1637 Kewalo is a well-priced 7-unit multifamily property with an attractive unit mix and the perfect arrangement for a house hack. Live in one and rent out the rest! The property is excellently located in the heart of the popular Makiki neighborhood and features 5+ on-site parking stalls in addition to abundant street parking. Units are in classic condition, rents are under-market, and most tenants are month-to-month, providing an ideal set up for an investor to complete a value-add campaign and increase returns. The front building is architecturally interesting due to its 1937 vintage, and it boasts sizeable units. The back building is all concrete and was built in 1954. Whether youre an investor seeking value-add potential or a buyer looking to live in one unit and generate income from the rest, 1637 Kewalo offers endless possibilities. Schedule your showing today! Please do not go on the property without the listing agent. Seller would like to rent back the 2 bedroom unit for ~6 months
Property Features
Bathrooms
Land Info
- Lot Description: Irregular Lot, Level
- Lot Size Acres: 0.1258953
- Topography: Level
- Lot Size Square Feet: 5484
Garage and Parking
- Parking Features: Assigned
- Parking Total: 5
School Information
- Elementary School: Kaahumanu
- High School: Mckinley
- Middle School: Washington
Homeowners Association
- Association Fee Frequency: Monthly
- Association Fee 2 Frequency: Monthly
Multi-Unit Info
Rental Info
Other Property Info
- Annual Tax Amount: 5136.00
- Source Listing Status: Active
- County: Oahu
- Source Property Type: Residential
- Area: Metro
- Property Subtype: condo
- Source Neighborhood: MAKIKI AREA
- Parcel Number: 1-2-4-025-031-0000
- Postal City: Honolulu
- Subdivision: MAKIKI AREA
- Zoning Description: 12 - A-2 Medium Density Apartme
- Property Subtype: Multi Family
- Source System Name: C2C
Commercial Info
- Net Operating Income: 41197
- Operating Expense: 26003
- Operating Expense Includes: Insurance, Manager, Maintenance, Real Estate Tax, Water/Sewer
Building and Construction
- Year Built: 1937
- Building Area Total: 3403
- Construction Materials: Concrete, Wood Frame
- Levels: Two
- Property Age: 88
- Property Condition: Average Condition
- Levels or Stories: 2
- Structure Type: Apartment, Multi Family
- Total Area Sqft: 3403
Utilities
- Sewer: Connected
- Above Ground Utilities
- Electricity Available
- Sewer Available
- Water Available
- Sewer Connected
- Water Source: Public