30 Cypress Avenue, Wahiawa HI, 96786

Active

30 Cypress Avenue

Wahiawa HI, 96786

$3,995,000

$546.06 per sqft

Active

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.

202505014

MLSⓇ ID

February 15, 2025

Listed

February 20, 2025

Updated

Interior Features

Total Stories: 1
Appliances: Dryer, Washer
Laundry Description: Coin-operated
Fireplace: No
Cooling: No
Heating: No

Exterior/Building Features

Lot Size: 0.29 Acres
Lot Features: Corner Lot, Other, Level
Architectural Style: Fourplex
Sewer: Connected

Other Property Details

Area Name: Central
Taxes: $13,632
Tax Frequency: Annually
Days on Market: 5
Garage: No
Parking: Assigned, Open, Tandem
Parking Total: 18
View: No
View Description: None
County: Oahu
Water Source: Public
Pool: No
Utilities: Above Ground Utilities, Electricity Available, Sewer Available, Water Available, Sewer Connected

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 2/20/2025 10:05 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.

Data last updated 10:05 PM UTC, 2/20/2025