87-1205 Paakea Road
Waianae, HI 96792
$1,800,000
Price
8
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Description
Great fourplex investment with single family homes and over 4 acres of land in Waianae. Five long term tenants include four single family homes and solar rental of land. This investment requires little to no maintenance due to long term and responsible tenants, never late on their rent.Great fourplex investment with single family homes and over 4 acres of land in Waianae. Five long term tenants include four single family homes and solar rental of land. This investment requires little to no maintenance due to long term and responsible tenants, never late on their rent.
- Listed by Julieanne Lam Phan • License #RB-19782 • Julieanne Lam Phan • (714) 655-1434
Property Details for 87-1205 Paakea Road
View
Mountain
Zoning56 - Country District
NeighbourhoodMAILI
Flood ZoneZone X
Stories/LevelsOne
Land TenureFS - Fee Simple
LISTING UPDATED: 12/28/2024 06:06 PM
Property Details for 87-1205 Paakea Road
| Status | Active |
|---|---|
| MLS # | 202427569 |
| Days on Market | 31 |
| Taxes | $547 / month |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Multi-Family |
| Year Built | 1940 |
| Lot Size | 4.42 AC / 192,545 SF |
| County | Honolulu County |
Building Information for 87-1205 Paakea Road
Stories-Residences4Year Built1940Building Size-Lot Size4.42 AC / 192,545 SF
Property Information for 87-1205 Paakea Road
Summary
Location and General Information
- Topography: Level
- City: Waianae
- County Or Parish: Oahu
- State Or Province: HI
- Location: Other
Taxes and HOA Information
- Tax Amount: $547.00
- Tax Assessed Value: $1,825,300.00
- Tax Assessed Value Improvements: $731,300.00
- Tax Assessed Value Land: $1,094,000.00
- Tax Year: 2024
- Parcel Number: 1-8-7-019-036-0000
- HOA YN: No
Parking
- Parking Features: None
- Parking Total: 4
- Other Parking Features: <10 Spaces
Property
Lot Information
- Property Frontage: Other
- Property Sub Type: Multi-Family
- Property Type: Multi-Family
- Land Recorded: None
- Lot Features: Other
- Lot Size Area: 192545.0
- Year Built: 1940
- Year Remodeled: 1975
- Building Type: Multi Dwellings
Property and Assessments
- Photo Count: 5
- Property Condition: Average
- Special Listing Conditions: None
- Disclosures: 1031 Exchange
- Foreclosure: No
- Set Backs: None
- Supplement Count: 0
- TMK Area: 187
- TMK Condo Property Regime Number: 0
- TMK Division: 1
- TMK Parcel: 36
- TMKPLAT: 19
- TMK Section: 7
- TMK Zone: 8
Utilities
- Utilities: Gas, Public Water
- Sewer: Cesspool, Other
- Utilities Meters: Electric, Gas, Individual
Interior and Exterior Features
Exterior Features
- Amenities: None
- Construction Materials: Above Ground
- Easements: Driveway
- Recreation Facilities: None
- Roof: Asphalt Shingle
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: $10,633.00
- Total Income: $63,372.00
- Expenses Include: Excise Tax, Insurance, Mgmt Fee, Property Tax, Repair Maintenance
- Net Operating Income: $52,739.00
- Other Income: $1,000.00
Agent
Sale and Listing
- DOM: 27
- Immoviewer: No
- Listing Service: Limited Service
- MLS: HI Central
- MLS Area Major: Leeward
- Status: Active
- Public Remarks: Great fourplex investment with single family homes and over 4 acres of land in Waianae. Five long term tenants include four single family homes and solar rental of land. This investment requires little to no maintenance due to long term and responsible tenants, never late on their rent.
- Possession: At Closing
Rental
Rent Information
- Tenants Responsibilities Include: Electricity
- Total Actual Rent: $4,650.00
Property History for 87-1205 Paakea Road
| 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 87-1205 Paakea Road
Taxable ValueLand$1,094,000Additions$731,300Total$1,825,300
Tax Record2023$6,564 ($547 / month)
Home Facts
Beds3Baths4Total Finished SqFt1,082 SqFtAbove Grade Finished SqFt1,082 SqFtStories1Lot Size192,545 SqFtStyleSingle Family ResidenceYear Built1940Year Renovated1975ZoningCOUNTRYCountyHONOLULUAPN1-8-7-019-036
Schools near 87-1205 Paakea Road
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 | |||
| Charter - | K to 8 |
Rating | School | Distance |
|---|---|---|
Maili Elementary School PublicPK to 6 | ||
Waianae Intermediate School Public7 to 8 | ||
Waianae High School Public9 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.
Listing Courtesy of Julieanne Lam Phan, Julieanne Lam Phan, License #RB-19782