1104 Palama Street, Honolulu, HI 96817
- $1,500,000
- List Price
- $1,500,000
- Days on Market
- 32
- MLS#
- 202612402
- Status
- ACTIVE
- Type
- Multifamily
- Land Tenure
- FS - Fee Simple
- Neighborhood
- Kapalama
- Subdivision
- Kapalama
Property Description
Mixed-use investment opportunity in Kalihi featuring two buildings and nine residential rooms. The ground floor commercial unit has a CUP in place with roll-up door access and direct street frontage — suitable for retail, grocery, or light industrial use. Building B is currently occupied generating $4,000/month. Building A is actively under renovation. Priced at $1,500,000 with a stabilized cap rate of 7.8–9.0%. The surrounding Kalihi corridor has strong long-term redevelopment fundamentals. Conditional Use Permit (CUP) — Protected Commercial Use The commercial unit carries a CUP, securing its legal commercial operating status within the R-5 residential zone. This rare entitlement protects lender and tenant confidence and is a meaningful differentiator at this price point.
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Additional Information
- View
- None
- Appliances
- Dryer, Washer
- Lot Size
- 3,849
- Water
- Public
- Frontage
- Other
- Sewer
- Connected
- Topography
- Level
- Year Built
- 1905
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Listing courtesy of Fogarty Realty, Inc..
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