$ 6,400,000
-
$6,400,000
Price -
5
Bed -
3
Bath -
2,370
SqFt
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About the Listing U7358 - U11818,U40706
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.
Listing Highlights for 124 126 Sapphire Ave
Status
Active
Days on Site
126
Property Type
Residential
MLS ®
NP25097121
Year Built
1938
Total Square Footage
2,370
Lot/Acreage
0.12
County
Orange
Neighborhood
Balboa Island - Main Island (BALM)
School District
Newport Mesa Unified
Elementary School
Lincoln
Middle School
Corona Del Mar
High School
Corona Del Mar
Interior Details
- Bedrooms: 5
- Bathrooms: 1 Full / 1 Three-Quarter / 1 Half
- Appliances:
- Air Cond: See Remarks
- Heating:
- Fireplaces: See Remarks
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Tear Down,Value In Land,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Street
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 05011101
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
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Listing Location
Questions About..
124 126 Sapphire Ave Newport Beach, CA 92662
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