Hawaii House
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1242 Makaloa St, Honolulu, HI 96814

Multi-Family · Sold · 3796 sqft · Sold 04/11/2018 $2,230,000 $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 market49
  • Building typeApartments
  • Price per sqft$587/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
School ratingDistance
NR
Redemption Academy
423 Kamakee Street, Honolulu, HI 96814
Elementary School
0.423mi
NR
Redemption Academy
423 Kamakee Street, Honolulu, HI 96814
Middle School
0.423mi
7
out of 10
President William Mckinley High School
1039 South King St, Honolulu, HI 96814
High School
0.407mi
School ratingDistance
NR
Redemption Academy
423 Kamakee Street, Honolulu, HI 96814
0.423mi
6
out of 10
Queen Kaahumanu Elementary School
1141 Kinau St, Honolulu, HI 96814
0.489mi
NR
Hawaiian Mission Academy K-8
1415 Makiki Street, Honolulu, HI 96814
0.641mi
5
out of 10
King William Lunalilo Elementary School
810 Pumehana St, Honolulu, HI 96826
0.783mi
NR
Maryknoll School
1402 Punahou Street, Honolulu, HI 96822
0.811mi
School ratingDistance
NR
Redemption Academy
423 Kamakee Street, Honolulu, HI 96814
0.423mi
5
out of 10
President George Washington Middle School
1633 South King St, Honolulu, HI 96826
0.581mi
NR
Hawaiian Mission Academy K-8
1415 Makiki Street, Honolulu, HI 96814
0.641mi
NR
Maryknoll School
1402 Punahou Street, Honolulu, HI 96822
0.811mi
NR
Maryknoll Grade School
1722 Dole Street, Honolulu, HI 96822
0.904mi
School ratingDistance
7
out of 10
President William Mckinley High School
1039 South King St, Honolulu, HI 96814
0.407mi
NR
Hawaiian Mission Academy
1438 Pensacola Street, Honolulu, HI 96822
0.69mi
NR
Maryknoll School
1402 Punahou Street, Honolulu, HI 96822
0.811mi
NR
Maryknoll Grade School
1722 Dole Street, Honolulu, HI 96822
0.904mi
NR
Punahou School
1601 Punahou Street, Honolulu, HI 96822
0.945mi
Data provided by Greatschools.org
Neighborhood - Ala Moana
  • Neighborhood average sales price*$943.32k
  • Neighborhood median sales price*$430.5k
  • Number or sales*100
  • Street median sales price*$2.23m
Price history
Date Event Price $/sqft Source
Apr 11, 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 $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
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Open floorplan
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Hawaii House
Multi-Family Sold $2,230,000 $2,288,000 1242 Makaloa St, Honolulu, HI, 96814 3796 sqft Remove from Saved Save House