About 1303 Kalanianaole St 1-12
Tremendous opportunity to invest in a rarely available multi-unit vacation rental property just a block from the shoreline and beach. This 12 condo unit (CPR) property offers multiple opportunities. Currently there are 10 STVR permits in place with 6 units being utilized as short term rentals and the reminder 4 have long-term tenants.
Features and summary:
- Sale includes 12 CPR units
- 6 studio units upstairs/6 studio units downstairs
- 10 STVR permits (maximum) in place
- 6 units being utilized as STVRs/4 used as longterm rentals
- Split AC in the 6 STVR studio rentals.
- The 4 long-term units have not been renovated
- 1 unit being utilized as office and laundry
- 1 unit utilized as expansion to create double space rental for parties of 4
- Property serviced by sewer
- Recent survey and report available
- 6 active STVR units sold turnkey furnished
- Propane tank on site.
One of the partners hold a real estate license in the State of California.
Features of 1303 Kalanianaole St 1-12
| MLS® # | 724411 |
|---|---|
| Price | $2,599,000 |
| Land Tenure | Fee Simple |
| Bedrooms | 12 |
| Bathrooms | 12.00 |
| Full Baths | 12 |
| Square Footage | 3,876 |
| Acres | 0.19 |
| Year Built | 1966 |
| Type | Condo / Townhouse |
| Sub-Type | Condominium |
| Status | Active |
Community Information
| Address | 1303 Kalanianaole St 1-12 |
|---|---|
| Building | Plumeria Apartments |
| Subdivision | KEOKEA HOUSELOTS |
| City | Hilo |
| State | HI |
| Zip Code | 96720 |
Amenities
| Parking | Unassigned |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Microwave, Refrigerator, Washer/Dryer Stacked |
|---|
Exterior
| Lot Description | Corner Lot |
|---|
Additional Information
| Date Listed | October 6th, 2025 |
|---|---|
| Zoning | V-.75 |
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Office | COMPASS |
|---|