$2,050,000
SOLD JUL 1, 2025

1420 Ward Ave Honolulu, HI 96822

Makiki Neighborhood
-- Bed
-- Bath
4,386 Sq Ft
1957 Built

Recently Sold

$467 Per Sq Ft

18% Below List Price

274 Days on Market

About This Home

As of July 2025

PRICE IMPROVEMENT!
Prime investment opportunity - proforma 6.26% cap rate! This predominantly concrete 9-unit multifamily property is excellently located on Ward Ave. in the heart of Punchbowl. Unbeatable convenience with immediate access to H1 in both directions and a short distance to the vibrant dining and shopping hubs of Kakaako and Ala Moana Shopping Center. Downtown Honolulu is just 1.5 miles away. This property has under-market rents and month-to-month tenants, offering significant upside potential. Units are in classic condition, allowing a new owner to complete a value-add campaign and boost returns even further. The property includes a spacious, fenced grassy area in the back and an area for a community garden between the buildings. Individually metered for electricity and eligible for Bill 7 development.

Please do not go on the property without the listing agent. Sale is subject to 1031 exchange.

Last Agent to Sell the Property

Michael Okamoto

Standard Management LLC Brokerage Phone: (808) 208-8107 License #RB-22000 Listed on: 09/30/2024

Last Buyer's Agent

Julian Young

Real Estate Strategies, LLC License #RS-73151

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,944

Year Built

  • Built in 1957

Lot Details

  • 5,515 Sq Ft Lot

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 4,386 Sq Ft Home
  • 2-Story Property
  • Coastline Views
  • Washer

Parking

  • 5 Parking Spaces
  • Covered Parking
  • Assigned Parking

Schools

  • Royal Elementary School
  • Stevenson Middle School
  • Roosevelt High School

Listing and Financial Details

  • Tenant pays for electricity, parking fee
  • Assessor Parcel Number 1-2-1-039-036-0000

Community Details

Overview

  • 9 Units
  • Punchbowl Lower Subdivision

Building Details

  • Operating Expense $37,500
  • Net Operating Income $74,258

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,944

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1957
  • Attribution Contact: (808) 208-8107
  • CommunityFeatures: None
  • LaundryFeatures: Other
  • NAV29_Unit_1_Appliances: Washer
  • MLS Status: Closed
  • Subdivision Name: PUNCHBOWL-LOWER
  • Unit Levels: Two, Three Or More
  • Roof: Asphalt, Other, Shingle
  • Tax Year: 2024
  • Special Features: None

Interior Features

  • Stories: 2

Exterior Features

  • Construction Type: Hollow Tile, Concrete, Wood Frame
  • Lot Features: Other
  • Property Condition: Average Condition
  • Topography: Sloping
  • View: Coastline
  • View: Yes
  • Disclosures: Call Agent

Garage/Parking

  • Parking Features: Assigned, Covered
  • Total Parking Spaces: 5.0

Utilities

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

Schools

  • Elementary School: Royal
  • High School: Roosevelt
  • Middle Or Junior School: Stevenson

Lot Info

  • Parcel Number: 1-2-1-039-036-0000
  • Zoning Description: 12 - A-2 Medium Density Apartme

Multi Family

  • Number Of Units Total: 9
  • Net Operating Income: 74258.0
  • Annual Operating Expense: 37500.0
  • Tenant Pays: Electricity, Parking Fee
  • Total Actual Rent: 9025.0

Tax Info

  • Tax Annual Amount: 4944.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 30, 2024
Closed on
Jun 26, 2025
Sold by
Allen P Y Tyau Trust and Tyau Allen P
Bought by
Y Zhang Llc
Seller's Agent
Michael Okamoto
Standard Management LLC
Buyer's Agent
Julian Young
Real Estate Strategies, LLC
List Price
$2,500,000
Sold Price
$2,050,000
Premium/Discount to List
-$450,000
-18%
Views
28

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
108.36%
Original Mortgage
$1,537,500
Outstanding Balance
$1,537,500
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$636,500

Purchase Details

Closed on
Feb 27, 2025
Sold by
Lillian S L Tyau Revocable Living Trust and Allen P Y Tyau Trust
Bought by
Allen P Y Tyau Trust and Tyau

Purchase Details

Closed on
Sep 5, 2013
Sold by
Tyau Lillian Siu Len
Bought by
Tyau Lillian S L and Tyau Allen P Y

Purchase Details

Closed on
Aug 5, 2005
Sold by
Tyau Allen P Y
Bought by
Tyau Allen P Y and Allen P Y Tyau Trust
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
Exchange Deed -- Old Republic Title
Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,537,500 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2025 07/01/25 Sold $2,050,000 -8.9% $467 / Sq Ft
11/05/2024 11/05/24 Price Changed $2,250,000 -10.0% $513 / Sq Ft
09/30/2024 09/30/24 For Sale $2,500,000 -- $570 / 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 $4,944 $1,420,300 $1,131,100 $289,200
2024 $4,944 $1,412,600 $1,131,100 $281,500
2023 $4,937 $1,410,600 $1,131,100 $279,500
2022 $4,512 $1,289,100 $1,023,400 $265,700
2021 $4,823 $1,378,000 $1,104,200 $273,800
2020 $4,908 $1,402,200 $1,104,200 $298,000
2019 $4,431 $1,265,900 $969,500 $296,400
2018 $4,139 $1,182,500 $888,700 $293,800
2017 $3,965 $1,132,800 $807,900 $324,900
2016 $3,754 $1,072,700 $754,100 $318,600
2015 $3,692 $1,054,800 $727,100 $327,700
2014 -- $1,055,700 $727,100 $328,600
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2025

    Michael Okamoto

    Standard Management LLC

  • J

    Buyer's Agent in 2025

    Julian Young

    Real Estate Strategies, LLC

See All Agents

Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202421951

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-1-039-036-0000

Hawaii Honolulu County Honolulu 96813 Makiki

1420 Ward Ave, Honolulu, HI

This home is located at 1420 Ward Ave, Honolulu, HI 96822 and is currently priced at $2,050,000, approximately $467 per square foot. This property was built in 1957. 1420 Ward Ave is a home located in Honolulu County with nearby schools including Royal Elementary School, Robert Louis Stevenson Middle School, and President Theodore Roosevelt High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

HiCentral MLS (Honolulu Board of REALTORS®) Some of the active listings appearing on this site may be listed by other REALTORS(R). If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright 2025 HiCentral MLS, Ltd

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