NOT LISTED FOR SALE

Estimated Value: $1,813,000 - $1,948,000

5 Beds
3 Baths
3,556 Sq Ft
$528/Sq Ft Est. Value

Last Sold May 02, 2019

Last sale price $1,485,000 $418 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $10,433/month

14 Days on Market

Highlights

  • Tandem Parking
  • Level Lot
  • Community Storage Space
  • Central Air

About This Home

As of May 2019

Kapahulu A-2 Apartment zoned property with 4 separate units of 3,566 sf living space offers excellent rental income of $7,597.71/month and 4.54% Cap Rate. All units were renovated in 2007, new roof installed in 2017, ground floor built with hollow tiles, and two separate electrical sub-meters. Conveniently located across the Ala Wai Golf Course, the property is set back from the main Date Street providing more privacy and tranquility. Easy access to bus stops, Freeways, shops, restaurants, Waikiki Beach and Kapiolani Park. Interior photos were taken prior to tenants' move-in.

Last Agent to Sell the Property

Darouny Hu

Corcoran Pacific Properties License #RB-22625 Listed on: 03/19/2019

Last Buyer's Agent

Steven Shishido

Quality Properties License #RB-13838

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,976

Year Built

  • Built in 1950

Lot Details

  • 5,000 Sq Ft Lot
  • Level Lot
  • Flag Lot

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 3,556 Sq Ft Home
  • 2-Story Property
  • Washer

Parking

  • 5 Parking Spaces
  • Covered Parking
  • Tandem Parking
  • Open Parking
  • Assigned Parking

Utilities

  • Central Air

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 1-2-7-035-088-0000

Community Details

Overview

  • 4 Units
  • Kapahulu Subdivision

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $23,801
  • Net Operating Income $67,372

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,976

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Architectural Style: Fourplex
  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1950
  • CommunityFeatures: None, Storage Facilities
  • NAV29_Unit_1_Appliances: Washer
  • MLS Status: Closed
  • Subdivision Name: KAPAHULU
  • Unit Levels: Two
  • Roof: Asphalt, Shingle
  • Tax Year: 2019
  • Special Features: None

Interior Features

  • Stories: 2

Exterior Features

  • Construction Type: Double Wall, Hollow Tile, Masonry, Stucco, Wood Frame
  • Lot Features: Cul-De-Sac, Flag Lot, Level
  • Property Condition: Good Condition
  • Topography: Level
  • View: None
  • View: No
  • Disclosures: Pet on Property, Seller Disclosure
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Assigned, Covered, Open, Tandem
  • Total Parking Spaces: 5.0
  • Open Parking: Yes

Utilities

  • Utilities: Cable Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available, Sewer Connected
  • Sewer: Connected
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Water Source: Public

Lot Info

  • Parcel Number: 1-2-7-035-088-0000
  • Zoning Description: 12 - A-2 Medium Density Apartme

Multi Family

  • Number Of Units Total: 4
  • Net Operating Income: 67371.86
  • Annual Operating Expense: 23800.66
  • Tenant Pays: Cable TV, Electricity
  • Total Actual Rent: 7597.71

Tax Info

  • Tax Annual Amount: 1976.28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2019
Closed on
Apr 26, 2019
Sold by
Mahalo Date Llc
Bought by
Tojio Wesley Isao and Kim Tojio Jenni Sujin
Seller's Agent
Darouny Hu
Corcoran Pacific Properties
Buyer's Agent
Steven Shishido
Quality Properties
List Price
$1,485,000
Sold Price
$1,485,000
Current Estimated Value
$1,878,456

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$393,456
Avg. Annual Appreciation
3.58%
Original Mortgage
$113,750
Outstanding Balance
$100,215
Interest Rate
4.2%
Estimated Equity
$1,760,494

Purchase Details

Closed on
Apr 26, 2016
Sold by
Moriya Yozuke
Bought by
Mahalo Date Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$953,800
Interest Rate
3.47%

Purchase Details

Closed on
Oct 11, 2007
Sold by
Venters Douglas Allen and Venters Joan
Bought by
Moriya Yosuke and Moriya Ariko

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.4%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 25, 2003
Sold by
Pak Mi Sun
Bought by
Venters Douglas Allen and Venters Joan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$484,000
Interest Rate
5.85%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 18, 2001
Sold by
Asato Chun Ja
Bought by
Pak Mi Sun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
9.3%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 28, 2001
Sold by
Asato Aaron Nobuyuki and Asato Chun Ja
Bought by
Asato Chun Ja

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
9.3%
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
Tojio Wesley Isao $1,485,000 Tg
Mahalo Date Llc $953,800 None Available
Moriya Yosuke -- None Available
Mahalo Date Llc $953,800 None Available
Moriya Yosuke -- None Available
Moriya Yosuke $1,100,000 Fam
Venters Douglas Allen $610,000 --
Pak Mi Sun $450,000 --
Asato Chun Ja -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tojio Wesley Isao $113,750
Previous Owner Mahalo Date Llc $953,800
Previous Owner Moriya Yosuke $750,000
Previous Owner Venters Douglas Allen $484,000
Previous Owner Pak Mi Sun $380,000
Closed Pak Mi Sun $71,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2019 05/02/19 Sold $1,485,000 0.0% $418 / Sq Ft
04/02/2019 04/02/19 Pending -- -- --
03/19/2019 03/19/19 For Sale $1,485,000 -- $418 / 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 $5,691 $1,625,100 $1,330,000 $295,100
2024 $5,691 $1,626,100 $1,330,000 $296,100
2023 $5,289 $1,548,700 $1,258,800 $289,900
2022 $5,289 $1,511,200 $1,235,000 $276,200
2021 $5,003 $1,429,400 $1,140,000 $289,400
2020 $5,087 $1,453,400 $1,140,000 $313,400
2019 $3,953 $1,242,900 $1,045,000 $197,900
2018 $3,953 $1,129,300 $926,300 $203,000
2017 $3,826 $1,093,100 $855,000 $238,100
2016 $3,477 $993,500 $760,000 $233,500
2015 $3,342 $954,800 $688,800 $266,000
2014 $3,347 $909,400 $641,300 $268,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 201907786

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-7-035-088-0000