87-1055 Hakimo Road Hawaii MLS® #202617537 For Sale $1,350,000

$1,350,000

MLS® #: 202617537

87-1055 Hakimo Road

Waianae, HI 96792

$1,350,000

MLS® #: 202617537

87-1055 Hakimo Road

Waianae, HI 96792

Active

Rare investment opportunity featuring four detached single-family homes on an R-5 zoned lot. Ideal for investors, 1031 exchange buyers, or multi-generational living, this versatile property combines steady cash flow, privacy, and long-term value creation. The property includes two 3-bedroom and two 2-bedroom residences. Each home boasts its own private fenced yard and dedicated parking, providing tenants with single-family independence. Operating expenses remain exceptionally low as tenants pay all utilities—including water, sewer, gas, and electricity. Turnkey performance meets huge upside. Units A (3-bed) and B (2-bed) were renovated in 2025, commanding top-of-market rents. Currently operating at a 5.06% cap rate on $74,640 in annual income, bringing below-market units to prevailing rates unlocks an extra $15,600 annually, pushing the potential cap rate to 6.12%. Don't miss this well-maintained, high-yield asset!

MAKAHA 84-916 Hanalei Street, Waianae

$1,400,000

MLS® # 202614924

Asian Pacific Investments LLC

Cell: (808) 200-4001

Active

Brand new multi-family opportunity in the heart of Waianae! This property features two separate 3-bedroom, 2-bath units, each offering approximately 1,200 sq ft of interior living space plus a 400 sq ft two-car garage. Thoughtfully designed with modern construction and connected to City water and sewer. Each unit provides spacious living areas, functional layouts, and the convenience of individual garages. The garage spaces offer potential flexibility and may be converted into additional living area or ADU-style space (buyers to perform their own due diligence). Located just minutes from some of the most iconic beaches on the Waianae Coast, enjoy easy access to ocean activities, beautiful sunsets, and the relaxed west side lifestyle. Dining and entertainment are nearby at 604 restaurant + Provisions at Pokai Bay. According to current housing payment standards, 3-bedroom Section 8 vouchers in the area are approximately $3,300 per month (buyers to verify with the housing authority), making this an attractive property for investors seeking strong rental potential. CPR maps and architectural drawings are available. Estimated construction completion is end of June.

WAIANAE 85-1020 Mill Street A & B, Waianae

$1,575,000

MLS® # 202605176

NextHome All Islands

Cell: (808) 489-0054

MAILI

$1,350,000

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$1,350,000

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