NOT LISTED FOR SALE

1732 Democrat St Honolulu, HI 96819

Kalihi-Palama Neighborhood

Estimated Value: $1,255,214 - $1,803,000

-- Bed
-- Bath
3,610 Sq Ft
$413/Sq Ft Est. Value

Last Sold November 12, 2020

Last sale price $1,210,000 $335 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $8,386/month

94 Days on Market

About This Home

As of November 2020

Valuable commercial-zoned lot with a Hollow tile Apartment Building with 6 units. Each unit has 2-bedrooms / 1 bathroom @ $1300-$1350 / month. (Ask me for pre-Covid numbers.) Five Hollow-tile units were built in 1962, each w/a lanai. In 2004, the original wooden unit was renovated with steel studs, new plumbing and electricals and new Landmark 50 asphalt shingle roof. Hollow tile building was reroofed in 2006 by Torys. 5 assigned parking stalls and unmetered street parking. Property is being conveyed in as is condition. Located close to freeway access; 3 blocks from Dillingham Blvd, the upcoming rail and Amazon soon. Managed by Property Profiles (Lurline Johnson). Seller prefers to escrow with David Palk / Fidelity National Title. PLEASE DO NOT WALK ON TO THE PROPERty WITHOUT AN APPOINTMENT.

Last Agent to Sell the Property

Nedra Chung

Nedra Chung Realty, LLC License #RB-16980 Listed on: 07/11/2020

Last Buyer's Agent

John Riggins

John Riggins Real Estate License #RB-11175

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,809

Year Built

  • Built in 1962

Lot Details

  • 5,000 Sq Ft Lot
  • Level Lot

Home Design

  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 3,610 Sq Ft Home
  • 2-Story Property
  • Property Views

Parking

  • 5 Parking Spaces
  • Open Parking
  • Assigned Parking

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 1-1-2-005-125-0000

Community Details

Overview

  • 6 Units
  • Kapalama Subdivision

Building Details

  • Operating Expense $24,085
  • Net Operating Income $54,589

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,809

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1962
  • CommunityFeatures: None
  • Road Frontage Type: Other
  • LaundryFeatures: None
  • MLS Status: Closed
  • Subdivision Name: KAPALAMA
  • Unit Levels: Two
  • Roof: Asphalt, Other, Shingle
  • Tax Year: 2020
  • Special Features: None

Interior Features

  • Furnished: Partially
  • Stories: 2

Exterior Features

  • Construction Type: Hollow Tile
  • Lot Features: Other, Level
  • Property Condition: Average Condition
  • Topography: Level
  • View: Other
  • View: Yes
  • Disclosures: Familial Relation, Principal is Real Estate Licensed, Seller Disclosure, See Remarks

Garage/Parking

  • Parking Features: Assigned, Open
  • Total Parking Spaces: 5.0
  • Open Parking: Yes

Utilities

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

Lot Info

  • Parcel Number: 1-1-2-005-125-0000
  • Zoning Description: 42 - I-2 General Industrial Dis

Multi Family

  • Number Of Units Total: 6
  • Net Operating Income: 54589.0
  • Annual Operating Expense: 24085.0
  • Tenant Pays: Electricity
  • Total Actual Rent: 7900.0

Tax Info

  • Tax Annual Amount: 3809.4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 26, 2022
Sold by
Yusif Hasan Amjad and Amjad Eman
Bought by
Joe Hasan Llc
Current Estimated Value
$1,491,071

Purchase Details

Listed on
Jul 11, 2020
Closed on
Nov 5, 2020
Sold by
Homerule Holdings Llc
Bought by
Hasan Amjad Yusif and Hasan Eman Amjad
Seller's Agent
Nedra Chung
Nedra Chung Realty, LLC
Buyer's Agent
John Riggins
John Riggins Real Estate
List Price
$1,600,000
Sold Price
$1,210,000
Premium/Discount to List
-$390,000
-24.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.97%
Original Mortgage
$968,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 3, 2004
Sold by
Fu Stephen Glenn and Fu Kathy Yae
Bought by
Homerule Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,500
Interest Rate
5.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 17, 2001
Sold by
Fu Stephen Glenn and Fu Kathy Yae
Bought by
Fu Stephen Glenn and Fu Kathy Yae

Purchase Details

Closed on
Feb 12, 1997
Sold by
Inouye Fukuso and Inouye Florence Fusae
Bought by
Fu Stephen Glenn and Fu Kathy Yae

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
7.85%
Mortgage Type
Seller Take Back
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
Joe Hasan Llc -- --
Joe Hasan Llc -- --
Hasan Amjad Yusif $1,210,000 Fntic
Hasan Amjad Yusif $1,210,000 Fntic
Homerule Holdings Llc $630,000 --
Fu Stephen Glenn -- --
Fu Stephen Glenn $470,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hasan Amjad Yusif $1,338,750
Previous Owner Hasan Amjad Yusif $968,000
Previous Owner Homerule Holdings Llc $700,000
Previous Owner Homerule Holdings Llc $460,000
Previous Owner Homerule Holdings Llc $100,000
Previous Owner Homerule Holdings Llc $100,000
Previous Owner Homerule Holdings Llc $472,500
Previous Owner Fu Stephen Glenn $260,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2020 11/12/20 Sold $1,210,000 -24.4% $335 / Sq Ft
10/13/2020 10/13/20 Pending -- -- --
07/11/2020 07/11/20 For Sale $1,600,000 0.0% $443 / Sq Ft
07/23/2013 07/23/13 Rented $1,100 0.0% --
07/23/2013 07/23/13 For Rent $1,100 -- --
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 $5,308 $1,523,100 $1,300,000 $223,100
2024 $5,308 $1,516,700 $1,300,000 $216,700
2023 $5,306 $1,516,100 $1,300,000 $216,100
2022 $5,229 $1,493,900 $1,100,000 $393,900
2021 $3,845 $1,098,700 $975,000 $123,700
2020 $3,809 $1,088,400 $950,000 $138,400
2019 $3,276 $1,012,700 $875,000 $137,700
2018 $3,276 $935,900 $800,000 $135,900
2017 $3,159 $902,700 $750,000 $152,700
2016 $2,974 $849,700 $700,000 $149,700
2015 $2,742 $783,500 $625,000 $158,500
2014 -- $750,800 $600,000 $150,800
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2020

    Nedra Chung

    Nedra Chung Realty, LLC

    (808) 778-5858

    1 in this area

    16 Total Sales

    Nedra Chung
    Section Image
  • John Riggins

    Buyer's Agent in 2020

    John Riggins

    John Riggins Real Estate

    (808) 341-0737

    1 in this area

    24 Total Sales

    John Riggins
    Section Image
  • Lurline Johnson

    Seller's Agent in 2013

    Lurline Johnson

    Property Profiles, Inc.

    (808) 741-1180

    25 Total Sales

    Lurline Johnson
    Section Image
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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202016983

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-1-2-005-125-0000

Hawaii Honolulu County Honolulu 96819 Kalihi-Palama

1732 Democrat St, Honolulu, HI

This home is located at 1732 Democrat St, Honolulu, HI 96819 since 11 July 2020 and is currently estimated at $1,491,071, approximately $413 per square foot. This property was built in 1962. 1732 Democrat 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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