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MLS: 202502604 (Active - For Sale)
 
Asking Price: $3,995,000 FS - Fee Simple
Type: Commercial
District: Central
Address: 30 Cypress Avenue, Wahiawa, HI
Neighborhood: Wahiawa Area
Beds: 0   Land Area: 12,420 SF
Parking: Assigned,On Site,Street
Amenities: Other
Days on Market: 46
Year Built: 1934
Easements: Other
Zoning: 12 - A-2 Medium Density Apartme
Land Recorded: Land Court
Property Taxes: $1,136
Assessed Value: $3,894,764
Assessed Ratio: 102.57%
Listing Courtesy: Keller Williams Honolulu
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Exceptional Investment Opportunity! Situated on 12,420 SF of A-2 zoned land, the property features ten units within four recently renovated dwellings—three duplexes and one fourplex. The fully hollow-tile fourplex consists of four 2-bed, 1-bath units, while one duplex includes a 3-bed, 1-bath unit and a 2-bed, 1-bath unit. Another duplex offers two 2-bed, 1-bath units, and the final duplex includes two 3-bed, 1-bath units. Currently, rented well below market value, this property offers incredible income potential. Designed for efficiency, all units are separately metered for electricity, and a coin-operated laundry room provides additional revenue. The property also includes 18 parking stalls. All structures were built between 1934 and 2009. With Bill 7 incentives, there is potential to develop up to 120 units or utilize standard A-2 zoning for flexibility and redevelopment. Whether you're looking to increase rental income, reposition the asset, or hold for long-term appreciation, this property offers endless possibilities. Buyers are advised to conduct their own due diligence and verify zoning and development opportunities with the appropriate experts.


 
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