703 Kihapai Place
Kailua, HI 96734
- 8 beds
- 4 baths
- 2,080 sqft
- $932 per sqft
- 1956 build
- – on site
A2 zoned 6,000sq ft lot with two duplexes (4 units total, current total rental income $8,675 per month) just a few blocks away from Kailua town. Beautiful mountain views and Maunawilli stream frontage. Walking distance to shops and restaurants, easy access to the Pali Highway. Each unit is a 2bed/ 1bath. 4 electric meters, recently applied for permitting to upgrade all 4 electric meters to 100amp each. One water meter, recently upgraded all water supply lines to copper. The average rent per unit currently is approx $2,169/month. Some rents are below market value. Great tenants, all of them currently are on month-to-month leases and would love to stay. Current monthly expenses: $400 water, $75 yard service, $179 insurance. GE tax $390, property tax $436 per month. Zoning allows for a wide variety of development ideas with one of the lowest tax rates available in Hawaii. Sellers might do 1031 Exchange. Listor is a licensed real estate broker and one of the owners. Multiple tenants, please allow enough time to arrange it when scheduling a showing. Proof of funds/ pre-approval is requested before showing. Please do not disturb the tenants. Also listed in Multi Family MLS#202421887.
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Last updated Jan 1, 2025
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MLS# 202421899 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1956
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New Construction:false
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Construction Materials:SingleWall
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Architectural Style:Multiplex,Duplex
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Structure Type:Duplex
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Stories:1
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Levels:One
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Security Features:KeyCardEntry
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Building Area Total:2080.0
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Year Built:1990
Interior
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Flooring:Laminate,Other
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Furnished:Unfurnished
Room Dimensions
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Living Area:2080.0
The Property
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Property Type:Residential
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Property Sub Type:Duplex
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Property Condition:AverageCondition,GoodCondition,UpdatedRemodeled
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Lot Size Area:6000.0
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Lot Features:Cleared,CulDeSac,DeadEnd,Level
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Zoning Description:12 - A-2 Medium Density Apartme
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Parcel Number:1-4-3-058-040-0000
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Topography:Level
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View:Mountains,Other
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View:true
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Road Frontage Type:CountyRoad
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Frontage Type:Canal,Other
Listing Agent
- Contact info:
- Agent phone:
- (808) 389-4004
- Office phone:
- (808) 389-4004
Taxes
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Tax Annual Amount:5232.0
Beds
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Bedrooms Total:8
Baths
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Bathrooms Total:4
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Bathrooms Full:4
Utilities
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Utilities:AboveGroundUtilities,CableAvailable,ElectricityAvailable,HighSpeedInternetAvailable,SewerAvailable,WaterAvailable
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Water Source:Public
The Community
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Subdivision Name:COCONUT GROVE
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Community Features:None
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Pool Features:None
Parking
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Parking Total:5.0
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Parking Features:ThreeOrMoreSpaces
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).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/12/24
Nov 12, 2024
|
Listed / Active | HI_CENTRAL_MLS | $1,939,000 | 30.1% (10.9% / YR) |
|
2/2/22
Feb 2, 2022
|
HI_CENTRAL_MLS | $1,490,000 |
