More of billionaire's neglected East Oahu properties up for sale - Hawaii News Now - KGMB and KHNL

More of billionaire's neglected East Oahu properties up for sale

Barbara Marumoto Barbara Marumoto

By Duane Shimogawa - bio | email

KAHALA, Oahu (HawaiiNewsNow) - Some people in East Oahu are breathing a sigh of relief Monday night, now that more rundown million dollar homes in their neighborhood are now on the market.

That's because those neglected properties once belonged to Japanese billionaire Genshiro Kawamoto.

He owns 24 homes in Kahala and 14 of them are now up for sale. Kawamoto has allowed Native Hawaiian families to stay in three of his homes.

But most of the other houses and vacant lots have sat empty and uncared for.

Neighbors are hoping the "For Sale" signs on half of his properties are signs that he's leaving the area for good.

"Weeds and people talking about rats and homeless people breaking into the houses, so we'd be very happy if people moved in and bought the lot and put up a nice house," State Representative Barbara Marumoto, who represents the Kaimuki, Waialae and Kahala areas said.

The homes on Kahala Avenue have been on the market for about a month. They're prices range from $1-million to $17-million.

So far, one home has been sold. Calls to Kawamoto's realtor, Choi International were not returned on Monday night.

More about this story on HawaiiNewsNow.com:

Kawamoto selling Kahala homes

Million dollar listings in Kahala sit idle

Billionaire hands out keys to Oahu homes

Businessman's plans upset his Kahala neighbors

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