MLS Number 202121143 For Sale

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Special A2 zoned development opportunity. Located contiguous to the corner of Alapai/Prospect Sts, this property is being sold together with 702 Prospect St Mls # 202121149 for a total of 10,732 sq ft as part of an estate sale. These properties have not been marketed since 1953 and represent an ideal opportunity for redevelopment into higher density residential/apartment use and development under Bill 7. 702 Prospect and 1617 Alapai each contain 2 dwellings with 3 rental units each for a total of 6 rental units. The location is ideally located on the slope of Punchbowl. Buyer to do their own due diligence as to development ability.These properties are a very rare chance to own A2 zoned land in probably the most premier A2 zoned land on Oahu. A beautiful residential area with close proximity to Downtown and skyrocketing land values. Some of the units are on month to month rental agreements significantly below market value. Please do not disturb the occupants. Listing information courtesy of Nathalie Mullinix R. U., Inc.

Item Details (Information deemed reliable, but not guaranteed.)
Property Type Single Family
Bedrooms 8
Full Bathrooms 4
Interior Living Area 1,637 sq. ft.
152.08 sq. m.
Total Area 1,637 sq. ft.
152.08 sq. m.
Lot Size Area 0.136 acres
549.80 sq. m.
Year Built 1939
Parking Total 4
Parking Type
  • Carport
Property Condition Fair
Utilities
  • Connected
  • Internet
  • Overhead Electricity
  • Public Water
  • Telephone
Views
  • City
  • Ocean
Inclusions
  • Other
Flooring
  • Other
Item Details (Information deemed reliable, but not guaranteed.)
Architectural Style
  • Detach Single Family
  • Multiple Dwellings
Construction Materials
  • Single Wall
Easements
  • None
Location Dead End
Lot Features
  • Other
Roof Asphalt Shingle
Stories Two
Item Details (Information deemed reliable, but not guaranteed.)
Current Price $3,300,000 FS - Fee Simple
Price / Sq. Ft. $2,015.88 / Sq. Ft.
Land Tenure FS - Fee Simple (You own the land.)
Tax Assessed Value $1,192,200
Tax Assessed Value Improvements $111,400
Tax Assessed Value Land $1,080,800
Tax Exemption Owner Occupancy $0
Tax Amount $348 / Month
Tax Year 2021
TMK (Tax Map Key) 1-2-2-004-037-0000
Item Details
City Honolulu
Neighborhood Punchbowl Area
Zip Code 96813
Zoning 12 - A-2 Medium Density Apartme
Flood Zone Zone X

Map

Contact Request

Hi, I'm Sachiko Trillo, Oahu Realtor.

The idea of buying Oahu real estate can be overwhelming at times. I completely understand!

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Sachiko Trillo, Realtor

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