$2,500,000

Estimated payment $13,650/month

Total Views 11,822
-- Bed
-- Bath
4,450 Sq Ft
$562 Price per Sq Ft

Highlights

  • Garden View
  • Coin Laundry
  • Level Lot

About This Home

A rarely available, well-maintained, walk-up apartment building near UH Manoa that is NOT in a flood zone is a significant saving. The building is solid concrete but not on stilts. It sits on a larger-than-average lot size (over 10,000 SF.!), which allows for additional parking, more land appreciation, and less future structural maintenance. Not only is the land vast for a 6-unit building, but the units are more significant, with the 2-bed units averaging 700 SF and the 1-bed unit approximately 550 SF. The ground-floor units have private/fenced backyard areas, while the second-level apartments have city views. Don't let your investor miss out on this building. The rents are pro forma based on HUD.GOV fair market rents.

Listing Agent

Sheldon Glassco

Obsidian Real Estate LLC License #RB-21489 Listed on: 02/05/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,080

Year Built

  • Built in 1969

Lot Details

  • 10,417 Sq Ft Lot
  • Level Lot

Interior Spaces

  • 4,450 Sq Ft Home
  • 2-Story Property
  • Partially Furnished
  • Garden Views

Laundry

  • Dryer
  • Washer

Parking

  • 11 Parking Spaces
  • Assigned Parking

Listing and Financial Details

  • Assessor Parcel Number 1-2-8-007-009-0000

Community Details

Overview

  • 6 Units
  • University Subdivision

Amenities

  • Coin Laundry

Building Details

  • Operating Expense $44,280
  • Net Operating Income $131,695

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,080

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: Coin-operated
  • NAV29_Unit_1_Appliances: Dryer, Washer
  • MLS Status: Active
  • Subdivision Name: UNIVERSITY
  • Unit Levels: Two
  • Roof: Other
  • Tax Year: 2023
  • Special Features: None

Interior Features

  • Furnished: Partially
  • Stories: 2

Exterior Features

  • Construction Type: Concrete
  • Lot Features: Cleared, Level
  • Property Condition: Good Condition
  • Topography: Level
  • View: Garden
  • View: Yes
  • Disclosures: None

Garage/Parking

  • Parking Features: Assigned
  • Total Parking Spaces: 11.0

Utilities

  • Utilities: Cable Available, High Speed Internet Available, Sewer Available, Water Available, Sewer Connected
  • Sewer: Connected
  • Water Source: Public

Lot Info

  • Parcel Number: 1-2-8-007-009-0000
  • Zoning Description: 05 - R-5 Residential District

Multi Family

  • Number Of Units Total: 6
  • Net Operating Income: 131695.0
  • Annual Operating Expense: 44280.0
  • Tenant Pays: Cable TV, Electricity
  • Total Actual Rent: 14750.0

Tax Info

  • Tax Annual Amount: 7080.0

Map

Range of Values:

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Value Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $7,351 $2,101,200 $1,801,900 $299,300
2024 $7,351 $2,100,200 $1,801,900 $298,300
2023 $7,090 $2,025,600 $1,736,300 $289,300
2022 $6,923 $1,977,900 $1,703,600 $274,300
2021 $6,521 $1,863,100 $1,572,500 $290,600
2020 $6,845 $1,955,600 $1,638,100 $317,500
2019 $6,293 $1,797,900 $1,474,300 $323,600
2018 $5,592 $1,597,600 $1,277,700 $319,900
2017 $5,651 $1,614,600 $1,212,200 $402,400
2016 $5,540 $1,582,900 $1,179,400 $403,500
2015 $6,427 $1,836,300 $1,305,000 $531,300
2014 -- $1,601,200 $1,223,500 $377,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/05/2025 02/05/25 For Sale $2,500,000 +11.1% $562 / Sq Ft
08/11/2014 08/11/14 Sold $2,250,000 -4.3% $506 / Sq Ft View Prior Sale
07/12/2014 07/12/14 Pending -- -- --
03/25/2014 03/25/14 For Sale $2,350,000 +55.6% $528 / Sq Ft
05/13/2013 05/13/13 Sold $1,510,000 0.0% $339 / Sq Ft View Prior Sale
05/13/2013 05/13/13 For Sale $1,510,000 -- $339 / Sq Ft
Source: HiCentral MLS (Honolulu Board of REALTORS®)

Purchase History

Date Type Sale Price Title Company
Deed $2,250,000 Tg
Deed $2,250,000 Tg
Warranty Deed $1,510,000 Fntic
Warranty Deed $1,510,000 Fntic
Warranty Deed $233,333 Fhtc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $760,000 Commercial
Closed $760,000 Commercial
Source: Public Records

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202503398

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-8-007-009-0000