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For sale
Single family properties
HI
Waianae
96792
85-270 Ala Hema Street

Income Property With Fixed Lease

85-270 Ala Hema Street, Waianae, HI 96792

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Pending

$189,000

MULTI_FAMILY - Other - Waianae, HI

Property size:

952 SF

HighLights

Renegotiated 26‑year fixed lease runs until 2052 with scheduled lease payments of $177.66/mo until June 30, 2026
Lease payment step‑ups: $231.00/mo until June 30, 2036; $300.25/mo until June 30, 2046; $390.33/mo until Sept 15, 2052
Special assessment of $127.00/mo until Nov 1, 2026 (per supplements)
1974‑built home with double wall wood‑frame construction
Bedroom and full bath on the main level; carpet flooring
Utilities include public water; fenced yard with carport and garage parking

We can help!

Contact an agent

G. Jeannie Byers

Pending

$189,000

MULTI_FAMILY - Other - Waianae, HI

Property size:

952 SF

Added:: Mar 19, 2026
Days on Market:: 111
Last Refresh:: Jul 7 at 6:06 pm

Property Features for 85-270 Ala Hema Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 3
Bathrooms: 1
Rooms: Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 1
Parking: 2
Parking features: Garage, Carport
Pets allowed: Call
Interior features: Bedroom on Main Level, Full Bath on Main Level
Fencing: Fenced
Standard status: Pending
APN: 1-8-5-027-016-0000
Size: 952 SF

Taxes and HOA fees

Tax Annual Amount: 744

Utilities

Utilities: Water Available
Water source: Public

Building Details

Year built: 1974
Floors in Building: 1
Flooring type: Carpet
Building materials: Double Wall, Wood Frame
Architectural style: Other

We can help!

Contact an agent

G. Jeannie Byers

Listing agent G. Jeannie Byers License #RB-14805

Listing office West Beach Realty, Inc. 85841-E Farrington Hwy, Waianae, HI

Listing date Mar 19, 2026

MLS# 202605699 Listing URL

HighLights

Renegotiated 26‑year fixed lease runs until 2052 with scheduled lease payments of $177.66/mo until June 30, 2026
Lease payment step‑ups: $231.00/mo until June 30, 2036; $300.25/mo until June 30, 2046; $390.33/mo until Sept 15, 2052
Special assessment of $127.00/mo until Nov 1, 2026 (per supplements)
1974‑built home with double wall wood‑frame construction
Bedroom and full bath on the main level; carpet flooring
Utilities include public water; fenced yard with carport and garage parking

Overview

This residential income property is offered for sale with a renegotiated 26-year fixed lease in place through 2052. Lease payments are structured as a stepped schedule: $177.66 per month through June 30, 2026, then $231.00 per month through June 30, 2036, followed by $300.25 per month through June 30, 2046, with the final step set at $390.33 per month through September 15, 2052. The supplements also note a special assessment of $127.00 per month through November 1, 2026.

The property is located at 85-270 Ala Hema Street in Waianae, Hawaii (Oahu), ZIP 96792. The listing size is provided as 952 square feet.

For buyers and operators looking for a managed set of contractual lease terms, the fixed lease duration and the defined payment steps can support underwriting and long-range planning. This offering may be particularly relevant for those who want to acquire a property with an already renegotiated lease framework rather than starting with new lease negotiations.

Property Profile Location Intelligence

Current Use by Public Records

Single family properties

Map

City: Waianae
County: Honolulu
State: Hawaii
Longitude: -158.190846
Latitude: 21.453589

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For sale
Single family properties
HI
Waianae
96792
85-270 Ala Hema Street

What type of property is this?

Single family property - Renegotiated fixed lease runs through 2052, with scheduled payment steps over time.

Where is this single family property located?

The property is located at 85-270 Ala Hema Street Waianae, HI.

What is the asking price?

The asking price for this property is $189,000.

What are key features of this property?

This property features: Renegotiated 26‑year fixed lease runs until 2052 with scheduled lease payments of $177.66/mo until June 30, 2026; Lease payment step‑ups: $231.00/mo until June 30, 2036; $300.25/mo until June 30, 2046; $390.33/mo until Sept 15, 2052; Special assessment of $127.00/mo until Nov 1, 2026 (per supplements)

85-270 Ala Hema Street, Waianae, HI 96792

MULTI_FAMILY - Other - Waianae, HI

Property Features for 85-270 Ala Hema Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Map

Nearby Similar for Sale

Waianae Commercial Building For Sale

Four-Home Rental Property

Remodeled Multi-Unit Residential Property

Three-Bedroom Duplex with Carport

Two-Home Residential Income Property

Six-Unit Residential Portfolio

Waianae Multi-Unit Income Property

Waianae Multi-Unit Income Property

Agricultural Property with Two Homes

Waianae Home in Sea Country

Waianae Multifamily Property For Sale

New Waianae Multifamily Investment Opportunity

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