1303 KALANIANAOLE ST, #1-12, HILO, HI 96720

RARE!!! 12-unit STVR property one block from beach!

Listing Provided by: COMPASS
MLS #: 724411

Description

Tremendous opportunity to invest in a rarely available multi-unit vacation rental property 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 6 units being utilized as short term rentals and the reminder 4 have long-term tenants. Features and summary:- Sale includes 12 CPR units- 6 studio units upstairs/6 studio units downstairs- 10 STVR permits (maximum) in place- 6 units being utilized as STVRs/4 used as longterm rentals- Split AC in the 6 STVR studio rentals.- The 4 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 - 6 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.

Property Details

Price: $2,599,000
Sold Price:
Address: 1303 KALANIANAOLE ST, #1-12, HILO, HI 96720
Ownership: CPR
Status: Active
Category: Residential
Type: Multi-Story, Walk-Up

Total Bedrooms: 12
Total Bathrooms: 12
Full Baths: 12
Living Area: 3,876 Square Feet

Listed by: COMPASS
Year Built: 1966
Levels: Two

Features and Amenities

Interior Features:
Exterior Features:
View:
Pool:
Pool Features:

Appliances: Microwave, Refrigerator, Washer/Dryer Stacked
Fireplace Features:
Flooring:
Security:
Laundry:

Garage Spaces:
Carport Spaces:
Parking Features: Unassigned
Additional Structures:
Home Warranty:

Community Information

Project Name: Plumeria Apartments
Subdivision Name: KEOKEA HOUSELOTS
Association Fee: $0 Monthly

Stories:
Year Established:

Lava Zone: 3
Flood Zone: AE

Land Information

Lot Size: 8,492 Square Feet
Waterfront:
Land Lease Rent:
Lease Type:
Land Tenure: Fee Simple

Lot Features: Corner Lot
Frontage Type:
Roads: County, Paved
Roads Frontage Type:

Zoning: V-.75
Horse Amenities:

Additional Details

Assessed Tax Value: $69,300
Annual Tax: $0
Tax Year: 2025
Tax Lot:
Tax Block:

Utilities: Cable Available, Electricity Available, Phone Available, Sewer Connected
Cooling:
Heating:
Sewer:
Water:
Solid Waste Disposal: Private Contractor

First Listed October 6, 2025, 2:22 pm
Last Updated October 14, 2025, 12:01 pm
Listing Conditions: Fee Simple, Standard
Property Condition:
Financial Info Available:

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