SOLD 04/11/2018
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1242 Makaloa St, Honolulu, HI 96814
$2,230,000 $2,288,000
Multi-Family Home
sold
3,796 sqft
Neighborhood:
Ala Moana
Sold 04/11/2018
$2,230,000 $2,288,000
5 min walk to Sheridan Community Park
20 min walk to Concessions
About lifestyles
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!
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Multi-family details
1959 year built
- Year Built 1959
- Year Remodeled 2017
- Original list price $2,288,000
- Days on market 50
- Building type Apartments
- Price per sqft $587/sqft
-
Address
1242 Makaloa St, Honolulu, HI, 96814
- Frontage Other
- Neighborhood Ala Moana
- Land tenure FS - Fee Simple
- Land SqFt 5,000 sqft
- View None
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Monthly payment
Calculate your monthly payments
Mortgage
$11,371
Taxes
$337
HOA dues
$0
Mortgage
Down payment
$446,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$11,371 / month
Neighborhood: Ala Moana
Nearby & commute
Walkability
Coffee shops
—
no data
Bus stop
—
no data
Supermarket
—
no data
Costco
—
no data
Hospital
—
no data
Park
—
no data
Beach
—
no data
Elementary school
—
no data
Middle school
—
no data
High school
—
no data
Local airport
—
no data
18 / 20
Most 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
8 total units
# of 1 Bd
5
# of 2 Bd
2
# of 3 Bd
0
Total Units
8
Amenities & Features
5 parking places
Stories
Two
Roof
Pitch & Gravel
Construction
Concrete, Hollow Tile
Utilities
Overhead Electricity, Water
Property Condition
Above Average, Average
Parking
Assigned, Covered
nr.of parking places
5
Amenities
None
Income
Net Operating Income: $78,552
Total Actual Rent
$8,300
Total Annual Operating Expenses
$21,048
Total Income
$99,600
Net Operating Income
$78,552
Ala Moana prices
Average price $333.53k
Neighborhood average sales price*
$333.53k
Neighborhood median sales price*
$340k
Number or sales*
16
Street median sales price*
$355k
*last 6 months
Schools
15 schools with rating up to 6
| School rating | Distance | |
|---|---|---|
|
Redemption Academy
423 Kamakee Street,
Honolulu, HI 96814
Elementary School
|
0.423mi | |
|
Redemption Academy
423 Kamakee Street,
Honolulu, HI 96814
Middle School
|
0.423mi | |
| out of 10 |
President William Mckinley High School
1039 South King St,
Honolulu, HI 96814
High School
|
0.407mi |
| School rating | Distance | |
|---|---|---|
|
Redemption Academy
423 Kamakee Street,
Honolulu, HI 96814
|
0.423mi | |
| out of 10 |
Queen Kaahumanu Elementary School
1141 Kinau St,
Honolulu, HI 96814
|
0.489mi |
|
Hawaiian Mission Academy K-8
1415 Makiki Street,
Honolulu, HI 96814
|
0.641mi | |
| out of 10 |
King William Lunalilo Elementary School
810 Pumehana St,
Honolulu, HI 96826
|
0.783mi |
|
Maryknoll School
1402 Punahou Street,
Honolulu, HI 96822
|
0.811mi |
| School rating | Distance | |
|---|---|---|
|
Redemption Academy
423 Kamakee Street,
Honolulu, HI 96814
|
0.423mi | |
| out of 10 |
President George Washington Middle School
1633 South King St,
Honolulu, HI 96826
|
0.581mi |
|
Hawaiian Mission Academy K-8
1415 Makiki Street,
Honolulu, HI 96814
|
0.641mi | |
|
Maryknoll School
1402 Punahou Street,
Honolulu, HI 96822
|
0.811mi | |
|
Maryknoll Grade School
1722 Dole Street,
Honolulu, HI 96822
|
0.904mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
President William Mckinley High School
1039 South King St,
Honolulu, HI 96814
|
0.407mi |
|
Hawaiian Mission Academy
1438 Pensacola Street,
Honolulu, HI 96822
|
0.69mi | |
|
Maryknoll School
1402 Punahou Street,
Honolulu, HI 96822
|
0.811mi | |
|
Maryknoll Grade School
1722 Dole Street,
Honolulu, HI 96822
|
0.904mi | |
|
Punahou School
1601 Punahou Street,
Honolulu, HI 96822
|
0.945mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Sold Apr 12, 2018
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Apr 12, 2018 | Sold | $2,230,000 +33.13% from last sold price | $587.46 | Public Record |
| Mar 7, 2018 | Under contract | $2,288,000 | $602.74 | MLS #201804579 |
| Feb 21, 2018 | New Listing | $2,288,000 +36.6% | $602.74 | MLS #201804579 |
| Dec 21, 2016 | Sold | $1,675,000 +20.07% 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 +7.31% | $367.49 | MLS #201622230 |
| Oct 24, 2006 | Sold | $1,300,000 -3.7% from last sold price | $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 -3.01% | $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 |
Tax & MLS details 1242 Makaloa St, Honolulu, HI, 96814
12 - A-2 Medium Density Apartme zoning / MLS #201804579
Current Property Taxes p/month
$337
Property Tax Year
2017
Assessed Improvement value
$228,500
Assessed Land value
$926,300
TMK
1-2-3-015-022-0000
Land Recorded
Regular System
Zoning
12 - A-2 Medium Density Apartme
Flood Zone
Zone X
Topography
Level
Location
Other
Lot Description
Clear
Property Setbacks
C&C, Of Record
Total Assessed value
$1,154,800
Listed by
Five Star Realty, Inc.
MLS #
201804579
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Frequently asked questions for 1242 Makaloa St
When was this multi-family home built and last sold?
This house was build in 1959 and sold in 2018.
What is the full address of this multi-family home?
1242 Makaloa St, Honolulu, HI, 96814.
Are there beaches near 1242 Makaloa St?
No, there aren't.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 by HiCentral Mls, Ltd. Listing courtesy of Five Star Realty, Inc.. 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 12, 2018.
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