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pecial A2 zoned development opportunity. Located contiguous to the corner of Alapai/Prospect Sts, this property is being sold together with 702 Prospect St MLS # 202121149 for a total of 10,732 sq ft as part of an estate sale. These properties have not been marketed since 1953 and represent an ideal opportunity for redevelopment into higher density residential/apartment use and development under Bill 7. 702 Prospect and 1617 Alapai each contain 2 dwellings with 3 rental units each for a total of 6 rental units. The location is ideally located on the slope of Punchbowl. Buyer to do their own due diligence as to development ability.These properties are a very rare chance to own A2 zoned land in probably the most premier A2 zoned land on Oahu. A beautiful residential area with close proximity to Downtown and skyrocketing land values. Some of the units are on month to month rental agreements significantly below market value. Please do not disturb the occupants.
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MLS
Public
Single Family
Single Family
ContemporaryProperty Type
Sub Type
1617 Alapai St1617 Alapai St
Honolulu HI 96813Honolulu Hawaii 96813
Metro Punchbowl AreaPunchbowl
naRoyal Elem
naCentral Int
naRoosevelt High
Kaimuki-McKinley-RooseveltComplex
Public SchoolsRank
Private SchoolGuide
nana Builder
MLS 202121143TMK 1-2-2-4-37Property ID
88 Bedrooms
44 Full Baths
00Half Baths
44Total baths
12Rooms
4na Parking
1,6371,637 Interior sf
0 Lanai sf
Other roofed sf
1,637Total sf
0 Gar/Cpt sf
5,9185,918 Land sf
$3,300,000 8/21/2021Original list
Sold Status
$2,400,000 Sold price
Fee SimpleFee SimpleTenure
NoFractional
19391939Year built
0 naRemodeled
$ 0
$ 0
$ 0
$ 0
Includes:
None
AOAO fee
AOAO other
Maint fee
AOAO total fees
City
Ocean
View
Gentle SlopeTopography
OtherLand Features
NoneRecorded
A-2 Medium Density ApartmeA-2Zoning
Zone - XFlood
Dead EndLocation
City & CountySetbacks
NoneEasements
FairCondition
OtherFlooring
Asphalt ShingleRoof
OtherInclusions
naExclusions
NonePool
naSecurity
naAmenities
naFrontage
Detach Single Family
Multiple Dwellings
Contemporary
Stories
Units
Architecture
naModel
Paved RdRoad
Connected
Internet
Overhead Electricity
Public Water
Telephone
Utilities
Single WallMaterials
TwoStoriesType
Disclosure StmtDisclosures
00Public Report
CarportParking
naAOAO Name
naAOAO Ph
naManagement Co Name
naManagement Co Ph
CashBuyer Financing
na1st Mortgagor
na1st Mortgage
na2nd Mortgagor
na2nd Mortgage
No/naForeclosure/Case#
20212020Property tax year
$ 1,080,800$ 1,137,700Land assessed
$ 111,400$ 111,100Building assessed
$ 0$ 0Home owner exemption
$ 1,192,200$ 1,248,800Total assessed RPAD
$ 348$ 364Tax per month rates
0Total rent
Building Permits
At Closing
Subject to Rental Lease
Possession
NoneSpecial
Cash
Conventional
Open
Other
Financing
naFurnished
NoNew development
MonthlyCost to own estimate:
$ 348Real Property Tax
$ 0Association Fee
$ 0Lease Rent
$ 348Cost to own
(ex Mortgage, Ins & Elec)
8/21/2021Active
8/21/2021Price change
3/6/2022Continue to show
naPending
naTemp withdrawn
naBack on market
naWithdrawn
7/1/2022Off market
7/5/2022Status change
naAdvertise
naAuction
Nathalie Mullinix R. U., Inc.Listing Brokerage Firm
8/21/2021Photos uploaded
8/21/2021Supplement Mod
hawaiihome.cc © is provided by
Hawaii Home + Commercial LLC
1888 Kalakaua Ave C312, Waikiki, Honolulu, HI 96815
DCCA PV License # RB-20174
 

Click for the BBB Business Review of this Real Estate in Honolulu HI
 
Principal Broker
Robin Charles Glass (R), MBA, eng.
DCCA PV License # RB-20173
Ph: (808) 358-1774
Fax: (866) 925-1467
Email: glassr@hawaiihome.cc
 
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