703 Kihapai Place
Kailua, HI 96734
$1,939,000
Price
8
Beds
2,080 Sq. Ft.
$932 / Sq. Ft.
2,080
Sq. Ft.
$932
per Sq. Ft.
Description
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...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 Single Family MLS#202421899.
- Listed by Tony Groman • License #RB-22279 • Town and Country Real Estate • (808) 389-4004
- Listed by Evelina Zivatkauskaite • License #RB-23589 • Town and Country Real Estate • (808) 389-4004
Property Details for 703 Kihapai Place
View
Mountain, Other
Zoning12 - A-2 Medium Density Apartme
NeighbourhoodCOCONUT GROVE
Flood ZoneZone AH
Stories/LevelsOne
Land TenureFS - Fee Simple
LISTING UPDATED: 10/14/2024 09:26 AM
Property Details for 703 Kihapai Place
| Status | Active |
|---|---|
| MLS # | 202421887 |
| Days on Market | 79 |
| Taxes | $436 / month |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Multi-Family |
| Year Built | 1956 |
| Lot Size | 0.14 AC / 6,000 SF |
| County | Honolulu County |
Building Information for 703 Kihapai Place
Stories-Residences4Year Built1956Building Size-Lot Size0.14 AC / 6,000 SF
Property Information for 703 Kihapai Place
Summary
Location and General Information
- Topography: Level
- City: Kailua
- County Or Parish: Oahu
- State Or Province: HI
- Location: Cul-De-Sac, Dead End
Taxes and HOA Information
- Tax Amount: $436.00
- Tax Assessed Value: $1,495,100.00
- Tax Assessed Value Improvements: $183,100.00
- Tax Assessed Value Land: $1,312,000.00
- Tax Year: 2024
- Parcel Number: 1-4-3-058-040-0000
- HOA YN: No
Parking
- Parking Features: Open
- Parking Total: 5
- Other Parking Features: None
Property
Lot Information
- Property Frontage: Other, Stream/Canal
- Property Sub Type: Multi-Family
- Property Type: Multi-Family
- SQFT Building: 2080.0
- Sqft Total: 2080.0
- Land Recorded: Land Court
- Lot Features: Clear
- Lot Size Area: 6000.0
- Year Built: 1956
- Year Remodeled: 1990
- Building Type: Duplex, Multi Dwellings
Property and Assessments
- Documents: Lease Documents
- Photo Count: 20
- Property Condition: Above Average, Average
- Special Listing Conditions: None
- Disclosures: 1031 Exchange, Call Listor, Licensed Owner, Listor Owner, Pet on Property, Property Disclosure Stmt
- Foreclosure: No
- Set Backs: C&C
- Supplement Count: 0
- TMK Area: 143
- TMK Condo Property Regime Number: 0
- TMK Division: 1
- TMK Parcel: 40
- TMKPLAT: 58
- TMK Section: 3
- TMK Zone: 4
Utilities
- Utilities: Cable, Internet, Overhead Electricity, Public Water, Sewer Fee
- Sewer: Connected
- Utilities Meters: Electric, Water
Interior and Exterior Features
Exterior Features
- Amenities: None
- Construction Materials: Above Ground, Single Wall
- Easements: None
- Elevators Number Of: 0
- Recreation Facilities: None
- Roof: Composition
Interior Features
- Furnished: None
- Laundry Facilities: Individual
Multi Family
Multi-Family Information
- Studio Units Number Of: 0
- Unit One Number Of Bed: 0
- Unit Three Number Of Bed: 0
- Unit Two Number Of Bed: 4
- Number Of Units Total: 4
Income & Expenses
- Total Annual Operating Expenses: $17,767.00
- Total Income: $104,100.00
- Expenses Include: Excise Tax, Insurance, Other, Property Tax, Sewer Fee
- Net Operating Income: $86,333.00
- Other Income: $.00
Agent
Sale and Listing
- DOM: 78
- Immoviewer: No
- Listing Service: Full Service
- MLS: HI Central
- MLS Area Major: Kailua
- Status: Active
- Public Remarks: 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 Single Family MLS#202421899.
- Possession: At Closing, Subject To Tenancy
Showing and Remarks
- Showing Instructions: Two Day Notice Reqd, Appointment Only, Call Listor, Listor Must Be Present
Rental
Rent Information
- Tenants Responsibilities Include: Cable TV, Electricity
- Total Actual Rent: $8,675.00
Property History for 703 Kihapai Place
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 703 Kihapai Place
Taxable ValueLand$1,312,000Additions$183,100Total$1,495,100
Tax Record2023$5,218 ($435 / month)
Home Facts
Total Finished SqFt2,080 SqFtAbove Grade Finished SqFt2,080 SqFtStories1Lot Size6,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1956Year Renovated1990ZoningA-2 APARTMENTCountyHONOLULUAPN1-4-3-058-040
Schools near 703 Kihapai Place
This home is within Hawaii Department Of Education.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 7 to 12 |
Rating | School | Distance |
|---|---|---|
Kailua Elementary School PublicPK to 6 | ||
Kailua Intermediate School Public7 to 8 | ||
Kalaheo High School Public9 to 12 | ||
Olomana School Public7 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.
Listing Courtesy of Town and Country Real Estate, Tony Groman, License #RB-22279; Town and Country Real Estate, Evelina Zivatkauskaite, License #RB-23589