1104 Palama ST, Honolulu, HI 96817
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1104 Palama ST, Honolulu, HI 96817
1104 Palama ST, Honolulu, HI 96817
1104 Palama ST, Honolulu, HI 96817
1104 Palama ST, Honolulu, HI 96817
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Julia Zhu

Julia Zhu

+1(808) 478-6218
Listed by Fogarty Realty, Inc.
$ 1,500,000
Est. payment /mo
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1104 Palama ST Honolulu, HI 96817

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Kapalama

MLS Listing ID 202612402

Construction Status Average Condition

HOA Y/N No

Year Built 1905

Annual Tax Amount $13,524

Property Sub-Type Multi Family

Property Description

Mixed-use investment opportunity in Kalihi featuring two buildings and nine residential rooms. The ground floor commercial unit has a CUP in place with roll-up door access and direct street frontage — suitable for retail, grocery, or light industrial use. Building B is currently occupied generating $4,000/month. Building A is actively under renovation. Priced at $1,500,000 with a stabilized cap rate of 7.8–9.0%. The surrounding Kalihi corridor has strong long-term redevelopment fundamentals. Conditional Use Permit (CUP) — Protected Commercial Use The commercial unit carries a CUP, securing its legal commercial operating status within the R-5 residential zone. This rare entitlement protects lender and tenant confidence and is a meaningful differentiator at this price point.

Location

State HI

County Oahu

Area Metro

Interior

Furnishings Unfurnished

Fireplace No

Appliance Dryer, Washer

Exterior

Parking Features Open

Community Features None

Utilities Available Cable Available, High Speed Internet Available, Sewer Available, Water Available, Sewer Connected

Waterfront Description Other

View Y/N No

View None

Total Parking Spaces 4

Building

Lot Description Cleared, Corner Lot, Level

Dwelling Type Multi Family

Entry Level Two

Sewer Connected

Water Public

Level or Stories Two

Construction Status Average Condition

Others

Tax ID 1-1-6-001-019-0000

Special Listing Condition None

Hawaii Central MLS (HiCentralMLS)
Julia Zhu

Julia Zhu

Agent

+1(808) 478-6218

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1104 Palama ST