NOT LISTED FOR SALE

Estimated Value: $4,840,376 - $5,046,000

-- Bed
-- Bath
6,989 Sq Ft
$707/Sq Ft Est. Value

Last Sold April 05, 2019

Last sale price $3,650,000 $522 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $28,477/month

64 Days on Market

Highlights

  • City View
  • Level Lot
  • 1-minute walk to McCully District Park

About This Home

As of April 2019

SOLID CONCRETE 3 STORY BUILDING. 5000 sf land with 6989 sf interior sf. 714 sf of lanai
(1) THREE BEDROOM 2 BATHROOM (1) 3 BEDROOM 1 BATH (6) TWO BEDROOM (2) ONE BEDROOM. (12) PARKING.
(11) ELECTRICITY METERS (1) WATER METER. (9) UNIT RENOVATED. Individual washer hook-ups available in each unit. 100% occupied.

Last Agent to Sell the Property

Joannie Hsieh

Central Pacific Properties Inc License #RB-17499 Listed on: 01/01/2019

Last Buyer's Agent

Thomas Won

Real Estate 90 License #RB-14399

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,396

Year Built

  • Built in 1967

Lot Details

  • 5,000 Sq Ft Lot
  • Level Lot

Home Design

  • Tar and Gravel Roof

Interior Spaces

  • 6,989 Sq Ft Home
  • 3-Story Property
  • City Views
  • Laundry in unit

Parking

  • 12 Parking Spaces
  • Covered Parking
  • Open Parking
  • Assigned Parking

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 1-2-3-029-018-0000

Community Details

Overview

  • 10 Units
  • Mccully Subdivision

Building Details

  • Operating Expense $50,636
  • Net Operating Income $145,288

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,396

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1967
  • CommunityFeatures: None
  • Road Frontage Type: Other
  • LaundryFeatures: In Unit
  • MLS Status: Closed
  • Subdivision Name: MCCULLY
  • Unit Levels: Three Or More
  • Roof: Tar/Gravel
  • Tax Year: 2018
  • Special Features: None

Interior Features

  • Furnished: Partially

Exterior Features

  • Construction Type: Hollow Tile, Masonry, Concrete, Stucco
  • Lot Features: Cleared, Corner Lot, Level
  • Property Condition: Good Condition
  • Topography: Level
  • View: City
  • View: Yes
  • Disclosures: None

Garage/Parking

  • Parking Features: Assigned, Covered, Open
  • Total Parking Spaces: 12.0
  • Open Parking: Yes

Utilities

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

Lot Info

  • Parcel Number: 1-2-3-029-018-0000
  • Zoning Description: 12 - A-2 Medium Density Apartme

Multi Family

  • Number Of Units Total: 10
  • Net Operating Income: 145288.48
  • Annual Operating Expense: 50635.54
  • Tenant Pays: Cable TV, Electricity, Gas
  • Total Actual Rent: 16327.0

Tax Info

  • Tax Annual Amount: 6396.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 16, 2021
Sold by
Robak Hans-Juergen and Robak Sachiko
Bought by
Hans J Robak Living Trust and Robak
Total Days on Market
64
Current Estimated Value
$4,943,188

Purchase Details

Listed on
Jan 1, 2019
Closed on
Mar 28, 2019
Sold by
Seki Franklin S and Seki Beverly Ann
Bought by
Robak Hans Juergen
Seller's Agent
Joannie Hsieh
Central Pacific Properties Inc
Buyer's Agent
Thomas Won
Real Estate 90
List Price
$3,875,000
Sold Price
$3,650,000
Premium/Discount to List
-$225,000
-5.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.04%

Purchase Details

Closed on
Jan 14, 2016
Sold by
1807 Waiola Llc
Bought by
The Franklin & Beverly Seki Living Trust and Seki Beverly Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,137,500
Interest Rate
3.92%
Mortgage Type
Commercial

Purchase Details

Closed on
May 28, 2015
Sold by
Young Stanley Howard
Bought by
1807 Waiola Llc

Purchase Details

Closed on
Jun 26, 2008
Sold by
Sii Llc
Bought by
Young Stanley Howard and Wai Yun Young Revocable Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
6.41%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 12, 2003
Sold by
Imai Eugene S and Shigekane Ruth R
Bought by
Sii Llc
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
Hans J Robak Living Trust -- None Listed On Document
Robak Hans J -- None Available
Robak Hans J -- None Available
Robak Hans Juergen $3,630,000 Tg
The Franklin & Beverly Seki Living Trust $3,387,500 Fam
The Franklin & Beverly Seki Living Trust $3,387,500 Fam
1807 Waiola Llc $1,000 None Available
1807 Waiola Llc $1,000 None Available
Young Stanley Howard $2,100,000 Itc
Sii Llc $875,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner The Franklin & Beverly Seki Living Trust $2,137,500
Previous Owner First Hawaiian Bank $1,500,000
Previous Owner Young Stanley Howard $1,100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2019 04/05/19 Sold $3,650,000 -5.8% $522 / Sq Ft
03/06/2019 03/06/19 Pending -- -- --
01/01/2019 01/01/19 For Sale $3,875,000 0.0% $554 / Sq Ft
02/02/2017 02/02/17 Rented $1,500 0.0% --
02/02/2017 02/02/17 For Rent $1,500 0.0% --
08/10/2016 08/10/16 Rented $1,500 +15.4% --
07/11/2016 07/11/16 Under Contract -- -- --
05/18/2016 05/18/16 For Rent $1,300 -- --
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 $8,751 $2,521,400 $1,225,000 $1,296,400
2024 $8,751 $2,500,200 $1,225,000 $1,275,200
2023 $8,681 $2,480,200 $1,225,000 $1,255,200
2022 $7,591 $2,168,900 $1,100,000 $1,068,900
2021 $7,648 $2,185,200 $1,050,000 $1,135,200
2020 $7,903 $2,258,100 $1,050,000 $1,208,100
2019 $6,404 $1,922,700 $1,050,000 $872,700
2018 $6,404 $1,829,700 $975,000 $854,700
2017 $6,389 $1,825,500 $925,000 $900,500
2016 $4,895 $1,398,700 $850,000 $548,700
2015 $5,609 $1,602,500 $775,000 $827,500
2014 -- $1,434,400 $750,000 $684,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 201831945

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-3-029-018-0000