$15,000,000

1601 E 15th St Newport Beach, CA 92663

Cliff Haven Neighborhood

Estimated payment $98,561/month

Total Views 4,376
2 Beds
1 Bath
15,080 Sq Ft
$995 Price per Sq Ft

Highlights

  • Golf Course Community
  • Fishing
  • Laundry Room
  • Newport Heights Elementary Rated A
  • 0.65 Acre Lot
  • 20 Car Garage

About This Home

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.

Listing Agent

Peter Hauser

NorthMarq Realty Services, Inc Brokerage Phone: 949-302-1400 License #00856966 Listed on: 05/06/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1975

Lot Details

  • 0.65 Acre Lot
  • Two or More Common Walls
  • Density is 16-20 Units/Acre
  • 42524311

Parking

  • 20 Car Garage
  • Parking Available

Home Design

  • Apartment

Interior Spaces

  • 15,080 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Bathroom

Listing and Financial Details

  • Tax Lot 4
  • Tax Tract Number 1718
  • Assessor Parcel Number 42524310
  • $2,638 per year additional tax assessments

Community Details

Overview

  • 4 Buildings
  • 20 Units

Amenities

  • Laundry Facilities

Recreation

  • Golf Course Community
  • Fishing
  • Park
  • Water Sports
  • Bike Trail

Building Details

  • 20 Separate Electric Meters
  • 20 Separate Gas Meters
  • 4 Separate Water Meters
  • Electric Expense $30,000
  • Fuel Expense $3,260
  • Insurance Expense $16,250
  • Professional Management Expense $22,145
  • Trash Expense $3,000
  • Water Sewer Expense $3,276
  • Operating Expense $275,910
  • Gross Income $738,157
  • Net Operating Income $462,248

Property Details

Home Type

Multi-Family

Year Built

Built in 1975

Lot Details

0

Parking

20

Listing Details

  • CapRate: 3.08
  • Price Per Unit: 750000
  • Professional Management Expense: 22145.00
  • Property Attached: Yes
  • Water Sewer Expenses: 3276.00
  • Zoning: R-3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 42524310
  • Year Built: 1975
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 994.69

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 20.00
  • Parking: Yes
  • Parking Features: Garage
  • Total Parking Spaces: 20.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 3000.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Fishing, Golf, Park, Watersports, Sidewalks

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: 42524311
  • Land Lease: No
  • Lot Features: 16-20 Units/Acre
  • Lot Size Sq Ft: 28270.00
  • Lot Size Acres: 0.6490

Multi Family

  • Electric Expense: 30000.00
  • Fuel Expense: 3260.00
  • Gross Income: 738157.00
  • Gross Scheduled Income: 737520.00
  • Insurance Expense: 16250.00
  • Lot Size Area: 28270.0000 Square Feet
  • Net Operating Income: 462248.00
  • Number Of Separate Electric Meters: 20
  • Number Of Separate Gas Meters: 20
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 20
  • Operating Expense: 275910.00
  • Rent Control: No
  • Total Expenses: 275910.00

Tax Info

  • Tax Census Tract: 634.00
  • Tax Lot: 4
  • Tax Tract Number: 1718
  • TaxOtherAnnualAssessmentAmount: 2638.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2025 05/06/25 For Sale $15,000,000 -- $995 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25100801

California Regional Multiple Listing Service (CRMLS)

California Orange County Newport Beach 92663 Cliff Haven

1601 E 15th St, Newport Beach, CA

This home is located at 1601 E 15th St, Newport Beach, CA 92663 and is currently priced at $15,000,000, approximately $994 per square foot. This property was built in 1975. 1601 E 15th St is a home located in Orange County with nearby schools including Newport Heights Elementary, Horace Ensign Intermediate School, and Newport Harbor High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Peter Hauser
Listing Agent
Peter Hauser
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NorthMarq Realty Services, Inc
(949) 518-3552