$3,180,000
$200K PRICE DROP

Estimated payment $18,123/month

Total Views 4,230
-- Bed
-- Bath
2,817 Sq Ft
$1,129 Price per Sq Ft

Highlights

  • Property is in excellent condition
  • Level Lot
  • Community Storage Space

About This Home

A prime multifamily investment opportunity in the strongest rental neighborhoods, Makiki, Honolulu. The 13-unit building consisting of 12 (studios) & 1 (1bd/1ba) unit has a current gross income of $223K/year. The owner has completed improvements such as new windows, flooring, exterior and interior paint, and entry doors. Tenants have access to a common laundry area. There are 5 parking stalls on-site. Utilities are the owner's responsibility as there is only one house meter, for electricity, water, and gas. Within proximity to Safeway Beretania, post office, bust routes, and freeway access.

Listing Agent

Kynan Pang

Excel Commercial Realty LLC License #RB-23513 Listed on: 12/15/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,896

Year Built

  • Built in 1928

Lot Details

  • 5,079 Sq Ft Lot
  • Level Lot
  • Property is in excellent condition

Home Design

  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 2,817 Sq Ft Home
  • 2-Story Property

Parking

  • 5 Parking Spaces
  • Assigned Parking

Listing and Financial Details

  • Assessor Parcel Number 1-2-4-019-072-0000

Community Details

Overview

  • 13 Units
  • Makiki Area Subdivision

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $90,364
  • Net Operating Income $127,255

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,896

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1928
  • CommunityFeatures: Storage Facilities
  • LaundryFeatures: Other
  • MLS Status: Active
  • Subdivision Name: MAKIKI AREA
  • Unit Levels: Two
  • Roof: Asphalt, Shingle
  • Tax Year: 2024
  • Special Features: None

Interior Features

  • Stories: 2

Exterior Features

  • Lot Features: Other, Level
  • Property Condition: Excellent
  • Topography: Level
  • View: None
  • View: No
  • Disclosures: 1031 Exchange, Call Agent

Garage/Parking

  • Parking Features: Assigned
  • Total Parking Spaces: 5.0

Utilities

  • Utilities: Above Ground Utilities, Electricity Available, Natural Gas Available, Sewer Available, Water Available, Sewer Connected
  • Sewer: Connected

Lot Info

  • Parcel Number: 1-2-4-019-072-0000
  • Zoning Description: 12 - A-2 Medium Density Apartme

Multi Family

  • Number Of Units Total: 13
  • Net Operating Income: 127255.0
  • Annual Operating Expense: 90364.0
  • Tenant Pays: None
  • Total Actual Rent: 18600.0

Tax Info

  • Tax Annual Amount: 4896.0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $4,270 $1,223,000 $1,087,700 $135,300
2024 $4,270 $1,220,000 $1,087,700 $132,300
2023 $4,044 $1,214,900 $1,087,700 $127,200
2022 $4,044 $1,155,400 $1,037,200 $118,200
2021 $4,321 $1,234,500 $1,113,000 $121,500
2020 $4,524 $1,292,600 $1,163,600 $129,000
2019 $4,522 $1,291,900 $1,163,600 $128,300
2018 $7,577 $1,082,400 $961,300 $121,100
2017 $3,796 $1,084,600 $936,000 $148,600
2016 $3,609 $1,031,100 $885,400 $145,700
2015 $3,198 $913,700 $751,300 $162,400
2014 -- $909,000 $751,300 $157,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2025 03/07/25 Price Changed $3,180,000 -5.9% $1,129 / Sq Ft
12/15/2024 12/15/24 For Sale $3,380,000 -- $1,200 / Sq Ft
Source: HiCentral MLS (Honolulu Board of REALTORS®)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Title Guaranty
Warranty Deed -- Title Guaranty
Warranty Deed $880,000 Ortc
Warranty Deed $470,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $650,000 No Value Available
Closed $650,000 No Value Available
Previous Owner $644,000 Commercial
Previous Owner $125,000 Commercial
Source: Public Records

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Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202428319

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-4-019-075-0000