Hawaii Living

338B Kalama St (Kalama Tract & Coconut Grove)

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338B Kalama St, Kailua
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Description
Prime location in Coconut Grove. Short distance of Kailua town, beaches, churches, schools. This fee simple property with 4 units, one is a duplex with a total of 16 bedrooms. Rarely available property of 20,001 sq. ft. land, zoning, R-5. Great investment or for generational home, live in one and rent the others. Each unit has its own individual Electric and Water meters. Tenants pay their own utilities. Level lot wit over 9 parking stalls. You could add more parking stalls if needed. Tenants are mo/mo. Great for expansion, No HOA fees. House will need TLC. Property sold "AS IS" no repairs will be done. Seller will not pay for survey and termite. Buyer to do his/her due diligence inspection. Please do not disturb tenants. One or more photos are enhanced.
Past Activity
  • Sep 11, 2024 Sold for $2,500,000
  • Jul 05, 2024 Under Contract
  • May 24, 2024 Listed at $2,900,000
Blog
More Details
  • Owner, Tax & Resale History
  • Price / ft²: $595
  • Year Remodeled: 1983
  • Zoning: 05 - R-5 Residential District
  • Flood Zone: Zone X
  • Furnished: Partial
  • Property Condition: Average
  • Amenities: Wall/Fence
  • TMK: 1-4-3-38-35-0
  • Tax Assessed Land: $1,540,700
  • Tax Assessed Improvements: $265,700
  • Tax Assessed Total: $1,806,400
  • Courtesy: Coldwell Banker Realty / (808) 676-7200
  • MLS: 202411610
Good to Know
See this aerial video of Coconut Grove and Kalama Tract homes.

For whatever reason the Hawaii real estate world often lumps these areas together, often putting them under the joint category of Coconut Grove/Kalama Tract. They shouldn't. These are very different neighborhoods. They may be next door each other, but these neighbors are easy to tell apart.

Coconut Grove is the more mauka area, one that begins roughly on the mauka side of Maluniu Ave, ending firmly at the preserved Kawainui Regional Park.

The Homes of Coconut Grove
This is one of the most affordable Kailua neighborhoods,   .....
Read more.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 21, 2024.Information is deemed reliable but not guaranteed.
Other Kalama Tract & Coconut Grove Homes
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$2,340,000
174 Hauoli St
4 Bds | 2 Ba
1,513 ft²
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$1,950,000
763 Kaipii St
4 Bds | 2 Ba
1,268 ft²
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$1,939,000
703 Kihapai Pl
8 Bds | 4 Ba
2,080 ft²
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$1,900,000
609 Olomana St
8 Bds | 8 Ba
2,960 ft²
Other Hawaii Homes
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$2,900,000
41 Leleaka Pl##A
3 Bds | 3 Ba
2,529 ft²
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$2,900,000
69-9191 AINAMALU ST
3 Bds | 2 Ba
1,661 ft²
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$2,900,000
715 N Honokala Rd
3 Bds | 3 Ba
2,409 ft²
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$2,895,000
1714 KEONILOA PL
3 Bds | 3 Ba
2,137 ft²
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$2,895,000
78-6737 WALUA RD
5 Bds | 5.5 Ba
3,708 ft²
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$2,895,000
4564 KAPUNA RD
5 Bds | 4 Ba
3,835 ft²
  • Sold 9/6/24 at $2,500,000
    (List Price: $2,900,000)
Description
Prime location in Coconut Grove. Short distance of Kailua town, beaches, churches, schools. This fee simple property with 4 units, one is a duplex with a total of 16 bedrooms. Rarely available property of 20,001 sq. ft. land, zoning, R-5. Great investment or for generational home, live in one and rent the others. Each unit has its own individual Electric and Water meters. Tenants pay their own utilities. Level lot wit over 9 parking stalls. You could add more parking stalls if needed. Tenants are mo/mo. Great for expansion, No HOA fees. House will need TLC. Property sold "AS IS" no repairs will be done. Seller will not pay for survey and termite. Buyer to do his/her due diligence inspection. Please do not disturb tenants. One or more photos are enhanced.
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 21, 2024.Information is deemed reliable but not guaranteed.
    • Sep 11, 2024 Sold for $2,500,000
    • Jul 05, 2024 Under Contract
    • May 24, 2024 Listed at $2,900,000
    See this aerial video of Coconut Grove and Kalama Tract homes.

    For whatever reason the Hawaii real estate world often lumps these areas together, often putting them under the joint category of Coconut Grove/Kalama Tract. They shouldn't. These are very different neighborhoods. They may be next door each other, but these neighbors are easy to tell apart.

    Coconut Grove is the more mauka area, one that begins roughly on the mauka side of Maluniu Ave, ending firmly at the preserved Kawainui Regional Park.

    The Homes of Coconut Grove
    This is one of the most affordable Kailua neighborhoods,   .....
    Read more.
    Other Kalama Tract & Coconut Grove Homes
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    $2,340,000
    174 Hauoli St
    4 Bds | 2 Ba
    1,513 ft²
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    $1,950,000
    763 Kaipii St
    4 Bds | 2 Ba
    1,268 ft²
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    $1,939,000
    703 Kihapai Pl
    8 Bds | 4 Ba
    2,080 ft²
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    $1,900,000
    609 Olomana St
    8 Bds | 8 Ba
    2,960 ft²
     
    You do not own the land, but have the right to use the land until an expiration year. At expiration the ownership typically reverts back to the land owner.
    Buyer and Seller have reached an agreement and are under contract. However, the sale is still subject to one or more contingencies.
    We have handled many transactions for clients who purchase Hawaii real estate without visiting. By request, we can prepare thorough property videos to ensure you are familiar with every detail necessary. All documents can be signed remotely.
    Buyer and Seller have reached an agreement and are under contract. The sale is expected to close / record soon.
    We will be happy to work with you as a Buyer's agent. Call us to learn more: 808-943-9000.
    Note: A Seller's agent has a fiduciary responsibility towards the Seller. Working with a Buyer's agent objectives and goals are aligned, at no cost to you, the Buyer.
    Other fees could be a special assessment, reserve contributions etc.
    DOM = Days On Market. Our site shows listings immediately. A brand new listing may show DOM 2 or 3 days, if listing agent did not upload the same day listing agreement was executed.
    Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
    Learn about property tax rates.