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408 N Kainalu Drive, Kailua, HI, 96734
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408 N Kainalu Drive, Kailua, HI 96734

$2,000,000  $85,000 Multi-Family Home cancelled 5,084 sqft Neighborhood:  Kalama Tract
5 min walk to North Kalaheo Avenue at Pueohala P
7 min walk to Kailua Beach
22 min walk to Castles
About lifestyles
"PRICE REDUCED" Great Multifamily or Investment Property, just two short blocks from Kailua Beach and in a corner lot. The spacious Main part of the House features 4 bedrooms, 3 bathrooms & pavilion, plus 3 additional living quaters. One ADU with 2 bedrooms 1 bath. One Upstairs space with 2 bedrooms 1 bath, and a spacious Studio cottage. All units have living rooms, separated entrances & private courtyards,. Among some other features of the property you will find a Spacious Pavilion, Perimeter Block fence, Mature landscaping, PV panels & solar water heather, 9 ft. ceilings, newer roof, a large storage & workshop, 2 carports & plenty of parking, and many updates and improvements. Enjoy Kailua living at best & get rental income too. Income figures are approximated. Schedule your private tour today.
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Multi-family details

1948 year built
  • Year Built 1948
  • Year Remodeled 2016
  • Original list price $2,185,000
  • Days on market 336
  • Building type Duplex,Multi Dwellings
  • Price per sqft $393/sqft
  • Address

    408 N Kainalu Drive, Kailua, HI, 96734

  • Frontage Other
  • Neighborhood Kalama Tract
  • Land tenure FS - Fee Simple
  • Land SqFt 10,000 sqft
  • View Garden, Mountain

Open Houses

No upcoming open houses

Monthly payment

Calculate your monthly payments
Mortgage
$10,198
Taxes
$453
HOA dues
$0
$10,651 per month
Mortgage
Down payment
$400,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount $10,198 / month

Neighborhood: Kalama Tract

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
no data
Local airport
no data
12.17 / 20
Somewhat walkable
18-20
15-18
10-15
1-10
Walkability according to the National Walkability Index

Unit Information

4 total units
# of 1 Bd
0
# of 2 Bd
2
# of 3 Bd
1
Total Units
4

Amenities & Features

4 parking places
Stories
One, Two
Furnished
Full
Roof
Asphalt Shingle
Construction
Double Wall, Single Wall, Wood Frame
Utilities
Cable, Internet, Overhead Electricity, Public Water, Sewer Connection Reqd, Sewer Fee, Water
Property Condition
Above Average
Parking
Covered, Open
nr.of parking places
4
Amenities
Storage

Income

Net Operating Income: $118,000
Total Actual Rent
$10,500
Total Annual Operating Expenses
$8,000
Total Income
$10,500
Net Operating Income
$118,000

Kalama Tract prices

Average price $603.09k
Neighborhood average sales price*
$603.09k
Neighborhood median sales price*
$549k
Number or sales*
49
Street median sales price*
$524k
*last 6 months

Schools

15 schools with rating up to 8
School rating Distance
NR
Hawaiian Mission Academy Windward Campus
160 Mookua Street, Kailua, HI 96734
Elementary School
0.349mi
NR
Hawaiian Mission Academy Windward Campus
160 Mookua Street, Kailua, HI 96734
Middle School
0.349mi
7
out of 10
Kalaheo High School
730 Iliaina St, Kailua, HI 96734
High School
0.859mi
School rating Distance
NR
Hawaiian Mission Academy Windward Campus
160 Mookua Street, Kailua, HI 96734
0.349mi
NR
St. Anthony Parish School
148 Makawao Street, Kailua, HI 96734
0.496mi
8
out of 10
Kainalu Elementary School
165 Kaiholu St, Kailua, HI 96734
0.556mi
6
out of 10
Kailua Elementary School
315 Kuulei Rd, Kailua, HI 96734
0.801mi
NR
Huakailani School for Girls
146 Hekili Street STE 104, Kailua, HI 96734
0.982mi
School rating Distance
NR
Hawaiian Mission Academy Windward Campus
160 Mookua Street, Kailua, HI 96734
0.349mi
NR
St. Anthony Parish School
148 Makawao Street, Kailua, HI 96734
0.496mi
8
out of 10
Kainalu Elementary School
165 Kaiholu St, Kailua, HI 96734
0.556mi
6
out of 10
Kailua Elementary School
315 Kuulei Rd, Kailua, HI 96734
0.801mi
8
out of 10
Kailua Intermediate School
145 South Kainalu Dr, Kailua, HI 96734
0.971mi
School rating Distance
7
out of 10
Kalaheo High School
730 Iliaina St, Kailua, HI 96734
0.859mi
5
out of 10
Kailua High School
451 Ulumanu Dr, Kailua, HI 96734
1.498mi
NR
Kailua Christian Academy
1276 Kailua Road, Kailua, HI 96734
1.719mi
2
out of 10
Ke Kula O Samuel M Kamakau - A Laboratory Public Charter School
45037 Kaneohe Bay Dr, Kaneohe, HI 96744
2.235mi
NR
Le Jardin Academy
917 Kalanianaole Hwy, Kailua, HI 96734
2.406mi
School ratings provided by Greatschools.org © 2023. All rights reserved.

Price history

Cancelled Apr 19, 2021
Date Event Price $/sqft Source
Apr 19, 2021 Cancelled $2,000,000 $393.39 MLS #202008076
Aug 3, 2020 Sold $2,000,000 $393.39 Public Record
Jun 1, 2020 Active Under Contract $2,000,000 $393.39 MLS #202008076
May 23, 2020 Price Decrease $2,000,000 -4.08% $393.39 MLS #202008076
May 9, 2020 Price Decrease $2,085,000 -4.58% $410.11 MLS #202008076
May 1, 2020 New Listing $2,185,000 $429.78 MLS #202008076
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Tax & MLS details 408 N Kainalu Drive, Kailua, HI, 96734

03 - R10 - Residential District zoning / MLS #202008076
Current Property Taxes p/month
$453
Property Tax Year
2019
Assessed Improvement value
$460,700
Assessed Land value
$1,230,000
TMK
1-4-3-025-013-0000
Land Recorded
Land Court
Zoning
03 - R10 - Residential District
Flood Zone
Zone X
Topography
Level
Location
Corner
Lot Description
Clear
Property Setbacks
None
Total Assessed value
$1,690,700
Listed by
Oahu International Realty
MLS #
202008076
Hawaii House tour report for this multi-family home
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Stunning views
Ocean views
Open floorplan
Needs Work
Street noise
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Frequently asked questions for 408 N Kainalu Drive

When was this multi-family home built and last sold?

This house was build in 1948.

What is the full address of this multi-family home?

408 N Kainalu Drive, Kailua, HI, 96734.

Are there beaches near 408 N Kainalu Drive?

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 Oahu International Realty. 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 June 22, 2023.
Hawaii House Last checked 1 minute ago.

Multi-Family Home cancelled $2,000,000  $85,000 408 N Kainalu Drive, Kailua, HI, 96734 5,084 sqft Save House Remove from Saved