Hawaii Living

98-161 Kaluamoi Pl (Waimalu)

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Photo 1 of 98-161 Kaluamoi Pl, Pearl City
98-161 Kaluamoi Pl, Pearl City
Selling or Buying in Waimalu?
Call/Text Michelle (808) 352-2469 or send a message using the form below.
Description
Amazing Investment Opportunity! Fully Rented, turn-key 4 Plex, excellent CAP rate w/room to increase revenue. This 2 story multi unit, CMU base building consists of [4] 2 bedroom/1 bathroom units (2-upstairs, 2-downstairs) with separate electric meters/water heaters, individual washer hook ups and 4 covered parking stalls. This is an area renters are actively seeking. Conveniently located in desirable Aiea near Blaisdell Park and its populated bike path filled with daily visitors. This rare find offers Pearl Harbor views, easy access to freeways, shopping, dining and activities. The seasoned, long term tenants would love to stay and are ready to write their checks directly to you. Total monthly rent is $4705, calculated to over 4% Capitalization rate. There's room to grow the return as current rents for similar sized units (658 SF) are going for more. Building is easy to manage, low maintenance with one water meter. Where else can you find a ready to go, cash flowing, investors Paradise? Act quickly, deals like this don't last long. Property is being sold strictly As-Is, Sellers will not make any repairs or credits. Please do not disturb the tenants.
Past Activity
  • May 10, 2023 Sold for $1,105,000
  • Apr 10, 2023 Under Contract
  • Mar 24, 2023 Listed at $995,000
More Details
  • Owner, Tax & Resale History
  • Price / ft²: $410
  • Zoning: 05 - R-5 Residential District
  • Flood Zone: Zone X
  • View: Ocean
  • Property Condition: Average
  • TMK: 1-9-8-21-18-0
  • Tax Assessed Land: $894,000
  • Tax Assessed Improvements: $80,600
  • Tax Assessed Total: $974,600
  • Courtesy: Keller Williams Honolulu / (808) 596-2888
  • MLS: 202306615
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 16, 2025.Information is deemed reliable but not guaranteed.
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  • Sold 5/10/23 at $1,105,000
    (List Price: $995,000)
Description
Amazing Investment Opportunity! Fully Rented, turn-key 4 Plex, excellent CAP rate w/room to increase revenue. This 2 story multi unit, CMU base building consists of [4] 2 bedroom/1 bathroom units (2-upstairs, 2-downstairs) with separate electric meters/water heaters, individual washer hook ups and 4 covered parking stalls. This is an area renters are actively seeking. Conveniently located in desirable Aiea near Blaisdell Park and its populated bike path filled with daily visitors. This rare find offers Pearl Harbor views, easy access to freeways, shopping, dining and activities. The seasoned, long term tenants would love to stay and are ready to write their checks directly to you. Total monthly rent is $4705, calculated to over 4% Capitalization rate. There's room to grow the return as current rents for similar sized units (658 SF) are going for more. Building is easy to manage, low maintenance with one water meter. Where else can you find a ready to go, cash flowing, investors Paradise? Act quickly, deals like this don't last long. Property is being sold strictly As-Is, Sellers will not make any repairs or credits. Please do not disturb the tenants.
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 16, 2025.Information is deemed reliable but not guaranteed.
    • May 10, 2023 Sold for $1,105,000
    • Apr 10, 2023 Under Contract
    • Mar 24, 2023 Listed at $995,000
    Other Waimalu Homes
    $995,000
    98-439 Ponohana Lp
    3 Bds | 2 Ba
    1,344 ft²
    $1,148,000
    98-219 Pahemo St
    6 Bds | 3 Ba
    1,896 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. 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.
    Learn about property tax rates.