NOT LISTED FOR SALE

304 Olive Ave Wahiawa, HI 96786

Estimated Value: $2,324,000 - $3,249,747

3 Beds
1 Bath
928 Sq Ft
$2,877/Sq Ft Est. Value

Last Sold September 09, 2016

Last sale price $1,830,000 $1,972 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $15,062/month

78 Days on Market

Highlights

  • City View
  • Leilehua High School Rated A-
  • Level Lot

About This Home

As of September 2016

Great Cash Flow Potential! Solid hollow tile apartment complex with 8 2/1 and 6 1/1 units together with 2/1 single family dwelling. Rental income is under market because of relationship with long term tenants. Parking ratio is not 1:1 but dwelling may be demolished to add more parking. All units in the complex are fair to average and could be renovated to increase the rental income. Wahiawa is known for cool/rainy climate with close proximity to the famous Halewia town, north shore beaches, and Schofield Army Base. Maximize your return on investment today and don't let this opportunity pass

Last Agent to Sell the Property

Marc Kumai

Ivy K Realty, LLC License #RB-18403 Listed on: 05/24/2016

Co-Listed By

Ivy Kumai

Ivy K Realty, LLC License #RB-09277

Last Buyer's Agent

Vincent Lao

Five Star Realty, Inc. License #RB-18181

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,096

Year Built

  • Built in 1937

Lot Details

  • 9,350 Sq Ft Lot
  • Level Lot

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 2-Story Property
  • City Views

Laundry

  • Laundry in unit
  • Washer

Parking

  • 5 Parking Spaces
  • Open Parking
  • Unassigned Parking

Schools

  • Kaala Elementary School
  • Wahiawa Middle School
  • Leilehua High School

Listing and Financial Details

  • Tenant pays for cable TV, electricity
  • Assessor Parcel Number 1-7-3-002-063-0000

Community Details

Overview

  • 15 Units
  • Wahiawa Area Subdivision

Building Details

  • Operating Expense $1,776
  • Net Operating Income $6,624

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,096

Year Built

Built in 1937

Lot Details

0

Listing Details

  • Co List Office Mls Id: IVYK
  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1937
  • CommunityFeatures: None
  • LaundryFeatures: In Unit
  • NAV29_Unit_1_Appliances: Washer
  • Co List Office Phone: (808) 488-0771
  • MLS Status: Closed
  • Subdivision Name: WAHIAWA AREA
  • Unit Levels: Two
  • Roof: Asphalt, Other, Shingle
  • Tax Year: 2015
  • Special Features: None

Interior Features

  • Stories: 2

Exterior Features

  • Construction Type: Hollow Tile, Concrete, Single Wall, Wood Frame
  • Lot Features: Cleared, Corner Lot, Level
  • Property Condition: Average Condition
  • Topography: Level
  • View: City, Mountain(s)
  • View: Yes
  • Disclosures: None

Garage/Parking

  • Parking Features: Open, Unassigned
  • Total Parking Spaces: 5.0
  • Open Parking: Yes

Utilities

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

Schools

  • Elementary School: Kaala
  • High School: Leilehua
  • Middle Or Junior School: Wahiawa

Lot Info

  • Parcel Number: 1-7-3-002-063-0000
  • Zoning Description: 12 - A-2 Medium Density Apartme

Multi Family

  • Number Of Units Total: 15
  • Net Operating Income: 6624.0
  • Annual Operating Expense: 1776.0
  • Tenant Pays: Cable TV, Electricity, Other
  • Total Actual Rent: 8400.0

Tax Info

  • Tax Annual Amount: 4096.08

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2016
Closed on
Sep 7, 2016
Sold by
Do Katherine Soon Nok
Bought by
Olive Hawaii Property Llc
Seller's Agent
Marc Kumai
Ivy K Realty, LLC
Buyer's Agent
Vincent Lao
Five Star Realty, Inc.
List Price
$1,500,000
Sold Price
$1,830,000
Premium/Discount to List
$330,000
22%
Current Estimated Value
$2,669,916

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$839,916
Avg. Annual Appreciation
1.54%
Original Mortgage
$1,350,000
Interest Rate
3.48%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 19, 2012
Sold by
Young June
Bought by
Young June

Purchase Details

Closed on
Sep 21, 1993
Sold by
Young John Y B
Bought by
Young John Y B and Young June
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
Olive Hawaii Property Llc -- Fam
Young June -- None Available
Young June -- None Available
Young John Y B -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Olive Hawaii Property Llc $1,125,000
Closed Olive Hawaii Property Llc $1,350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2016 09/09/16 Sold $1,830,000 +22.0% $1,972 / Sq Ft
08/10/2016 08/10/16 Pending -- -- --
05/24/2016 05/24/16 For Sale $1,500,000 -- $1,616 / 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 $6,180 $1,763,000 $1,224,000 $539,000
2024 $6,180 $1,765,800 $1,224,000 $541,800
2023 $5,545 $1,748,800 $1,224,000 $524,800
2022 $5,545 $1,584,400 $1,082,700 $501,700
2021 $5,084 $1,452,700 $935,000 $517,700
2020 $5,584 $1,595,400 $1,028,500 $566,900
2019 $5,309 $1,516,800 $935,000 $581,800
2018 $4,927 $1,407,800 $841,500 $566,300
2017 $4,536 $1,296,100 $701,300 $594,800
2016 $4,255 $1,215,800 $617,100 $598,700
2015 $4,096 $1,170,300 $598,400 $571,900
2014 $3,253 $1,150,900 $579,700 $571,200
Source: Public Records

Agents Affiliated with this Home

  • Marc Kumai

    Seller's Agent in 2016

    Marc Kumai

    Ivy K Realty, LLC

    (808) 548-8737

    1 in this area

    140 Total Sales

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  • Ivy Kumai

    Seller Co-Listing Agent in 2016

    Ivy Kumai

    Ivy K Realty, LLC

    (808) 488-0771

    1 in this area

    162 Total Sales

    Section Image
  • Vincent Lao

    Buyer's Agent in 2016

    Vincent Lao

    Five Star Realty, Inc.

    (808) 382-6871

    7 in this area

    217 Total Sales

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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 201612565

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-7-3-002-063-0000

Hawaii Honolulu County Wahiawa 96786

304 Olive Ave, Wahiawa, HI

This home is located at 304 Olive Ave, Wahiawa, HI 96786 since 24 May 2016 and is currently estimated at $2,669,916, approximately $2,877 per square foot. This property was built in 1937. 304 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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