1601 E 15th Street, Newport Beach, CA 92663
- $14,000,000
- List Price
- $14,000,000
- Price Change
- ▼ $1,000,000 1753835688
- Status
- ACTIVE
- MLS#
- OC25100801
- Year Built
- 1975
- Lot Size
- 28,270
- Acres
- 0.65
- Lot Location
- 16-20 Units/Acre
- Days on Market
- 137
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
Newport Harbor consists of four apartment buildings, each constructed in 1975 situated on two separate legal lots consisting of ten units each. Each building is one and two-story construction with interior central courtyard and individual walk-up design. The roof structures are a mix of pitched composition shingle and metal, and were recently replaced in May 2025. The property is gated and features one laundry room on each lot. Twelve units have been fully renovated while the remaining eight can be renovated to increase cash flow. The property is individually metered for electric and features a master water heater for each individual building (4). Each unit features central air conditioning and heat. Twelve units feature large ground floor patios while four units feature balconies.
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Additional Information
- Pool Description
- None
- Garage Spaces Total
- 20
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 20
- Gross Scheduled Income
- $770,102
- Operating Expense
- 261347
Listing courtesy of Listing Agent: Peter Hauser (phauser@northmarq.com) from Listing Office: NorthMarq Realty Services, Inc.
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