NOT LISTED FOR SALE

1122 Hoolai St Honolulu, HI 96814

Kakaako Neighborhood

Estimated Value: $3,926,000 - $4,511,000

Studio
1 Bath
6,462 Sq Ft
$640/Sq Ft Est. Value

Sale Details

Date Sold: November 4, 2016

Last sale price $3,000,000 $464 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $22,781 / mo

204 Days on Market

Highlights

  • Interior Lot
  • High Speed Internet
  • 3-minute walk to Sheridan Community Park
  • Coin Laundry

About This Home

As of November 2016

Solid 3-Story Walk Up apartment building in the Ala Moana Corridor! 12 - 1 bedroom / 1 bathroom units with parking. Ability to raise rents with upside potential. Within walking distance to Sam's Club / Walmart and Ala Moana Shopping Center. High demand rental area and desirable location for long term investment. ALL OFFERS ARE DUE ON AUGUST 31, 2016!!

Last Agent to Sell the Property

Jared Ikeda

Apartment Advisors LLC License #RB-19914 Listed on: 03/15/2016

Last Buyer's Agent

Ryozo Ariyoshi

Tower Commercial LLC License #RS-39177

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,656

Year Built

  • Built in 1970

Lot Details

  • 4,916 Sq Ft Lot
  • Interior Lot
  • Level Lot
  • Cleared Lot
  • Property is in average condition

Interior Spaces

  • 6,462 Sq Ft Home
  • 3-Story Property
  • Partially Furnished

Laundry

  • Dryer
  • Washer

Parking

  • 12 Parking Spaces
  • Assigned Parking

Utilities

  • Above Ground Utilities
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tenant pays for air conditioning, cable TV, electricity
  • Assessor Parcel Number 1-2-3-010-009-0000

Community Details

Overview

  • 12 Units
  • Kakaako Subdivision

Amenities

  • Coin Laundry

Building Details

  • Operating Expense $1
  • Net Operating Income $1

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,656

Year Built

Built in 1970

Lot Details

4,916 Sq Ft Lot

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1970
  • CommunityFeatures: None
  • Road Frontage Type: Other
  • LaundryFeatures: Coin-operated
  • NAV29_Unit_1_Appliances: Dryer, Washer
  • MLS Status: Closed
  • Subdivision Name: KAKAAKO
  • Unit Levels: Three Or More
  • Roof: Other
  • Tax Year: 2016
  • Special Features: None

Interior Features

  • Furnished: Partially

Exterior Features

  • Construction Type: Concrete
  • Lot Features: Cleared, Interior Lot, Level
  • Property Condition: Average Condition
  • Topography: Level
  • View: None
  • View: No
  • Disclosures: See Remarks

Garage/Parking

  • Parking Features: Assigned
  • Total Parking Spaces: 12.0

Utilities

  • Utilities: Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Phone Available, Water Available, Sewer Connected
  • Sewer: Connected

Lot Info

  • Parcel Number: 1-2-3-010-009-0000
  • Zoning Description: KA - State jurisdiction, refer

Multi Family

  • Number Of Units Total: 12
  • Net Operating Income: 1.0
  • Annual Operating Expense: 1.0
  • Tenant Pays: Air Conditioning, Cable TV, Electricity
  • Total Actual Rent: 1.0

Tax Info

  • Tax Annual Amount: 4656.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 8, 2022
Sold by
Armenini Holdings Llc
Bought by
Hoolai Dragon Llc
Current Estimated Value
$4,133,396

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,800,000
Outstanding Balance
$2,660,232
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$1,473,165

Purchase Details

Listed on
Mar 15, 2016
Closed on
Oct 31, 2016
Sold by
Wong Jeannie
Bought by
Armenini Holdings Llc
Seller's Agent
Jared Ikeda
Apartment Advisors LLC
Buyer's Agent
Ryozo Ariyoshi
Tower Commercial LLC
List Price
$2,750,000
Sold Price
$3,000,000
Premium/Discount to List
$250,000
9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.47%
Original Mortgage
$1,250,000
Interest Rate
3.48%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 18, 2007
Sold by
Kim Peter Bum Hwan and Kim Ye Sun
Bought by
Au Margaret Choy and Margaret Choy Au Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Hoolai Dragon Llc -- Title Guaranty & Escrow Servic
Hoolai Dragon Llc -- Title Guaranty & Escrow Servic
Armenini Holdings Llc $3,000,000 Tg
Armenini Holdings Llc $3,000,000 Tg
Au Margaret Choy $2,500,000 Stc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoolai Dragon Llc $2,800,000
Closed Hoolai Dragon Llc $2,800,000
Previous Owner Armenini Holdings Llc $1,250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2016 11/04/16 Sold $3,000,000 +9.1% $464 / Sq Ft
10/05/2016 10/05/16 Pending -- -- --
03/15/2016 03/15/16 For Sale $2,750,000 -- $426 / Sq Ft
Source: HiCentral MLS (Honolulu Board of REALTORS®)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,240 $1,784,800 $1,327,300 $457,500
2024 $6,240 $1,782,800 $1,327,300 $455,500
2023 $6,190 $1,768,700 $1,327,300 $441,400
2022 $5,592 $1,597,800 $1,179,800 $418,000
2021 $5,503 $1,572,400 $1,130,700 $441,700
2020 $5,814 $1,661,200 $1,179,800 $481,400
2016 $5,006 $1,430,400 $909,500 $520,900
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Jared Ikeda

    Apartment Advisors LLC

    (808) 664-3296

    1 in this area

    8 Total Sales

    Jared Ikeda
    Section Image

  • R

    Buyer's Agent in 2016

    Ryozo Ariyoshi

    Tower Commercial LLC

    Section Image
  • Akimi Mallin

    Buyer Co-Listing Agent in 2016

    Akimi Mallin

    List Sotheby's Int'l Realty

    (808) 397-4480

    8 in this area

    65 Total Sales

    Akimi Mallin
    Section Image
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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 201605456

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-3-010-009-0000

Hawaii Honolulu County Honolulu 96814 Kakaako

1122 Hoolai St, Honolulu, HI

Not Listed for Sale

MultiFamily

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