NOT LISTED FOR SALE

1720 Kalani St Honolulu, HI 96819

Kalihi-Palama Neighborhood

Estimated Value: $2,866,000 - $2,965,000

-- Bed
-- Bath
6,984 Sq Ft
$418/Sq Ft Est. Value

Last Sold September 30, 2020

Last sale price $2,450,000 $351 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $16,558/month

63 Days on Market

Highlights

  • City View
  • Property is in excellent condition
  • Level Lot
  • Coin Laundry

About This Home

As of September 2020

NEWLY REMODELED! Turnkey 10 unit building (3 units fully remodeled). NEW Painting, Spalling Repair, Parking Lot Paving & Striping, Tree Removal, Un-permitted Structure Removal, Electrical and Plumbing Repairs, Mechanical Gate Repaired, Rents Upgraded to MARKET RATES, only 1 vacancy (currently but will be rented before closing). Coin Op Laundry. 4.4% cap

Last Agent to Sell the Property

Alan Christopher

CBI Residential Advisory Svcs. License #RB-20664 Listed on: 06/29/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,622

Year Built

  • Built in 1966

Lot Details

  • 5,000 Sq Ft Lot
  • Level Lot
  • Property is in excellent condition

Home Design

  • Tar and Gravel Roof

Interior Spaces

  • 3-Story Property
  • City Views

Parking

  • 7 Parking Spaces
  • Assigned Parking

Listing and Financial Details

  • Tenant pays for air conditioning, cable TV, electricity
  • Assessor Parcel Number 1-1-2-003-051-0000

Community Details

Overview

  • 10 Units
  • Kapalama Subdivision

Amenities

  • Coin Laundry

Building Details

  • Operating Expense $51,108
  • Net Operating Income $119,252

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,622

Year Built

Built in 1966

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1966
  • CommunityFeatures: None
  • LaundryFeatures: Coin-operated
  • MLS Status: Closed
  • Subdivision Name: KAPALAMA
  • Unit Levels: Three Or More
  • Roof: Tar/Gravel
  • Tax Year: 2020
  • Special Features: None

Exterior Features

  • Construction Type: Hollow Tile, Concrete
  • Lot Features: Cleared, Level
  • Property Condition: Excellent, Good Condition
  • Topography: Level
  • View: City
  • View: Yes
  • Disclosures: 1031 Exchange, None

Garage/Parking

  • Parking Features: Assigned
  • Total Parking Spaces: 7.0

Utilities

  • Utilities: Above Ground Utilities, Cable Available, Electricity Available, Sewer Available, Water Available, Sewer Connected
  • Sewer: Connected
  • Water Source: Public

Lot Info

  • Parcel Number: 1-1-2-003-051-0000
  • Zoning Description: 46 - IMX-1 Industrial-Commercia

Multi Family

  • Number Of Units Total: 10
  • Net Operating Income: 119252.0
  • Annual Operating Expense: 51108.0
  • Tenant Pays: Air Conditioning, Cable TV, Electricity
  • Total Actual Rent: 168360.0

Tax Info

  • Tax Annual Amount: 4622.16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2020
Closed on
Sep 24, 2020
Sold by
Kalani Dragon Llc
Bought by
Chen Phung Thi and Xan Sy Chen Revocable Trust
Seller's Agent
Alan Christopher
CBI Residential Advisory Svcs.
List Price
$2,700,000
Sold Price
$2,450,000
Premium/Discount to List
-$250,000
-9.26%
Current Estimated Value
$2,919,022

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$469,022
Avg. Annual Appreciation
3.25%
Original Mortgage
$1,100,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 22, 2020
Closed on
Feb 12, 2020
Sold by
Chen Phung Thi and Xan Sy Chen Revocable Trust
Bought by
Kalani Dragon Lc
Seller's Agent
Alan Christopher
CBI Residential Advisory Svcs.
List Price
$2,200,000
Sold Price
$1,999,999
Premium/Discount to List
-$200,001
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.19%
Original Mortgage
$1,261,000
Interest Rate
3.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 25, 2011
Sold by
Chen Xan Sy and Chen Phung Thi
Bought by
Chen Xan Sy and Chen Phung Thi

Purchase Details

Closed on
Mar 10, 2003
Sold by
Iwaki Melvyn T
Bought by
Chen Xan Sy and Chen Phung Thi

Purchase Details

Closed on
Apr 23, 1996
Sold by
Agmata Victor and Agmata Victor
Bought by
Iwaki Melvyn T
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
Chen Phung Thi $2,450,000 Or
Chen Phung Thi $2,450,000 Or
Kalani Dragon Lc $1,999,999 Tg
Kalani Dragon Lc $1,999,999 Tg
Chen Xan Sy -- None Available
Chen Xan Sy $650,000 --
Iwaki Melvyn T $510,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chen Phung Thi $1,500,000
Closed Chen Phung Thi $1,100,000
Previous Owner Kalani Dragon Llc $1,261,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2020 09/30/20 Sold $2,450,000 -9.3% $351 / Sq Ft
08/31/2020 08/31/20 Pending -- -- --
06/29/2020 06/29/20 For Sale $2,700,000 +35.0% $387 / Sq Ft
01/22/2020 01/22/20 Sold $1,999,999 -9.1% $286 / Sq Ft
01/22/2020 01/22/20 For Sale $2,200,000 -- $315 / 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 $7,837 $2,255,300 $1,300,000 $955,300
2024 $7,837 $2,239,100 $1,300,000 $939,100
2023 $7,811 $2,231,700 $1,300,000 $931,700
2022 $6,905 $1,972,800 $1,100,000 $872,800
2021 $6,602 $1,886,400 $975,000 $911,400
2020 $4,892 $1,397,700 $950,000 $447,700
2019 $4,622 $1,320,600 $875,000 $445,600
2018 $4,356 $1,244,500 $800,000 $444,500
2017 $3,960 $1,131,500 $750,000 $381,500
2016 $3,799 $1,085,400 $700,000 $385,400
2015 $3,472 $992,000 $625,000 $367,000
2014 -- $1,063,300 $600,000 $463,300
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2020

    Alan Christopher

    CBI Residential Advisory Svcs.

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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202015157

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-1-2-003-051-0000

Hawaii Honolulu County Honolulu 96819 Kalihi-Palama

1720 Kalani St, Honolulu, HI

This home is located at 1720 Kalani St, Honolulu, HI 96819 since 29 June 2020 and is currently estimated at $2,919,022, approximately $417 per square foot. This property was built in 1966. 1720 Kalani St is a home located in Honolulu County with nearby schools including Pu'uhale Elementary School, King David Kalakaua 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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