Northmarq Team of Peter Hauser, Matt Hauser & Jordan Hauser Represent CKF Partners in the $13.5M Sale of Newport Harbor Apartments
1601 East 15th Street
$13,045,000
$865/SF
Building Size
15,080 SF
Asset Type
MultiFamily
Closing
Sep 16, 2025
AI
The multifamily asset located at 1601 East 15th Street in Newport Beach has a sale price of $13,045,000. The property consists of 20 units, totaling 15,080 square feet, which equates to a price per unit of $652,250 and a price per square foot of $865.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $13,045,000
- Units: 20
- Square Footage: 15,080
- Price Per Unit: $652,250
- Price Per Square Foot: $865
- Seller: Chris Fletcher & Anna Fletcher - CKF Partners
- Seller's Representative: Peter Hauser, Matt Hauser & Jordan Hauser - NorthMarq
- Date of Sale: 09/16/2025
- Market: Newport Beach
This transaction was part of a total exchange execution within Orange County amounting to $51,795,000, highlighting the broader context of property dealings in the region.
Players
Newport Beach MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93