87-1378 Akowai Rd

87-1378 Akowai Rd
Waianae, HI 96792

For Sale

Sold

Sold Price

$3,200,000 (FS)

List Price

$3,575,000 (FS)

Property Type:: Multi-Family
Studio Units:: 0
1-Bed Units:: 0
2-Bed Units:: 8
3-Bed Units:: 5

Land Area (sf):: 130,680
Living (sf):: --
Lanai (sf):: --
Other (sf):: --

Parking Stalls:: 25 - Assigned, Open

MLS #:: 202204852
Island:: Oahu
Region:: Leeward Coast
Neighborhood:: MAILI
TMK:: 1-8-7-017-028-0000

List Date:: March 14, 2022
Date Sold:: June 13, 2022

REMARKS:

Imagine all the possibilities with this 130, 680 sf estate! 3 full acres of R-5 zoned land, 9 existing structures totaling 13 units as it stands. Prime opportunity to redevelop this rarely available parcel. Ample room for additional structures or turn this into a private family compound. Unlike most, this parcel has numerous accesses. Ideally situated above the coastline, some homes feature premium ocean & sunset views year-round. 3 newly renovated homes and updates to others could make this the perfect addition to your portfolio. Ideally located on Oahu's emerging west coast with newly constructed Nanakuli Village Center & world renowned Ko'olina just minutes away. Golf, shopping, beaches & dinning all at your convenience. Talk about potential, this is what developers & investors dream of!

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PROPERTY INFORMATION:

Zoning:: 5 - R-5 Residential
Furnished:: --

Year Built:: 1950
Year Remodeled:: 2019

FINANCIAL INFORMATION:

Assd. Val. Land:: $438,900
Assd. Val. Imprv:: $470,200
Assd. Val. Total:: $909,100

Tax Year:: 2021
Monthly Taxes:: $265
Home Exempt.:: --

SCHOOLS:

Elem. School:: --
Middle School:: --
High School:: --

OTHER PROPERTY FEATURES:

Frontage:: --
View:: Coastline, Mountain, Ocean, Other, Sunset
Pool:: --
Amenities:: None
Inclusions:: --
Security:: --
Assn. Fee Inclusions:: --
Other Fee Inclusions:: --

Lot Description:: Flag Lot, Irregular, Other, Wooded
Topography:: Gentle Slope, Level
Number of Stories:: One, Two
Building Style:: --
Property Condition:: Above Average, Average, Fair
Construction:: Above Ground, Double Wall, Single Wall, Wood Frame
Roofing:: Asphalt Shingle
Floor Covering:: --

Disclosures:: 1031 Exchange, Pet on Property
Possession:: At Closing
Terms Accept.:: Cash, Conventional
Land Recorded:: Regular System

Exclusions:: --
Easements:: None
Set-Backs:: None

Compensation*:: 2.5
Compensation Type:: --

* The offer of compensation to cooperating brokers is made only to the Participants and MLS Subscribers of HICMLS or Participants and MLS Subscribers of other Reciprocating Boards as set forth in that certain Multiple Listing Service Reciprocal Agreement, as amended from time to time, which is incorporated herein by reference.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Tuesday, April 30, 2024. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of Polaris Pacific