Seller's Agent in 2025
Michael Okamoto
Standard Management LLC
(808) 208-8106
1 in this area
13 Total Sales
437 Namahana St Honolulu, HI 96815
Waikiki Neighborhood
--
Bed
--
Bath
6,067
Sq Ft
4,500
Sq Ft Lot
Highlights
- Coin Laundry
- Level Lot
- 2-minute walk to Waikiki Gateway Park
About This Home
As of April 2025Fee simple, 12-unit apartment building with 6 parking stalls and coin operated laundry on-site. All tenants on month-to-month leases at an average rent of $1,250, which is low for a nice, one bedroom unit in Waikiki. This prime building recently returned to the ground lessor. Take a look at the photos of each pleasant unit to see the condition – they are all 1 bedroom / 1 bathroom units. The entire property is secured around the perimeter with a gate and there is a separate, gated-off strip of land in the back which could become a garden, outdoor common area, or bark park for pets. This property offers significant value-add opportunities. By adjusting rents to market rates, investors can maximize returns and enhance the property’s overall value.
Last Agent to Sell the Property
Standard Management LLC Brokerage Phone: (808) 208-8107 License #RB-22000 Listed on: 07/09/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,104
Year Built
- Built in 1966
Lot Details
- 4,500 Sq Ft Lot
- Level Lot
Home Design
- Composition Roof
Interior Spaces
- 6,067 Sq Ft Home
- 3-Story Property
Parking
- 6 Parking Spaces
- Covered Parking
Schools
- Ala Wai Elementary School
- Washington Middle School
- Mckinley High School
Listing and Financial Details
- Tenant pays for cable TV, electricity, parking fee
- Assessor Parcel Number 1-2-6-016-055-0000
Community Details
Overview
- 12 Units
- Waikiki Subdivision
Amenities
- Coin Laundry
Building Details
- Operating Expense $40,486
- Net Operating Income $145,514
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 9, 2024
Closed on
Apr 15, 2025
Sold by
Ramirez Melinda Ann and Truffa Diana Marie
Bought by
Kim Kee Joon
Seller's Agent
Michael Okamoto
Standard Management LLC
Buyer's Agent
So Young Lee
Coldwell Banker Realty
List Price
$4,000,000
Sold Price
$3,700,000
Premium/Discount to List
-$300,000
-7.5%
Views
32
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$62,249
Avg. Annual Appreciation
-38.53%
Purchase Details
Closed on
May 31, 2024
Sold by
Langford Robert S
Bought by
Jaymar Trust and Langford
Purchase Details
Closed on
Oct 24, 2019
Sold by
Quiocho Jeffrey N and Rowland Walter R
Bought by
Ramirez Melinda Ann and Langford Bonnell James
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Exchange Deed | -- | Old Republic Title | |
| Warranty Deed | -- | None Listed On Document | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/30/2025 04/30/25 | Sold | $3,700,000 | -7.5% | $610 / Sq Ft |
| 07/09/2024 07/09/24 | For Sale | $4,000,000 | -- | $659 / Sq Ft |
Source: HiCentral MLS (Honolulu Board of REALTORS®)
Tax History Compared to Growth
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 | $7,107 | $2,030,000 | $1,688,100 | $341,900 |
| 2024 | $7,107 | $2,030,500 | $1,688,100 | $342,400 |
| 2023 | $7,026 | $2,007,300 | $1,665,000 | $342,300 |
| 2022 | $6,773 | $1,935,200 | $1,618,800 | $316,400 |
| 2021 | $6,844 | $1,955,300 | $1,618,800 | $336,500 |
| 2020 | $6,634 | $1,895,300 | $1,526,300 | $369,000 |
| 2019 | $6,381 | $1,847,100 | $1,480,000 | $367,100 |
| 2018 | $6,381 | $1,823,200 | $1,456,900 | $366,300 |
| 2017 | $6,211 | $1,774,600 | $1,387,500 | $387,100 |
| 2016 | $5,816 | $1,661,700 | $1,271,900 | $389,800 |
| 2015 | $5,455 | $1,558,700 | $1,187,500 | $371,200 |
| 2014 | -- | $1,509,900 | $1,140,000 | $369,900 |
Source: Public Records
Agents Affiliated with this Home
-
Michael Okamoto
-
So Young Lee
S
Buyer's Agent in 2025
So Young Lee
Coldwell Banker Realty
(808) 738-3904
3 in this area
7 Total Sales
Map
Source: HiCentral MLS (Honolulu Board of REALTORS®)
MLS Number: 202415757
APN: 1-2-6-016-055-0000
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.
Some of the active listings appearing on this site may be listed by other REALTORS(R). If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.
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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