NOT LISTED FOR SALE

1435 Middle St Honolulu, HI 96819

Kalihi Valley Neighborhood

Estimated Value: $4,503,906

-- Bed
12 Baths
8,112 Sq Ft
$555/Sq Ft Est. Value

Last Sold October 14, 2016

Last sale price $2,400,000 $296 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $26,994/month

119 Days on Market

Highlights

  • City View
  • Community Storage Space
  • 3-minute walk to Honolulu City Fern Park
  • Level Lot

About This Home

As of October 2016

Three story walk-up apartment building in convenient Kalihi. Ten two bedroom, 1 bath units, each equipped with washer/dryer hook-ups on the lanai. Three commercial units on the ground floor and bonus storage room, can be converted to management office. Minutes from downtown Honolulu, easy access to the freeways, and bus stop in front of building. Long term terms, great potential! One unit available for showing. Income and expense data based on 2015 figures.

Last Agent to Sell the Property

Garrett Taira

AMG Realty Inc License #RB-22114 Listed on: 05/18/2016

Last Buyer's Agent

Esther Kusunoki

List Sotheby's Int'l Realty License #RB-21002

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,623

Year Built

  • Built in 1966

Lot Details

  • 10,361 Sq Ft Lot
  • Level Lot

Interior Spaces

  • 8,112 Sq Ft Home
  • 3-Story Property
  • City Views

Parking

  • 13 Parking Spaces
  • Open Parking
  • Assigned Parking

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 1-1-3-012-025-0000

Community Details

Overview

  • 13 Units
  • Kalihi Lower Subdivision

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $53,260
  • Net Operating Income $61,940

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,623

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1966
  • CommunityFeatures: None, Storage Facilities
  • Road Frontage Type: Other
  • LaundryFeatures: None
  • MLS Status: Closed
  • Subdivision Name: KALIHI-LOWER
  • Unit Levels: Three Or More
  • Roof: Other
  • Tax Year: 2015
  • Special Features: None

Interior Features

  • Furnished: Partially

Exterior Features

  • Construction Type: Hollow Tile
  • Lot Features: Other, Level
  • Property Condition: Average Condition
  • Topography: Level
  • View: City
  • View: Yes
  • Disclosures: Seller Disclosure

Garage/Parking

  • Parking Features: Assigned, Open
  • Total Parking Spaces: 13.0
  • Open Parking: Yes

Utilities

  • Utilities: Cable Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available, Sewer Connected
  • Sewer: Connected
  • Water Source: Public

Lot Info

  • Parcel Number: 1-1-3-012-025-0000
  • Zoning Description: 07 - R-3.5 Residential District

Multi Family

  • Number Of Units Total: 13
  • Net Operating Income: 61940.0
  • Annual Operating Expense: 53260.0
  • Tenant Pays: Cable TV, Electricity
  • Total Actual Rent: 9600.0

Tax Info

  • Tax Annual Amount: 23623.2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 22, 2017
Sold by
Middle Dragon Llc
Bought by
Lee Tommy Man Wah and Lee Lori Leiko
Current Estimated Value
$4,503,906

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$417,885
Interest Rate
4.02%
Mortgage Type
Commercial
Estimated Equity
$4,086,021

Purchase Details

Listed on
May 18, 2016
Closed on
Oct 11, 2016
Sold by
Niizawa Mae Momoyo and Niizawa Masako
Bought by
Mille Dragon Llc
Seller's Agent
Garrett Taira
AMG Realty Inc
Buyer's Agent
Esther Kusunoki
List Sotheby's Int'l Realty
List Price
$2,700,000
Sold Price
$2,400,000
Premium/Discount to List
-$300,000
-11.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.35%
Original Mortgage
$1,800,000
Interest Rate
3.46%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 29, 2007
Sold by
Niizawa Roy
Bought by
Niizawa Roy and Roy & Sandra Niizawa Family Trust

Purchase Details

Closed on
Apr 1, 2002
Sold by
Niizawa Nicole Taeko and Niizawa Scott Kiyoshi
Bought by
Niizawa Mae Momoyo and Niizawa Clarence Shoichi

Purchase Details

Closed on
Jan 4, 2002
Sold by
Niizawa Todd Yoshio and Uehara Iris Yuriko
Bought by
Niizawa Mae Momoyo and Niizawa Clarence Shoichi

Purchase Details

Closed on
Mar 19, 2001
Sold by
Niizawa Carl Shoji and Niizawa Guy Tadashi
Bought by
Niizawa May Momoyo and Niizawa Clarence Shoichi

Purchase Details

Closed on
Nov 19, 1996
Sold by
Niizawa Chisao
Bought by
Niizawa Mae Momoyo and Niizawa Clarence Shoichi

Purchase Details

Closed on
Dec 27, 1994
Sold by
Niizawa Chisao
Bought by
Niizawa Mae Momoyo and Niizawa Clarence Shoichi
Source: Public Records

Range of Values:

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Average Value
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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
Lee Tommy Man Wah $3,500,000 Fam
Lee Tommy Man Wah $3,500,000 Fam
Mille Dragon Llc $2,400,000 Fam
Mille Dragon Llc $2,400,000 Fam
Niizawa Roy -- None Available
Niizawa Mae Momoyo -- --
Niizawa Mae Momoyo -- --
Niizawa May Momoyo -- --
Niizawa Mae Momoyo -- --
Niizawa Mae Momoyo -- --
Niizawa Mae Momoyo -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lee Tommy Man Wah $500,000
Closed Lee Tommy Man Wah $500,000
Previous Owner Mille Dragon Llc $1,800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2016 10/14/16 Sold $2,400,000 -11.1% $296 / Sq Ft
09/14/2016 09/14/16 Pending -- -- --
05/18/2016 05/18/16 For Sale $2,700,000 -- $333 / 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 $30,015 $2,428,600 $1,498,500 $930,100
2024 $30,015 $2,420,600 $1,498,500 $922,100
2023 $27,496 $2,350,300 $1,455,600 $894,700
2022 $27,496 $2,217,400 $1,370,000 $847,400
2021 $28,108 $2,266,800 $1,370,000 $896,800
2020 $28,119 $2,267,700 $1,327,200 $940,500
2019 $27,274 $2,199,500 $1,241,600 $957,900
2018 $25,327 $2,042,500 $1,116,300 $926,200
2017 $24,371 $1,965,400 $1,076,500 $888,900
2016 $24,407 $1,968,300 $1,076,500 $891,800
2015 $23,623 $1,905,100 $1,036,600 $868,500
2014 -- $1,858,700 $996,700 $862,000
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2016

    Garrett Taira

    AMG Realty Inc

  • E

    Buyer's Agent in 2016

    Esther Kusunoki

    List Sotheby's Int'l Realty

See All Agents

Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 201612334

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-1-3-012-025-0000

Hawaii Honolulu County Honolulu 96819 Kalihi Valley

1435 Middle St, Honolulu, HI

This home is located at 1435 Middle St, Honolulu, HI 96819 since 18 May 2016 and is currently estimated at $4,503,906, approximately $555 per square foot. This property was built in 1966. 1435 Middle St is a home located in Honolulu County with nearby schools including Mayor Joseph J Fern Elementary School, Governor Sanford B Dole Middle School, and Gov. Wallace Rider Farrington 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.

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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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