USACANewport BeachBalboa Island - Main Island (Balm)124 Sapphire Avenue
124 and 126 Sapphire represent a rare double lot purchase opportunity in a fantastic mid-island location! | Image 1
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$6,400,000

124 Sapphire Avenue, Newport Beach, CA

Real Estate

For Sale

$--,---,---
530
  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential
Size 2370 sqft
Garage No
Taxes 
Days Active 101
Lot Size 
Approx. Age 1938
Avg. Price Per Sqft $2,700
MLS® Number NP25097121

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

DEVELOPER'S DREAM! Rare Opportunity to Develop 2 Side-by-Side Balboa Island Lots! In a desirable mid-Island location, 126 & 124 Sapphire Ave, 2 parcels with separate APN numbers, at the corner of Park and Sapphire, have a combined total of app 5100 sqft. Convenient to Marine Ave shopping and dining, within a short walk to the Balboa Ferry, all that Balboa Island has to offer is walkable, and with less congestion. 126 Sapphire: At the corner of Park Ave, this family Duplex reportedly built in 1938, has been modified and expanded over almost 9 decades with unknown permit history. Now a “TEAR DOWN” on an approx. 2550-2614 sqft lot., the 2-story front house was configured with up to 4 bedrooms, 1 1/2 bathrooms, 2 kitchen areas and a den. Upstairs in the rear is a unit of unknown sqft with up to 3 bedrooms & 1 bathroom. 124 Sapphire: The adjacent parcel is reported to be 2, 550 sqft, best described as a vacant lot with covered storage/patios and open space. SELLER WILL ONLY CONSIDER SALE OF THE 2 PARCELS TO ONE BUYER. Sale of the 2 parcels is to be contingent upon concurrent closing of both parcels to a single buyer/builder/developer, thus creating a once-in-a-lifetime opportunity with endless possibilities for the right buyer.Show Description
MLS® NumberNP25097121
Laundry LevelSee Remarks
Central VacNo
FireplaceNo
Acreage0.1171
Exterior
GarageNo
Approx. Age1938
Basement
DrivewayOn Street
Garage Spaces
Heat
A/CSee Remarks
Heating Fuel

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