NOT LISTED FOR SALE

716 Palani Ave Honolulu, HI 96816

Diamond Head-Kapahula-Saint Louis Neighborhood

Estimated Value: $1,466,000 - $1,885,000

6 Beds
3 Baths
2,148 Sq Ft
$776/Sq Ft Est. Value

Last Sold January 02, 2018

Last sale price $1,375,000 $640 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $9,620/month

50 Days on Market

Highlights

  • Tandem Parking
  • Level Lot
  • 1-Story Property
  • Views
  • Community Storage Space

About This Home

As of January 2018

Rarely available multi-unit A-2 (Medium Density Apartment) zoned property in prime Kapahulu/Town location. Lots of upside potential with some TLC. Three 2bd/1bath units currently rented on M/M with carport parking. One 2 story home with two units, and one rear 1 story home with one unit. Carport parking with 4 spaces, possible to be tandem with small cars. Close to Waikiki, U.H.,Kapahulu Ave.,Ala Wai Golf Course, Parks, Zoo, Waikiki Shell, and sandy beaches. One block from newer shopping center with Safeway. Kapahulu is known for its variety of quality eateries. Walk or bike just about anywhere from here. This is a gem of a property with old Hawaii feel. Property sold "AS IS" due to age. Shown by appt. only with min. 2 day notice. Contact Listing agent for showing and more information.

Last Agent to Sell the Property

Richard Derrickson

Lanai Realty License #RB-15874 Listed on: 10/14/2017

Last Buyer's Agent

Nicholas Tang

Drop - 2021 License #RS-67334

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,320

Year Built

  • Built in 1933

Lot Details

  • 6,000 Sq Ft Lot
  • Level Lot

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Tar and Gravel Roof
  • Asphalt Roof
  • Metal Roof

Interior Spaces

  • 2,148 Sq Ft Home
  • 1-Story Property
  • Laundry in unit
  • Property Views

Parking

  • 4 Parking Spaces
  • Covered Parking
  • Tandem Parking
  • Assigned Parking

Schools

  • Jefferson Elementary School
  • Washington Middle School
  • Kaimuki High School

Listing and Financial Details

  • Tenant pays for air conditioning, cable TV, electricity, gas, water
  • Assessor Parcel Number 1-2-7-034-009-0000

Community Details

Overview

  • 3 Units
  • Kapahulu Subdivision

Amenities

  • Community Storage Space

Building Details

  • Operating Expense $11,364
  • Net Operating Income $49,536

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,320

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1933
  • CommunityFeatures: None, Storage Facilities
  • Road Frontage Type: Other
  • LaundryFeatures: In Unit
  • MLS Status: Closed
  • Subdivision Name: KAPAHULU
  • Unit Levels: One, Two
  • Roof: Asphalt, Metal, Shingle, Tar/Gravel
  • Tax Year: 2017
  • Special Features: None

Interior Features

  • Furnished: Partially
  • Stories: 1

Exterior Features

  • Construction Type: Double Wall, Single Wall, Wood Frame
  • Lot Features: Cleared, Interior Lot, Level
  • Property Condition: Average Condition
  • Topography: Level
  • View: Other
  • View: Yes
  • Disclosures: Principal is Real Estate Licensed, Seller Disclosure

Garage/Parking

  • Parking Features: Assigned, Covered, Tandem
  • Total Parking Spaces: 4.0

Utilities

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

Schools

  • Elementary School: Jefferson
  • High School: Kaimuki
  • Middle Or Junior School: Washington

Lot Info

  • Parcel Number: 1-2-7-034-009-0000
  • Zoning Description: 12 - A-2 Medium Density Apartme

Multi Family

  • Number Of Units Total: 3
  • Net Operating Income: 49536.0
  • Annual Operating Expense: 11364.0
  • Tenant Pays: Air Conditioning, Cable TV, Electricity, Gas, Water
  • Total Actual Rent: 5075.0

Tax Info

  • Tax Annual Amount: 4320.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2017
Closed on
Dec 25, 2017
Sold by
Rittenhouse Robert and Rittenhouse Marie
Bought by
3158-C East Manoa Road
Seller's Agent
Richard Derrickson
Lanai Realty
Buyer's Agent
Nicholas Tang
Drop - 2021
List Price
$1,499,000
Sold Price
$1,375,000
Premium/Discount to List
-$124,000
-8.27%
Current Estimated Value
$1,667,825

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$292,825
Avg. Annual Appreciation
2.82%
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
3158-C East Manoa Road $1,375,000 Or
3158-C East Manoa Road $1,375,000 Or
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rittenhouse Robert $625,000
Previous Owner Rittenhouse Robert $555,000
Previous Owner Rittenhouse Robert $500,000
Previous Owner Rittenhouse Robert $389,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/02/2018 01/02/18 Sold $1,375,000 -8.3% $640 / Sq Ft
12/03/2017 12/03/17 Pending -- -- --
10/14/2017 10/14/17 For Sale $1,499,000 -- $698 / 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 $6,383 $1,822,800 $1,610,000 $212,800
2024 $6,383 $1,823,800 $1,610,000 $213,800
2023 $6,046 $1,727,400 $1,523,800 $203,600
2022 $5,913 $1,689,300 $1,495,000 $194,300
2021 $5,539 $1,582,700 $1,380,000 $202,700
2020 $5,541 $1,583,200 $1,380,000 $203,200
2019 $5,147 $1,470,700 $1,265,000 $205,700
2018 $4,560 $1,302,900 $1,170,000 $132,900
2017 $4,319 $1,234,000 $1,080,000 $154,000
2016 $3,892 $1,112,100 $960,000 $152,100
2015 $3,566 $1,018,900 $870,000 $148,900
2014 -- $954,500 $810,000 $144,500
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2018

    Richard Derrickson

    Lanai Realty

    (808) 638-0335

    2 Total Sales

    Richard Derrickson
    Section Image

  • N

    Buyer's Agent in 2018

    Nicholas Tang

    Drop - 2021

  • S

    Buyer Co-Listing Agent in 2018

    Steven Eisenberg

    Pacific Image Properties

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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 201721715

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-7-034-009-0000

Hawaii Honolulu County Honolulu 96816 Diamond Head-Kapahula-Saint Louis

716 Palani Ave, Honolulu, HI

This home is located at 716 Palani Ave, Honolulu, HI 96816 since 14 October 2017 and is currently estimated at $1,667,825, approximately $776 per square foot. This property was built in 1933. 716 Palani Ave is a home located in Honolulu County with nearby schools including President Thomas Jefferson Elementary School, President George Washington Middle School, and Kaimuki High School.

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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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