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1303 Kalanianaole St , 1-12

Hilo, HI 96720
  • $2,288,000
  • STATUS: Active
  • ON SITE: 151 Days
  • MLS #: 724411
Price Reduced
UPDATED: 75 min ago
$2,288,000
  • 12
    BEDS
  • 0.19
    ACRES
  • 12
    BATHS
  • 0
    1/2 BATHS
  • 3,876
    SQFT
  • $590
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1966
Area:

School Ratings & Info

Description

Tremendous opportunity to own an entire vacation rental condo complex just a block from the shoreline and beach. This 12 condo unit (CPR) property offers multiple opportunities. Currently there are 10 STVR permits in place with 7 units being utilized as short term rentals and 3 with long-term tenants. Additional condo used as office. BUYERS MUST BE PREQUALIFIED PRIOR TO SETTING UP SHOWINGS Features and summary: - Sale includes 12 CPR units - 6 studio units upstairs/6 studio units downstairs - 10 STVR permits (maximum) in place - 7 units have been renovated and utilized as vacation rentals. - Split AC in the 7 STVR studio rentals. - The 3 long-term units have not been renovated - 1 unit being utilized as office and laundry - 1 unit utilized as expansion to create double space rental for parties of 4 - Property serviced by sewer - Recent survey and report available - 7 active STVR units sold turnkey furnished - Propane tank on site. *One of the partners hold a real estate license in the State of California. *Artwork and Photographs on walls are excluded from sale and available to purchase on a separate bill of sale.

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© 2026 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or LUVA Real Estate. Data last updated: 2026-03-06T23:35:26.67.
www.luva-realestate.com/homes/168603408
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1303 Kalanianaole St , 1-12 Hilo, HI 96720

  • Price: $2,288,000
  • Status: Active
  • On Site: 151 Days
  • Updated: 75 min ago
  • MLS #: 724411
12
Beds
12
Baths
0
½ Baths
0.19
Acres
3,876
SQFT
$590
$/SQFT
1966
Built
Neighborhood:
Keokea Houselots
Area:
South Hilo
Property Description
Tremendous opportunity to own an entire vacation rental condo complex just a block from the shoreline and beach. This 12 condo unit (CPR) property offers multiple opportunities. Currently there are 10 STVR permits in place with 7 units being utilized as short term rentals and 3 with long-term tenants. Additional condo used as office. BUYERS MUST BE PREQUALIFIED PRIOR TO SETTING UP SHOWINGS Features and summary: - Sale includes 12 CPR units - 6 studio units upstairs/6 studio units downstairs - 10 STVR permits (maximum) in place - 7 units have been renovated and utilized as vacation rentals. - Split AC in the 7 STVR studio rentals. - The 3 long-term units have not been renovated - 1 unit being utilized as office and laundry - 1 unit utilized as expansion to create double space rental for parties of 4 - Property serviced by sewer - Recent survey and report available - 7 active STVR units sold turnkey furnished - Propane tank on site. *One of the partners hold a real estate license in the State of California. *Artwork and Photographs on walls are excluded from sale and available to purchase on a separate bill of sale.
Exterior Features

Carport Area Units Square Feet Exterior Area Units Square Feet Garage Area Units Square Feet Parking Features Unassigned Pool YN No Roofed Area Units Square Feet Topography Fairly Level

Interior Features

Appliances MicrowaveRefrigeratorWasher/Dryer Stacked Bathrooms One Quarter 0 Bathrooms Three Quarter 0 Levels Two Washer Dryer Type Stacked Washer/Dryer

Property Features

Agriculture Dedicated YN No Association Fee 0 Association Fee Frequency Monthly Common Area Expenses YN Yes Common Interest Condominium Easement ElectricWater Elevation Units Feet Flood Zone AE In Use As Short Term Vacation Rental YN Yes Internet Access Cable Land Tenure Fee Simple Lava Zone 3 Listing Terms 1031 ExchangeCashConventional Lot Features Corner Lot Other Building Area 708 Other Building Area Units Square Feet Ownership CPR Pets Allowed No Project Plumeria Apartments Property Attached YN Yes Property Sub Type Condominium Roads CountyPaved Solid Waste Disposal Private Contractor Special Listing Conditions Fee SimpleStandard Structures YN Yes Tax Annual Amount 0 Tax Key 321014072 Tax Year 2025 Total Monthly Fees 0 Unit Description Multi-StoryWalk-Up Utilities Cable AvailableElectricity AvailablePhone AvailableSewer Connected Waterfront YN No Zoning V-.75

Listing information © 2026 MLS Hawaii, Inc. All rights reserved.
Listing courtesy of COMPASS.


© 2026 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or LUVA Real Estate. Data last updated: 2026-03-06T23:35:26.67.
 
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