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338b Kalama St (Kalama Tract & Coconut Grove)

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338b Kalama St, Kailua
Selling or Buying in Kalama Tract & Coconut Grove?
Call/Text Tracy (808) 372-2274 or use contact form.
We are expert real estate agents who have sold many homes in Kalama Tract & Coconut Grove. We would be happy to assist you too.
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
About Kalama Tract & Coconut Grove
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 March 27, 2025.Information is deemed reliable but not guaranteed.
Other Kalama Tract & Coconut Grove Homes
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$2,280,000
174 Hauoli St
4 Bds | 2 Ba
1,513 ft²
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$2,195,000
139 Hauoli St
3 Bds | 2 Ba
1,630 ft²
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$1,850,920
763 Kaipii St
4 Bds | 2 Ba
1,520 ft²
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$1,495,000
315 Oneawa St
5 Bds | 2.5 Ba
1,632 ft²
Other Oahu Homes
Ahuimanu
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$2,900,000
47-726 Kamehameha Hwy
12 Bds | 10.5 Ba
7,839 ft²
Kapahulu
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$2,900,000
3232 Castle St
7 Bds | 5 Ba
3,710 ft²
Royal Summit
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$2,900,000
98-628 Kuini St
6 Bds | 3 Ba
4,151 ft²
Portlock
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$2,850,000
502 Poipu Dr
3 Bds | 2 Ba
1,936 ft²
Napali Haweo
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$2,950,000
1327 Kamehame Dr
4 Bds | 4.5 Ba
3,299 ft²
Makiki
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$2,850,000
1542 Keeaumoku St
14 Bds | 8 Ba
2,748 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 March 27, 2025.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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    $2,280,000
    174 Hauoli St
    4 Bds | 2 Ba
    1,513 ft²
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    $2,195,000
    139 Hauoli St
    3 Bds | 2 Ba
    1,630 ft²
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    $1,850,920
    763 Kaipii St
    4 Bds | 2 Ba
    1,520 ft²
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    $1,495,000
    315 Oneawa St
    5 Bds | 2.5 Ba
    1,632 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. The sale may be 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.