2032 Kapiolani Blvd Honolulu, HI 96826
McCully-Mō'ili'ili NeighborhoodEstimated payment $11,747/month
Total Views
3,371
--
Bed
--
Bath
3,706
Sq Ft
$553
Price per Sq Ft
Highlights
- Coin Laundry
- Level Lot
- 1-minute walk to Ala Wai Community Park
About This Home
This eight-unit, two-story walk-up apartment building is ideally located near Kapiolani Blvd and McCully St, offering convenient access to Waikiki, the Kapiolani corridor, public transportation, shopping, and more.
Five of the units have been remodeled within the past year, while the remaining three have received partial upgrades. Significant improvements include copper plumbing conversions, ABS drain line upgrades on the second floor, and a silicone-coated roof completed last year. Additionally, each unit is individually metered for electricity, keeping utility costs low.
The building is fully occupied, with all leases on a month-to-month basis. Previously, due to maintenance and probate issues, full occupancy was not maintained, but all concerns have been addressed.
Since rental income was lower in previous years and full occupancy has only been achieved recently, I have prepared a pro forma analysis outlining projected income, expenses, and net income. This property is a steady income earner with low maintenance and operational costs, is easy to rent, and does not require an on-site manager.
Listing Agent
Neal Fineman Property Mgmt Brokerage Phone: (808) 753-3399 License #RB-20183 Listed on: 03/05/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,099
Year Built
- Built in 1957
Lot Details
- 5,000 Sq Ft Lot
- Level Lot
Home Design
- Wood Frame Construction
- Tar and Gravel Roof
Interior Spaces
- 3,706 Sq Ft Home
- 2-Story Property
Parking
- 3 Parking Spaces
- Assigned Parking
Schools
- Lunalilo Elementary School
- Washington Middle School
- Kaimuki High School
Listing and Financial Details
- Assessor Parcel Number 1-2-7-003-062-0000
Community Details
Overview
- 8 Units
- Moiliili Subdivision
Amenities
- Coin Laundry
Building Details
- Operating Expense $36,248
- Net Operating Income $88,672
Map
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Home Values in the Area
Average Home Value in this Area
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 | $5,099 | $1,458,800 | $1,340,000 | $118,800 |
| 2024 | $5,099 | $1,456,900 | $1,340,000 | $116,900 |
| 2023 | $4,940 | $1,411,400 | $1,300,000 | $111,400 |
| 2022 | $4,564 | $1,304,100 | $1,200,000 | $104,100 |
| 2021 | $4,573 | $1,306,500 | $1,200,000 | $106,500 |
| 2020 | $4,595 | $1,312,800 | $1,200,000 | $112,800 |
| 2019 | $4,242 | $1,212,000 | $1,100,000 | $112,000 |
| 2018 | $7,565 | $1,080,700 | $975,000 | $105,700 |
| 2017 | $3,762 | $1,074,900 | $925,000 | $149,900 |
| 2016 | $3,315 | $947,000 | $800,000 | $147,000 |
| 2015 | $3,203 | $915,000 | $775,000 | $140,000 |
| 2014 | $3,286 | $885,900 | $750,000 | $135,900 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/20/2025 06/20/25 | Price Changed | $2,050,000 | -6.8% | $553 / Sq Ft |
| 05/12/2025 05/12/25 | Price Changed | $2,200,000 | -15.4% | $594 / Sq Ft |
| 03/05/2025 03/05/25 | For Sale | $2,600,000 | -- | $702 / Sq Ft |
Source: HiCentral MLS (Honolulu Board of REALTORS®)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | -- |
Source: Public Records
Similar Home in Honolulu, HI
Source: HiCentral MLS (Honolulu Board of REALTORS®)
MLS Number: 202506283
APN: 1-2-7-003-062-0000
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Some of the active listings appearing on this site may be listed by other REALTORS(R). If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.
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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