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1601 E 15th St
Newport Beach, CA 92663
Newport Harbor · Multifamily Property For Sale
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20 Units
Investment Highlights
- Below Market, 3.60% IO Assumable Financing Available
- 14 Units Fully Renovated, New Roof as of May 2025
- Rents Below Market, Projected Immediately Attainable Rental Upside
- May Be Purchased Together or Separately
- Legacy Asset, Once in a Lifetime Purchase Opportunity
- Situated on Two Separate Legal Lots
Property Facts
| No. Units | 20 | Building Size | 15,080 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1975 |
| Building Class | C | Parking Ratio | 1.33/1,000 SF |
| Lot Size | 0.65 AC | ||
| Zoning | R3, Newport Beach | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.65 AC |
| Building Size | 15,080 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1975 |
| Parking Ratio | 1.33/1,000 SF |
| Zoning | R3, Newport Beach |
Amenities
Unit Amenities
- Balcony
- Disposal
- Heating
- Kitchen
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 20 | $3,412 | 754 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,425,085 | |
| Land Assessment | $11,619,915 | Total Assessment | $13,045,000 |
Property Taxes
Parcel Numbers
Land Assessment
$11,619,915
Improvements Assessment
$1,425,085
Total Assessment
$13,045,000
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