About 1601 15th Street
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.
Features of 1601 15th Street
| MLS® # | OC25100801 |
|---|---|
| Price | $15,000,000 |
| Bedrooms | 2 |
| Bathrooms | 1.00 |
| Acres | 0.65 |
| Year Built | 1975 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Active |
Community Information
| Address | 1601 15th Street |
|---|---|
| Area | 699 - Not Defined |
| City | Newport Beach |
| County | Orange |
| Zip Code | 92663 |
Amenities
| Parking Spaces | 20 |
|---|---|
| Parking | Garage |
| # of Garages | 20 |
| Garages | Garage |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Lot Description | SixteenToTwentyUnitsAcre |
|---|
Additional Information
| Date Listed | May 6th, 2025 |
|---|---|
| Days on Market | 12 |
| Zoning | R-3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Peter Hauser |
|---|---|
| Office | NorthMarq Realty Services, Inc |