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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.
Property Type(s):
Multi Family
| Last Updated | 5/2/2025 | Tract | Balboa Island - Main Island (BALM) |
|---|---|---|---|
| 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 | See Remarks |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | Lower Newport Bay - Balboa Island |
| FIREPLACE | Yes |
| GARAGE | On Street |
| HOA DUES | 0 |
| LOT | 5100 sq ft |
| LOT DESCRIPTION | Tear Down, Value In Land |
| LOT DIMENSIONS | 30X85 each |
| PARKING | On Street |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | Balboa Island - Main Island (BALM) |
| 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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