SOLD 04/01/2024
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1242 6th Ave, Honolulu, HI 96816
$3,415,000 $3,700,000
Multi-Family Home
sold
7,920 sqft
Neighborhood:
Palolo
Sold 04/01/2024
$3,415,000 $3,700,000
5 min walk to Pukele Avenue Mini Park
6 min drive to Waikiki Beach
5 min drive to Ala Wai Golf Course
5 min drive to The Wall
5 min drive to Publics
About lifestyles
OFFERED below assessed Value. Beautifully maintained 2-story concrete building with (1x) 1-bedroom and (9x) 2-bedroom units with 10 open parking stalls. A large 13,965 sq ft lot with building size of 7,920 sq. ft. Each unit features exceptionally large living space with balcony or backyard with units own hot water tank. Building features a coin-operated laundry area for extra monthly income, separately metered electricity, and one sewer. Current rents are below market allowing a buyer to increase rents with some upgrades. Possible redeveloping option under Bill 7 to maximize the property's highest and best use. Ideally located near Chaminade University and the University of Hawaii Manoa, restaurants, and shops.
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Multi-family details
1969 year built
- Year Built 1969
- Original list price $4,000,000
- Days on market 378
- Building type Apartments,Multi Dwellings
- Price per sqft $431/sqft
-
Address
1242 6th Ave, Honolulu, HI, 96816
- Frontage Other
- Neighborhood Palolo
- Land tenure FS - Fee Simple
- Land SqFt 13,965 sqft
- View Mountain
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No upcoming open houses
Monthly payment
Calculate your monthly payments
Mortgage
$17,413
Taxes
$1,159
HOA dues
$0
Mortgage
Down payment
$683,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$17,413 / month
Neighborhood: Palolo
Nearby & commute
Walkability
Coffee shops
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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
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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
16.33 / 20
Very walkable
►
18-20
Most Walkable
15-18
Very walkable
10-15
Somewhat walkable
1-10
Car dependent
Walkability according to the National Walkability Index
Unit Information
10 total units
# of 1 Bd
1
# of 2 Bd
9
# of 3 Bd
0
Total Units
10
Amenities & Features
10 parking places
Stories
Two
Furnished
Partial
Roof
Other
Construction
Concrete
Utilities
Gas, Internet, Overhead Electricity, Public Water, Telephone
Property Condition
Above Average, Average
Parking
Assigned, Open
nr.of parking places
10
Amenities
None
Income
Net Operating Income: $1
Total Actual Rent
$1
Total Annual Operating Expenses
$1
Total Income
$1
Net Operating Income
$1
Palolo prices
Average price $648.33k
Neighborhood average sales price*
$648.33k
Neighborhood median sales price*
$650k
Number or sales*
9
Street median sales price*
$585k
Median sale price Kahala Towers*
$585k
*last 6 months
About Palolo
The neighborhood of Palolo is one of last of the more affordable neighborhoods in Honolulu, Oahu. Palolo Valley is an older neighborhood like many of the surrounding neighborhoods. The first homes were built here in the 1920s, but the vast majority of hom Read more
Schools
15 schools with rating up to 10
| School rating | Distance | |
|---|---|---|
| out of 10 |
Aliiolani Elementary School
1240 7th Ave,
Honolulu, HI 96816
Elementary School
|
0.064mi |
|
St Patrick School
3320 Harding Avenue,
Honolulu, HI 96816
Middle School
|
0.217mi | |
|
St Louis School
3142 Waialae Avenue,
Honolulu, HI 96816
High School
|
0.253mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Aliiolani Elementary School
1240 7th Ave,
Honolulu, HI 96816
|
0.064mi |
|
St Patrick School
3320 Harding Avenue,
Honolulu, HI 96816
|
0.217mi | |
|
Aikane O Hokulani
2940 Kamakini St,
Honolulu, HI 96816
|
0.561mi | |
| out of 10 |
Hokulani Elementary School
2940 Kamakini St,
Honolulu, HI 96816
|
0.576mi |
| out of 10 |
King Liholiho Elementary School
3430 Maunaloa Ave,
Honolulu, HI 96816
|
0.583mi |
| School rating | Distance | |
|---|---|---|
|
St Patrick School
3320 Harding Avenue,
Honolulu, HI 96816
|
0.217mi | |
|
St Louis School
3142 Waialae Avenue,
Honolulu, HI 96816
|
0.253mi | |
|
Sacred Hearts Academy
3253 Waialac Avenue,
Honolulu, HI 96816
|
0.648mi | |
|
Kaimuki Christian School
1117 Koko Head Ave,
Honolulu, HI 96816
|
0.648mi | |
| out of 10 |
William P Jarrett Middle School
1903 Palolo Ave,
Honolulu, HI 96816
|
0.884mi |
| School rating | Distance | |
|---|---|---|
|
St Louis School
3142 Waialae Avenue,
Honolulu, HI 96816
|
0.253mi | |
|
Sacred Hearts Academy
3253 Waialac Avenue,
Honolulu, HI 96816
|
0.648mi | |
|
Kaimuki Christian School
1117 Koko Head Ave,
Honolulu, HI 96816
|
0.648mi | |
| out of 10 |
Kaimuki High School
2705 Kaimuki Ave,
Honolulu, HI 96816
|
0.719mi |
|
Varsity International School
2617 South King St., 3-D,
Honolulu, HI 96826
|
1.078mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Sold Apr 1, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Apr 1, 2024 | Sold | $3,415,000 | $431.19 | Public Record |
| Feb 27, 2024 | Active Under Contract | $3,700,000 | $467.17 | MLS #202306592 |
| Feb 6, 2024 | Price Decrease | $3,700,000 -7.5% | $467.17 | MLS #202306592 |
| Oct 23, 2023 | Back On Market | $4,000,000 | $505.05 | MLS #202306592 |
| May 10, 2023 | Active Under Contract | $4,000,000 | $505.05 | MLS #202306592 |
| Mar 21, 2023 | New Listing | $4,000,000 | $505.05 | MLS #202306592 |
Tax & MLS details 1242 6th Ave, Honolulu, HI, 96816
11 - A-1 Low Density Apartment zoning / MLS #202306592
Current Property Taxes p/month
$1,159
Property Tax Year
2022
Assessed Improvement value
$441,500
Assessed Land value
$3,892,100
TMK
1-3-3-003-021-0000
Land Recorded
Regular System
Zoning
11 - A-1 Low Density Apartment
Flood Zone
Zone X
Topography
Level
Location
Inside
Lot Description
Other
Property Setbacks
C&C
Total Assessed value
$4,333,600
Listed by
Island, REALTORS
(808) 687-8000
(808) 687-8000
MLS #
202306592
Hawaii House tour report for this multi-family home
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Stunning views
Ocean views
Open floorplan
Needs Work
Street noise
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Frequently asked questions for 1242 6th Ave
When was this multi-family home built and last sold?
This house was build in 1969 and sold in 2024.
What is the full address of this multi-family home?
1242 6th Ave, Honolulu, HI, 96816.
Are there beaches near 1242 6th Ave?
The nearest beach is 1.523 miles away, called Waikiki Beach. It should take about 6 min drive.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 by HiCentral Mls, Ltd. Listing courtesy of Island, REALTORS. 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 01, 2024.
Hawaii House Last checked 1 minute ago.
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