6 unit apartment building in the highly sought-after neighborhood of Kapahulu. The concrete block building consists of 3 one-bedroom and 3 two-bedroom units, each accompanied by washer/dryer hookups in each unit. The building boasts 7 covered parking stalls! Separate electrical meters. Current rents are positioned below market, presenting a significant opportunity for a buyer to enhance returns through interior upgrades. The roof was recoated 2 years ago. Located behind Market City Shopping Center and just down the street from Kilohana Square, residents enjoy easy access to Kapahulu Avenue's vibrant array of restaurants and the convenience of nearby bus lines. Its proximity to the freeway, Waikiki, and the University of Hawaii makes it an ideal choice for a diverse array of tenants. This is a prime opportunity to own a piece of Kapahulu, a location that blends accessibility with the charm of Honolulu's beloved neighborhoods.
Closed
$1,900,000
2824 Kihei Pl, Honolulu, HI 96816
--beds
0baths
3,584sqft
Multi Family
Built in 1967
-- sqft lot
$1,960,500 Zestimate®
$530/sqft
$2,325 Estimated rent
Home value
$1,960,500
$1.73M - $2.22M
$2,325/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Erik K Taniguchi 808-285-3422,
Keller Williams Honolulu
Bought with:
Paul D Sebastian, RS-75423
Agora Hawaii
Source: HiCentral MLS,MLS#: 202403543
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Appliances
- Laundry: In Unit
Interior area
- Total structure area: 3,584
- Total interior livable area: 3,584 sqft
Property
Parking
- Total spaces: 7
- Parking features: Assigned
Features
- Levels: Two
- Stories: 2
- Has view: Yes
- View description: City, Garden
- Frontage type: Other
Lot
- Features: Interior Lot, Other, Level
- Topography: Level
Details
- Parcel number: 1270300510000
- Zoning description: 12 - A-2 Medium Density Apartme
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Concrete
Condition
- Average Condition
- Year built: 1967
- Major remodel year: 1968
Utilities & green energy
- Sewer: Connected
- Utilities for property: Above Ground Utilities, Cable Available, Electricity Available, Sewer Available, Water Available, Sewer Connected
Community & HOA
Community
- Features: None, Storage Facilities
- Subdivision: Kapahulu
Location
- Region: Honolulu
Financial & listing details
- Price per square foot: $530/sqft
- Tax assessed value: $1,847,900
- Annual tax amount: $6,435
- Date on market: 2/13/2024
- Total actual rent: 6200
Price history
| Date | Event | Price |
|---|---|---|
| 3/12/2024 | Sold | $1,900,000+5.6%$530/sqft |
Source:  HiCentral MLS #202403543 Report a problem | ||
| 3/12/2024 | Pending sale | $1,800,000$502/sqft |
Source: HiCentral MLS #202403543 Report a problem | ||
| 2/23/2024 | Contingent | $1,800,000$502/sqft |
Source: HiCentral MLS #202403543 Report a problem | ||
| 2/14/2024 | Listed for sale | $1,800,000$502/sqft |
Source: HiCentral MLS #202403543 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,468 +0.5% | $1,847,900 +0.5% |
| 2024 | $6,435 +4.7% | $1,838,700 +4.7% |
| 2023 | $6,147 +2.5% | $1,756,300 +2.5% |
| 2022 | $5,999 +6.1% | $1,714,100 +6.1% |
| 2021 | $5,652 -2% | $1,614,900 -2% |
| 2020 | $5,768 +6.5% | $1,648,100 +6.5% |
| 2019 | $5,415 +8.1% | $1,547,200 +8.1% |
| 2018 | $5,012 +7.4% | $1,431,900 +7.4% |
| 2017 | $4,667 +9% | $1,333,400 +9% |
| 2016 | $4,282 +8.1% | $1,223,400 +8.1% |
| 2015 | $3,962 | $1,131,900 +5.4% |
| 2014 | -- | $1,074,300 +3.3% |
| 2013 | -- | $1,040,100 |
Find assessor info on the county website
Neighborhood: Kapahulu
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Nearby schools
GreatSchools rating
- 5/10Prince Jonah Kuhio Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 7/10President George Washington Middle SchoolGrades: 6-8Distance: 1.5 mi
- 3/10Kaimuki High SchoolGrades: 9-12Distance: 0.2 mi
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- Hawaii
- Honolulu County
- Honolulu
- 96816
- Kapahulu
- 2824 Kihei Pl
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