| Description | Exceptional investment opportunity to acquire a six-unit residential portfolio consisting of six individual CPR units under separate TMKs (TMK 1-8-7-001-016: Units #2 through #7). This rare package offers investors the ability to purchase multiple income-producing units together under one ownership. The portfolio includes a mix of occupied and vacant units plus a vacant lot with 5000 sq ft lot, providing immediate rental income with additional upside potential through leasing and future value enhancement. Each unit has its own designated TMK and may offer flexibility for future investment strategies. Individual units are also available for sale under separate MLS listings. Portfolio includes: * Unit #2 – TMK 1-8-7-001-016-0002 MLS#202604530 * Unit #3 – TMK 1-8-7-001-016-0003 MLS#202604539 * Unit #4 – TMK 1-8-7-001-016-0004 MLS#202604705 * Unit #5 – TMK 1-8-7-001-016-0005 MLS#202604713 * Unit #6 – TMK 1-8-7-001-016-0006 MLS#202604725 * Unit #7 – TMK 1-8-7-001-016-0007 MLS#202604727 (vacant lot) A unique opportunity for investors seeking to expand their Hawaii real estate portfolio with a multi-unit residential investment. |
|---|---|
| Status | Active since 06-11-2026 |
| MLS# | 202611506 |
| Price | $1,950,000 |
| Original Price | $195,000,000 |
| Price Change | $-193,050,000 (-99.00%) |
| Studio Units | 0 |
| One Bed Units | 1 |
| Two Bed Units | 4 |
| Three Bed Units | 0 |
| Land Sq Ft | 30,000 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $0 |
| Address | 87-154 Kakalena Street CPR 2-7 Waianae HI 96792 |
| Region | Leeward |
| Neighborhood | Maili |
| Days on Market | 108 |
| Year Built | 1938 |
| Year Remodeled | 1960 |
| Condition | Fair,Needs Major Repair,Tear Down |
| View | None |
| Parking | Assigned, Open, Unassigned |
| Zoning | 00 - Residential |
| Flood Zone | Zone X |
| Elementary | Maili |
| Middle | Waianae |
| High | Waianae |
| Tax Amount | $800 |
| Assessed Land | $2,030,100 |
| Assessed Building | $660,000 |
| Assessed Total | $2,637,800 |
| Assessed Ratio | 74% |
| Utilities | Internet, Other, Public Water, Sewer Fee, Water |
| Construction | Above Ground, Other, Single Wall, Wood Frame |
| Lot Features | Clear |
| Disclosures | 1031 Exchange, Non Resident Owner, See Remarks |
| Land Recorded | Regular System |
| Possession | At Closing |
| Sale Conditions | None |
| Topography | Level |
| Roofing | Aluminum/Steel, Other |
| Easements | Other |
| Parcel # | 1-8-7-001-016-0000 |
| Listing courtesy of | Team Real Estate, Inc. |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 06-12-2026 | 202611506 | Price Decrease | $195,000,000 | $1,950,000 | $1,950,000 | $0 | $2,637,800 | $2,030,100 | $660,000 |
| 06-12-2026 | 202611506 | New Listing | A | $1,950,000 | $0 | $2,637,800 | $2,030,100 | $660,000 | |
| 02-18-2002 | 2104893 | Price Decrease | $480,000 | $425,000 | $480,000 | $425,000 | $1,033,500 | $913,900 | $119,600 |
| 02-18-2002 | 2104893 | Sold | C | S | $480,000 | $425,000 | $1,033,500 | $913,900 | $119,600 |
| 05-14-2001 | 2104893 | New Listing | A | $480,000 | $425,000 | $1,033,500 | $913,900 | $119,600 | |
| 10-19-2000 | 9907484 | Expired | C | X | $635,000 | $0 | $468,600 | $350,400 | $118,200 |
| 04-10-2000 | 9907484 | Price Decrease | $775,000 | $635,000 | $635,000 | $0 | $468,600 | $350,400 | $118,200 |
| 12-15-1999 | 9907484 | Price Decrease | $795,000 | $775,000 | $635,000 | $0 | $468,600 | $350,400 | $118,200 |
| 10-21-1999 | 9907484 | New Listing | A | $635,000 | $0 | $468,600 | $350,400 | $118,200 | |
| 01-30-1999 | 9802474 | Expired | A | X | $849,000 | $0 | $519,700 | $408,800 | $110,900 |
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