Ala Moana Multi-Family

1909 Kahakai Drive, Honolulu, Oahu 96814 Get Directions

SOLD

 

Total SqFt
10,458
Lot Size Area
11,728 SqFt
Land Tenure
Fee Simple
MLS #
202112413
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Overview

Over 4.5% CAP RATE !!! Next to Hawaii Convention Center & entrance to Waikiki. Rents are below market which provides lucky investor an opportunity to greatly increase cash flow. Bldg 100% occupied, currently zero vacancies. Great revenue-earning property for investment. All concrete building-super quiet for tenants, well-kept exterior and landscaping, excellent condition. 33-unit building has 15 rentable stalls for parking. Units individually metered for electricity. Laundry facility conveniently in building. Highly desirable rental units due to central location. Across the street from Ala Moana Shopping Center. Short walk to stores, grocery, beaches and bus stops. Bike/Walk friendly area.

Property Details

Building Type
Apartments, Multi Dwellings
Sold Date
07/14/2021
Sold Price
$8,200,000
Construction Materials
Concrete, Hollow Tile
Location
Corner, Cul-De-Sac
Neighborhood
Ala Moana
Net Operating Income
394092.00
Number Of Units Total
33
Parking Features
Assigned
Parking Total
15
Property Type
Multi-Family
Building SqFt
10,458
Total SqFt
10,458
Status
Sold
Stories
3
Total Actual Rent
$41,280
Total Annual Operating Expenses
$136,212
Total Income
$530,304
View
City
Year Built
1951
Year Remodeled
2000

Additional Property Info

Disclosures
1031 Exchange
Days on Market
46
Elementary School
Ala Wai
Flood Zone
Zone AE
High School
Mckinley
Middle/Junior School
Washington
Property Condition
Excellent
Roof
Other
Tax Amount
$966
Tax Assessed Value
$3,312,300
Tax Assessed Value Improvements
$1,784,600
Tax Assessed Value Land
$1,527,700
Topography
Level
Utilities
Cable
Zoning
12 - A-2 Medium Density Apartme

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Listing Courtesy of Island Prime Properties LLC Courtesy of Mirko K Manfredi, Island Prime Properties LLC.
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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