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98-161 Kaluamoi Place, Pearl City, HI 96782
15 min walk to Neal S. Blaisdell Park
21 min walk to Newtown Driving Range
About lifestyles
Amazing Investment Opportunity! Fully Rented, turn-key 4 Plex, excellent CAP rate w/room to increase revenue. This 2 story multi unit, CMU base building consists of [4] 2 bedroom/1 bathroom units (2-upstairs, 2-downstairs) with separate electric meters/water heaters, individual washer hook ups and 4 covered parking stalls. This is an area renters are actively seeking. Conveniently located in desirable Aiea near Blaisdell Park and its populated bike path filled with daily visitors. This rare find offers Pearl Harbor views, easy access to freeways, shopping, dining and activities. The seasoned, long term tenants would love to stay and are ready to write their checks directly to you. Total monthly rent is $4705, calculated to over 4% Capitalization rate. There's room to grow the return as current rents for similar sized units (650 SF) are going for more. Building is easy to manage, low maintenance with one water meter. Where else can you find a ready to go, cash flowing, investors Paradise? Act quickly, deals like this don't last long. Property is being sold strictly As-Is, Sellers will not make any repairs or credits. Please do not disturb the tenants.
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Multi-family details
1959 year built
- Year Built 1959
- Original list price $995,000
- Days on market 368
- Building type Fourplex
-
Address
98-161 Kaluamoi Place, Pearl City, HI, 96782
- Neighborhood Waimalu
- Land tenure FS - Fee Simple
- Land SqFt 5,000 sqft
- View Ocean
Open Houses
No upcoming open houses
Monthly payment
Calculate your monthly payments
Mortgage
$5,074
Taxes
$284
HOA dues
$0
Mortgage
Down payment
$199,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$5,074 / month
Neighborhood: Waimalu
Nearby & commute
Walkability
Coffee shops
—
no data
Bus stop
—
no data
Supermarket
—
no data
Costco
—
no data
Hospital
—
no data
Park
—
no data
Beach
—
no data
Elementary school
—
no data
Middle school
—
no data
High school
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no data
Local airport
—
no data
16.17 / 20
Very walkable
►
18-20
Most Walkable
15-18
Very walkable
10-15
Somewhat walkable
1-10
Car dependent
Walkability according to the National Walkability Index
Unit Information
4 total units
# of 1 Bd
0
# of 2 Bd
4
# of 3 Bd
0
Total Units
4
Amenities & Features
4 parking places
Stories
Two
Roof
Asphalt Shingle
Construction
Above Ground, Brick, Concrete, Single Wall, Slab
Utilities
Cable, Water
Property Condition
Average
Parking
Covered
nr.of parking places
4
Amenities
None
Income
Net Operating Income: $44,688
Total Actual Rent
$4,705
Total Annual Operating Expenses
$11,772
Total Income
$56,460
Net Operating Income
$44,688
Waimalu prices
Average price $1.02m
Neighborhood average sales price*
$1.02m
Neighborhood median sales price*
$650k
Number or sales*
9
Street median sales price*
$222k
*last 6 months
Schools
15 schools with rating up to 9
| School rating | Distance | |
|---|---|---|
| out of 10 |
Waimalu Elementary School
98825 Moanalua Rd,
Aiea, HI 96701
Elementary School
|
0.341mi |
| out of 10 |
Waimalu Elementary School
98825 Moanalua Rd,
Aiea, HI 96701
Middle School
|
0.341mi |
|
Calvary Chapel Christian School
98-1016 Komo Mai Drive,
Aiea, HI 96701
High School
|
1.019mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Waimalu Elementary School
98825 Moanalua Rd,
Aiea, HI 96701
|
0.341mi |
| out of 10 |
Waiau Elementary School
98450 Hookanike St,
Pearl City, HI 96782
|
0.736mi |
| out of 10 |
Pearl Ridge Elementary School
98940 Moanalua Rd,
Aiea, HI 96701
|
0.805mi |
| out of 10 |
Lehua Elementary School
791 Lehua Ave,
Pearl City, HI 96782
|
0.893mi |
| out of 10 |
Pearl City Elementary School
1090 Waimano Home Rd,
Pearl City, HI 96782
|
0.958mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Waimalu Elementary School
98825 Moanalua Rd,
Aiea, HI 96701
|
0.341mi |
| out of 10 |
Waiau Elementary School
98450 Hookanike St,
Pearl City, HI 96782
|
0.736mi |
| out of 10 |
Pearl Ridge Elementary School
98940 Moanalua Rd,
Aiea, HI 96701
|
0.805mi |
| out of 10 |
Lehua Elementary School
791 Lehua Ave,
Pearl City, HI 96782
|
0.893mi |
| out of 10 |
Pearl City Elementary School
1090 Waimano Home Rd,
Pearl City, HI 96782
|
0.958mi |
| School rating | Distance | |
|---|---|---|
|
Calvary Chapel Christian School
98-1016 Komo Mai Drive,
Aiea, HI 96701
|
1.019mi | |
| out of 10 |
Aiea High School
981276 Ulune St,
Aiea, HI 96701
|
1.797mi |
| out of 10 |
Pearl City High School
2100 Hookiekie St,
Pearl City, HI 96782
|
1.834mi |
| out of 10 |
Waipahu High School
941211 Farrington Hwy,
Waipahu, HI 96797
|
2.295mi |
| out of 10 |
Admiral Arthur W Radford High School
4361 Salt Lake Blvd,
Honolulu, HI 96818
|
2.714mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Cancelled May 10, 2023
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| May 10, 2023 | Cancelled | $995,000 | 0 | MLS #202306816 |
| May 10, 2023 | Back On Market | $995,000 | 0 | MLS #202306816 |
| Apr 10, 2023 | In Escrow - not showing | $995,000 | 0 | MLS #202306816 |
| Mar 24, 2023 | New Listing | $995,000 | 0 | MLS #202306816 |
Tax & MLS details 98-161 Kaluamoi Place, Pearl City, HI, 96782
05 - R-5 Residential District zoning / MLS #202306816
Current Property Taxes p/month
$284
Property Tax Year
2023
Assessed Improvement value
$80,600
Assessed Land value
$894,000
TMK
1-9-8-021-018-0000
Land Recorded
Regular System
Zoning
05 - R-5 Residential District
Flood Zone
Zone X
Topography
Level
Location
Inside
Lot Description
Clear
Property Setbacks
C&C
Total Assessed value
$974,600
Listed by
Keller Williams Honolulu
(808) 596-2888
(808) 596-2888
MLS #
202306816
Hawaii House tour report for this multi-family home
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Stunning views
Ocean views
Open floorplan
Needs Work
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Frequently asked questions for 98-161 Kaluamoi Place
When was this multi-family home built and last sold?
This house was build in 1959.
What is the full address of this multi-family home?
98-161 Kaluamoi Place, Pearl City, HI, 96782.
Are there beaches near 98-161 Kaluamoi Place?
No, there aren't.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 by HiCentral Mls, Ltd. Listing courtesy of Keller Williams Honolulu. Some active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation. Hawaii House Inc. is a real estate brokerage firm licensed to conduct business in the State of Hawaii. Information deemed reliable, but not guaranteed.
Listings last updated on May 09, 2023.
Hawaii House Last checked 1 minute ago.
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