702 Prospect Street
Honolulu, HI 96813
- 4 beds
- 2 baths
- 1,364 sqft
- 4,814 sqft lot
- $1,759 per sqft
- 1935 build
- – on site
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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 1617 Alapai St, MLS #202121143 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.
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Last updated Jun 13, 2024
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MLS# 202121149 —
The Building
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Year Built:1935
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New Construction:No
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Construction Materials:Single Wall
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Architectural Style:Detach Single Family, Multiple Dwellings
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Stories:Two
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Roof:Asphalt Shingle
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SqFt Total:1,364 Sqft
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Roofed Living Space Sq.Ft.:1,364 Sqft
Interior
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Room Count:4
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Flooring:Other
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Inclusions:Other
Financial & Terms
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Financing:Cash, Conventional, Other
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Buyer Financing:Cash
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Land Tenure:FS - Fee Simple
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Possession:At Closing, Subject to Rental Lease
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Foreclosure:No
Location
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Location:Corner, Dead End
The Property
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Parcel Number:1-2-2-004-033-0000
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Property Type:Single Family
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Property Subtype:Single Family
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Property Condition:Fair
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Lot Size Area:4,814 Sqft
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Lot Features:Other
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View:City, Ocean
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Topography:Gentle Slope
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Zoning:12 - A-2 Medium Density Apartme
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Flood Zone:Zone X
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Set Backs:C&C
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Easements:None
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Road Frontage:Paved Rd
Listing Agent
- Contact info:
- Office phone:
- (808) 261-0350
Taxes
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Tax Year:2021
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Tax Amount:$292
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Tax Assessed Value:$1,000,600
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Tax Assessed Value Land:$923,500
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Tax Assessed Value Improvements:$77,100
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Tax Paid By Seller:No
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Tax Annual Amount:3504.00
Beds
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Total Bedrooms:4
Baths
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Total Baths:2
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Full Baths:2
The Listing
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Land Recorded:None
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Disclosures:Property Disclosure Stmt
Utilities
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Utilities:Cable, Connected, Internet, Overhead Electricity, Public Water, Telephone
The Community
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Neighbourhood:PUNCHBOWL AREA
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Association Fee Includes:None
Parking
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Parking Total:2
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Parking Features:2 Car, Garage, Street
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Max Internet Speed
Provided by BroadbandNow®
View a full reportThis is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
7/1/22
Jul 1, 2022
|
Sold | HI_CENTRAL_MLS | $2,400,000 | -27.3% |
3/9/22
Mar 9, 2022
|
Pending | HI_CENTRAL_MLS | $3,300,000 | |
8/21/21
Aug 21, 2021
|
Listed / Active | HI_CENTRAL_MLS | $3,300,000 |