NOT LISTED FOR SALE

1643 Piikoi St Honolulu, HI 96822

Makiki Neighborhood

Estimated Value: $3,789,000 - $4,785,881

-- Bed
1 Bath
9,357 Sq Ft
$458/Sq Ft Est. Value

Last Sold May 31, 2019

Last sale price $4,250,000 $454 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $23,383/month

21 Days on Market

Highlights

  • City View
  • Coin Laundry
  • Property is in excellent condition
  • President Abraham Lincoln Elementary School Rated A-

About This Home

As of May 2019

Well-maintained, excellent location, 4 story hollow-tile walk up with 15 units (1 three, 2 ones, 12 twos), 16 parking spaces, secure owned laundry with two washers and two dryers. Super stable tenant pool in desirable, well-established apartment area. Excellent income of over $263K per year and some units newly renovated with older units in good, rentable condition.

Last Agent to Sell the Property

Christina Dwight

Commercial Inv. Strategies License #RB-20978 Listed on: 04/10/2019

Last Buyer's Agent

Garrett Kuroda

Real Broker License #RB-23590

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,246

Year Built

  • Built in 1970

Lot Details

  • 6,668 Sq Ft Lot
  • Property is in excellent condition

Home Design

  • Tar and Gravel Roof

Interior Spaces

  • 9,357 Sq Ft Home
  • 3-Story Property
  • City Views

Laundry

  • Dryer
  • Washer

Parking

  • 16 Parking Spaces
  • Assigned Parking

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 1-2-4-030-036-0000

Community Details

Overview

  • 15 Units
  • Makiki Subdivision

Amenities

  • Coin Laundry

Building Details

  • Operating Expense $57,490
  • Net Operating Income $206,150

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,246

Year Built

Built in 1970

Lot Details

0

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: MAKIKI
  • Unit Levels: Three Or More
  • Roof: Tar/Gravel
  • Tax Year: 2018
  • Special Features: None

Exterior Features

  • Construction Type: Hollow Tile
  • Lot Features: Cleared, Interior Lot
  • Property Condition: Excellent
  • Topography: Sloping
  • View: City
  • View: Yes
  • Disclosures: None

Garage/Parking

  • Parking Features: Assigned
  • Total Parking Spaces: 16.0

Utilities

  • Utilities: Above Ground Utilities, Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Sewer Available, Water Available, Sewer Connected
  • Sewer: Connected
  • Water Source: Public

Lot Info

  • Parcel Number: 1-2-4-030-036-0000
  • Zoning Description: 12 - A-2 Medium Density Apartme

Multi Family

  • Number Of Units Total: 15
  • Net Operating Income: 206150.0
  • Annual Operating Expense: 57490.0
  • Tenant Pays: Electricity
  • Total Actual Rent: 21850.0

Tax Info

  • Tax Annual Amount: 7246.44

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2019
Closed on
May 28, 2019
Sold by
W T Chock Family Lp
Bought by
Joon And Mike Corp
Seller's Agent
Christina Dwight
Commercial Inv. Strategies
Buyer's Agent
Garrett Kuroda
Real Broker
List Price
$4,250,000
Sold Price
$4,250,000
Current Estimated Value
$4,287,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,441
Avg. Annual Appreciation
0.14%
Original Mortgage
$2,000,000
Outstanding Balance
$1,758,489
Interest Rate
4.1%
Mortgage Type
Commercial
Estimated Equity
$2,528,952
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 Buyer Sale Price Title Company
Joon And Mike Corp -- Fam
Joon And Mike Corp -- Fam
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Joon And Mike Corp $2,000,000
Closed Joon And Mike Corp $2,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2019 05/31/19 Sold $4,250,000 0.0% $454 / Sq Ft
05/01/2019 05/01/19 Pending -- -- --
04/10/2019 04/10/19 For Sale $4,250,000 -- $454 / 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 $11,295 $3,249,100 $1,594,000 $1,655,100
2024 $11,295 $3,227,100 $1,594,000 $1,633,100
2023 $10,161 $3,201,800 $1,594,000 $1,607,800
2022 $10,161 $2,903,200 $1,562,800 $1,340,400
2021 $9,947 $2,842,000 $1,437,700 $1,404,300
2020 $10,300 $2,942,800 $1,437,700 $1,505,100
2019 $7,137 $2,294,800 $1,437,700 $857,100
2018 $7,137 $2,039,000 $1,187,700 $851,300
2017 $7,246 $2,070,400 $1,156,400 $914,000
2016 $7,043 $2,012,400 $1,093,900 $918,500
2015 $6,453 $1,843,600 $968,900 $874,700
2014 -- $1,682,600 $812,600 $870,000
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2019

    Christina Dwight

    Commercial Inv. Strategies

    (808) 429-1098

    7 in this area

    63 Total Sales

    Christina Dwight
    Section Image
  • Garrett Kuroda

    Buyer's Agent in 2019

    Garrett Kuroda

    Real Broker

    (808) 722-7775

    3 in this area

    44 Total Sales

    Garrett Kuroda
    Section Image
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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 201910415

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-4-030-036-0000

Hawaii Honolulu County Honolulu 96822 Makiki

1643 Piikoi St, Honolulu, HI

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