84-290 Makaha Valley Road,Waianae, HI 96792
Waianae, HI 96792
Description
Great investment opportunity to own a beautiful 1-acre, fully permitted multi-unit, income-producing property located in the peaceful Makaha Valley! Property has 3 legal structures that were fully remodeled in 2024 & 2026: 1) 4 bed/ 2.5 bath main house with window A/C in the bedrooms 2) two-story concrete building - 5 bed/ 2 bath upstairs unit & 5 bed/ 2 bath downstairs unit 3) one-bedroom cottage with a detached single bedroom. This property currently generates $9,900 per month in rental income from three occupied units, with one additional vacant unit projected at $3,600 per month based on current market rent. Upon full occupancy, the projected gross rental income is $13,500 per month, or $162,000 annually. Because all units are legally permitted, the property should be evaluated not only by comparable residential sales, but also by its income-producing capability using an income approach. Lots of parking. Large deck to relax and entertain in the spacious backyard with mango trees and other fruit trees. Property is on cesspool. Near beaches, gas stations, bus lines. Tax records may not match, some unpermitted areas but original structures legal. Property to be sold AS IS.
Details
| MLS # | 202610829 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1974 |
| Days On Site | 80 |
| Listing Provided By | SC Realty, LLC | Vai Lan Lau |
Features
| Bed(s) | 15 |
|---|---|
| Bath(s) | 8 Total |
| SQ Feet | 4,384 |
| Car Port | Yes |
| Story(s) | 1 |
| Zoning | 56 - Country District |
| Property View | Mountains |
Exterior
| Construction Materials | Hollow Tile, Single Wall, Wood Frame |
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Interior
| Inclusions | AC Window Unit, Ceiling Fan, Dryer, Microwave Hood, Photovoltaic – Leased, Range/Oven, Refrigerator, Smoke Detector, Solar Heater, Washer |
|---|
Other
| Community Features | Deck Porch, Patio |
|---|
Taxes
| Property | 3696 |
|---|
Area Information
| State | HI |
|---|---|
| County | Oahu |
| City | Waianae |
| Zip Code | 96792 |
| Area | Oahu |
| Community Name | MAKAHA |
| Listing VS Median (in MAKAHA) | |
Price: $1,999,000 low | high Med: $297,000 sqft: 4,384 low | high Med: 809 $ / sqft: $456 low | high Med: $367 On site: 80 low | high Med: 95 | |
Market Activity 96792
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Learn More About This Property
| State | HI |
|---|---|
| County | Oahu |
| City | Waianae |
| Zip Code | 96792 |
| Area | Oahu |
| Community Name | MAKAHA |
| Listing VS Median (in MAKAHA) | |
Price: $1,999,000 low | high Med: $297,000 sqft: 4,384 low | high Med: 809 $ / sqft: $456 low | high Med: $367 On site: 80 low | high Med: 95 | |