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Kihapai Apartments 733 Kihapai Pl 8 Unit Apartment Building $5,240,976 CAD ($655,122 CAD/Unit) Kailua, HI 96734
Investment Highlights
- Unit Mix -- Features eight high-demand 2BR/1BA units (approx. 545 sq. ft. each)
- Stable Cash Flow -- The property is currently fully leased, benefiting from the robust demand driven by its location
- High Barriers to Entry -- Extremely limited land for new development ensures long-term value preservation and low vacancy rates
- Kailua Town Location -- Boasts a “Moderately Walkable” score of 70/100, with residents just a 6-to-9-minute walk from Kailua Town Center
- Off Street Parking -- Dedicated off-street parking, providing both tenant convenience
- Affluent Resident Base -- Kailua boasts some of the highest household incomes in the State of Hawaii
Executive Summary
Kihapai Apartments presents a rare opportunity to acquire a stabilized, 8-unit multi-family property in the core of Kailua Town.
Built in 1960 and situated at the end of a cul-de-sac, the property consists of eight (8) well-maintained 2-bedroom, 1-bathroom units. With a consistent history of 100% occupancy, this asset offers investors immediate cash flow with significant long-term appreciation potential in one of Hawaii’s most supply-constrained submarkets.
Built in 1960 and situated at the end of a cul-de-sac, the property consists of eight (8) well-maintained 2-bedroom, 1-bathroom units. With a consistent history of 100% occupancy, this asset offers investors immediate cash flow with significant long-term appreciation potential in one of Hawaii’s most supply-constrained submarkets.
Property Facts
| Price | $5,240,976 CAD | Building Class | C |
| Price Per Unit | $655,122 CAD | Lot Size | 0.19 AC |
| Sale Type | Investment | Building Size | 4,360 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.34/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | A-2 | ||
| Price | $5,240,976 CAD |
| Price Per Unit | $655,122 CAD |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 4,360 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.34/1,000 SF |
| Zoning | A-2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 1-4-3-058-046-0000 | Improvements Assessment | $472,679 CAD |
| Land Assessment | $2,532,524 CAD | Total Assessment | $3,005,204 CAD |
Property Taxes
Parcel Number
1-4-3-058-046-0000
Land Assessment
$2,532,524 CAD
Improvements Assessment
$472,679 CAD
Total Assessment
$3,005,204 CAD
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Kihapai Apartments | 733 Kihapai Pl
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