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703 Kihapai Pl (Kalama Tract / Coconut Grove)

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703 Kihapai Pl, Kailua
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Call agent (808) 352-2469 or use contact form.
We are a team of licensed real estate agents with in-depth knowledge of the pros & cons of every Kailua neighborhood. For an informed decision when making your purchase, contact us here at Hawaii Living.
 
Description
A2 zoned 6,000sq ft lot with two duplexes (4 units total) just a few blocks away from Kailua town. Each unit is a 2bed/ 1bath. 4 electric meters, one water meter. Beautiful mountain views and Maunawilli stream frontage. Average rent per unit currently is approx $2,169/month. ($8,675 total per month). Current monthly expenses: approx $400 water, $75 yard service, $179 insurance. GE tax $390, property tax $436 per month. Sellers might do 1031 Exchange. Listor is a licensed real estate broker and one of the owners. Proof of funds/ pre-approval is requested prior to showing. Multiple tenants, please allow enough time to arrange it when scheduling a showing. Please do not disturb the tenants. Also listed as Multi-Family MLS #202401479.
Recent Activity
  • Feb 28, 2024 Listed at $2,050,000
  • Feb 02, 2022 Sold for $1,490,000
  • Dec 14, 2021 In Escrow
  • Nov 09, 2021 Back to Active
  • Nov 01, 2021 In Escrow
  • Sep 20, 2021 Listed at $1,490,000
  • Jul 09, 2021 Withdrawn / Canceled
  • Nov 17, 2020 Listed at $3,200,000
  • Apr 30, 2019 Withdrawn / Canceled
  • Feb 04, 2019 Price $3,080,000
  • Dec 19, 2018 Back to Active
  • Nov 23, 2018 In Escrow
  • Nov 15, 2018 Price $3,200,000
  • Nov 15, 2018 Listed at $3,400,000
  • May 22, 2017 Sold for $900,000
  • Mar 21, 2017 In Escrow
  • Mar 18, 2017 Listed at $900,000
Past Sales
Blog
More Details
  • Owner, Tax & Resale History
  • Price / ft²: $986
  • Year Remodeled: 1990
  • Zoning: 12 - A-2 Medium Density Apartme
  • Flood Zone: Zone AH
  • View: Mountain, Other
  • Furnished: None
  • Property Condition: Above Average,Average
  • Security Features: Key
  • TMK: 1-4-3-58-40-0
  • Tax Assessed Land: $1,312,000
  • Tax Assessed Improvements: $183,100
  • Tax Assessed Total: $1,495,100
  • Courtesy: Town and Country Real Estate / (808) 389-4004
  • MLS: 202404361
Ask Michelle a Question
Good to Know
See this aerial video of Coconut Grove and Kalama Tract homes.

For whatever reason the Hawaii real estate world often lumps these areas together, often putting them under the joint category of Coconut Grove/Kalama Tract. They shouldn't. These are very different neighborhoods. They may be next door each other, but these neighbors are easy to tell apart.

Coconut Grove is the more mauka area, one that begins roughly on the mauka side of Maluniu Ave, ending firmly at the preserved Kawainui Regional Park.

Kailua In Reach – The Homes of Coconut Grove
This is one of the most affordabl  .....
Read more.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on April 26, 2024. Information is deemed reliable but not guaranteed.
Other Kalama Tract / Coconut Grove Homes
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609 Olomana St
8 Bds | 8 Ba
2,960 ft²
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425C Hualani St
4 Bds | 2 Ba
1,512 ft²
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708 Oneawa St
2 Bds | 1 Ba
918 ft²
Other Oahu Homes
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1531 Akahele Pl
9 Bds | 4 Ba
3,623 ft²
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531 Wanaao Rd
7 Bds | 5 Ba
3,612 ft²
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2522 Halekoa Dr
4 Bds | 3 Ba
2,652 ft²
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252 Hakalau Pl
4 Bds | 2.5 Ba
1,692 ft²
3214 Esther St
8 Bds | 7 Ba
3,758 ft²
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4707 Matsonia Dr
4 Bds | 3 Ba
2,514 ft²
  • Asking Price: $2,050,000
Description
A2 zoned 6,000sq ft lot with two duplexes (4 units total) just a few blocks away from Kailua town. Each unit is a 2bed/ 1bath. 4 electric meters, one water meter. Beautiful mountain views and Maunawilli stream frontage. Average rent per unit currently is approx $2,169/month. ($8,675 total per month). Current monthly expenses: approx $400 water, $75 yard service, $179 insurance. GE tax $390, property tax $436 per month. Sellers might do 1031 Exchange. Listor is a licensed real estate broker and one of the owners. Proof of funds/ pre-approval is requested prior to showing. Multiple tenants, please allow enough time to arrange it when scheduling a showing. Please do not disturb the tenants. Also listed as Multi-Family MLS #202401479.
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on April 26, 2024. Information is deemed reliable but not guaranteed.
    • Feb 28, 2024 Listed at $2,050,000
    • Feb 02, 2022 Sold for $1,490,000
    • Dec 14, 2021 In Escrow
    • Nov 09, 2021 Back to Active
    • Nov 01, 2021 In Escrow
    • Sep 20, 2021 Listed at $1,490,000
    • Jul 09, 2021 Withdrawn / Canceled
    • Nov 17, 2020 Listed at $3,200,000
    • Apr 30, 2019 Withdrawn / Canceled
    • Feb 04, 2019 Price $3,080,000
    • Dec 19, 2018 Back to Active
    • Nov 23, 2018 In Escrow
    • Nov 15, 2018 Price $3,200,000
    • Nov 15, 2018 Listed at $3,400,000
    • May 22, 2017 Sold for $900,000
    • Mar 21, 2017 In Escrow
    • Mar 18, 2017 Listed at $900,000
    See this aerial video of Coconut Grove and Kalama Tract homes.

    For whatever reason the Hawaii real estate world often lumps these areas together, often putting them under the joint category of Coconut Grove/Kalama Tract. They shouldn't. These are very different neighborhoods. They may be next door each other, but these neighbors are easy to tell apart.

    Coconut Grove is the more mauka area, one that begins roughly on the mauka side of Maluniu Ave, ending firmly at the preserved Kawainui Regional Park.

    Kailua In Reach – The Homes of Coconut Grove
    This is one of the most affordabl  .....
    Read more.
    Other Kalama Tract / Coconut Grove Homes
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    609 Olomana St
    8 Bds | 8 Ba
    2,960 ft²
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    425C Hualani St
    4 Bds | 2 Ba
    1,512 ft²
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    708 Oneawa St
    2 Bds | 1 Ba
    918 ft²
    You do not own the land, but have the right to use the land until an expiration year. At expiration the ownership typically reverts back to the land owner.
    Buyer and Seller have reached an agreement and are under contract. However, the sale is still subject to one or more contingencies.
    We have handled many transactions for clients who purchase Hawaii real estate without visiting. By request, we can prepare thorough property videos to ensure you are familiar with every detail necessary. All documents can be signed remotely.
    Buyer and Seller have reached an agreement and are under contract. The sale is expected to close / record soon.
    We will be happy to work with you as a Buyer's agent. Call us to learn more: 808-943-9000.
    Note: A Seller's agent has a fiduciary responsibility towards the Seller. Working with a Buyer's agent objectives and goals are aligned, at no cost to you, the Buyer.
    Other fees could be a special assessment, reserve contributions etc.
    DOM = Days On Market. Our site shows listings immediately. A brand new listing may show DOM 2 or 3 days, if listing agent did not upload the same day listing agreement was executed.
    Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
    Learn about property tax rates.