The Rose Street condominium conversion of five homes in a residentially zoned neighborhood improved the neighborhood, allowed first time buyers to own their own homes and increased the tax base without increasing the infrastructure needs. The complex of five homes was in disrepair and needed a pride of ownership that homeowners can give.

Abe Lee Development Inc., obtained an existing use permit that would allow homes to be rebuilt and remodeled since the homes were grandfathered and legal nonconforming. The condominium process allowed each home to be sold to individual owners. A new concrete driveway was poured and the complex had a paved road for the first time in decades.

All of the buyers were owner occupants and the homes were sold for $10,000 below the appraisal price. Each lot was 5,000 square feet or larger.



Main Office: 1585 Kapiolani Boulevard, Suite 1533, Honolulu, Hawaii 96814 | Click here for Directions
Phone: 808-791-1020 - Fax: 808-791-1021
© 2013 Century 21iProperties Hawaii. All Rights Reserved.
CENTURY 21® and the CENTURY 21 Logo are registered service marks owned by Century 21 Real Estate LLC. iProperties Hawaii LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Century 21 Real Estate LLC nor any of its affiliated companies.