HUGE PRICE REDUCTION! Investor's gem in the highly desired Kaimuki area. This rare opportunity with a lot size of 15, 600 sq. ft. in a R-3.5 zone. The property currently has a total of 12 rental units (5 Studios, 6 One Bedroom, 1 Two Bedroom). 5 separate structures on a corner block of your own stretching from 3rd Ave to Palima Pl., across Pahoa Ave. Property has 11 individual electric meters, 11 individual gas meters, and 2 water meters. Conveniently located near freeway on/off ramps, handful of restaurants and businesses on Waialae Ave. & Kapahulu Ave, Market City Shopping Center, Kapahulu Shopping Center, Waikiki. Buyers to do their own due diligence. Photos with outlines are only for general guidelines and do not depict actual lot boundaries. ALL SHOWINGS ARE BY APPOINTMENT ONLY, PLEASE DO NOT ENTER THE PREMISES AND DISTURB THE TENANTS.
Property Features
Bathrooms
Appliances
- Laundry Features: In Unit
Heating and Cooling
- Cooling Features: Central Air
Interior Features
- Furnished Description: Partially
Land Info
- Lot Description: Level
- Lot Size Acres: 0.3581267
- Topography: Level, Sloping
- Lot Size Square Feet: 15600
Garage and Parking
- Open Parking: Yes
- Parking Features: Open
- Parking Total: 12
Home Features
Homeowners Association
- Association Fee Frequency: Monthly
- Association Fee 2 Frequency: Monthly
Multi-Unit Info
Rental Info
- Tenant Pays: Electricity, Gas
Other Property Info
- Annual Tax Amount: 10368.00
- Source Listing Status: Active
- County: Oahu
- Source Property Type: Residential
- Area: DiamondHd
- Property Subtype: condo
- Source Neighborhood: KAIMUKI
- Parcel Number: 1-3-2-010-048-0000
- Postal City: Honolulu
- Subdivision: KAIMUKI
- Zoning Description: 07 - R-3.5 Residential District
- Property Subtype: Multi Family
- Source System Name: C2C
Commercial Info
- Net Operating Income: 162023
- Operating Expense: 32197
- Operating Expense Includes: Insurance, Maintenance, Real Estate Tax
Building and Construction
- Year Built: 1942
- Construction Materials: Single Wall
- Levels: One, Two
- Property Age: 83
- Property Condition: Average Condition
- Levels or Stories: 1
- Structure Type: Multi Family
Utilities
- Sewer: Connected
- Above Ground Utilities
- Cable Available
- Electricity Available
- Natural Gas Available
- High Speed Internet Available
- Water Available
- Sewer Connected
- Water Source: Public