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509 Lauiki Street, Honolulu, HI 96826
1 min walk to Ala Wai Neighborhood Park
4 min drive to Waikiki Beach
6 min drive to Ala Wai Golf Course
5 min drive to The Wall
27 min walk to Rock Piles
About lifestyles
Iolani school neighborhood GEM! Super desirable neighborhood with maximum rentability with solid, seasoned rents and great rental comps demonstrating ultimate rentability for value-adding to market rates. Don’t miss out on this rare opportunity to own these just under 700sf two bed units with nice grassy yard and covered one-to-one parking on a very nice-sized lot. Add your own coin laundry and charge for parking for more income. All tenants on MTM agreements. PLEASE do not disturb tenants or walk/ park on property. All washing machines are tenant-owned, separately metered for electricity.
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Details
1952 year built
Year Built
1952
Original list price
$1,825,000
Days on market
59
Price per sqft
$437/sqft
Address
509 Lauiki Street, Honolulu, HI, 96826
Frontage
Other
Neighborhood
Kapiolani
Land area
7,199 sqft / 0.165 acres
Total Interior Area
4,180 sqft
City of Oahu
Honolulu
Region
Honolulu
Island
Oahu
Land tenure
FS - Fee Simple
Number of Units
6
Parking Spaces
6
Annual Expenses
27168
Net Operating Income
67032
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Monthly payment
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Mortgage
$9,306
Taxes
$524
HOA dues
$0
Mortgage
Down payment
$365,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$9,306 / month
Neighborhood: Kapiolani
Nearby & commute
Walkability
Coffee shops
—
no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
—
no data
Beach
—
no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
13.5 / 20
Somewhat walkable
►
18-20
Most Walkable
15-18
Very walkable
10-15
Somewhat walkable
1-10
Car dependent
Walkability according to the National Walkability Index
Amenities & Features
6 parking places, Concrete, Other, Wood floors
Roof
Other
Property Condition
Above Average
Business Type
Condo/Apt, Other
Construction/Exterior Finish
Concrete Block, Wood Frame
Air Conditioning
None
Loading
None
Floor Covering
Concrete, Other, Wood
Income Information Source
Owner
Expense Information Source
Owner
Easements
Sewer
Documents Available
Lease Documents, P&L, Title Search
Lessee/Tenant Pays
Electricity, Other
Parking
Assigned, On Site, Other
Utilities Included
Gas, Light Electricity, Other, Small Water Meter
Amenities
None
Kapiolani prices
Average price $1.36m
Neighborhood average sales price*
$1.36m
Neighborhood median sales price*
$1.46m
Number or sales*
6
*last 6 months
Price history
Active Under Contract Apr 10, 2023
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Apr 10, 2023 | Active Under Contract | $1,825,000 | $436.60 | MLS #202306969 |
| Mar 31, 2023 | New Listing | $1,825,000 | $436.60 | MLS #202306969 |
Activity
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Tax & MLS details 509 Lauiki Street, Honolulu, HI, 96826
13 - A-3 High Density Apartment zoning / MLS #202306969
Current Property Taxes p/month
$524
Property Tax Year
2023
Assessed Improvement value
$166,700
Assessed Land value
$1,705,500
TMK
1-2-7-013-024-0000
Land Recorded
Regular System
Zoning
13 - A-3 High Density Apartment
Flood Zone
Zone A
Total Assessed value
$1,872,200
Listed by
Commercial Inv. Strategies
(808) 429-1098
(808) 429-1098
MLS #
202306969
Hawaii House tour report for this commercial
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Recently sold nearby 509 Lauiki Street in Kapiolani
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Frequently asked questions for 509 Lauiki Street
What is 509 Lauiki Street?
509 Lauiki Street is a Commercial/Industrial
How many units does it have?
509 Lauiki Street has 6 units.
What is the rental income?
The net income is $67,032
*check with agent
*check with agent
What is the full address of this commercial?
509 Lauiki Street, Honolulu, HI, 96826.
What comparable properties are nearby?
Comparable nearby commercial properties include 2106 Young Street, 1572 Kalakaua Ave, 888 Mililani St unit 700, 1100 Alakea St unit 1400, 1100 Alakea Street unit 700, 1050 12th Ave.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2023 by HiCentral Mls, Ltd. Listing courtesy of Commercial Inv. Strategies. Some active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation. Hawaii House Inc. is a real estate brokerage firm licensed to conduct business in the State of Hawaii. Information deemed reliable, but not guaranteed.
Listings last updated on April 17, 2023.
Hawaii House Last checked less than a minute ago.
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