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124 126 Sapphire Avenue

Newport Beach, CA 92662

5 beds
3 baths
2,370 sqft
5,100 sqft lot
$2,869 per sqft
1938 build
– on site

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.

Listed By CRMLS_CA / Louise Stuart / Pacific Coast Realty Group / 949-278-4084

Last checked: Checking… • Last updated May 3, 2025 •

MLS# NP25097121 —

The Building

Year Built:

1938
Year Built Source:

Public Records
New Construction:

No
Total Number Of Units:

2
Structure Type:

Duplex
Stories Total:

2
Entry Level:

1
Common Walls:

No Common Walls

Interior

Levels:

Two
Entry Location:

Street
Room Type:

See Remarks
Living Area Units:

Square Feet
Living Area Source:

Assessor
Fireplace:

Yes
Fireplace:

See Remarks
Laundry:

See Remarks
Laundry:

1

Room Dimensions

Living Area:

2370.00

Location

Directions:

Balboa Island: Straight on Marine Av, Right on Park Av, Park along Park Ave or turn Right on Sapphire to park along Sapphire Av (1-way).
Latitude:

33.60551200
Longitude:

-117.89330000

The Property

Property Type:

Residential
Subtype:

Duplex
Lot Features:

Tear Down, Value In Land
Lot Size Area:

5100.0000
Lot Size Dimensions:

30X85 each
Lot Size Acres:

0.1171
Lot Size SqFt:

5100.00
Lot Size Source:

See Remarks
Lot Dimensions Source:

Public Records
View:

None
Additional Parcels:

Yes
Additional Parcels Description:

05011102
Land Lease:

No
Lease Considered:

No

Listing Agent

Contact info:

Taxes

Tax Census Tract:

630.06
Tax Tract:

100
Tax Lot:

17

Beds

Total Bedrooms:

5

Baths

Total Baths:

3
Full & Three Quarter Baths:

2
Main Level Baths:

2
Full Baths:

1
Half Baths:

1
Three Quarter Baths:

1

The Listing

Special Listing Conditions:

Trust
Parcel Number:

05011101

Heating & Cooling

Cooling:

Yes
Cooling:

See Remarks

Utilities

Sewer:

Public Sewer
Water Source:

Public

Schools

Elementary:

LINCOL
Elementary School:

Lincoln
Middle School:

Corona Del Mar
Middle School:

CODEMA
High School:

Corona Del Mar
High School:

CODEMA
High School District:

Newport Mesa Unified

The Community

Subdivision:

Balboa Island - Main Island (BALM)
Subdivision:

Balboa Island - Main Island (BALM)
Neighborhood:

Balboa Island
Features:

Curbs, Gutters, Sidewalks, Storm Drains, Street Lights
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Assessments:

Yes
Assessments:

Unknown

Parking

Parking:

No
Parking:

Street

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
5/2/25 May 2, 2025	Listed / Active	CRMLS_CA	$6,800,000

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This multifamily located in Balboa Island, Newport Beach, CA 92662 is currently for sale for $6,800,000. 124 126 Sapphire Avenue is a 2,370 square foot multifamily with 5 beds and 3 baths that has been on Estately for 1 days. 124 126 Sapphire Avenue is in the Balboa Island neighborhood of Newport Beach and has a WalkScore® of 75, making it very walkable. This multifamily is in the attendance area of Corona Del Mar High School.

Listing Courtesy of: CRMLS_CA and Pacific Coast Realty Group. Based on information from California Regional Multiple Listing Service, Inc. as of 17:21 on May 03.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.