124 Sapphire AveNewport Beach, CA 92662

A DEVELOPER'S DREAM! On the market for the first time, 124 and 126 Sapphire Ave (Listed Separately) at the corner of Park and Sapphire, have a combined total of app 5100 sqft, yielding a rare opportunity to develop side-by-side lots in a desirable mid-Island location. 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, is a treasured family Duplex on a 2,550 sqft lot with original construction reportedly built in1938. Modified and expanded over almost 9 decades, with unknown permit history, it is currently improved with two units. The front house consists of a 4 bedroom, 1 1/2 bathroom, two-story home with 2 kitchen areas and a den. Upstairs in the rear is a 3 bedroom 1 bathroom unit.
124 Sapphire, is reported to be 2,550 sqft, and is best described as a vacant lot with covered storage/patios and open space.
Each parcel can be sold separately. Seller’s preference is to sell them concurrently, thus creating a once-in-a-lifetime opportunity with endless possibilities for the right buyer.