NEW: Honolulu Real Estate | Diamond Head View & Pied-a-Terre

Listed for $679,000 Fee Simple. This charming Palolo Valley home is great for either a homeowner that desires rental income or an investor looking for a great cap rate. The main home, upstairs, has 3 bedrooms and 1 full bath, plus two bonus rooms that can be used for an art studio or storage.

Charming Palolo Home with Carport.

This Palolo home has an open floor plan with living and dining space, newer appliances and paint, and wood laminate flooring.

Eat-in kitchen/dining area, from living room.

This home is light, bright and move-in ready. One bedroom and the main living area have views of Diamond Head.

View From Living Area

Bedroom with a View

And one of the bonus rooms (below) has a closet and separate entrance and has been used as a bedroom.

Bonus Room #1, used as a bedroom, not permitted as bedroom.

When the upstairs was rented previously, they rented all 4 rooms as bedrooms and earned a total rent of approcimately $2300, excluding utilities, which were paid by the tenants. 

Open Living Space, View From Kitchen.

The downstairs of this home has a separate Pied-a-Terre, which could be rented out, with entrance off the carport. The downstairs was not rented, but the rent there could possibly be $1000+.

Steps to upstairs home on left - Entry to apartment on right.

The apartment (below) was remodeled in 2010 and has a unique, compact and efficient European design.

APT: Looking across sitting area toward bedroom.

The apartment has soaring ceilings and includes a wet bar, with stainless steel refrigerator and dishwasher.

APT: Wet bar area, great floor-to-ceiling storage and bathroom/shower to left.

The bathroom has a shower and European-style fixtures. 

Huge glass doors let in plenty of sunlight and there is very innovative use of space to maximize storage. 

APT: Wet bar area with stainless steel appliances.

The apartment’s bedroom area may be closed off, for privacy or left open to the main space.

APT: Great use of space! Built in desk and floor to ceiling shelving in bedroom area.Spectacular view deck on terraced lot. This yard is truly a gardener’s delight, ready to design according to your own tastes!

View Deck, up near the top of the terraced lot.Diamond Head View in the Distance1774J Palolo Ave in Palolo Valley, Diamond Head Region of Honolulu. All information here is deemed reliable but not guaranteed. Public records show home is in Ohana-zoned area, but Buyer to verify. Rents referenced herein were actual rents received or are estimates, but future rents are not guaranteed. Many factors and market conditions will influence future rents, and rental income may vary.

First showings Wednesday, February 20, at 9:30-12:00 noon, Broker’s Open.  All other showings, by appointment only.

Please call Yvonne Jaramillo Ahearn at 808-721-8088 for private showings.