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1601 East 15th Street

Northmarq Team of Peter Hauser, Matt Hauser & Jordan Hauser Represent CKF Partners in the $13.5M Sale of Newport Harbor Apartments
SOLDMultiFamily

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

Peter Hauser

Northmarq

Broker

$165.9M

vol

9 deals

Broker
NorthMarq
NorthMarqBrokerage

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