Bought with eXp Realty
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Key Details
Sold Price $2,700,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision Sunset Area
MLS Listing ID 202222250
Sold Date 12/22/22
Construction Status Excellent
HOA Y/N No
Year Built 1943
Annual Tax Amount $13,476
Property Description
Motivated Seller!! Previous Appraisal came in at 3 million prior to the $280K in renovations the sellers did. Immaculate multiple dwellings; Renovated in 2022 with high-end, luxury finishes. Total of 116 owned PV Panels!!!The property is in the heart of North Shore, across from Shark's Cove and the start of the bike path to Log Cabins, Pipeline, and Rocky Point. Just a few minutes bike ride to Sunset Beach or a short walk to Waimea Bay. Legal non-conforming 14 bedrooms and 7 full baths with R-5 zoning on over 10,0000 sqft lot with a total of 7 separate units, which has potential to generate impressive rental income. The zoning and lot size has the potential to CPR both homes! This is a one-of-a-kind property with ocean frontage, but without the ocean erosion issues and in Flood Zone X. The property has received permits to raise the back house 8ft and to the left to mimic the middle structure, which will provide ocean views from almost every unit and an extended carport and laundry room below. Ideal for investors with the potential to CPR. Don't miss out on this rare North Shore investment opportunity.
Location
State HI
County Oahu
Community Storage Facilities
Area North Shore
Interior
Furnishings Negotiable
Fireplace No
Appliance Dryer, Washer
Exterior
Garage Open
Community Features Storage Facilities
Utilities Available Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Septic Available, Water Available
Waterfront Yes
View Y/N Yes
View Coastline, Mountain(s), Ocean, Sunset
Parking Type Open
Total Parking Spaces 7
Building
Lot Description Cleared, Other, Level
Entry Level Two
Sewer Septic Tank
Water Public
Level or Stories Two
Construction Status Excellent
Others
Tax ID 1-5-9-011-025-0000
Financing Conventional
Special Listing Condition None
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