NOT LISTED FOR SALE

337 Ululani St Hilo, HI 96720

Estimated Value: $5,031,000 - $5,227,000

1 Bed
10 Baths
20,736 Sq Ft
$247/Sq Ft Est. Value

Last Sold February 21, 2023

Last sale price $4,600,000 $222 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $30,974/month

30 Days on Market

Highlights

  • Ocean View
  • Resident Manager or Management On Site
  • 4-minute walk to Lincoln Park
  • 54,402 Sq Ft lot
  • Level Lot

About This Home

As of February 2023

GREAT INVESTMENT OPPORTUNITY-RARELY AVAILABLE! 42 UNIT APARTMENT COMPLEX in the heart of HILO. 3 story walk-up w/ 55 parking stalls. Each unit has an open lanai off of the bedroom. Third floor units offer an “OCEAN” view!
Building is comprised of: - 34 - 1 bdrm, bath – 448 sq. ft.; - 3 – 1 bdrm, bath – 536 sq. ft. (10 stack); 5 – 2 bdrm, bath – 576 sq. ft. (02 stack – floors 2 & 3; 14 stack- 3 floors).
All units electrically metered individually and furnished with a range/oven and refrigerator. A few units have a disposal.
Common laundry facility on the ground floor. Conveniently located on the corner of Ululani Street and Kukuau Street, near the center of Hilo’s business/retail and visitor districts and 10 minutes to the airport. Many long term tenants with rents below market. Visible, deferred maintenance throughout. Property to be sold in its “as is, where is” condition. SEE ATTACHED FINANCIAL INFORMATION.
Please do not bother tenants.

CURRENTLY NOT SHOWING THE PROPERTY.

Note: Zoning for the Big Island is CG-7.5 - General Commercial, 7,500 sq. ft. minimum lot size.

Last Listed By

Bob Tanaka

Bob Tanaka Inc License #RB-08374 Listed on: 01/08/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $30,156

Year Built

  • Built in 1978

Lot Details

  • 1.25 Acre Lot
  • Level Lot
  • Irregular Lot
  • Property is in average condition

Property Views

  • Ocean
  • Coastline
  • Mountain

Interior Spaces

  • 20,736 Sq Ft Home
  • 3-Story Property
  • Partially Furnished

Parking

  • 55 Parking Spaces
  • Open Parking
  • Assigned Parking

Utilities

  • Phone Available

Community Details

  • 42 Units
  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$30,156

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Sub Type: Multi-Family
  • Prop. Type: Multi-Family
  • Stories Type: Three
  • Year Built: 1978
  • Attribution Contact: (808) 949-4111
  • Special Features: None
  • Stories: 3

Interior Features

  • Amenities: Resident Manager
  • Furnished: Partial

Exterior Features

  • Construction Type: Concrete
  • Easements: Electric, Other, Street Widening
  • Flood Zone: Zone X
  • Lot Features: Irregular
  • Property Condition: Average
  • Topography: Gentle Slope, Level
  • View: Coastline, Mountain, Ocean

Garage/Parking

  • Parking Features: Assigned, Open
  • Total Parking Spaces: 55

Utilities

  • Utilities: Overhead Electricity, Telephone, Water
  • Sewer: Connected

Multi Family

  • Number Of Units Total: 42

Tax Info

  • Tax Annual Amount: 30156.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2023
Closed on
Feb 14, 2023
Sold by
A P Baker Inc
Bought by
Alya Holding Limited Liability Company
Seller's Agent
Bob Tanaka
Bob Tanaka Inc
Buyer's Agent
John Riggins
John Riggins Real Estate
List Price
$3,988,888
Sold Price
$4,600,000
Premium/Discount to List
$611,112
15.32%
Total Days on Market
30
Current Estimated Value
$5,116,586

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$516,586
Avg. Annual Appreciation
4.84%

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
Alya Holding Limited Liability Company -- Title Guaranty & Escrow Servic
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alya Holding Limited Liability $5,271,000
Closed Alya Holding Limited Liability $4,387,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2023 02/22/23 Off Market $4,600,000 -- --
02/21/2023 02/21/23 Sold $4,600,000 +15.3% $222 / Sq Ft
02/07/2023 02/07/23 Pending -- -- --
01/08/2023 01/08/23 For Sale $3,988,888 -- $192 / 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 $29,651 $2,805,900 $654,800 $2,151,100
2024 $29,651 $2,771,100 $523,700 $2,247,400
2023 $30,237 $2,825,900 $498,800 $2,327,100
2022 $30,154 $2,818,100 $491,000 $2,327,100
2021 $18,970 $1,772,900 $431,700 $1,341,200
2020 $19,872 $1,857,200 $431,700 $1,425,500
2019 $19,939 $1,863,500 $402,400 $1,461,100
2018 $20,056 $1,874,400 $377,600 $1,496,800
2017 $20,117 $1,880,100 $377,600 $1,502,500
2016 $18,659 $1,856,600 $377,600 $1,479,000
2015 -- $1,686,000 $245,400 $1,440,600
2014 -- $1,718,000 $245,400 $1,472,600
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2023

    Bob Tanaka

    Bob Tanaka Inc

    (808) 943-2889

    4 in this area

    43 Total Sales

    Bob Tanaka
    Section Image

  • K

    Seller Co-Listing Agent in 2023

    Kathy Tanaka

    Bob Tanaka Inc

    (808) 949-4111

    3 in this area

    36 Total Sales

    Kathy Tanaka
    Section Image
  • John Riggins

    Buyer's Agent in 2023

    John Riggins

    John Riggins Real Estate

    (808) 341-0737

    2 in this area

    29 Total Sales

    John Riggins
    Section Image
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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202300414

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 3-2-3-018-074-0000

Hawaii Hawaii County Hilo 96720

337 Ululani St, Hilo, HI

Homes for Sale in Hilo, HI

This home is located at 337 Ululani St, Hilo, HI 96720 since 08 January 2023 and is currently estimated at $5,116,586, approximately $246 per square foot. This property was built in 1978. 337 Ululani St is a home located in Hawaii County with nearby schools including Hilo Union Elementary School, Hilo Intermediate School, and Hilo 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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