$14,000,000

Estimated payment $74,401/month

Total Views 20,703
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • City View
  • Resident Manager or Management On Site
  • High Speed Internet
  • 13,900 Sq Ft lot
  • Coin Laundry
  • 5-minute walk to Pawaa In-Ha Park

About This Home

Have you been looking for an established apartment building with overflowing investment potential and an unparalleled location? You’re in luck! This 42-unit apartment building is perfectly situated in the coveted historic neighborhood of Moiliili close to many restaurants, stores, schools, Kapiolani Medical Center (0.6-miles), Ala Moana Center (0.9-miles), University of Hawaii at Manoa (1.1-miles), and Downtown Honolulu (2.1-miles). Equipped with a gated lower-level parking lot and an upper-level parking lot, this building features 42 1BR/1BA units, 1:1 parking ratio, solid concrete construction, keyed elevator, trash chutes on each level, and a secured community laundry room with 4 washers and 4 dryers. Other considerations include separate electric meters, lovely views, loading zone area, and much more! Call now to find out more about adding this building to your investment portfolio! NOI is actual with many under market rent units. Please contact Listor with additional questions and interior showings will be subjected to accepted offer. Please submit offers on the Commercial Purchase and Sale Agreement form. DO NOT DISTURB tenants.

Listing Agent

Derek Lau

Real Estate Specialists Brokerage Phone: (808) 791-3709 License #RB-19796 Listed on: 02/20/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,560

Year Built

  • Built in 1973

Lot Details

  • 0.32 Acre Lot
  • Level Lot
  • Cleared Lot
  • Property is in good condition

Property Views

  • City
  • Mountain

Interior Spaces

  • 3-Story Property

Laundry

  • Dryer
  • Washer

Parking

  • 42 Parking Spaces
  • Covered Parking
  • Open Parking
  • Assigned Parking

Utilities

  • Above Ground Utilities
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 1-2-8-001-037-0000

Community Details

Overview

  • 42 Units
  • Moiliili Subdivision

Amenities

  • Trash Chute
  • Coin Laundry

Building Details

  • Operating Expense $242,755
  • Net Operating Income $174,898

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,560

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1973
  • Attribution Contact: (808) 791-3709
  • CommunityFeatures: Trash Chute
  • LaundryFeatures: Coin-operated
  • NAV29_Unit_1_Appliances: Dryer, Washer
  • Association Amenities: Management
  • MLS Status: Active
  • Subdivision Name: MOILIILI
  • Unit Levels: Three Or More
  • Roof: Other
  • Tax Year: 2023
  • Special Features: VirtualTour

Exterior Features

  • Construction Type: Concrete
  • Lot Features: Cleared, Level
  • Property Condition: Good Condition
  • Topography: Level
  • View: City, Mountain(s)
  • View: Yes
  • Disclosures: None

Garage/Parking

  • Parking Features: Assigned, Covered, Open
  • Total Parking Spaces: 42.0
  • Open Parking: Yes

Utilities

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

Lot Info

  • Parcel Number: 1-2-8-001-037-0000
  • Zoning Description: 17 - AMX-2 Medium Density Apt M

Multi Family

  • Number Of Units Total: 42
  • Net Operating Income: 174898.0
  • Annual Operating Expense: 242755.0
  • Tenant Pays: Cable TV, Electricity, Other
  • Total Actual Rent: 34655.0

Tax Info

  • Tax Annual Amount: 19560.0

Map

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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 $20,011 $5,730,200 $3,210,600 $2,519,600
2024 $20,011 $5,717,300 $3,210,600 $2,506,700
2023 $19,554 $5,586,900 $3,093,900 $2,493,000
2022 $18,284 $5,224,000 $2,918,800 $2,305,200
2021 $18,348 $5,242,200 $2,802,000 $2,440,200
2020 $18,900 $5,399,900 $2,802,000 $2,597,900
2019 $18,459 $5,274,100 $2,626,900 $2,647,200
2018 $17,340 $4,954,300 $2,393,400 $2,560,900
2017 $16,848 $4,813,700 $2,335,000 $2,478,700
2016 $16,268 $4,648,000 $2,159,900 $2,488,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2025 02/25/25 Rented $1,500 0.0% --
01/17/2025 01/17/25 For Rent $1,500 0.0% --
02/20/2024 02/20/24 For Sale $14,000,000 -- --
Source: HiCentral MLS (Honolulu Board of REALTORS®)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Tg
Warranty Deed -- Tg
Warranty Deed $4,170,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $4,300,000 No Value Available
Closed $4,300,000 No Value Available
Source: Public Records

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202403902

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-8-001-037-0000