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Fee simple R-5 land opportunity in Kapalama, priced below the 2026 assessed land value of $598,100. The value isin the 2,800 sq ft level lot. The existing 1935 structure is uninhabitable, has no utility service, and conveys strictly as-is, where-is: buyer to price demolition. Urban core location on an established lane minutes to downtown, the Dillingham corridor, and freeway access. Ideal for builders, contractors, and land investors. Buyer to perform own due diligence on zoning, setbacks, permits, and development potential. Sold strictly as-is; seller will make no repairs and provides no warranties. Cash or renovation/construction financing only; the property will not qualify for standard financing. For safety, do not enter the structure or walk the lot without a confirmed appointment.