
  • Property subType: Triplex

Interior

Appliances

  • Appliances included: Built-In Range,Dishwasher,Gas Cooktop,Refrigerator
  • Laundry features: Inside

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 3

Features

  • Window features: Double Pane Windows
  • Flooring: Vinyl
  • Common walls with other units/homes: No Common Walls

Heating & Cooling

  • Heating features: Central
  • Cooling features: Central Air

Interior Area

  • Total structure area: 2,445
  • Total interior livable area: 2,445 sqft

Property

Details

  • Parcel number: 42524117
  • Special condition: Standard

Features

  • Levels: One
  • Stories: 1
  • Entry location: 1
  • Pool features: None
  • Spa features: None
  • Fencing: Vinyl
  • Has view: Yes
  • View description: None

Lot

  • Lot size: 7,266 sqft
  • Features: Sprinkler System

Parking

  • Total spaces: 3
  • Parking features: Garage
  • Has garage: Yes
  • Attached garage spaces: 3
  • Covered spaces: 3

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeVery High
  • Coastal Flooding
    Coastal FloodingRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Earthquake
Coastal Flooding
Inland Flooding
Heat Wave

FEMA Declared Disasters in Orange County and California

Earthquake
Flood
Mud Landslide
Severe Storm
Snowstorm
Tropical Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $18,178$218,136
Home Insurance *$285$3,420
Property Taxes $1,917$23,004
Electricity $524$6,291
Total$20,904$250,848
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$716,708/yr
40% on housing$627,120/yr
45% on housing$557,440/yr

California FAIR Plan Programs

California FAIR Plan Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 417,310Commercial: 13,990
Total Premiums$1.42B
Total Exposure$429.84B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.6%
8.6%
0%30.0%
Electricity Growth Rate10-year average: 4.3%
4.3%
0%15.0%
Property Taxes Growth Rate2-year average: 0.7%
0.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,470This listing

vs Other Active Listings

Avg $/sqft

ZIP 92663$1,881
Orange County$768

vs Homes Sold Last Month

Median $/sqft

ZIP 92663$1,620
Orange County$707

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2025-10-27Price change$4,075,000
2025-04-29Price change$4,250,000
2025-04-24Listing removed$4,495
2025-04-18Listed for rent$4,495
2022-02-08Pending sale$2,242,200
2022-01-30Contingent$2,242,200
2021-11-20Pending sale$2,242,200

For Sale by Agent

AgentTimothy Carr
BrokeragePacific Sotheby's Int'l Realty

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