126 Sapphire Ave, Newport Beach CA, 92662

Active

126 Sapphire Ave

Newport Beach CA, 92662

$3,650,000

$1,540.08 per sqft

Active

7 Beds

3 Baths

2,370 sqft

Multi-family

Built in 1938

Listed by Louise Stuart with Pacific Coast Realty Group 949-278-4084

A DEVELOPER'S DREAM in a desirable mid-Island location! On the market for the first time, 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. Owned by one family for almost 9 decades, modified and expanded over the years with unknown permit history, it is currently improved with two units. The front house consists of a 4 bedroom, 1 1/2 bathroom, 2-story home with 2 kitchen areas and a den. The upstairs rear unit has 3 bedrooms and 1 bathroom. 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.

LISTED SEPARATELY: the adjacent 2,550 sqft parcel at 124 SAPPHIRE, (SEE mls#NP25019868) is a vacant lot with covered storage/patios and open space. Seller's preference is to sell both parcels (total 5,100 sqft) to the same buyer, thus creating a once-in-a-lifetime opportunity with endless possibilities for the right buyer.

NP25018447

MLSⓇ ID

February 12, 2025

Listed

February 14, 2025

Updated

Interior Features

Total Stories: 2
Bedrooms: 7
Total Bathrooms: 3
Full Bathrooms: 2
Quarter Bathrooms: 1
Interior Features: All Bedrooms Up
Laundry Description: None
Fireplace: Yes
Fireplace Description: Family Room, Living Room
Cooling: No
Cooling Description: None
Heating: No

Exterior/Building Features

Lot Size: 0.06 Acres
Lot Features: Corner Lot, Value In Land
Sewer: Public Sewer

School Information

School District: Newport Mesa Unified
High School: Corona Del Mar
Elementary School: Lincoln

Other Property Details

Area Name: N9 - Lower Newport Bay - Balboa Island
Days on Market: 1
Garage: No
Parking: On Street
Parking Total: 0
View: No
View Description: None
County: Orange
Water Source: Public
Pool: No
Pool Features: None
Utilities: Electricity Connected, Sewer Connected, Water Connected

Listing Contact: 949-422-1108

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 2/14/2025. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 2/14/2025 at 11:10 AM UTC