NOT LISTED FOR SALE

285 Olive Ave Wahiawa, HI 96786

Estimated Value: $1,640,000 - $2,658,226

7 Beds
2 Baths
3,468 Sq Ft
$608/Sq Ft Est. Value

Last Sold December 31, 2015

Last sale price $1,435,000 $414 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $11,864/month

53 Days on Market

Highlights

  • Tandem Parking
  • Views
  • Level Lot
  • Leilehua High School Rated A-
  • Coin Laundry

About This Home

As of December 2015

Three story apartment building has 6 units all 2/1 along with 6 parking and guest stalls, and two story house has two rentals with covered carport. Fully rented. This is a total of 8 units, fenced, corner property. Additional income: complex has "coin" operated washer and dryers. Sold "As Is" Trust sale. Excellent cap rate of approximately 7%. If you're looking for income here it is. Please do not bother tenants.

Last Agent to Sell the Property

Leilani Ornellas

Coldwell Banker Realty License #RS-29163 Listed on: 10/09/2015

Coldwell Banker Realty

Last Buyer's Agent

Vincent Lao

Five Star Realty, Inc. License #RB-18181

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,756

Year Built

  • Built in 1946

Lot Details

  • 8,375 Sq Ft Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Slab Foundation
  • Wood Frame Construction
  • Composition Roof
  • Metal Roof

Interior Spaces

  • 3,468 Sq Ft Home
  • 2-Story Property
  • Property Views

Laundry

  • Dryer
  • Washer

Parking

  • 10 Parking Spaces
  • Covered Parking
  • Tandem Parking
  • Open Parking
  • Assigned Parking

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 1-7-3-002-012-0000

Community Details

Overview

  • 8 Units
  • Wahiawa Area Subdivision

Amenities

  • Coin Laundry

Building Details

  • Operating Expense $36,400
  • Net Operating Income $101,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,756

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1946
  • CommunityFeatures: None
  • Road Frontage Type: Other
  • LaundryFeatures: Coin-operated
  • NAV29_Unit_1_Appliances: Dryer, Washer
  • MLS Status: Closed
  • Subdivision Name: WAHIAWA AREA
  • Unit Levels: Two, Three Or More
  • Roof: Composition, Metal
  • Tax Year: 2015
  • Special Features: None

Interior Features

  • Furnished: Partially
  • Stories: 2

Exterior Features

  • Construction Type: Brick, Hollow Tile, Concrete, Single Wall, Wood Frame
  • Lot Features: Cleared, Corner Lot, Level
  • Property Condition: Average Condition
  • Topography: Level
  • View: None, Sunrise
  • View: No
  • Disclosures: Call Agent, Seller Disclosure
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Assigned, Covered, Open, Tandem
  • Total Parking Spaces: 10.0
  • Open Parking: Yes

Utilities

  • Utilities: Above Ground Utilities, Cable Available, Electricity Available, Phone Available, Water Available, Sewer Connected
  • Sewer: Connected
  • Water Source: Public

Lot Info

  • Parcel Number: 1-7-3-002-012-0000
  • Zoning Description: 12 - A-2 Medium Density Apartme

Multi Family

  • Number Of Units Total: 8
  • Net Operating Income: 101600.0
  • Annual Operating Expense: 36400.0
  • Tenant Pays: Cable TV, Electricity
  • Total Actual Rent: 11100.0

Tax Info

  • Tax Annual Amount: 3756.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 9, 2015
Closed on
Dec 23, 2015
Sold by
Sy Priscilla
Bought by
R & A Investment Llc
Seller's Agent
Leilani Ornellas
Coldwell Banker Realty
Buyer's Agent
Vincent Lao
Five Star Realty, Inc.
List Price
$1,425,000
Sold Price
$1,435,000
Premium/Discount to List
$10,000
0.7%
Current Estimated Value
$2,107,075

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$672,075
Avg. Annual Appreciation
4.17%
Original Mortgage
$1,076,000
Interest Rate
3.94%
Mortgage Type
Unknown

Purchase Details

Listed on
Oct 9, 2015
Closed on
Dec 3, 2015
Sold by
Sy Priscilla
Bought by
Olszewski Priscilla
Seller's Agent
Leilani Ornellas
Coldwell Banker Realty
Buyer's Agent
Vincent Lao
Five Star Realty, Inc.
List Price
$1,425,000
Sold Price
$1,435,000
Premium/Discount to List
$10,000
0.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,076,000
Interest Rate
3.94%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 13, 2007
Sold by
Olszewski Priscilla and Pfister Gloria R
Bought by
Olszewski Priscilla and Priscilla Olszewski Trust
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
R & A Investment Llc $1,435,000 Fam
R & A Investment Llc $1,435,000 Fam
Olszewski Priscilla -- None Available
Olszewski Priscilla -- None Available
Olszewski Priscilla -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hawaiiusa Federal Credit Union $1,300,000
Closed Hawaiiusa Federal Credit Union $1,300,000
Closed R & A Investment Llc $1,076,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2015 12/31/15 Sold $1,435,000 +0.7% $414 / Sq Ft
12/01/2015 12/01/15 Pending -- -- --
10/09/2015 10/09/15 For Sale $1,425,000 -- $411 / 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 $5,660 $1,621,300 $1,109,900 $511,400
2024 $5,660 $1,617,000 $1,109,900 $507,100
2023 $5,637 $1,610,500 $1,109,900 $500,600
2022 $5,113 $1,460,900 $981,800 $479,100
2021 $4,752 $1,357,800 $837,500 $520,300
2020 $5,088 $1,453,600 $921,300 $532,300
2019 $4,825 $1,378,500 $837,500 $541,000
2018 $4,518 $1,290,900 $753,800 $537,100
2017 $4,292 $1,226,300 $628,100 $598,200
2016 $3,838 $1,096,500 $552,800 $543,700
2015 $3,746 $1,070,400 $536,000 $534,400
2014 -- $1,045,000 $519,300 $525,700
Source: Public Records

Agents Affiliated with this Home

  • Leilani Ornellas

    Seller's Agent in 2015

    Leilani Ornellas

    Coldwell Banker Realty

    (808) 479-3791

    1 in this area

    18 Total Sales

    Leilani Ornellas
    Section Image
  • Vincent Lao

    Buyer's Agent in 2015

    Vincent Lao

    Five Star Realty, Inc.

    (808) 382-6871

    7 in this area

    219 Total Sales

    Vincent Lao
    Section Image
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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 201518523

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-7-3-002-012-0000

Hawaii Honolulu County Wahiawa 96786

285 Olive Ave, Wahiawa, HI

This home is located at 285 Olive Ave, Wahiawa, HI 96786 since 09 October 2015 and is currently estimated at $2,107,075, approximately $607 per square foot. This property was built in 1946. 285 Olive Ave is a home located in Honolulu County with nearby schools including Ka'ala Elementary School, Wahiawa Middle School, and Leilehua High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright 2025 HiCentral MLS, Ltd

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