Sold for $13,045,000

Listed by: NorthMarq Realty Services, Inc • Peter Hauser • Contact: 949-717-5200

Bought with: NONMEMBER MRML

$13,045,000

1601 E 15th St, Newport Beach, CA 92663

40beds

20baths

15,080sqft

Multi Family

Built in 1975

-- sqft lot

$-- Zestimate^®

$865/sqft

$4,197 Estimated rent

Home value

Not available

Estimated sales range

Not available

$4,197/mo

Zestimate^® history

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$4,197/mo

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$83,070/mo

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$83,070/mo

Est. payment

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What's special

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.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 40
Bathrooms: 20

Appliances

Laundry: Common Area

Features

Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 15,080
Total interior livable area: 15,080 sqft

Property

Parking

Total spaces: 20
Parking features: Garage
Garage spaces: 20

Features

Levels: Two
Stories: 2
Entry location: 1
Pool features: None

Lot

Size: 0.65 Acres
Features: 16-20 Units/Acre

Details

Additional parcels included: 42524311
Parcel number: 42524310
Zoning: R-3
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family
Attached to another structure: Yes

Condition

New construction: No
Year built: 1975

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Biking, Fishing, Golf, Park, Sidewalks, Water Sports

Location

Region: Newport Beach

Financial & listing details

Price per square foot: $865/sqft
Date on market: 5/6/2025
Cumulative days on market: 133 days
Listing terms: 1031 Exchange

Price history

Date	Event	Price
9/16/2025	Sold	$13,045,000-6.8%$865/sqft
Source: CRMLS #OC25100801 Report a problem
7/29/2025	Price change	$14,000,000-6.7%$928/sqft
Source: CRMLS #OC25100801 Report a problem
5/6/2025	Listed for sale	$15,000,000$995/sqft
Source: CRMLS #OC25100801 Report a problem
3/7/2024	Listing removed	--
Source: Zillow Rentals Report a problem
2/29/2024	Listed for rent	$2,900
Source: Zillow Rentals Report a problem