NOT LISTED FOR SALE

724 Olokele Ave Unit D Honolulu, HI 96816

Diamond Head-Kapahula-Saint Louis Neighborhood

Estimated Value: $1,806,000 - $2,309,000

4 Beds
2 Baths
-- Sq Ft
5,525 Sq Ft Lot

Last Sold November 27, 2015

Last sale price $1,488,888

Est. 38% increase in value since last sale

Current estimated payment $11,353/month

85 Days on Market

About This Home

As of November 2015

Five unit apartment complex. Consists of Duplex and 2 story concrete building in established Kapahulu neighborhood. Units recently renovated and currently 100% occupied. Duplex - 2 bdrm, bath; wooden structure. 2 Story Bldg. - 2 - 2 bdrm/bath on the ground floor and 3 bdrm, 2 bath on the second floor. Excellent location, near busline and freeway access and walking distance to Safeway and Market City. Property is located on a dead end lane off of Olokele Avenue.

Last Agent to Sell the Property

Bob Tanaka

Bob Tanaka Inc License #RB-08374 Listed on: 08/04/2015

Last Buyer's Agent

Myron Kiriu

REMAX Hawaii License #RB-17242

REMAX Hawaii

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,564

Year Built

  • Built in 1956

Lot Details

  • 5,525 Sq Ft Lot
  • Level Lot

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Laundry in unit

Parking

  • 5 Parking Spaces
  • Covered Parking
  • Open Parking
  • Assigned Parking

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 1-2-7-035-102-0000

Community Details

Overview

  • 5 Units
  • Kapahulu Subdivision

Building Details

  • Operating Expense $23,480
  • Net Operating Income $61,420

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,564

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1956
  • CommunityFeatures: None
  • Road Frontage Type: Other
  • LaundryFeatures: In Unit
  • MLS Status: Closed
  • Subdivision Name: KAPAHULU
  • Unit Levels: One, Two
  • Roof: Composition, Other
  • Tax Year: 2014
  • Special Features: None

Interior Features

  • Stories: 1

Exterior Features

  • Construction Type: Hollow Tile, Other, Concrete, Single Wall, Wood Frame
  • Lot Features: Dead End, Irregular Lot, Level
  • Property Condition: Good Condition
  • Topography: Level
  • View: None
  • View: No
  • Disclosures: 1031 Exchange, Seller Disclosure
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Assigned, Covered, Open
  • Total Parking Spaces: 5.0
  • Open Parking: Yes

Utilities

  • Utilities: Natural Gas Available, Phone Available, Sewer Available, Water Available, Sewer Connected
  • Sewer: Connected
  • Water Source: Public

Lot Info

  • Parcel Number: 1-2-7-035-102-0000
  • Zoning Description: 12 - A-2 Medium Density Apartme

Multi Family

  • Number Of Units Total: 5
  • Net Operating Income: 61420.0
  • Annual Operating Expense: 23480.0
  • Tenant Pays: Electricity, Gas
  • Total Actual Rent: 7075.0

Tax Info

  • Tax Annual Amount: 3564.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 4, 2015
Closed on
Nov 16, 2015
Sold by
Migita Roy Toshiaki and Migita Janice Yoshie
Bought by
Honolulu Laundry Company Limited
Seller's Agent
Bob Tanaka
Bob Tanaka Inc
Buyer's Agent
Myron Kiriu
REMAX Hawaii
List Price
$1,488,888
Sold Price
$1,488,888
Current Estimated Value
$2,059,657

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$570,769
Avg. Annual Appreciation
3.33%
Original Mortgage
$388,888
Outstanding Balance
$305,567
Interest Rate
3.76%
Mortgage Type
Unknown
Estimated Equity
$1,754,090

Purchase Details

Listed on
Dec 3, 2014
Closed on
Dec 5, 2014
Sold by
Hamada Edward M and Hamada Arlean N
Bought by
Hamada Edward M and Hamada Arlean N
Seller's Agent
Alan So
Bob Tanaka Inc
Sold Price
$2,050

Purchase Details

Listed on
Dec 3, 2014
Closed on
Oct 24, 2014
Sold by
Takahashi Aimie Emiko
Bought by
Takahashi Amie Emiko
Seller's Agent
Alan So
Bob Tanaka Inc
Sold Price
$2,050

Purchase Details

Closed on
Oct 28, 2010
Sold by
Migita Janice Yoshie
Bought by
Migita Roy Toshiaki and Migita Janice Yoshie

Purchase Details

Closed on
Sep 23, 2010
Sold by
Hamada Edward Misao
Bought by
Hamada Edward M and Hamada Arlean N

Purchase Details

Closed on
Mar 18, 2010
Sold by
Hamada Gary Satoshi
Bought by
Hamada Edward Misao and Takahashi Aimie Emiko
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
Honolulu Laundry Company Limited $1,488,888 Tg
Honolulu Laundry Company Limited $1,488,888 Tg
Hamada Edward M -- None Available
Hamada Edward M -- None Available
Takahashi Amie Emiko -- None Available
Takahashi Amie Emiko -- None Available
Migita Roy Toshiaki -- None Available
Hamada Edward M -- None Available
Hamada Edward Misao -- Tg
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Honolulu Laundry Company Limited $388,888
Closed Honolulu Laundry Company Limited $388,888
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/27/2015 11/27/15 Sold $1,488,888 0.0% --
10/28/2015 10/28/15 Pending -- -- --
08/04/2015 08/04/15 For Sale $1,488,888 0.0% --
12/03/2014 12/03/14 Rented $2,050 0.0% --
12/03/2014 12/03/14 For Rent $2,050 -- --
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 $6,233 $1,785,500 $1,510,300 $275,200
2024 $6,233 $1,780,900 $1,510,300 $270,600
2023 $5,935 $1,695,700 $1,429,300 $266,400
2022 $5,798 $1,656,700 $1,402,400 $254,300
2021 $5,454 $1,558,200 $1,294,500 $263,700
2020 $5,519 $1,576,800 $1,294,500 $282,300
2019 $5,163 $1,475,000 $1,186,600 $288,400
2018 $4,753 $1,357,900 $1,077,400 $280,500
2017 $4,518 $1,290,900 $994,500 $296,400
2016 $3,855 $1,101,400 $839,800 $261,600
2015 $3,561 $1,017,300 $761,100 $256,200
2014 -- $964,200 $708,600 $255,600
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2015

    Bob Tanaka

    Bob Tanaka Inc

    (808) 943-2889

    40 Total Sales

    Bob Tanaka
    Section Image
  • Myron Kiriu

    Buyer's Agent in 2015

    Myron Kiriu

    REMAX Hawaii

    (808) 721-2032

    16 in this area

    548 Total Sales

    Myron Kiriu
    Section Image

  • A

    Seller's Agent in 2014

    Alan So

    Bob Tanaka Inc

    (808) 949-4111

    9 Total Sales

    Alan So
    Section Image
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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 201512918

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-7-035-102-0000

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

724 Olokele Ave Unit D, Honolulu, HI

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