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98-135 Lipoa Pl
Aiea, HI 96701

Multifamily Property For Sale · 36 Units

Investment Highlights

  • Stable cash flow with additional income from T-mobile antenna license, storage rentals, and coined laundry
  • Potential to redevelop the property with increased density under Transit-oriented development (TOD) Plan to modify the current zoning regulations
  • Rare waterfront property within the TOD Special District
  • Renovation of select units were completed in 2020
  • Walking distance to the future Pearlridge Rail Station (currently under construction) to add more regional and urban Honolulu accessibility
  • Near Pearlridge Center, Hawaii’s largest indoor shopping mall

PROPERTY FACTS

No. Units 36
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class C
Lot Size 0.74 AC
Building Size 24,720 SF
Average Occupancy 100%
No. Stories 4
Year Built 1966
Parking Ratio 1.53/1,000 SF

Unit Amenities

  • Heating
  • Tile Floors
  • Kitchen
  • Refrigerator
  • Range
  • Vinyl Flooring
  • Window Coverings

Site Amenities

  • Laundry Facilities
  • Property Manager on Site
  • Waterfront
  • Gated
  • Storage Space
  • Elevator

About 98-135 Lipoa Pl , Aiea, HI 96701

RARE WATERFRONT APARTMENT BUILDING

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 36 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1-9-8-014-025-0000
Land Assessment
$3,327,600
Improvements Assessment
$6,903,100
Total Assessment
$10,230,700

zoning

Zoning Code A-1
A-1
  • Listing ID: 18433864

  • Date on Market: 2/6/2020

  • Last Updated:

  • Address: 98-135 Lipoa Pl, Aiea, HI 96701

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