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1321 Palolo Ave, Honolulu, HI 96816-2551
2 min walk to Pukele Avenue Mini Park
5 min drive to The Wall
About lifestyles
Two buildings built in 1988, with 6 bedrooms each. 5 full baths and 3 half baths. Leased to tenants until 5/31/2018, $5,863/month, triple net, with increase every 3 years. 4.41% cap rate for owner. Tenants pay all utilities, insurance, property taxes, repairs and maintenance. Currently used as very successful care home for senior citizens.
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Multi-family details
1988 year built
- Year Built 1988
- Original list price $1,595,000
- Days on market 423
- Building type Multi Dwellings
- Price per sqft $388/sqft
-
Address
1321 Palolo Ave, Honolulu, HI, 96816-2551
- Frontage Other
- Neighborhood Palolo
- Land tenure FS - Fee Simple
- Land SqFt 9,835 sqft
- View Mountain
Open Houses
No upcoming open houses
Monthly payment
Calculate your monthly payments
Mortgage
$8,133
Taxes
$448
HOA dues
$0
Mortgage
Down payment
$319,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$8,133 / 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
14 / 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
Unit Information
2 total units
# of 1 Bd
0
# of 2 Bd
0
# of 3 Bd
2
Total Units
2
Amenities & Features
6 parking places
Stories
Two
Furnished
Partial
Roof
Asphalt Shingle
Construction
Double Wall, Slab, Wood Frame
Utilities
Connected, Internet, Overhead Electricity, Public Water, Telephone
Property Condition
Above Average
Parking
Open, Unassigned
nr.of parking places
6
Amenities
Resident Manager
Income
Net Operating Income: $70,366
Total Actual Rent
$70,366
Total Annual Operating Expenses
Total Income
$70,366
Net Operating Income
$70,366
Palolo prices
Average price $440.63k
Neighborhood average sales price*
$440.63k
Neighborhood median sales price*
$380k
Number or sales*
51
Street median sales price*
$333.5k
Median sale price Executive Centre*
$362k
*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 7
| School rating | Distance | |
|---|---|---|
| out of 10 |
Aliiolani Elementary School
1240 7th Ave,
Honolulu, HI 96816
Elementary School
|
0.095mi |
|
St Patrick School
3320 Harding Avenue,
Honolulu, HI 96816
Middle School
|
0.284mi | |
|
St Louis School
3142 Waialae Avenue,
Honolulu, HI 96816
High School
|
0.326mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Aliiolani Elementary School
1240 7th Ave,
Honolulu, HI 96816
|
0.095mi |
|
St Patrick School
3320 Harding Avenue,
Honolulu, HI 96816
|
0.284mi | |
|
Queen Lydia Liliuokalani Elementary School
3633 Waialae Ave,
Honolulu, HI 96816
|
0.605mi | |
|
Aikane O Hokulani
2940 Kamakini St,
Honolulu, HI 96816
|
0.616mi | |
|
Sacred Hearts Academy
3253 Waialac Avenue,
Honolulu, HI 96816
|
0.62mi |
| School rating | Distance | |
|---|---|---|
|
St Patrick School
3320 Harding Avenue,
Honolulu, HI 96816
|
0.284mi | |
|
St Louis School
3142 Waialae Avenue,
Honolulu, HI 96816
|
0.326mi | |
|
Sacred Hearts Academy
3253 Waialac Avenue,
Honolulu, HI 96816
|
0.62mi | |
|
Kaimuki Christian School
1117 Koko Head Ave,
Honolulu, HI 96816
|
0.633mi | |
| out of 10 |
William P Jarrett Middle School
1903 Palolo Ave,
Honolulu, HI 96816
|
0.801mi |
| School rating | Distance | |
|---|---|---|
|
St Louis School
3142 Waialae Avenue,
Honolulu, HI 96816
|
0.326mi | |
|
Sacred Hearts Academy
3253 Waialac Avenue,
Honolulu, HI 96816
|
0.62mi | |
|
Kaimuki Christian School
1117 Koko Head Ave,
Honolulu, HI 96816
|
0.633mi | |
| out of 10 |
Kaimuki High School
2705 Kaimuki Ave,
Honolulu, HI 96816
|
0.801mi |
|
Varsity International School
2617 South King St., 3-D,
Honolulu, HI 96826
|
1.142mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Expired Apr 27, 2012
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Apr 27, 2012 | Expired | $1,595,000 | $388.27 | MLS #1112946 |
| Apr 27, 2012 | Expired | $1,595,000 | $388.27 | MLS #1105110 |
| Oct 25, 2011 | New Listing | $1,595,000 | $388.27 | MLS #1112946 |
| Apr 27, 2011 | New Listing | $1,595,000 | $388.27 | MLS #1105110 |
Tax & MLS details 1321 Palolo Ave, Honolulu, HI, 96816-2551
05 - R-5 Residential District zoning / MLS #1112946
Current Property Taxes p/month
$448
Property Tax Year
2012
Assessed Improvement value
$639,000
Assessed Land value
$786,300
TMK
1-3-3-003-011-0000
Land Recorded
Land Court
Zoning
05 - R-5 Residential District
Flood Zone
Zone D
Topography
Level
Location
Other
Lot Description
Clear
Property Setbacks
C&C
Total Assessed value
$1,425,300
Listed by
Quincy Kaneshiro, REALTOR
MLS #
1112946
Hawaii House tour report for this multi-family home
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Stunning views
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Open floorplan
Needs Work
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Frequently asked questions for 1321 Palolo Ave
When was this multi-family home built and last sold?
This house was build in 1988.
What is the full address of this multi-family home?
1321 Palolo Ave, Honolulu, HI, 96816-2551.
Are there beaches near 1321 Palolo Ave?
No, there aren't.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2025 by HiCentral Mls, Ltd. Listing courtesy of Quincy Kaneshiro, REALTOR. 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 May 25, 2024.
Hawaii House Last checked 1 minute ago.
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