NOT LISTED FOR SALE

743 Pumehana St Honolulu, HI 96826

McCully-Mō'ili'ili Neighborhood

Estimated Value: $1,178,000 - $1,639,000

-- Bed
-- Bath
4,230 Sq Ft
$338/Sq Ft Est. Value

Last Sold October 05, 2023

Last sale price $1,480,000 $350 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $8,155/month

20 Days on Market

About This Home

As of October 2023

Rare investment opportunity! Offered below assessed value. A-2 Zoned apartment building in the heart of Honolulu on a 5000 SF Level lot with 8 separate electrical meters. Super convenient and desirable location only minutes to Waikiki, Ala Moana, UH and just a stones throw to McCully Shopping Center where you'll find ample eateries and dining options. Property consists of two, 2-story dwellings with a total of 8 units, all 2 bed/1 bath. The new owner can take over the tenants and continue to enjoy a steady 4.5% CAP rate, upgrade the existing units to increase the revenue or explore the option to redevelop affordable rental units under Bill 7 to maximize the property's highest and best use. Current income may not measure the building's full occupancy potential or current market rates. Property is being sold Strictly As-Is, the two structures have deferred maintenance and are ready to be renovated or rebuilt. Priced at land value, buyers to conduct their own due diligence. Please do not disturb tenants. Act quickly, don't miss out on your chance to own an amazing investment in an unbeatable area!

Last Agent to Sell the Property

Dan Ihara

Keller Williams Honolulu License #RS-65892 Listed on: 05/12/2023

Keller Williams Honolulu

Co-Listed By

Shane Breeden

Keller Williams Honolulu License #RS-84266

Last Buyer's Agent

Dan Ihara

Keller Williams Honolulu License #RS-65892 Listed on: 05/12/2023

Keller Williams Honolulu

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,752

Year Built

  • Built in 1931

Lot Details

  • 5,000 Sq Ft Lot
  • Level Lot
  • Cleared Lot
  • Property is in good condition

Home Design

  • Repairs Needed
  • Slab Foundation

Interior Spaces

  • 4,230 Sq Ft Home
  • 2-Story Property

Parking

  • 4 Parking Spaces
  • Unassigned Parking

Utilities

  • Sewer Tap Fee
  • Internet Available
  • Cable TV Available

Community Details

  • 8 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,752

Year Built

Built in 1931

Lot Details

0

Listing Details

  • Property Sub Type: Multi-Family
  • Prop. Type: Multi-Family
  • Fill Sq Ft Total: 4230
  • Stories Type: Two
  • Year Built: 1931
  • Attribution Contact: (808) 596-2888
  • Special Features: None
  • Stories: 2

Interior Features

  • Amenities: None

Exterior Features

  • Construction Type: Above Ground, Single Wall, Slab
  • Easements: None
  • Flood Zone: Zone AO
  • Lot Features: Clear
  • Property Condition: Fair, Needs Major Repair
  • Topography: Level
  • View: None

Garage/Parking

  • Parking Features: Unassigned
  • Total Parking Spaces: 4

Utilities

  • Utilities: Cable, Internet, Overhead Electricity, Sewer Fee, Water
  • Sewer: Connected

Multi Family

  • Number Of Units Total: 8

Tax Info

  • Tax Annual Amount: 4752.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2023
Closed on
Sep 22, 2023
Sold by
Wimmer Edith M A
Bought by
Sylvia S W Liang-Ho Revocable Trust and Liang-Ho
Seller's Agent
Dan Ihara
Keller Williams Honolulu
Buyer's Agent
Dan Ihara
Keller Williams Honolulu
List Price
$1,200,000
Sold Price
$1,480,000
Premium/Discount to List
$280,000
23.33%
Current Estimated Value
$1,423,652

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$56,348
Avg. Annual Appreciation
-0.11%
Source: Public Records

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
Sylvia S W Liang-Ho Revocable Trust -- Fam
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/05/2023 10/05/23 Sold $1,480,000 0.0% $350 / Sq Ft
08/30/2023 08/30/23 Off Market $1,480,000 -- --
06/01/2023 06/01/23 Pending -- -- --
05/12/2023 05/12/23 For Sale $1,200,000 -- $284 / 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 $4,771 $1,365,300 $1,225,000 $140,300
2024 $4,771 $1,363,100 $1,225,000 $138,100
2023 $4,748 $1,356,600 $1,225,000 $131,600
2022 $4,302 $1,229,100 $1,100,000 $129,100
2021 $4,137 $1,182,100 $1,050,000 $132,100
2020 $4,187 $1,196,200 $1,050,000 $146,200
2019 $4,184 $1,195,300 $1,050,000 $145,300
2018 $3,914 $1,118,300 $975,000 $143,300
2017 $4,010 $1,145,800 $925,000 $220,800
2016 $3,766 $1,075,900 $850,000 $225,900
2015 $3,326 $950,300 $775,000 $175,300
2014 -- $920,200 $750,000 $170,200
Source: Public Records

Agents Affiliated with this Home

  • Dan Ihara

    Seller's Agent in 2023

    Dan Ihara

    Keller Williams Honolulu

    (808) 291-9733

    23 in this area

    451 Total Sales

    Section Image

  • S

    Seller Co-Listing Agent in 2023

    Shane Breeden

    Keller Williams Honolulu

    (808) 596-2888

    1 in this area

    32 Total Sales

    Section Image
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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202310461

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-3-033-010-0000

Hawaii Honolulu County Honolulu 96826 McCully-Mō'ili'ili

743 Pumehana St, Honolulu, HI

This home is located at 743 Pumehana St, Honolulu, HI 96826 since 12 May 2023 and is currently estimated at $1,428,074, approximately $337 per square foot. This property was built in 1931. 743 Pumehana St is a home located in Honolulu County with nearby schools including King William Lunalilo Elementary School, President George Washington Middle School, and Kaimuki 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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