Hawaii House
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1242 Makaloa St, Honolulu, HI 96814

Multi-Family · For sale · 3796 sqft · $2,288,000

Solid hollow tile 2 story building in prime Ala Moana area close to the Ala Moana Shopping Center, Walmart/Sam Clubs, Kakaako and Kapiolani district. Nice mix of 2-2 bedroom, 5-1 bedroom and 1 studio units. Total 8 units. Freshly painted and new security front doors. Five covered parking carport in front of building. Laundromat with coin washers and dryers directly across street. Very stable long term tenants and strong possibility to increase below market rents to obtain even greater cash flow. Nice building and location rarely on the market for your client looking for a replacement property. Make offer subject to inspection, do not bother tenants. Priced to sell fast and will not last long!
Details
  • Original list price$2,288,000
  • Days on market4
  • Building typeApartments
  • Price per sqft$603/sqft
  • Address

    1242 Makaloa St, Honolulu, HI, 96814

  • Year Built1959
  • FrontageOther
  • NeighborhoodAla Moana
  • Land tenureFS - Fee Simple
  • Land SqFt5000 sqft
  • ViewNone
Unit Information
  • # of 1 Bd5
  • # of 2 Bd2
  • # of 3 Bd0
  • Total Units8
Amenities & Features
  • StoriesTwo
  • RoofPitch & Gravel
  • ConstructionConcrete, Hollow Tile
  • UtilitiesOverhead Electricity, Water
  • Property ConditionAbove Average, Average
  • ParkingAssigned, Covered
  • nr.of parking places5
  • AmenitiesNone
Income
  • Total Actual Rent$8,300
  • Total Annual Operating Expenses$21,048
  • Total Income$99,600
  • Net Operating Income$78,552
Schools Nearby
-
Neighborhood - Ala Moana
  • Neighborhood average sales price*$898.07k
  • Neighborhood median sales price*$412k
  • Number or sales*92
Price history
Date Event Price $/sqft Source
Feb 21, 2018 New Listing $2,288,000 $602.74 MLS 201804579
Dec 21, 2016 Sold $1,675,000 +28.85% from last sold price $441.25 Public Record
Oct 17, 2016 In Escrow - not showing $1,395,000 $367.49 MLS 201622230
Aug 26, 2016 New Listing $1,395,000 $367.49 MLS 201622230
Oct 24, 2006 Sold $1,300,000 $342.47 Public Record
Oct 1, 2006 Expired $1,350,000 $355.64 MLS 2610424
Sep 6, 2006 In Escrow - not showing $1,350,000 $355.64 MLS 2610424
Aug 16, 2006 Under contract $1,350,000 $355.64 MLS 2610424
Aug 10, 2006 Back On Market $1,350,000 $355.64 MLS 2610424
Aug 5, 2006 Under contract $1,350,000 $355.64 MLS 2610424
Jul 30, 2006 Price Decrease $1,350,000 -6.9% $355.64 MLS 2610424
Jun 2, 2006 New Listing $1,450,000 $381.98 MLS 2610424
May 19, 2006 Withdrawn $1,495,000 $393.84 MLS 2604964
Apr 19, 2006 Back On Market $1,495,000 $393.84 MLS 2604964
Mar 31, 2006 Under contract $1,495,000 $393.84 MLS 2604964
Mar 9, 2006 New Listing $1,495,000 $393.84 MLS 2604964
Taxes
  • Current Property Taxes p/month$337
  • Property Tax Year2017
  • Assessed Improvement value$228,500
  • Assessed Land value$926,300
  • MLS #201804579
  • TMK1-2-3-015-022-0000
  • Land RecordedRegular System
  • Zoning12 - A-2 M
  • TopographyLevel
  • LocationOther
  • Lot DescriptionClear
  • Property SetbacksC&C, Of Record
  • Total Assessed value$1,154,800
Agent viewpoints   of 1242 Makaloa St, Honolulu, HI, 96814
Stunning views
Ocean views
Open floorplan
Needs Work
Street noise

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Hawaii House
Multi-Family For sale $2,288,000 1242 Makaloa St, Honolulu, HI, 96814 3796 sqft Remove from Saved Save House