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$ 6,800,000
Est. payment | /mo
5 Beds
2 Baths
2,370 SqFt
$ 6,800,000
Est. payment | /mo
5 Beds
2 Baths
2,370 SqFt
Key Details
Property Type Commercial
Sub Type Duet
Listing Status Active
Purchase Type For Sale
Square Footage 2,370 sqft
Price per Sqft $2,869
MLS Listing ID CRNP25097121
Bedrooms 5
Full Baths 1
Half Baths 2
HOA Y/N No
Year Built 1938
Lot Size 5,100 Sqft
Acres 0.1171
Property Sub-Type Duet
Property Description
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.
Location
State CA
County Orange
Interior
Cooling See Remarks
Fireplaces Type See Remarks
Fireplace Yes
Laundry See Remarks
Exterior
Pool None
View Y/N false
View None
Private Pool false
Building
Lot Description Street Light(s), Storm Drain
Story 2
Sewer Public Sewer
Water Public
Level or Stories Two Story
New Construction No
Schools
School District Newport-Mesa Unified
Others
Tax ID 05011101
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Listed by Louise Stuart • Pacific Coast Realty Group