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703 Kihapai Place, Kailua, HI, 96734
Home in Coconut Grove
$1,939,000Est. $10,756/mo
8 bed · 4 bath · 2,080 sqft
  • Active Actively looking for buyers.
  • Fee SimpleYou own the property outright.
  • 42 daysListed 10/11. Last updated 10/14.
  • Built in 1956Built 68 years ago.
Shay Kusumoto

Shayna Kusumoto

Compass | RS-85783
Message Shay about this property

What this home offers

A2 zoned 6,000sq ft lot with two duplexes (4 units total, current total rental income $8,675 per month) just a few blocks away from Kailua town. Beautiful mountain views and Maunawilli stream frontage. Walking distance to shops and restaurants, easy access to the Pali Highway. Each unit is a 2bed/ 1bath. 4 electric meters, recently applied for permitting to upgrade all 4 electric meters to 100amp each. One water meter, recently upgraded all water supply lines to copper. The average rent per unit currently is approx $2,169/month. Some rents are below market value. Great tenants, all of them currently are on month-to-month leases and would love to stay. Current monthly expenses: $400 water, $75 yard service, $179 insurance. GE tax $390, property tax $436 per month. Zoning allows for a wide variety of development ideas with one of the lowest tax rates available in Hawaii. Sellers might do 1031 Exchange. Listor is a licensed real estate broker and one of the owners. Multiple tenants, please allow enough time to arrange it when scheduling a showing. Proof of funds/ pre-approval is requested before showing. Please do not disturb the tenants. Also listed in Multi Family MLS#202421887.

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Where you'll live

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703 Kihapai Place, Kailua, HI, 96734 is located in Coconut Grove on Oahu.

More about this home

  • Tax ID 1-4-3-058-040-0000
  • Taxes$436/mo
  • HOA Fee: $0/mo
  • Property Type Home
  • Tenure Fee Simple
  • Construction Above Ground, Single Wall
  • Flooring Laminate, Other
  • Roof Composition
  • Style Duplex,Multiple Dwellings
  • Year Built 1956
  • Lot Size 6,000 sqft
  • Views Mountain, Other
  • Parking 3 Car+
  • Occupied Tenant
About KailuaOpen and close this section

Single-family homes in Kailua sit on spacious lots basking in the balmy ocean breezes and tropical sunshine. There are many small subdivisions and enclaves comprising Kailua, from the elevated areas around Olomana to the beachfronts in Lanikai and on Kailua Bay. Many single-family homes are one-story cottage, bungalow, ranch, or plantation style, with a definite nod to the beach and ocean ambiance. Closer to the beaches are larger custom designs in homes. The casual beach town lifestyle also extends to condo and townhouse living in Kailua. View all homes for sale in Kailua.

Listing courtesy of Tony Groman from Town and Country Real Estate, MLS #202421899. Contact: (808) 389-4004.

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The most recently sold Single-Family Homes with 8 bedroom(s) nearest to 703 Kihapai Place and sorted by date, then price.

Date Sold Address Sold Price DOM Beds Baths SQFT
05/14/2024 322 Iliwahi Loop $1,885,000 52 8 4 4,235
05/28/2024 123 Kailuana Loop $26,000,000 176 8 11 8,178
08/27/2024 41-038 Ehukai Street $3,120,000 152 8 7 4,750
11/14/2023 3033 Lono Place $1,975,000 95 8 7 5,109
07/12/2024 2828A Lowrey Avenue $1,650,000 44 8 6 3,756
05/31/2024 2809 Henry Street $1,400,000 224 8 5 2,756
03/11/2024 2825 Pali Highway #B $1,275,000 173 8 4 3,159
11/08/2024 2728 A Rooke Avenue $1,350,000 57 8 5 2,271
07/27/2023 2127 Oahu Avenue $2,450,000 93 8 4 4,160
08/28/2024 2464 Kula Kolea Drive $1,038,600 68 8 3 1,944
10/13/2023 2246 Wilson Street $1,010,000 104 8 4 2,768
07/21/2023 902 University Avenue #C $1,875,000 436 8 3 2,520