NOT LISTED FOR SALE

1841 Palolo Ave Honolulu, HI 96816

Palolo Neighborhood

Estimated Value: $6,042,000 - $6,533,704

3 Beds
-- Bath
9,507 Sq Ft
$661/Sq Ft Est. Value

Last Sold May 15, 2015

Last sale price $3,500,000 $368 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $35,000/month

72 Days on Market

Highlights

  • 12,480 Sq Ft lot
  • Property is in excellent condition
  • Level Lot
  • Views

About This Home

As of May 2015

Well Maintained All Concrete Building, With Concrete Roof, Located In A Quiet And Stable Area Facing Cool Trade Breeze. Well Priced Per Door In Today's Market, Strong CAP Rate With Room For Upside. Easy To Self-Manage. No Major Necessary Improvement Concerns. Each Unit Has (gas) Range, (gas) Water Heater, Refrigerator, Large Lanai Area With Laundry Sink And Room For Washing Machine (tenants). Individual Gas And Electric Meters. Convenient Bus Stop In Front. Fire Hydrant Within Proximity For Future CPR.

Last Agent to Sell the Property

Nelson Fukuki

Nelson Fukuki Realty LLC License #RB-09457 Listed on: 02/02/2015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,724

Year Built

  • Built in 1969

Lot Details

  • 0.29 Acre Lot
  • Level Lot
  • Property is in excellent condition

Interior Spaces

  • 9,507 Sq Ft Home
  • 3-Story Property
  • Property Views

Laundry

  • Laundry in unit
  • Washer

Parking

  • 18 Parking Spaces
  • Open Parking
  • Assigned Parking

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 1-3-3-039-007-0000

Community Details

Overview

  • 18 Units
  • Palolo Subdivision

Building Details

  • Operating Expense $45,600
  • Net Operating Income $216,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,724

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1969
  • CommunityFeatures: None
  • Road Frontage Type: Other
  • LaundryFeatures: In Unit
  • NAV29_Unit_1_Appliances: Washer
  • MLS Status: Closed
  • Subdivision Name: PALOLO
  • Unit Levels: Three Or More
  • Roof: Other
  • Tax Year: 2014
  • Special Features: None

Interior Features

  • Furnished: Partially

Exterior Features

  • Construction Type: Hollow Tile, Concrete
  • Lot Features: Cleared, Interior Lot, Level
  • Property Condition: Excellent
  • Topography: Level
  • View: Mountain(s), Sunrise
  • View: Yes
  • Disclosures: See Remarks

Garage/Parking

  • Parking Features: Assigned, Open
  • Total Parking Spaces: 18.0
  • Open Parking: Yes

Utilities

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

Lot Info

  • Parcel Number: 1-3-3-039-007-0000
  • Zoning Description: 05 - R-5 Residential District

Multi Family

  • Number Of Units Total: 18
  • Net Operating Income: 216300.0
  • Annual Operating Expense: 45600.0
  • Tenant Pays: Electricity, Gas
  • Total Actual Rent: 261900.0

Tax Info

  • Tax Annual Amount: 8724.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 22, 2018
Sold by
Palolo Apartments Llc
Bought by
Hawaii Aokai Llc
Current Estimated Value
$6,287,852

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,250,000
Outstanding Balance
$1,907,073
Interest Rate
3.93%
Mortgage Type
Commercial
Estimated Equity
$4,358,143

Purchase Details

Listed on
Feb 2, 2015
Closed on
May 12, 2015
Sold by
Rsa Properties Llc
Bought by
Palolo Apartments Llc
Seller's Agent
Nelson Fukuki
Nelson Fukuki Realty LLC
List Price
$3,600,000
Sold Price
$3,500,000
Premium/Discount to List
-$100,000
-2.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.79%
Original Mortgage
$2,160,000
Interest Rate
3.67%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 20, 2007
Sold by
Wall Jeffrey Alan and Wall Lisa Momi
Bought by
Jaw Investments Llc and C & T Investments Llc

Purchase Details

Closed on
Aug 9, 2007
Sold by
Hayashi Wayne N
Bought by
Rsa Properties Llc and Jaw Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
6.62%
Mortgage Type
Commercial
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
Hawaii Aokai Llc $5,220,000 Fam
Hawaii Aokai Llc -- Fam
Palolo Apartments Llc $3,500,000 Fam
Palolo Apartments Llc $3,500,000 Fam
Jaw Investments Llc $666 None Available
Wall Jeffrey Alan $666 None Available
Wall Jeffrey Alan $666 None Available
Akamine Russell S $666 None Available
Rsa Properties Llc $2,800,000 Tg
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hawaii Aokai Llc $2,250,000
Closed Hawaii Aokai Llc $2,250,000
Previous Owner Palolo Apartments Llc $2,160,000
Previous Owner Rsa Properties Llc $2,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2015 05/15/15 Sold $3,500,000 -2.8% $368 / Sq Ft
04/15/2015 04/15/15 Pending -- -- --
02/02/2015 02/02/15 For Sale $3,600,000 -- $379 / 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 $17,987 $4,707,700 $3,042,100 $1,665,600
2024 $17,987 $5,139,100 $3,492,800 $1,646,300
2023 $17,170 $5,115,100 $3,492,800 $1,622,300
2022 $17,170 $4,905,700 $3,380,100 $1,525,600
2021 $16,250 $4,642,800 $3,042,100 $1,600,700
2020 $16,589 $4,739,600 $3,083,600 $1,656,000
2019 $16,780 $4,794,300 $3,120,000 $1,674,300
2018 $12,311 $3,517,400 $2,496,000 $1,021,400
2017 $10,332 $2,951,900 $1,996,800 $955,100
2016 $9,477 $2,707,700 $1,747,200 $960,500
2015 $9,135 $2,609,900 $1,672,300 $937,600
2014 -- $2,532,600 $1,622,400 $910,200
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2015

    Nelson Fukuki

    Nelson Fukuki Realty LLC

    (808) 220-9422

    13 Total Sales

    Nelson Fukuki
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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 201500530

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-3-3-039-007-0000

Hawaii Honolulu County Honolulu 96816 Palolo

1841 Palolo Ave, Honolulu, HI

This home is located at 1841 Palolo Ave, Honolulu, HI 96816 since 02 February 2015 and is currently estimated at $6,287,852, approximately $661 per square foot. This property was built in 1969. 1841 Palolo Ave is a home located in Honolulu County with nearby schools including Palolo Elementary School, William P. Jarrett Middle School, and Kaimuki 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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