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1805 Clay St 3 Unit Apartment Building $5,559,278 CAD ($1,853,093 CAD/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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$224,936
|
$91.62
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$6,748
|
$2.75
|
| Effective Gross Income |
$218,188
|
$88.88
|
| Taxes |
-
|
-
|
| Operating Expenses |
$74,863
|
$30.49
|
| Total Expenses |
$74,863
|
$30.49
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $224,936 |
| Annual Per SF | $91.62 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $6,748 |
| Annual Per SF | $2.75 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $218,188 |
| Annual Per SF | $88.88 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $74,863 |
| Annual Per SF | $30.49 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $74,863 |
| Annual Per SF | $30.49 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $5,559,278 CAD | Building Class | B |
| Price Per Unit | $1,853,093 CAD | 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 | $5,559,278 CAD |
| Price Per Unit | $1,853,093 CAD |
| 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 | $6,473 CAD | 775 - 895 |
| 2+1.5 | 1 | $5,798 CAD | 775 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Minimal public transit
10/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 425-241-17 | Improvements Assessment | $132,938 CAD (2025) |
| Land Assessment | $3,447,448 CAD (2025) | Total Assessment | $3,580,386 CAD (2025) |
Property Taxes
Parcel Number
425-241-17
Land Assessment
$3,447,448 CAD (2025)
Improvements Assessment
$132,938 CAD (2025)
Total Assessment
$3,580,386 CAD (2025)
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1805 Clay St
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