NOT LISTED FOR SALE

Estimated Value: $1,115,000 - $4,570,000

5 Beds
2 Baths
7,512 Sq Ft
$457/Sq Ft Est. Value

Last Sold September 16, 2021

Last sale price $4,100,000 $546 Per Sq Ft

Est. 24% decrease in value since last sale

Current estimated payment $18,564/month

85 Days on Market

Highlights

  • 14,068 Sq Ft lot
  • Property is in very good condition
  • 4-minute walk to Honolulu Stadium State Park
  • Central Air
  • Level Lot

About This Home

As of September 2021

6/22/21 - BOM Buyer cancelled due to illness. RARE LARGE 14,068 SQ. FT. LOT IN PRIME LOCATION. INCOME AS OF MAY 2021, EXPENSES FROM 2020 YEAR END. NOI IS ACTUAL. WELL SELF-MANAGED BUILDING WITH GOOD TENANTS AND SOLID CASH FLOW EVEN DURING PANDEMIC. CONVENIENT LOCATION BETWEEN PAANI & ISENBERG ST., PERFECT FOR RE-DEVELOPMENT (150' HEIGHT, 1.39 FAR) OR RETAIN 2-BDRM. APT. BUILDING AND BUILD NEW ON EWA SIDE OF PROPERTY TO MAXIMIZE UNUSED FAR. STEADY INCOME STREAM WHILE YOU FILE FOR FUTURE HIGHEST AND BEST USE (118 STREET FRONTAGE) ALSO PERFECT FOR NEW BILL-60 (WHICH IS AN UPGRADE TO BILL 7) AFFORDABLE HOUSING. NEWLY PAINTED EXTERIOR WITH MOST INTERIOR UNITS RENOVATED. FULLY OCCUPIED, DRIVE BY FIRST. PLEASE USE FIRST AM. TITLE (ANGIE GOYA). CLICK SUPPLEMENTS FOR SURVERY MAP, RENT ROLL (ACTUAL) AND FINANCIALS.

Last Agent to Sell the Property

Nelson Fukuki

Nelson Fukuki Realty LLC License #RB-09457 Listed on: 05/24/2021

Last Buyer's Agent

Hiroko Nakamura

Hawaii Resource Realty License #RB-16587

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,328

Year Built

  • Built in 1962 | Remodeled in 2021

Lot Details

  • 0.32 Acre Lot
  • Level Lot
  • Property is in very good condition

Home Design

  • Wood Frame Construction

Interior Spaces

  • 7,512 Sq Ft Home
  • 2-Story Property
  • Partially Furnished

Parking

  • 20 Parking Spaces
  • Open Parking
  • Assigned Parking

Utilities

  • Central Air
  • Internet Available
  • Cable TV Available

Community Details

  • 10 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,328

Year Built

Built in 1962 | Remodeled in 2021

Lot Details

0

Listing Details

  • Property Sub Type: Multi-Family
  • Prop. Type: Multi-Family
  • Fill Sq Ft Total: 7512
  • Stories Type: Two
  • Year Built: 1962
  • Year Renovated: 2021
  • Special Features: None
  • Stories: 2

Interior Features

  • Amenities: A/C
  • Furnished: Partial

Exterior Features

  • Construction Type: Hollow Tile, Wood Frame
  • Easements: None
  • Flood Zone: Zone AO
  • Lot Features: Other
  • Property Condition: Above Average
  • Topography: Level
  • View: Other

Garage/Parking

  • Parking Features: Assigned, Open
  • Total Parking Spaces: 20

Utilities

  • Utilities: Cable, Internet, Overhead Electricity, Water
  • Sewer: Connected

Multi Family

  • Number Of Units Total: 10

Tax Info

  • Tax Annual Amount: 11328.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2021
Closed on
Sep 13, 2021
Sold by
Rsa Capital Llc
Bought by
Helios Enterprises Inc
Seller's Agent
Nelson Fukuki
Nelson Fukuki Realty LLC
Buyer's Agent
Hiroko Nakamura
Hawaii Resource Realty
List Price
$4,100,000
Sold Price
$4,100,000
Current Estimated Value
$3,114,683

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$985,317
Avg. Annual Appreciation
-4.06%
Original Mortgage
$2,300,000
Outstanding Balance
$2,108,109
Interest Rate
2.7%
Mortgage Type
Commercial
Estimated Equity
$1,382,836

Purchase Details

Listed on
Jul 29, 2016
Closed on
Sep 7, 2016
Sold by
Ushijima Cora Ann
Bought by
Rsa Capital Llc
Seller's Agent
Nelson Fukuki
Nelson Fukuki Realty LLC
Buyer's Agent
Nelson Fukuki
Nelson Fukuki Realty LLC
List Price
$3,000,000
Sold Price
$3,100,000
Premium/Discount to List
$100,000
3.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.75%
Original Mortgage
$2,875,000
Interest Rate
3.43%
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
Helios Enterprises Inc -- First American Title Of Hawaii
Helios Enterprises Inc -- Fam
Rsa Capital Llc -- Fam
Rsa Capital Llc -- Fam
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Helios Enterprises Inc $2,300,000
Closed Helios Enterprises Inc $2,300,000
Closed Helios Enterprises Inc $2,300,000
Previous Owner Rsa Capital Llc $2,875,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2021 09/16/21 Sold $4,100,000 0.0% $546 / Sq Ft
08/17/2021 08/17/21 Pending -- -- --
05/24/2021 05/24/21 For Sale $4,100,000 +32.3% $546 / Sq Ft
09/16/2016 09/16/16 Sold $3,100,000 +3.3% $411 / Sq Ft
08/17/2016 08/17/16 Pending -- -- --
07/29/2016 07/29/16 For Sale $3,000,000 -- $398 / 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 $16,349 $4,676,300 $3,770,200 $906,100
2024 $16,349 $4,671,000 $3,770,200 $900,800
2023 $12,839 $4,542,800 $3,657,700 $885,100
2022 $12,839 $3,668,200 $2,832,200 $836,000
2021 $11,301 $3,228,800 $2,832,200 $396,600
2020 $11,326 $3,236,000 $2,832,200 $403,800
2019 $9,464 $3,006,100 $2,596,200 $409,900
2018 $9,464 $2,703,900 $2,301,200 $402,700
2017 $9,424 $2,692,500 $2,183,200 $509,300
2016 $9,271 $2,648,900 $2,250,900 $398,000
2015 $9,063 $2,589,300 $2,180,500 $408,800
2014 -- $2,516,100 $2,110,200 $405,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202109358

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-7-006-059-0000