1601 15th Street Newport Beach, CA 92663
Four apartment buildings with renovation upside in Newport Beach.
- Added:
- May 10, 2025
- Days on Market:
- 343
- Last Refresh:
- Mar 16 at 9:09 am
Property Features for 1601 15th Street
General Information
- Standard status
- Active
Building Details
- Year Built
- 1975
Listing agent PETER HAUSER
Listing office NORTHMARQ REALTY SERVICES, INC
Listing date May 10, 2025
Source Corcoran
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of NORTHMARQ REALTY SERVICES, INC
Overview
Newport Beach Multifamily Investment Opportunity
Newport Harbor comprises four apartment buildings, each constructed in 1975. The buildings are situated on two separate legal lots and consist of ten units each. The construction is a mix of one and two-story structures featuring an interior central courtyard and individual walk-up design. The roof structures, a mix of pitched composition shingle and metal, were recently replaced in May 2025. The property is gated and includes one laundry room on each lot. Twelve units have been fully renovated, while the remaining eight units offer renovation potential to increase cash flow. The property is individually metered for electric and features a master water heater for each building. Each unit is equipped with central air conditioning and heat. Twelve units include large ground floor patios, while four units feature balconies. The intended use of the property is as apartment buildings, multifamily properties, and residential income properties.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Newport Beach
- County
- Orange
- State
- California
- Longitude
- -117.914
- Latitude
- 33.622
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Four apartment buildings with renovation upside in Newport Beach.
Where is this apartment building located?
The property is located at 1601 15th Street Newport Beach, CA.
What is the asking price?
The asking price for this property is $14,000,000.
What are key features of this property?
This property features: Roofs recently replaced (May 2025).; Twelve units fully renovated.; Opportunity to increase cash flow by renovating remaining eight units.
