Overview
Once in a lifetime opportunity to own one of the largest single parcel, fee simple, apartment zoned properties in Waikiki--one of Hawaii's most important real estate markets. Only 12 fee simple Waikiki properties over 7,000 sq. ft. have been registered as sold on the MLS in the past 3 decades. Conveniently located on a quiet residential street on the Diamond Head side of Waikiki, this spacious & level lot boasts 4 single family homes. Each 3BD/1BA home is approx. 747 sq. ft. & is separately metered for electricity & water. Each home has its own full size washer/dryer & parking stall (5 stalls total for 6 cars, 1 stall is tandem). These tastefully upgraded vintage Waikiki Plantation homes with entryway patios & soaring 9 foot ceilings were built in 1939 & collectively evokes the charms of yesteryear Waikiki. Featured on Magnum PI! EXCELLENT income property, but development & renovation opportunities abound for its next chapter. Its superior location puts you within moments to world famous Waikiki Beach & various dining, entertainment, & employment options throughout Waikiki, Kakaako, & metro Honolulu. Buyers to complete all due diligence that they may deem material. Sold AS-IS.
Property Details
- Building Type
- Fourplex, Multi Dwellings
- Construction Materials
- Above Ground, Single Wall, Wood Frame
- Location
- Other
- Neighborhood
- Waikiki
- Net Operating Income
- 110659.00
- Number Of Units Total
- 4
- Parking Features
- Assigned, Covered, Open, Tandem
- Parking Total
- 6
- Property Frontage
- Other
- Property Type
- Multi-Family
- Building SqFt
- 2,988
- Total SqFt
- 2,988
- Status
- Active
- Stories
- 1
- Total Actual Rent
- $10,675
- Total Annual Operating Expenses
- $17,441
- Total Income
- $128,100
- Year Built
- 1939
- Year Remodeled
- 2015
Additional Property Info
- Disclosures
- 1031 Exchange, Licensed Owner, Listor Owner, Pet on Property, Property Disclosure Stmt, Relative of Licensee
- Days on Market
- 107
- Elementary School
- Jefferson
- Flood Zone
- Zone X
- High School
- Kaimuki
- Laundry Facilities
- Dryer, Individual, Washer
- Middle/Junior School
- Washington
- Property Condition
- Average
- Roof
- Asphalt Shingle
- Tax Amount
- $548
- Tax Assessed Value
- $1,881,800
- Tax Assessed Value Improvements
- $219,700
- Tax Assessed Value Land
- $1,662,100
- Topography
- Level
- Utilities
- Cable, Internet, Overhead Electricity, Public Water, Sewer Fee, Water
- Zoning
- X2 - Apartment Precinct
Courtesy of Wayne J Chi, Gloria Chi Realty Inc..
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright 2024 by HiCentral MLS, Ltd.
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