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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.
Property Type(s):
Multi Family
| Last Updated | 2/12/2025 | Year Built | 1938 |
|---|---|---|---|
| Community | Lower Newport Bay - Balboa Island | County | Orange |
SCHOOLS
| School District | Newport Mesa Unified |
|---|---|
| Elementary School | Lincoln |
| Jr. High School | Corona Del Mar |
| High School | Corona Del Mar |
Additional Details
| AIR | None |
|---|---|
| AREA | Lower Newport Bay - Balboa Island |
| CONSTRUCTION | Unknown |
| FIREPLACE | Yes |
| GARAGE | On Street |
| HOA DUES | 0 |
| INTERIOR | All Bedrooms Up |
| LOT | 2550 sq ft |
| LOT DESCRIPTION | Corner Lot, Value In Land |
| LOT DIMENSIONS | 85x30 |
| PARKING | On Street |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| UTILITIES | Electricity Connected,Sewer Connected,Water Connected |
| VIEW DESCRIPTION | None |
| WATER | Public |
Location
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Listed with Pacific Coast Realty Group
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2025.
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