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1139 Papaku Place, Honolulu, HI, 96814
Land in Makiki Area
$1,598,000Est. $9,008/mo
  • Active Actively looking for buyers.
  • Fee SimpleYou own the property outright.
  • 199 daysListed 10/26. Last updated 02/01.
Shay Kusumoto

Shayna Kusumoto

Compass | RS-85783
Message Shay about this property

What this land offers

EXCEPTIONAL INVESTMENT OPPORTUNITY: UNPRECEDENTED A-2 APARTMENT ZONED PROPERTY IN THE HEART OF MAKIKI! THIS EXTRAORDINARY OFFERING IS PRICED WELL BELOW THE 2023 REAL PROPERTY TAX LAND VALUE. FEATURING AN EXISTING WELL KEPT 3 BEDROOM/ 1 BATH SINGLE FAMILY HOME, IT ENJOYS A GREAT LOCATION JUST OFF THE MAIN THOROUGHFARE, SHARING A PAVED ROAD WITH THE POST OFFICE.WHAT MAKES THIS PROPERTY TRULY EXCEPTIONAL IS THE POTENTIAL FOR A BILL 7 REDEVELOPMENT PROJECT, ADDRESSING THE PRESSING NEED FOR AFFORDABLE HOUSING AND/OR THE POTENTIAL TO DEVELOP SENIOR CARE FACILITIES FOR OUR KAPUNA. UNDER BILL 7, YOU COULD BENEFIT FROM SUBSTANTIAL INCENTIVES, INCLUDING THE POSSIBILITY OF CITY GRANTS FOR UP TO $15.00 PER SQUARE FOOT UPON PROJECT COMPLETION. MOREOVER, THERE ARE NO PERMITTING OR UTILITY FEES TO WORRY ABOUT, POTENTIAL EXPEDITED PERMITTING & REMARKABLE 10 YEAR PROPERTY TAX EXEMPTION. SELLERS HAVE COPIES OF BUILDING PLANS SUBMITTED TO DPP FOR A 33 UNIT-6 STORY AFFORDABLE HOUSING PROJECT AND ARE AVAILABLE FOR REVIEW DURING SHOWINGS. BUYERS AND THEIR AGENTS SHOULD PERFORM THEIR DUE DILIGENCE AND REACH OUT TO THE DEPARTMENT OF PLANNING & PERMITTING AND HCDC.

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Where you'll live

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1139 Papaku Place, Honolulu, HI, 96814 is located in Makiki Area on Oahu.

More about this land

  • Tax ID 1-2-4-012-022-0000
  • Taxes$503/mo
  • HOA Fee: n/a
  • Property Type Land
  • Tenure Fee Simple
  • Lot Size 6,750 sqft
  • Views None
About HonoluluOpen and close this section

Honolulu homes come in a wide variety of styles and prices. While known for its luxury oceanfront estates, Honolulu has neighborhoods with affordable condos and modest homes for first-time buyers. Higher-priced inland homes on larger lots grace well-cared-for neighborhoods. As homes rise on hillsides, so do prices. Oceanfront luxury mansions and gated ridgeline estates with panoramic views are the most expensive homes in Honolulu. View all homes for sale in Honolulu.

Listing courtesy of Robert H Vernon from RE/MAX Honolulu, MLS #202324523. Contact: (808) 687-8900.

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04/04/2023 2006 Keeaumoku Street $3,800,000 203 35,612
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06/08/2023 1108 Alewa Drive $830,000 345 5,000
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04/12/2024 1037 Noble Lane $1,200,000 118 13,068
03/31/2023 1760 Palolo Avenue #A $500,000 20 2,550
11/30/2023 3596 Nipo Street $1,400,000 233 8,270
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09/28/2023 3601 Nipo Street $960,000 171 9,071