NOT LISTED FOR SALE

Estimated Value: $2,388,729 - $2,890,000

-- Bed
1 Bath
3,568 Sq Ft
$720/Sq Ft Est. Value

Last Sold June 08, 2018

Last sale price $1,960,000 $549 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $14,087/month

91 Days on Market

About This Home

As of June 2018

Investor's dream! Rarely available apartment building for sale in this area, 6 unit apartment, 4-one bedroom/ 1 bath (492 SF) and 2-two bedroom/ 1 bath (832 SF). Each unit has its own electric meter. The building next door is for sale also, 729 Ekela Ave.

Last Agent to Sell the Property

Tha Smith

Coldwell Banker Realty License #RS-74579 Listed on: 02/07/2018

Coldwell Banker Realty

Last Buyer's Agent

Neal Tachibana

Realty Edge Inc License #RB-15561

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,128

Year Built

  • Built in 1959

Lot Details

  • 5,675 Sq Ft Lot

Home Design

  • Slab Foundation
  • Metal Roof

Interior Spaces

  • 3,568 Sq Ft Home
  • 1-Story Property
  • Laundry in unit

Parking

  • 6 Parking Spaces
  • Tandem Parking
  • Open Parking

Listing and Financial Details

  • Tenant pays for electricity, parking fee
  • Assessor Parcel Number 1-2-7-035-006-0000

Community Details

Overview

  • 6 Units
  • Kapahulu Subdivision

Building Details

  • Operating Expense $13,416
  • Net Operating Income $70,584

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,128

Year Built

Built in 1959

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1959
  • CommunityFeatures: None
  • Road Frontage Type: Other
  • LaundryFeatures: In Unit
  • MLS Status: Closed
  • Subdivision Name: KAPAHULU
  • Unit Levels: One, Two
  • Roof: Metal
  • Tax Year: 2017
  • Special Features: None

Interior Features

  • Stories: 1

Exterior Features

  • Construction Type: Hollow Tile, Single Wall
  • Lot Features: Cleared, Other
  • Property Condition: Good Condition
  • Topography: Other
  • View: None
  • View: No
  • Disclosures: 1031 Exchange, Pet on Property, Seller Disclosure
  • Foundation Details: Slab

Garage/Parking

  • Parking Features: Open, Tandem
  • Total Parking Spaces: 6.0
  • Open Parking: Yes

Utilities

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

Lot Info

  • Parcel Number: 1-2-7-035-006-0000
  • Zoning Description: 12 - A-2 Medium Density Apartme

Multi Family

  • Number Of Units Total: 6
  • Net Operating Income: 70584.0
  • Annual Operating Expense: 13416.0
  • Tenant Pays: Electricity, Parking Fee
  • Total Actual Rent: 7000.0

Tax Info

  • Tax Annual Amount: 7128.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2018
Closed on
Jun 4, 2018
Sold by
Ung Khoi and Khov Jenny
Bought by
Ung Khoi and Khov Jenny
Seller's Agent
Tha Smith
Coldwell Banker Realty
Buyer's Agent
Neal Tachibana
Realty Edge Inc
List Price
$3,250,000
Sold Price
$1,960,000
Premium/Discount to List
-$1,290,000
-39.69%
Current Estimated Value
$2,567,576

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$607,576
Avg. Annual Appreciation
3.72%
Original Mortgage
$1,000,000
Outstanding Balance
$864,832
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
$1,702,744

Purchase Details

Listed on
Feb 7, 2018
Closed on
May 16, 2018
Sold by
Chan Keith Martin and Chan Kyong Mi Lee
Bought by
Ung Khoi and Khov Jenny
Seller's Agent
Tha Smith
Coldwell Banker Realty
Buyer's Agent
Neal Tachibana
Realty Edge Inc
List Price
$3,250,000
Sold Price
$1,960,000
Premium/Discount to List
-$1,290,000
-39.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$864,832
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
$1,702,744

Purchase Details

Closed on
Dec 1, 2008
Sold by
Moriyama Richard Akito and Hatakeyama Robert George
Bought by
Chan Keith Martin and Chan Kyong Mi Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,012,500
Interest Rate
6.16%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 16, 2008
Sold by
Kudo Mae Toshie
Bought by
Kudo Tsukasa and Kudo Mae Toshie

Purchase Details

Closed on
Jan 12, 2008
Sold by
Moriyama Richard Akito
Bought by
Hatakeyama Robert George and Hatakeyama Carol Eiko

Purchase Details

Closed on
Jan 11, 2008
Sold by
Ono Audrey Emiko
Bought by
Ono Audrey E and Audrey E Ono Trust

Purchase Details

Closed on
Jan 10, 2008
Sold by
Hatakeyama Carol Eiko
Bought by
Hatakeyama Robert George and Hatakeyama Carol Eiko

Purchase Details

Closed on
Jan 16, 1996
Sold by
Moriyama Harue
Bought by
Hatakeyama Carol Eiko and Ono Audrey Emiko

Purchase Details

Closed on
Dec 22, 1995
Sold by
Moriyama Harue
Bought by
Hatakeyama Carol Eiko and Ono Audrey 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
Ung Khoi -- Fam
Ung Khoi -- Fam
Ung Khoi $1,960,000 Fam
Chan Keith Martin $1,350,000 Fidelity National Title Ins
Kudo Tsukasa -- None Available
Hatakeyama Robert George -- None Available
Ono Audrey E -- None Available
Hatakeyama Robert George -- None Available
Hatakeyama Carol Eiko -- --
Moriyama Harue -- --
Hatakeyama Carol Eiko -- --
Moriyama Harue -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ung Khoi $1,000,000
Closed Ung Khoi $1,000,000
Closed Ung Khoi $1,000,000
Closed Ung Khoi $1,000,000
Previous Owner Chan Keith Martin $1,012,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/08/2018 06/08/18 Sold $1,960,000 -39.7% $549 / Sq Ft
05/09/2018 05/09/18 Pending -- -- --
02/07/2018 02/07/18 For Sale $3,250,000 -- $911 / 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 $7,457 $2,139,300 $1,541,800 $597,500
2024 $7,457 $2,130,600 $1,541,800 $588,800
2023 $7,135 $2,038,600 $1,459,200 $579,400
2022 $6,912 $1,974,900 $1,431,600 $543,300
2021 $6,617 $1,890,600 $1,321,500 $569,100
2020 $6,806 $1,944,700 $1,321,500 $623,200
2019 $4,783 $1,478,400 $1,211,400 $267,000
2018 $4,783 $1,366,700 $1,106,600 $260,100
2017 $4,494 $1,283,900 $1,021,500 $262,400
2016 $4,107 $1,173,300 $908,000 $265,300
2015 $3,765 $1,075,600 $822,900 $252,700
2014 -- $1,018,800 $766,100 $252,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 201803732

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-7-035-006-0000