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SOLD
MLS: 202503021
 
Asking Price: $1,700,000 FS - Fee Simple
Sold Price: $1,750,000
Sold Date: 04/10/2025
Type: Multi-Family
District: Metro
Address: 718 Kamuela Avenue, Honolulu, HI
Neighborhood: Kapahulu
Land Area: 6,000 SF
Parking: Assigned,Open,Tandem
Days on Market: 326
Year Built: 1950
Zoning: 12 - A-2 Medium Density Apartm
Land Recorded: Regular System
Property Taxes: $508,.70
Assessed Value: $1,744,100,.00
Assessed Ratio: 97.47%
Listing Courtesy: Agora Hawaii
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Investor/contractor ready at this exceptional location zoned A-2. Eight units totaling 11 bedrooms in 2 buildings sold below appraised value. Front building features ground level 2 x 1BD/1BA upstairs 1 x 2BD/1BA. Rear building features ground level 3 x 1BD/1BA upstairs 2 x 2BD/1BA. Outdoor covered area between 2 buildings could be configured for higher use. Separate meters for electric & gas, with 2 parking in front plus 3 tandem parking at the side. Pro forma assumes current rental with some general repairs. Excellent additional income potential with targeted improvements. Property sold in “As Is” condition to cash buyer only. Buyer to conduct own due diligence and seller will not credit or repair any items. See supplements for building sketch and pro forma. Do not enter the property but drive-by’s are welcome. First showing is Feb 7, please pre-register in SentriKey or ShowingTime.


 
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