Bought with Oceans Real Estate
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1617 Alapai ST Honolulu, HI 96813
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Key Details
Sold Price $2,400,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,637 sqft
Price per Sqft $1,466
Subdivision Punchbowl Area
MLS Listing ID 202121143
Sold Date 07/01/22
Style Detached,Multiplex
Bedrooms 8
Full Baths 4
Construction Status Average Condition
Year Built 1939
Annual Tax Amount $4,176
Property Description
Special A2 zoned development opportunity. Located contiguous to the corner of Alapai/Prospect Sts, this property is being sold together with 702 Prospect St MLS # 202121149 for a total of 10,732 sq ft as part of an estate sale. These properties have not been marketed since 1953 and represent an ideal opportunity for redevelopment into higher density residential/apartment use and development under Bill 7. 702 Prospect and 1617 Alapai each contain 2 dwellings with 3 rental units each for a total of 6 rental units. The location is ideally located on the slope of Punchbowl. Buyer to do their own due diligence as to development ability.These properties are a very rare chance to own A2 zoned land in probably the most premier A2 zoned land on Oahu. A beautiful residential area with close proximity to Downtown and skyrocketing land values. Some of the units are on month to month rental agreements significantly below market value. Please do not disturb the occupants.
Location
State HI
County Oahu
Area Metro
Interior
Flooring Other
Fireplace No
Exterior
Parking Features Carport
Pool None
Utilities Available Above Ground Utilities, Electricity Available, High Speed Internet Available, Other, Phone Available, Water Available
View Y/N Yes
View City, Ocean
Total Parking Spaces 4
Building
Lot Description Dead End, Other
Entry Level Two
Water Public
Architectural Style Detached, Multiplex
Level or Stories Two
New Construction No
Construction Status Average Condition
Others
HOA Fee Include None
Tax ID 1-2-2-004-037-0000
Financing Cash
Special Listing Condition None
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