4517 KALA RD $2,790,000

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    4517 KALA RD KEKAHA, HI 96752

    • 29 Beds
    • 15.01 Baths
    • 6,930 sq. ft.
    • Multi-Family
    • MLS# 641485
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    Views: 305 Days On Site: 439

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    Property Details

    Irreplaceable Investment Property at the Beach! Located on the west side of '˜The Garden Island', Kauai. The property is adjacent to the ocean and can never be replicated due to today's setbacks and development regulations.

    Close access to Waimea Canyon / Kokee Park and the Longest White Sand Beach in Hawaii. Spectacular sunsets year round. Employment centers of Pacific Missile Range Facility, Kauai Veteran's Memorial Hospital, and other Kekaha/Waimea businesses are less than three miles away.

    All units have been recently upgraded. Exterior was repainted within the last two years. Exact finishes and unit layout differ slightly from unit to unit. The 3 buildings consist of an SFR with office/storage and garages below, a duplex, and a 10-unit (5 up and 5 down). The SFR is closest to the ocean and would be ideal for owner occupancy. Most units have ocean views.

    Recent Covid-19 economic factors have created a few vacancies. Otherwise, the property is generally full. New demand for housing on Kauai with growing needs from local employment centers has this property poised for upside.

    The property's wastewater system will require immediate upgrading and the price has been adjusted accordingly.

    Property is not a licensed or permitted short term rental.

    Please do not disturb tenants and all property access to be made by appointment only.

    • General Features
      • Location 4517 KALA RD
      • Taxes Annual $13,189
      • Subdivision KEKAHA HOUSE LOTS
      • Year Built Maximum 1976
      • Year Built Minimum 1940
    • Building Features
      • Appliances Refrigerator, Range/Oven
      • Full Bathrooms 15
      • Half Bathrooms 1
      • One-Qtr Bathrooms 0
      • Three-Qtr Bathrooms 0
      • Interior Area Total 6,930
      • Pool N
    • Property Features
      • Land Area 29,740
      • Land Tenure Fee Simple
      • Oceanfront Parcel N
      • Power Overhead
      • Roads County, Paved
      • Solid Waste Disposal Trash Private Contractor
      • Vehicle Storage Parking Assigned

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    Neighborhood

    96752 (KEKAHA) Demographics

    39 Median Age
    750 Population Density (per sq. mile)
    35% College Educated
    $87,305 Estimated Median Income
    804 Estimated Total Home Owners
    347 Estimated Total Renters
    70% / 30% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    3,559 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $785,000 Median Sales Price
    3 Homes Sold
    3 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $2,790,000
        8/12/2020 11:49:00 AM New in Database Source: Multiple Listing Service New Value: $2,790,000

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        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from MLS Hawaii, Inc. d/b/a Hawaii Information Service, listings last updated on 10/25/2021 2:52:08 PM. All information is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. Data may not be reproduced or redistributed and may not be used for any purpose other than individual consumer's use.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.