$1,850,000
SOLD NOV 6, 2023
-- Bed
-- Bath
3,224 Sq Ft
1964 Built

Recently Sold

$574 Per Sq Ft

9% Below List Price

117 Days on Market

Highlights

  • Property is in very good condition
  • Gentle Sloping Lot
  • 4-minute walk to Peter Buck Park

About This Home

As of November 2023

Where else can you earn a 5.78% Cap Rate on Existing Income & Expenses IN TOWN?? Rarely available neighborhood with excellent return. Clean, well-positioned building with easy access to the freeway in all directions. Seasoned, stable income from long-term tenants with well-tended plants make this building extremely welcoming, warm, and easy to rent. Brand new paint and spacious units with nice layout. Legal, non-conforming use means you can get a loan on all 8 units. Hollow tile construction, all tenants are separately metered for electric, one water meter. One renovated unit now renting for $1700, so potential income is greater than stated, 1 parking stall is tandem.

Last Agent to Sell the Property

Christina Dwight

Commercial Inv. Strategies License #RB-20978 Listed on: 07/12/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,079

Year Built

  • Built in 1964 | Remodeled in 2023

Lot Details

  • 5,000 Sq Ft Lot
  • Gentle Sloping Lot
  • Cleared Lot
  • Property is in very good condition

Home Design

  • Masonry

Interior Spaces

  • 3,224 Sq Ft Home
  • 2-Story Property
  • Partially Furnished

Parking

  • 7 Parking Spaces
  • Open Parking
  • Assigned Parking

Utilities

  • Gas Available
  • Sewer Tap Fee
  • Internet Available
  • Phone Available
  • Cable TV Available

Community Details

  • 8 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,079

Year Built

Built in 1964 | Remodeled in 2023

Lot Details

0

Listing Details

  • PropertyFrontage: Other
  • Property Sub Type: Multi-Family
  • Prop. Type: Multi-Family
  • Fill Sq Ft Total: 3224
  • Stories Type: Two
  • Year Built: 1964
  • Year Renovated: 2023
  • Attribution Contact: (808) 429-1098
  • Special Features: NewHome
  • Stories: 2

Interior Features

  • Amenities: None
  • Furnished: Partial

Exterior Features

  • Construction Type: Hollow Tile, Masonry/Stucco
  • Easements: Driveway
  • Flood Zone: Zone X
  • Lot Features: Clear
  • Property Condition: Above Average
  • Topography: Gentle Slope
  • View: None

Garage/Parking

  • Parking Features: Assigned, Open
  • Total Parking Spaces: 7

Utilities

  • Utilities: Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
  • Sewer: Connected

Multi Family

  • Number Of Units Total: 8

Tax Info

  • Tax Annual Amount: 3079.32

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2023
Closed on
Oct 31, 2023
Sold by
Green Tree Property Inc
Bought by
Bosco Llc
Seller's Agent
Christina Dwight
Commercial Inv. Strategies
List Price
$2,025,000
Sold Price
$1,850,000
Premium/Discount to List
-$175,000
-8.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.33%
Original Mortgage
$1,200,000
Outstanding Balance
$1,180,996
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$741,138

Purchase Details

Closed on
Feb 24, 2023
Sold by
Lum Ernest K F
Bought by
Green Tree Property Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,275,000
Interest Rate
6.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 29, 2002
Sold by
Ito Daryl Akio
Bought by
Lum Chew Young

Purchase Details

Closed on
Feb 17, 1995
Sold by
Kawasaki Perry Yasuo and Kawasaki James T
Bought by
Kawasaki Perry Yasuo and Murata Helen Sumako
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed -- Fam
Deed -- First American Title Of Hawaii
Warranty Deed $495,000 --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,200,000 New Conventional
Previous Owner $1,275,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2025 05/22/25 For Sale $2,050,000 +10.8% $636 / Sq Ft
11/06/2023 11/06/23 Sold $1,850,000 0.0% $574 / Sq Ft
11/06/2023 11/06/23 Off Market $1,850,000 -- --
07/12/2023 07/12/23 For Sale $2,025,000 -- $628 / Sq Ft
Source: HiCentral MLS (Honolulu Board of REALTORS®)

Tax History Compared to Growth

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 $3,659 $1,049,600 $725,000 $324,600
2024 $3,659 $1,045,500 $725,000 $320,500
2023 $3,079 $879,800 $688,800 $191,000
2022 $2,779 $793,900 $617,500 $176,400
2021 $2,818 $805,000 $617,500 $187,500
2020 $3,027 $864,800 $665,000 $199,800
2019 $2,627 $750,700 $546,300 $204,400
2018 $2,605 $744,300 $546,300 $198,000
2017 $2,773 $792,400 $546,300 $246,100
2016 $2,779 $794,000 $546,300 $247,700
2015 $2,937 $839,000 $550,000 $289,000
2014 -- $762,100 $475,000 $287,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202316412

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-1-6-015-013-0000