$1,300,000
SOLD JAN 30, 2025
-- Bed
-- Bath
2,565 Sq Ft
5,072 Sq Ft Lot

Recently Sold

$507 Per Sq Ft

11% Below List Price

133 Days on Market

About This Home

As of January 2025

Two-story hollow tile building with 5 one-bedroom units and 8 parking spaces (4 tandem) situated in a highly desirable neighborhood one block from Kuakini Hospital. Rents are below market, and all tenants have 110v outlets for their own laundry. Installing coin laundry and increasing rents will increase income for this well-maintained building. Situated above the street level of North Kuakini, this property has excellent curb appeal and access off the main road. All units are separately metered for electricity, and one master meter for CAM electric. Appraised in October 2023 for $1,460,000.

Last Agent to Sell the Property

Christina Dwight

Commercial Inv. Strategies Brokerage Phone: (808) 429-1098 License #RB-20978 Listed on: 09/19/2024

Last Buyer's Agent

Brian Chua

Five Star Realty, Inc. License #RB-21314

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,977

Year Built

  • Built in 1965

Lot Details

  • 5,072 Sq Ft Lot
  • Property is in excellent condition

Interior Spaces

  • 2,565 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Parking

  • 5 Parking Spaces
  • Assigned Parking

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 1-1-7-020-029-0000

Community Details

Overview

  • 5 Units
  • Nuuanu Lower Subdivision

Building Details

  • Operating Expense $18,732
  • Net Operating Income $53,268

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,977

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1965
  • Attribution Contact: (808) 429-1098
  • CommunityFeatures: None
  • Road Frontage Type: Other
  • LaundryFeatures: In Unit
  • MLS Status: Closed
  • Subdivision Name: NUUANU-LOWER
  • Unit Levels: Two
  • Roof: Other
  • Tax Year: 2024
  • Special Features: None

Interior Features

  • Stories: 2

Exterior Features

  • Construction Type: Hollow Tile
  • Lot Features: Cleared, Corner Lot, Level
  • Property Condition: Excellent
  • Topography: Level,Sloping
  • View: None
  • View: No
  • Disclosures: None

Garage/Parking

  • Parking Features: Assigned
  • Total Parking Spaces: 5.0

Utilities

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

Lot Info

  • Parcel Number: 1-1-7-020-029-0000
  • Zoning Description: 11 - A-1 Low Density Apartment

Multi Family

  • Number Of Units Total: 5
  • Net Operating Income: 53268.0
  • Annual Operating Expense: 18732.0
  • Tenant Pays: Cable TV, Electricity
  • Total Actual Rent: 6000.0

Tax Info

  • Tax Annual Amount: 3977.04

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2024
Closed on
Jan 27, 2025
Sold by
Isamu Uehara Revocable Living Trust and Gladys T Uehara Revocable Living Trust
Bought by
Land Queen Investments Llc
Seller's Agent
Christina Dwight
Commercial Inv. Strategies
Buyer's Agent
Brian Chua
Five Star Realty, Inc.
List Price
$1,460,000
Sold Price
$1,300,000
Premium/Discount to List
-$160,000
-10.96%
Total Days on Market
133
Views
51
Current Estimated Value
$1,231,639

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$68,361
Avg. Annual Appreciation
-15.10%
Original Mortgage
$6,600,000
Outstanding Balance
$6,588,536
Interest Rate
6.72%
Mortgage Type
New Conventional
Estimated Equity
-$5,356,897

Purchase Details

Closed on
Aug 28, 2006
Sold by
Castro Theresa A
Bought by
Uehara Isamu and Isamu Uehara Revocable Living Trust

Purchase Details

Closed on
Jun 28, 2006
Sold by
Castro Theresa A and Chow Lorin R
Bought by
Castro Theresa A and Ala Wai 807 Llc

Purchase Details

Closed on
Jan 13, 2004
Sold by
Uehara Velma K
Bought by
Uehara Velma K and Velma K Uehara Living Trust

Purchase Details

Closed on
Jun 6, 2000
Sold by
Castro Theresa A and Chow Lorin R
Bought by
Castro Theresa A and Chow Lorin R
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Fam
Warranty Deed -- Fam
Warranty Deed $400,000 Tg
Deed $62,933 None Available
Deed $62,933 None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $6,600,000 New Conventional
Closed $6,600,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/30/2025 01/30/25 Sold $1,300,000 +1.8% $507 / Sq Ft
11/01/2024 11/01/24 Price Changed $1,277,500 -12.5% $498 / Sq Ft
09/19/2024 09/19/24 For Sale $1,460,000 -- $569 / 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
2024 $3,977 $1,136,300 $935,000 $201,300
2023 $3,977 $1,136,400 $935,000 $201,400
2022 $3,856 $1,101,700 $909,700 $192,000
2021 $3,878 $1,108,000 $909,700 $198,300
2020 $4,300 $1,228,600 $1,010,800 $217,800
2019 $3,965 $1,132,800 $909,700 $223,100
2018 $3,500 $999,900 $783,400 $216,500
2017 $3,348 $956,500 $783,400 $173,100
2016 $3,365 $961,300 $786,200 $175,100
2015 $3,232 $923,400 $710,100 $213,300
2014 -- $942,500 $735,400 $207,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202420735

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-1-7-020-029-0000