MLS Number 202320512 For Sale
Let our Oahu real estate inspire you...
Rarely available opportunity in Kapahulu! Priced attractively at tax-assessed value. B-2 Zoned with 3 structures and 4 units: a 957 sf Retail Shop, a 780 sf 2/1 Single Family Home, and a 1,276 sf Duplex with two 638 sf 2/1 units. Two carports with a total of 5 parking, plus street parking. Ready to go with 5 electrical meters. Super convenient and desirable location only 0.9 miles to the closest freeway onramp, and 0.9 miles to "walls" at world famous Waikiki Beach, plus a plethora of eateries in the immediate area. All units are vacant except for Duplex A; tenant will vacate at closing. Make use of the property quickly with a few repairs, make some upgrades for increased revenue, or explore the option to redevelop affordable rental units under Bill 7 to maximize the property's highest and best use. Historical income numbers are below market, as family has lived in 2 units rent-free for years, leaving you plenty of upside. Property is being sold Strictly As-Is. Bath count (3.5) does not match city records (3). Structures have deferred maintenance, buyers to conduct their own due diligence. Please do not disturb tenants. Act quickly. Don't miss your chance to own this amazing property!
| Item | Details (Information deemed reliable, but not guaranteed.) |
|---|---|
| Property Type | Single Family |
| Bedrooms | 6 |
| Full Bathrooms | 3 |
| Interior Living Area | 3,013 sq. ft.
279.92 sq. m. |
| Total Area |
3,013 sq. ft. 279.92 sq. m. |
| Garage/Carport Area |
666 sq. ft. 61.87 sq. m. |
| Lot Size Area |
0.159 acres
642.33 sq. m. |
| Year Built | 1949 |
| Parking Total | 5 |
| Parking Type |
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| Property Condition | Average |
| Utilities |
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| Views |
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| Inclusions |
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| Flooring |
|
| Item | Details (Information deemed reliable, but not guaranteed.) |
|---|---|
| Amenities |
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| Architectural Style |
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| Construction Materials |
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| Easements |
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| Location | Corner |
| Lot Features |
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| Roof | Aluminum/Steel, Asphalt Shingle, Composition, Other |
| Stories | One |
| Attribution Contact | Keller Williams Honolulu: (808) 596-2888 |
| Item | Details (Information deemed reliable, but not guaranteed.) |
|---|---|
| Current Price | $2,460,000 FS - Fee Simple |
| Price / Sq. Ft. | $816.46 / Sq. Ft. |
| Land Tenure | FS - Fee Simple (You own the land.) |
| Tax Assessed Value | $2,460,000 |
| Tax Assessed Value Improvements | $209,500 |
| Tax Assessed Value Land | $2,250,500 |
| Tax Exemption Owner Occupancy | $0 |
| Tax Amount | $2,542 / Month |
| Tax Year | 2023 |
| TMK (Tax Map Key) | 1-3-1-012-015-0000 |
| Item | Details |
|---|---|
| City | Honolulu |
| Neighborhood | Kapahulu |
| Zip Code | 96815 |
| Zoning | 32 - B-2 Community Business Dis |
| Flood Zone | Zone X |
