USAHIKapaaKapaa Town Lots3-4597 Lehua St
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$1,995,000

2 days ago

3 - 4597 Lehua St, Kapaa, HI

House

3 Bed

3 Bath

3232 sqft

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MLS® 728017

  • Key Facts
  • Description
  • Map

Key Facts

Type Single Family Residence
Levels Residential
Size 3232 sqft
Garage Yes
Taxes $12,660
Days Active 1
Lot Size 
Approx. Age 2004
Avg. Price Per Sqft $617
MLS® Number 728017

Property Address: 3-4597 Lehua St, KAPAA, HI, 96746

Average square foot calculated using Size range provided by listing agent.

Description

This is a leasehold property. Ideal property for 1031 Exchange. This is a property with panoramic ocean views, three horizontal units, each unit comprises four floors. Each Unit has: The Ground floor is a 2-car enclosed garage. The 2nd Floor is the Kitchen/dining room, full bath, and lanai/bedroom or office The 3rd Floor is a large living room, bedroom, and loft, with a lanai that leads to the 4th floor deck The 4th Floor is a rooftop deck with 360 degree panoramic ocean and mountain views. There is virtually nothing that compares with the experience of seeing Kapaa in a way that very few will ever have. The covered lanai decking is sealed with Elastomeric Roof Coating. Total sq footage for all 3 units is 4, 536.And is designated "live/work by the County of Kauai. The building is located in downtown Kapaa, two blocks from the ocean/beach park and the oceanfront bike/walking path. Restaurants, coffee shops, grocery stores, banks, and public transportation are within walking distance. Architectural drawings, for 6 additional rental units, will be prepared next month and submitted for permit approval in Dec. I would estimate the income to be $3, 500. Per unit x 6 = $21k a mo- Insurance, P Taxes thus the net, assuming no debt would be approx $18, 500 mo + the existing building's Gross of $11, 100 Mo, paying the approx $2, 300 mo ground lease, P Taxes and Insurance, Existing Netting $8, 500 Mo. + Estimated Total , would be $27, 000. Mo . See the attached rendering of the proposed 6 units. The ground lease extends to 2083 and is extendable.
MLS® Number728017
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age2004
Basement
DrivewayDeeded
Garage Spaces6
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Feb 23, 2026List Date
$1,995,000List Price
  • Commute

Commute

Starting Address
Destination Address
4597 Lehua St, KAPAA, HI

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