$599,000

87-118 Alapaki Street, Waianae, HI 96792

  • 4 beds |
  • 2 baths |
  • 1,245 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1942
  • Property Lot Size Icon4,792sqft lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $481/sqft
  • Property List Date Icon Listed 9 months ago

Property Description

TWO DETACHED HOMES FOR THE PRICE OF ONE! LEGAL non-conforming Two-Homes-One-One-Lot property a stone's throw from beautiful, white-sand Tumblelands beach! Live in one and rent the other to help pay the mortgage. Both detached homes have newly painted exteriors and are located on one 5,000 sq. ft. lot (NOT A CPR) with separate electric meters (one water meter), separate walkways, individual water heater hookups, and separate fully-fenced yards. Front home 916 sq. ft., single wall construction with 3 bedrooms, 1 bath, newer roof (2019), kitchen, living room, driveway, storage, and mango and citrus trees. Back home: Approx. 329 sq. ft., double-wall construction with 1 bedroom, 1 bath, kitchen, living room, and huge lanai. Perfect property for investors, multi-family, and owner occupant(s) that want to live in one home and rent out the other home. One range electrical outlet and one water heater need replacing. Close to Waianae Comp hospital, restaurants, beaches. Room counts and square footage in MLS do not match tax records. Potential CAP RATE about 6% with pro-forma rents of $1,800/mo and $2,200/mo respectively and insurance and property tax expenses.

Listing Status:
Active
Date Added:
March 17, 2025 at 05:00AM
Listing Office:
Locations LLC : (808) 690-9555
MLS ID:
202505421
  • General: Bedroom on Main LevelFull Bath on Main Level
  • Flooring: CarpetLaminateVinyl
  • Style: DetachedMultiplex
  • Pool: None
  • Parking: DrivewayTwo Car GarageTwo SpacesOn StreetParking spaces: 2
  • General: Double WallSingle WallWood Frame1
  • Road/Access: Private Road
  • HOA Amenities: None
  • Originating MLS: HICMLS
  • County: Oahu
  • Topography: Level
  • Zoning: 1-8-7-011-047-0000
  • View: Mountain(s)View
  • Fencing: FencedWall
  • Utilities: Above Ground UtilitiesCable AvailableElectricity AvailableHigh Speed Internet AvailableOtherSewer AvailableWater Available
  • Water: Public
  • Source: HICMLS

This listing courtesy of Locations LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Maili Elementary School

87-360 Kulaaupuni St, Waianae, HI, 96792

Grades PK-6

0.56 miles away

W

Waianae Intermediate School

85-626 Farrington Hwy, Waianae, HI, 96792

Grades 7-8

2.07 miles away

K

Kamaile Academy Public Charter School

85-180 Ala Akau St, Waianae, HI, 96792

Grades PK-12

2.39 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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