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!

Timothy Carr

Pacific Sotheby's Int'l Realty

ARIANNA ANASTASIA

BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA REALTY

Exceptional Balboa Peninsula Triplex – Steps from the Ocean and Bay!

A rare opportunity to own an income-producing triplex on one of Newport Beach’s most desirable streets, just 250 feet from the sandy beach and 500 feet from the Newport pier and 700 feet from the Newport Pavilion. Perfect for owner users / investors seeking strong returns, flexible rental options, and long-term appreciation.

This fully upgraded property includes three beautifully maintained units, each with its own mini-split A/C system, modern finishes, and private laundry. All three units are currently occupied on month-to-month leases, providing immediate rental income with the flexibility to adjust rents or transition to short-term or seasonal rentals as desired.

Front House (126 E Balboa Blvd) – 2 Bedrooms | 1 Bathroom | Fireplace. A bright and inviting front home featuring an open living area with fireplace, upgraded kitchen, detached indoor laundry room, and storage area. The property also boasts an **expansive raised front patio—the largest on the block—**perfect for entertaining or maximizing tenant appeal.

Upper Unit (126 ½ E Balboa Blvd) – 1 Bedroom + Loft/Office | 1 Bathroom. This upper-level unit features a light-filled living area, modern kitchen, in-unit laundry, and a private balcony with peek-a-boo ocean view—ideal for professionals, couples, or as a premium vacation rental.

Lower Unit (126 ¼ E Balboa Blvd) – 1 Bedroom | 1 Bathroom. Compact, efficient, and beautifully updated, the lower unit offers a cozy living space and kitchen, with laundry conveniently located in the attached garage.

All units have been upgraded and are well maintained, making this property truly turnkey and ready for immediate cash flow. With its unbeatable location—close to Balboa Pier, Balboa Village, the Fun Zone, and the iconic Balboa Ferry—this triplex enjoys consistent tenant demand and strong year-round occupancy. Immediate income – all units occupied on month-to-month leases. Prime location – short walk to sand, surf, and bay. High rental potential – flexible use for long-term, short-term, or owner-occupied investment. Rare Peninsula find – upgraded, air-conditioned, and well maintained

Whether you’re an investor expanding your portfolio or a buyer seeking a beachside income property with exceptional upside, 126 E Balboa Blvd is the one to see. Invest where everyone wants to stay—and earn while you plan your next move.

VINOD DESAR

Kyle Flagg

Ideally located in the heart of Newport Beach, this charming Newport Heights triplex offers a rare blend of character, flexibility, and coastal proximity—just minutes from the beach, Lido Marina Village, and the best of the Peninsula. The property is comprised of three well-designed residences, each with its own distinct appeal:  Front Home – 2 Bedrooms / 1 Bathroom (Detached): An absolutely charming standalone residence featuring a spacious private yard—perfect for outdoor dining, entertaining, or enjoying the coastal climate. Inside, the home offers a light and inviting atmosphere with updated carpet, window treatments, and comfortable living spaces that feel warm and welcoming. A shared garage adds convenience, making this unit especially attractive to long-term tenants or an owner-occupant. Upper Unit – 3 Bedrooms / 2 Bathrooms (Remodeled):  The largest of the three units, this nicely remodeled residence offers generous living space, an updated kitchen and baths, and a functional floor plan ideal for today’s lifestyle. The unit includes its own private laundry, a significant upgrade that adds both comfort and value. Light-filled interiors and thoughtful updates make this a highly desirable rental in a prime beach-close location. Studio “Kicker” Unit: A versatile studio apartment that enhances the income profile of the property—ideal as a rental, guest space, or additional flexibility for future use.  With its excellent unit mix, strong rental appeal, and prime Newport Heights location, very close to beaches, shopping, dining, and freeway access, 3209 Clay Street represents a compelling opportunity for investors and owner-users alike. A rare coastal triplex offering charm, income, and upside in one of Newport Beach’s most sought-after neighborhoods.

Jon Flagg

Rare investment opportunity just steps from the sand and surf in one of Newport Beach’s most sought-after coastal communities. This legally recognized triplex has been previously reconfigured into six income-generating units, maximizing rental potential while preserving long-term flexibility.

The property has been recently updated, including interior unit improvements and fresh exterior paint, offering a clean and well-maintained impression throughout. On-site 3-carport parking adds convenience for tenants.

With easy potential to convert back to 3 or 4 larger units, this property offers a flexible exit strategy for future redevelopment or owner-occupant use. Situated just a short stroll to the beach, Lido Marina Village, top dining, shops, and the harbor, this is a prime opportunity for both short- and long-term income investors. Interior unit photos and unit rent breakdown available upon request.

1324 W Balboa Boulevard, Newport Beach CA 92661

1324 W Balboa Boulevard, Newport Beach CA 92661

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