Attention Contractors and Developers, a Unique and versatile property located in the heart of Pearl City is available now! Priced below assessed value, these rarely available homes offer endless potential for both homeowners and investors alike. Lot is 11,250 sf and zoned R-5, min. 5,000 sf. One could condo or subdivide the lot into two. Lot currently has three homes (one non-conforming), fully leased. These homes are ideal for extended families, multi-generational living, or rental income opportunities. The property is currently rented to three families at a significantly below-market rate on a short-term lease. With a level lot with ample parking and a flexible floor plan. All single-level homes. Need a bit of TLC. Great income property. Or splitting the lot into two 5,000 sf level lots with homes in place. BARGAIN PRICE. WILL GO FAST. PLEASE DO NOT DISTURB TENANTS. Private showings will not be scheduled until after July 7, 2025.
Property Condition: Average,Fair,Needs Major Repair
TMK: 1-9-7-21-34-0
Tax Assessed Land: $885,900
Tax Assessed Improvements: $224,500
Tax Assessed Total: $1,111,400
Courtesy: Avalon Realty LLC / (808) 587-7770
MLS: 202514511
About Pearl City / Pearlridge
Aiea & Pearlridge are often lumped together in Oahu real estate surveys for the obvious reason that they are so close together. So much so that any dividing line set down quickly runs into trouble somewhere. There's no acknowledged definitive point where one becomes the other. In spite of that, the two are distinctly different, so your preferences in a home will make clear where you should be looking.
Frankly, the defining factor between the two is Time. Aiea is a product of the 1950's & 60's Hawaii, a period when the Islands started to truly boom in the wake of the post-war surge in Americ... Read more
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on January 30, 2026.Information is deemed reliable but not guaranteed.
Attention Contractors and Developers, a Unique and versatile property located in the heart of Pearl City is available now! Priced below assessed value, these rarely available homes offer endless potential for both homeowners and investors alike. Lot is 11,250 sf and zoned R-5, min. 5,000 sf. One could condo or subdivide the lot into two. Lot currently has three homes (one non-conforming), fully leased. These homes are ideal for extended families, multi-generational living, or rental income opportunities. The property is currently rented to three families at a significantly below-market rate on a short-term lease. With a level lot with ample parking and a flexible floor plan. All single-level homes. Need a bit of TLC. Great income property. Or splitting the lot into two 5,000 sf level lots with homes in place. BARGAIN PRICE. WILL GO FAST. PLEASE DO NOT DISTURB TENANTS. Private showings will not be scheduled until after July 7, 2025.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on January 30, 2026.Information is deemed reliable but not guaranteed.
Aiea & Pearlridge are often lumped together in Oahu real estate surveys for the obvious reason that they are so close together. So much so that any dividing line set down quickly runs into trouble somewhere. There's no acknowledged definitive point where one becomes the other. In spite of that, the two are distinctly different, so your preferences in a home will make clear where you should be looking.
Frankly, the defining factor between the two is Time. Aiea is a product of the 1950's & 60's Hawaii, a period when the Islands started to truly boom in the wake of the post-war surge in Americ... Read more
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.
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Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
