We are expert real estate agents who know Kakaako very well and have sold many homes in Honolulu. We would be happy to assist you too.
Description
Cash Cow. This property, located directly across the street from Honolulu Sheridan Community Park, and just down the street from Ala Moana Shopping Center, makes almost $9,000 a month with existing, in place leases. An excellent future development opportunity due to its Kakaako special district designation, bring your long-term plan while your short term investment produces an extremely attractive 5.3% cap rate return. Some units are below market, making this buy a no-brainer.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on January 23, 2026.Information is deemed reliable but not guaranteed.
Sold 12/29/17 at $1,385,000 (List Price: $1,380,000)
Description
Cash Cow. This property, located directly across the street from Honolulu Sheridan Community Park, and just down the street from Ala Moana Shopping Center, makes almost $9,000 a month with existing, in place leases. An excellent future development opportunity due to its Kakaako special district designation, bring your long-term plan while your short term investment produces an extremely attractive 5.3% cap rate return. Some units are below market, making this buy a no-brainer.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on January 23, 2026.Information is deemed reliable but not guaranteed.
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. The sale may be 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.
