124 126 Sapphire Avenue Newport Beach, CA $ 6,400,000
124 126 Sapphire Avenue
$ 6,400,000
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124 126 Sapphire Avenue

Newport Beach, CA, 92662
$ 6,400,000
Bedrooms5 Baths2.1 Sq 2,370

Monthly Estimate*

$ 39,928

Listed by Pacific Coast Realty Group
124 126 Sapphire Avenue, Newport Beach, CA 92662 - Image 1
124 126 Sapphire Avenue, Newport Beach, CA 92662 - Image 2
124 126 Sapphire Avenue, Newport Beach, CA 92662 - Image 3
124 126 Sapphire Avenue, Newport Beach, CA 92662 - Image 4
124 126 Sapphire Avenue, Newport Beach, CA 92662 - Image 5
124 126 Sapphire Avenue, Newport Beach, CA 92662 - Image 6
124 126 Sapphire Avenue, Newport Beach, CA 92662 - Image 7
124 126 Sapphire Avenue, Newport Beach, CA 92662 - Image 8
124 126 Sapphire Avenue, Newport Beach, CA 92662 - Image 9
124 126 Sapphire Avenue, Newport Beach, CA 92662 - Image 10
124 126 Sapphire Avenue, Newport Beach, CA 92662 - Image 11
124 126 Sapphire Avenue, Newport Beach, CA 92662 - Image 12
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Multi-Family Home for sale in Newport Beach, CA

for $6,400,000 with 5 bedrooms and 2 full baths, 1 half bath. This 2,370 square foot home was built in 1938 on a lot size of 0.1171.

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.

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Multi-Family Pending

Price

$ 6,400,000

Bedrooms

5

Full Bath

2

Half Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1171

Year Built

1938

Town/City

Newport Beach

County/Region

Orange

MLS | Web ID

NP25097121

Days on Market

232

Features
General
Living Area 2370
Sewer Public Sewer
Cooling See Remarks
Possession Negotiable
HOA Fee 0
Garage Spaces 0
Pool Features None
Year Built 1938
View None
Stories Count 2
Levels Two
Property Subtype Duplex
Community Features Curbs Gutter(s) Storm Drain(s) Street Lights Sidewalks
Additional Parcels Description 05011102
County Orange
New Construction false
Property Type Residential
HOA false
Contingency Sale of each parcel contingent upon current closing of both parcels to one buyer.
Subdivision Name Balboa Island - Main Island (BALM)
Garage Y/N false
Full Baths 1
Special Listing Conditions Trust
Status Pending
Directions Balboa Island: Straight on Marine Av Right on Park Av Park along Park Ave or turn Right on Sapphire to park along Sapphire Av (1-way).
High School Corona Del Mar
City Newport Beach
Entry Location Street
Senior Community Y/N false
High School District Newport Mesa Unified
Number Of Units Total 2
MLS Area N9 - Lower Newport Bay - Balboa Island
Lot Size Units Square Feet
Lot Size Square Feet 5100
Listing Terms Cash Cash to New Loan
Elementary School Lincoln
Property Attached Y/N false
Land Lease Y/N false
Middle/Junior High School Corona Del Mar
Additional Parcels Y/N true
Lease Considered Y/N false
Structure Type Duplex
Living Area Units Square Feet
Standard Status Pending
Occupancy Type Owner
Year Built Source Public Records
Tax Lot 17
Property Sub Type Additional Duplex
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Interior
Fireplace Features See Remarks
Total Stories 2
Common Walls No Common Walls
Air Conditioning Y/N true
Fireplace Y/N true
Half Baths 1
3/4 Baths 1
Laundry Features See Remarks
Total Bedrooms 5
Entry Level 1
Main Level Bedrooms 0
Main Level Bathrooms 2
Total Baths 3
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Exterior
Parking Features On Street
Lot Features Tear Down Value In Land
Water Source Public
Total Parking 0
Lot Size Area 5100
Lot Dimensions 30X85 each
Lot Size Acres 0.1171
Private Pool false
Lot Size Source See Remarks
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* Excluded Features
List By
Pacific Coast Realty Group

Broker

lstuart@stuart-davis.net

Email

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$39,928
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Monthly Principal & Interest
$39,928
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Corona Del Mar High School High School
Pricing History
DatePricePrice ChangeDescription
11/28/2025$6,400,000 Listed Price

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124 126 Sapphire Avenue, Newport Beach, CA, 92662 is a Multi-Family Home for sale at $6,400,000 with 2,370 sqft and a lot size of 0.1171. 124 126 Sapphire Avenue has 5 bedrooms, 2.1 baths, and was built in 1938. The property's zip code is 92662 which is in Newport Beach, CA