CA > Newport Beach > Balboa Island - Main Island (Balm)
Newport Beach, CA 92662,124 126 Sapphire AVE
Newport Beach, CA 92662,124 126 Sapphire AVE
Newport Beach, CA 92662,124 126 Sapphire AVE
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$6,400,000
Est. payment /mo
5 Beds
3 Baths
2,370 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,370 sqft

Price per Sqft $2,700

Subdivision Balboa Island - Main Island (Balm)

MLS Listing ID NP25097121

Bedrooms 5

Full Baths 1

Half Baths 1

Three Quarter Bath 1

HOA Y/N No

Year Built 1938

Lot Size 5,100 Sqft

Lot Dimensions Public Records

Property Sub-Type Duplex

Property 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.

Location

State CA

County Orange

Area N9 - Lower Newport Bay - Balboa Island

Interior

Cooling See Remarks

Fireplaces Type See Remarks

Fireplace Yes

Laundry See Remarks

Exterior

Parking Features On Street

Pool None

Community Features Curbs, Gutter(s), Storm Drain(s), Street Lights, Sidewalks

View Y/N No

View None

Private Pool No

Building

Lot Description Tear Down, Value In Land

Dwelling Type Duplex

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Schools

Elementary Schools Lincoln

Middle Schools Corona Del Mar

High Schools Corona Del Mar

School District Newport Mesa Unified

Others

Senior Community No

Tax ID 05011101

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Trust

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CRMLS – RECore
Listed by Louise Stuart Pacific Coast Realty Group 949-278-4084

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