NOT LISTED FOR SALE

Estimated Value: $2,285,725 - $2,687,000

6 Beds
3 Baths
3,013 Sq Ft
$812/Sq Ft Est. Value

Last Sold October 27, 2023

Last sale price $2,400,000 $797 Per Sq Ft

Current estimated payment $15,148/month

49 Days on Market

Highlights

  • Mountain View
  • 1-Story Property
  • Level Lot
  • Kaimuki Middle School Rated A-
  • Central Air

About This Home

As of October 2023

Rarely available opportunity in Kapahulu! Priced attractively at tax-assessed value. B-2 Zoned with 3 structures & 4 units: a 957 sf Retail Shop, a 780 sf 2/1 Single Family Home, and a 1,276 sf Duplex with two 638 sf 2/1 units. Two carports with a total of 5 parking, plus street parking. Ready to go with 5 electrical meters. Super convenient and desirable location only 0.9 miles to the closest freeway onramp, and 0.9 miles to "walls" at world famous Waikiki Beach, plus a plethora of eateries in the immediate area. All units are vacant except for Duplex A; tenant will vacate at closing. Make use of the property quickly with a few repairs, make some upgrades for increased revenue, or explore the option to redevelop affordable rental units under Bill 7 to maximize the property’s highest & best use. Historical income numbers are below market, as family has lived in 2 units rent-free for years, leaving you plenty of upside. Property is being sold Strictly As-Is. Bath count (3.5) does not match city records (3). Structures have deferred maintenance, buyers to conduct their own due diligence. Please do not disturb tenants. Act quickly. Don’t miss your chance to own this amazing property!

Last Agent to Sell the Property

Dan Ihara

Keller Williams Honolulu License #RS-65892 Listed on: 09/08/2023

Keller Williams Honolulu

Co-Listed By

Ted Kawabata

Keller Williams Honolulu License #RS-79205

Last Buyer's Agent

Bryn Kaufman

OahuRE.com License #RB-21252

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $30,504

Year Built

  • Built in 1949

Lot Details

  • 6,914 Sq Ft Lot
  • Level Lot
  • Cleared Lot
  • Property is in average condition

Interior Spaces

  • 3,013 Sq Ft Home
  • 1-Story Property
  • Mountain Views

Parking

  • 5 Parking Spaces
  • Covered Parking
  • Open Parking

Utilities

  • Central Air
  • Sewer Tap Fee
  • Internet Available
  • Cable TV Available

Community Details

  • 4 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$30,504

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Sub Type: Multi-Family
  • Prop. Type: Multi-Family
  • Fill Sq Ft Total: 3013
  • Stories Type: One
  • Year Built: 1949
  • Attribution Contact: (808) 596-2888
  • Special Features: None
  • Stories: 1

Interior Features

  • Amenities: A/C

Exterior Features

  • Construction Type: Concrete, Single Wall
  • Easements: None
  • Flood Zone: Zone X
  • Lot Features: Clear
  • Property Condition: Average
  • Topography: Level
  • View: Mountain

Garage/Parking

  • Parking Features: Covered, Open
  • Total Parking Spaces: 5

Utilities

  • Utilities: Cable, Internet, Public Water, Sewer Fee, Water
  • Sewer: Connected

Multi Family

  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 30504.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2023
Closed on
Oct 25, 2023
Sold by
Gierhart Gail C and Gierhart Robert D
Bought by
Kai Family 1998 Trust and Kai
Seller's Agent
Dan Ihara
Keller Williams Honolulu
Buyer's Agent
Bryn Kaufman
OahuRE.com
List Price
$2,460,000
Sold Price
$2,400,000
Premium/Discount to List
-$60,000
-2.44%
Current Estimated Value
$2,411,487

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$11,487
Avg. Annual Appreciation
1.17%

Purchase Details

Closed on
Mar 31, 2021
Sold by
Gierhart Gail C and Morihara Dean K
Bought by
Gierhart Gail C and Hino Cindy M

Purchase Details

Closed on
Sep 4, 2015
Sold by
Morihara James H
Bought by
Gierhart Gail C and Morihara Dean K
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
Kai Family 1998 Trust -- First American Title Of Hawaii
Gierhart Gail C -- None Available
Gierhart Gail C -- None Available
Gierhart Gail C -- None Available
Gierhart Gail C -- None Available
Morihara James H -- None Available
Morihara Nora I -- None Available
Gierhart Gail C -- None Available
Morihara James H -- None Available
Morihara Nora I -- None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2023 10/28/23 Off Market $2,400,000 -- --
10/27/2023 10/27/23 Sold $2,400,000 -2.4% $797 / Sq Ft
09/08/2023 09/08/23 For Sale $2,460,000 -- $816 / 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 $28,201 $2,367,600 $2,128,500 $239,100
2024 $28,201 $2,274,300 $2,061,000 $213,300
2023 $30,504 $2,460,000 $2,250,500 $209,500
2022 $30,366 $2,448,900 $2,250,500 $198,400
2021 $30,902 $2,492,100 $2,286,800 $205,300
2020 $30,103 $2,427,700 $2,214,200 $213,500
2019 $26,455 $2,356,800 $2,141,600 $215,200
2018 $26,455 $2,133,500 $1,923,800 $209,700
2017 $24,802 $2,000,200 $1,814,900 $185,300
2016 $21,202 $1,709,800 $1,524,500 $185,300
2015 $19,971 $1,610,600 $1,430,200 $180,400
2014 -- $1,519,400 $1,343,000 $176,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202320785

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-3-1-012-015-0000