SOLD 04/29/2021
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1405 Ernest Street, Honolulu, HI 96822
$2,100,000 $2,198,000
Multi-Family Home
sold
3,056 sqft
Neighborhood:
Punchbowl Area
Sold 04/29/2021
$2,100,000 $2,198,000
5 min walk to Piikoi Street Mini Park
29 min walk to Kewalos
About lifestyles
Fully renovated in 2020, rarely available apartment building located at the corner of Lunalilo and Ernest Streets. All 7 - 1 bedroom units were completely gutted from top to bottom and renovated beautifully with all new appliances. Building also comes with 11 parking stalls including tandem spaces. Hollow tile construction with stucco finish were also added in 2020. Electricity and water are separately metered. Common Laundry area. Convenient location and great “turn key” investment for buyers looking for minimal repairs.
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Multi-family details
1958 year built
- Year Built 1958
- Year Remodeled 2020
- Original list price $2,198,000
- Days on market 78
- Building type Apartments
- Price per sqft $687/sqft
-
Address
1405 Ernest Street, Honolulu, HI, 96822
- Frontage Other
- Neighborhood Punchbowl Area
- Land tenure FS - Fee Simple
- Land SqFt 5,101 sqft
- View Other
Open Houses
No upcoming open houses
Monthly payment
Calculate your monthly payments
Mortgage
$10,708
Taxes
$426
HOA dues
$0
Mortgage
Down payment
$420,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$10,708 / month
Neighborhood: Punchbowl Area
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
11 / 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
7 total units
# of 1 Bd
7
# of 2 Bd
0
# of 3 Bd
0
Total Units
7
Amenities & Features
11 parking places
Stories
Three
Roof
Other
Construction
Hollow Tile, Masonry/Stucco
Utilities
Overhead Electricity, Public Water
Property Condition
Excellent
Parking
Assigned, Covered, Open, Tandem
nr.of parking places
11
Amenities
None
Income
Net Operating Income: $93,924
Total Actual Rent
$10,150
Total Annual Operating Expenses
$34,476
Total Income
$12,840
Net Operating Income
$93,924
Punchbowl Area prices
Average price $514.77k
Neighborhood average sales price*
$514.77k
Neighborhood median sales price*
$375k
Number or sales*
87
Street median sales price*
$283k
*last 6 months
Schools
15 schools with rating up to 9
| School rating | Distance | |
|---|---|---|
| out of 10 |
Queen Kaahumanu Elementary School
1141 Kinau St,
Honolulu, HI 96814
Elementary School
|
0.202mi |
| out of 10 |
Robert Louis Stevenson Middle School
1202 Prospect St,
Honolulu, HI 96822
Middle School
|
0.491mi |
|
Hawaiian Mission Academy
1438 Pensacola Street,
Honolulu, HI 96822
High School
|
0.125mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Queen Kaahumanu Elementary School
1141 Kinau St,
Honolulu, HI 96814
|
0.202mi |
|
Hawaiian Mission Academy K-8
1415 Makiki Street,
Honolulu, HI 96814
|
0.592mi | |
| out of 10 |
President Abraham Lincoln Elementary School
615 Auwaiolimu St,
Honolulu, HI 96813
|
0.624mi |
|
Montessori Community School
1239 Nehoa Street,
Honolulu, HI 96822
|
0.641mi | |
|
Playmate Kindergarten, Day Care
1704 Keeaumoku Street,
Honolulu, HI 96822
|
0.68mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Robert Louis Stevenson Middle School
1202 Prospect St,
Honolulu, HI 96822
|
0.491mi |
|
Hawaiian Mission Academy K-8
1415 Makiki Street,
Honolulu, HI 96814
|
0.592mi | |
|
K12 International Academy
1390 Miller Street ,
Honolulu, HI 96813
|
0.694mi | |
|
The Keystone School
1390 Miller Street,
Honolulu, HI 96813
|
0.694mi | |
|
Redemption Academy
423 Kamakee Street,
Honolulu, HI 96814
|
0.778mi |
| School rating | Distance | |
|---|---|---|
|
Hawaiian Mission Academy
1438 Pensacola Street,
Honolulu, HI 96822
|
0.125mi | |
| out of 10 |
President William Mckinley High School
1039 South King St,
Honolulu, HI 96814
|
0.416mi |
| out of 10 |
President Theodore Roosevelt High School
1120 Nehoa St,
Honolulu, HI 96822
|
0.648mi |
|
K12 International Academy
1390 Miller Street ,
Honolulu, HI 96813
|
0.694mi | |
|
The Keystone School
1390 Miller Street,
Honolulu, HI 96813
|
0.694mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Sold Apr 29, 2021
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Apr 29, 2021 | Sold | $2,100,000 +27.27% from last sold price | $687.17 | Public Record |
| Feb 11, 2021 | Under contract | $2,198,000 | $719.24 | MLS #202103873 |
| Feb 11, 2021 | New Listing | $2,198,000 -4.35% | $719.24 | MLS #202103873 |
| Jan 13, 2021 | Expired | $2,298,000 | $751.96 | MLS #202016904 |
| Sep 4, 2020 | Price Decrease | $2,298,000 -8.01% | $751.96 | MLS #202016904 |
| Jul 14, 2020 | New Listing | $2,498,000 +51.39% | $817.41 | MLS #202016904 |
| Sep 30, 2019 | Sold | $1,650,000 | $539.92 | Public Record |
| Sep 13, 2019 | In Escrow - not showing | $1,650,000 | $539.92 | MLS #201922786 |
| Aug 15, 2019 | Under contract | $1,650,000 | $539.92 | MLS #201922786 |
| Aug 11, 2019 | New Listing | $1,650,000 | $539.92 | MLS #201922786 |
Tax & MLS details 1405 Ernest Street, Honolulu, HI, 96822
12 - A-2 Medium Density Apartme zoning / MLS #202103873
Current Property Taxes p/month
$426
Property Tax Year
2020
Assessed Improvement value
$241,800
Assessed Land value
$1,218,200
TMK
1-2-4-017-003-0000
Land Recorded
Regular System
Zoning
12 - A-2 Medium Density Apartme
Flood Zone
Zone X
Topography
Gentle Slope,Level,Up Slope
Location
Corner
Lot Description
Other
Property Setbacks
Of Record
Total Assessed value
$1,460,000
Listed by
List Sotheby's Int'l Realty
MLS #
202103873
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Frequently asked questions for 1405 Ernest Street
When was this multi-family home built and last sold?
This house was build in 1958 and sold in 2021.
What is the full address of this multi-family home?
1405 Ernest Street, Honolulu, HI, 96822.
Are there beaches near 1405 Ernest Street?
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 List Sotheby's Int'l Realty. 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 28, 2021.
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