RARE opportunity to develop a level A2-zoned lot in a highly-desirable rental neighborhood! Take advantage of the city’s new Bill 7, which gives generous incentives and tax breaks for owners who develop affordable rentals! This medium-density apartment zoned lot is one of the last remaining lots on this block that hasn’t been developed into an apartment or condo. Being offered for the first time in generations. Existing home is solid, but needs renovations and upgrades. Newer roof, laminate floors, flexible floor plan. Spacious basement for storage. Sold as-is. Great central location off Kapiolani - near University of Hawaii, restaurants, shopping center, Ala Wai Golf Course, Waikiki, bus line, freeway access. Priced well BELOW assessed value. Don't miss this one!