Active
30 Cypress Avenue
Wahiawa HI, 96786
$3,995,000
$546.06 per sqft
Active
23 Beds
10 Baths
7,316 sqft
Multi-family
Built in 1934
Exceptional Investment Opportunity! Situated on 12,420 SF of A-2 zoned land, the property features ten units within four recently renovated dwellings--three duplexes and one fourplex. The fully hollow-tile fourplex consists of four 2-bed, 1-bath units, while one duplex includes a 3-bed, 1-bath unit and a 2-bed, 1-bath unit. Another duplex offers two 2-bed, 1-bath units, and the final duplex includes two 3-bed, 1-bath units. Currently, rented well below market value, this property offers incredible income potential. Designed for efficiency, all units are separately metered for electricity, and a coin-operated laundry room provides additional revenue. The property also includes 18 parking stalls. All structures were built between 1934 and 2009. With Bill 7 incentives, there is potential to develop up to 120 units or utilize standard A-2 zoning for flexibility and redevelopment. Whether you're looking to increase rental income, reposition the asset, or hold for long-term appreciation, this property offers endless possibilities. Buyers are advised to conduct their own due diligence and verify zoning and development opportunities with the appropriate experts.
202505301
MLSⓇ ID
February 15, 2025
Listed
February 21, 2025
Updated
Interior Features
Total Stories
1
Bedrooms
23
Total Bathrooms
10
Full Bathrooms
10
Interior Features
Bedroom on Main Level, Full Bath on Main Level
Floor Description
Ceramic Tile, Laminate
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.29 Acres
Lot Features
Corner Lot, Other, Level
Architectural Style
Detached, Multiplex, Duplex
Other Property Details
Area Name
Central
Taxes
$13,632
Tax Frequency
Annually
Days on Market
6
Garage
No
Parking
Driveway, Three or more Spaces, On Street
Parking Total
18
View
No
View Description
None
County
Oahu
Water Source
Public
Pool
No
Pool Features
None
Utilities
Above Ground Utilities, Electricity Available, Sewer Available, Water Available
Courtesy of Keller Williams Honolulu, Daniel K Ihara
Listing Contact: (808) 596-2888
Based on information from the Multiple Listing Service of HI - Honolulu Board of REALTORS® / HiCentral (HBR) listings last updated on 2/21/2025 11:46 PM UTC. Information is deemed reliable but not guaranteed. Copyright: 2025 by the Honolulu Board of REALTORS®/ HICentral. Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. The MLS may, at its discretion, require the use of other disclaimers as necessary to protect participants and/or the MLS from liability.
©2025 Honolulu Board of REALTORS®/ HICentral. All rights reserved.
Data last updated 11:46 PM UTC, 2/21/2025
