About This Home
This 5-bedroom, 2-bathroom single family at 1104 Palama Street in Honolulu, HI is listed for $1,500,000 ($455 per sqft). Built in 1905, the home offers 3,296 sqft of living space on a N/A lot.
Key Features
- Built in 1905
- 2 stories
- 4 parking spaces
Property Details
Amenities
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.
Monthly Cost Estimate
$8,022/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1104 Palama Street
Honolulu, HI 96817
KAPALAMA
Property Details
Flooring
Construction
Views
Questions & Answers
This 5-bedroom, 2-bathroom single family at 1104 Palama Street is listed at $1,500,000 ($455/sqft). The estimated monthly payment is $8,023 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1905, 2 stories, 4 parking spaces.
This property is listed by Mike Tavepholjalern and can be reached at 8083885411.
