NOT LISTED FOR SALE

Estimated Value: $9,517,000 - $10,647,805

2 Beds
1 Bath
20,361 Sq Ft
$495/Sq Ft Est. Value

Last Sold December 12, 2017

Last sale price $8,335,000 $409 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $56,508/month

91 Days on Market

Highlights

  • City View
  • 24,205 Sq Ft lot
  • Property is in excellent condition
  • Pauoa Elementary School Rated A-
  • Coin Laundry
  • Community Storage Space

About This Home

As of December 2017

Originally constructed in 1974, the property was renovated in 2016/2017. Interior improvements (in 18 of the 24 units) include new kitchen cabinets and appliances, bathroom and light fixtures, ceiling fans and vinyl plank flooring. Exterior improvements include multi-color paint scheme, lighting, Hydrostop roof coating and landscaping. The property has views of Pauoa/Nuuanu Valley and the Koolau mountains for residents to enjoy.

Located just minutes away from downtown Honolulu. Close proximity to bus lines and major thoroughfares. Additional revenue from long-term rooftop antenna lease with T-Mobile. On-site coin operated laundry facility. All units have individual electric meters. Opportunity for Buyer to add additional value by renovating the remaining six unrenovated units.

Last Agent to Sell the Property

Maria Chan (B) CCIM

Drop - 2018 License #RB-21023 Listed on: 08/13/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,386

Year Built

  • Built in 1974

Lot Details

  • 0.56 Acre Lot
  • Property is in excellent condition

Property Views

  • City
  • Garden

Interior Spaces

  • 20,361 Sq Ft Home
  • 3-Story Property

Parking

  • 27 Parking Spaces
  • Open Parking
  • Assigned Parking

Listing and Financial Details

  • Tenant pays for cable TV, electricity, parking fee
  • Assessor Parcel Number 1-2-2-013-008-0000

Community Details

Overview

  • 24 Units
  • Punchbowl Area Subdivision

Amenities

  • Coin Laundry
  • Community Storage Space

Building Details

  • Operating Expense $138,867
  • Net Operating Income $419,618

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,386

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1974
  • CommunityFeatures: None, Storage Facilities
  • LaundryFeatures: Coin-operated
  • MLS Status: Closed
  • Subdivision Name: PUNCHBOWL AREA
  • Unit Levels: Three Or More
  • Roof: Other
  • Tax Year: 2017
  • Special Features: None

Interior Features

  • Furnished: Partially

Exterior Features

  • Construction Type: Hollow Tile, Concrete
  • Lot Features: Cleared, Other
  • Property Condition: Excellent
  • Topography: Sloping
  • View: City, Garden, Mountain(s)
  • View: Yes
  • Disclosures: Owner Is Listing Agent, Principal is Real Estate Licensed, Pet on Property

Garage/Parking

  • Parking Features: Assigned, Open
  • Total Parking Spaces: 27.0
  • Open Parking: Yes

Utilities

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

Lot Info

  • Parcel Number: 1-2-2-013-008-0000
  • Zoning Description: 05 - R-5 Residential District

Multi Family

  • Number Of Units Total: 24
  • Net Operating Income: 419618.0
  • Annual Operating Expense: 138867.0
  • Tenant Pays: Cable TV, Electricity, Other, Parking Fee
  • Total Actual Rent: 46540.0

Tax Info

  • Tax Annual Amount: 16386.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2017
Closed on
Dec 12, 2017
Sold by
Ths Hawaii Holdings 275 Llc
Bought by
Date Street D C Inc
Seller's Agent
Maria Chan (B) CCIM
Drop - 2018
List Price
$8,395,000
Sold Price
$8,335,000
Premium/Discount to List
-$60,000
-0.71%
Current Estimated Value
$10,082,403

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,747,403
Avg. Annual Appreciation
2.49%
Original Mortgage
$3,872,500
Outstanding Balance
$3,275,530
Interest Rate
3.94%
Mortgage Type
Commercial
Estimated Equity
$6,806,873

Purchase Details

Closed on
Oct 7, 2015
Sold by
Mamoru & Aiko Takitani Foundation Inc
Bought by
Ths Hawaii Holdings 275 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,127,500
Interest Rate
3.85%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 18, 2015
Sold by
Uno Karen K and Kondo Hideo
Bought by
Mamoru & Aiko Takitani Foundation Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,127,500
Interest Rate
3.85%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 16, 2013
Closed on
Jan 28, 2013
Sold by
Lum Ernest K F and Lum Eileen S
Bought by
Uno Karen K and Kondo Hideo
Seller's Agent
Christina Dwight
Commercial Inv. Strategies
Buyer's Agent
Wayne Tani
Blue Ribbon Realty Inc
List Price
$5,000,000
Sold Price
$5,000,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.70%

Purchase Details

Closed on
Jun 26, 2012
Sold by
Kamahalo Llc
Bought by
Lum Ernest K F and Lum Eileen S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,300,000
Interest Rate
3.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 4, 2010
Sold by
Gonzalez Refugio G and Gonzalez Quinn H
Bought by
Kamahalo Llc

Purchase Details

Closed on
Apr 1, 2004
Sold by
Hollinger Inc
Bought by
Gonzalez Refugio G and Gonzalez Quinn H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,080,000
Interest Rate
5.56%
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
Date Street D C Inc $8,335,000 Fntic
Date Street D C Inc $8,335,000 Fntic
Ths Hawaii Holdings 275 Llc $6,350,000 Fam
Ths Hawaii Holdings 275 Llc $6,350,000 Fam
Mamoru & Aiko Takitani Foundation Inc -- Fidelity Natl Title & Escrow
Mamoru & Aiko Takitani Foundation Inc -- Fidelity Natl Title & Escrow
Uno Karen K $5,000,000 Or
Uno Karen K $5,000,000 Or
Lum Ernest K F $4,260,000 Tg
Lum Ernest K F $4,260,000 Tg
Kamahalo Llc -- None Available
Gonzalez Refugio G $2,600,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Date Street D C Inc $3,872,500
Closed Date Street D C Inc $3,872,500
Previous Owner Ths Hawaii Holdings 275 Llc $4,127,500
Previous Owner Lum Ernest K F $2,300,000
Previous Owner Indymac Commercial Lending Corp $2,573,000
Previous Owner Gonzalez Refugio G $2,080,000
Previous Owner Ayres Shea Glenn $145,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2017 12/12/17 Sold $8,335,000 -0.7% $409 / Sq Ft
11/12/2017 11/12/17 Pending -- -- --
08/13/2017 08/13/17 For Sale $8,395,000 0.0% $412 / Sq Ft
05/09/2015 05/09/15 Rented $1,450 0.0% --
05/09/2015 05/09/15 For Rent $1,450 +11.5% --
12/15/2014 12/15/14 Rented $1,300 0.0% --
12/15/2014 12/15/14 For Rent $1,300 0.0% --
01/16/2013 01/16/13 Sold $5,000,000 0.0% $6,250 / Sq Ft
01/16/2013 01/16/13 For Sale $5,000,000 -- $6,250 / 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 $23,962 $6,896,100 $4,191,200 $2,704,900
2024 $23,962 $6,846,300 $4,191,200 $2,655,100
2023 $22,278 $6,844,300 $4,191,200 $2,653,100
2022 $22,278 $6,365,200 $3,880,800 $2,484,400
2021 $21,459 $6,131,200 $3,492,700 $2,638,500
2020 $22,731 $6,494,600 $3,686,700 $2,807,900
2019 $21,924 $6,264,100 $3,395,700 $2,868,400
2018 $17,181 $4,908,800 $3,376,600 $1,532,200
2017 $16,386 $4,681,700 $3,180,500 $1,501,200
2016 $16,315 $4,661,300 $3,219,300 $1,442,000
2015 $18,325 $5,235,800 $3,388,700 $1,847,100
2014 -- $5,096,200 $3,267,700 $1,828,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 201717801

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-2-013-008-0000