316C Kalama Street,Kailua, HI 96734

This uber-cute, remodeled Kailua beach cottage is PRICED TO SELL! Situated on a quiet lane just a fews blocks to stunning Kailua beach, a short distance to local schools, markets, restaurants, yoga studios, local breweries & other Kailua town destinations! Currently set up as a 2 +1 & 1+1, the home currently generates $5500 a month! Each unit has its own entrance, fenced in grassy yards, kitchen & laundry facilities. Main House upgrades include laminate flooring, remodeled kitchen & bathroom, travertine countertops, ceiling fans, spacious deck off of the living room thats opens to the private, grassy front yard. Beautiful 1 bedroom has concrete floors, granite counter tops, ceiling fans skylights, and is move-in ready. Other amenities include a detached (un-permitted) "office shed" with electricity, 3 storage areas, leased PV, & solar hot water. Property is tenant occupied, so showings by appointment only. 

Here is a link to the Comparative Market Analysis (CMA): 316C Kalama Street CMA

When viewing the CMA, please note the average price per square foot on the "IN ESCROW" and recently "SOLD" listings on page 9 of 10.  Also, please note the much larger lot size of 316C Kalama in comparison to all the other IN ESCROW/SOLD properties except for 1 property.

***The actual interior square footage is closer to 1590 s.f. as the carport (237 s.f.) & porch (80 s.f.) areas are now interior square footage, and were enclosed without a permit. For purpose of the valuations below, we used the 1281 square feet listed on tax records.***

CLICK HERE to view professional building plans for these upgrades!!

The average price per square foot for "IN ESCROW" comparable properties in the CMA is $1032 per square foot.

Using this average, the suggested price for the 1281 s.f. subject property is $1,321,992

The average price per square foot for recently "SOLD" comparable properties in the CMA is $1229 per square foot.

Using this average, the suggested price for the 1281 s.f. subject property is $1,574,349

Of the other properties listed on the report, 316C Kalama is the only property with PV, solar hot water, a detached office, additional storage units, and rental income!! 

Here is link to the to the same listings in the report above but with all the listing photos: Kalama Street CMA w/Photos

CLICK HERE for access to the preliminary title report, MLS printout, Property Tax Printouts & More