We often see "rarely available" in remarks for Hawaii real estate, we believe 4775 Kahala Ave. is a once in a lifetime opportunity. 27,988 sq ft, of land, zoned R-5 on the ocean side of prestigious Kahala Ave. with private beach access. There are currently five (5) detached homes ranging from approx. 1200 to 2300 sf, permitted and built in 1982. New owner could live on the property and collect approx. $200,000 in gross rent, redevelop,(condominium conversion candidate), or completely start over. Options is the key word when describing 4775 Kahala Ave. Sale is subject to 1031 exchange.