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1448 Thurston Ave, Honolulu, HI, 96822
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1448 Thurston Ave, Honolulu, HI 96822

$5,000,000 Multi-Family Home cancelled 10,924 sqft Neighborhood:  Punchbowl Area
7 min walk to Dole Community Park
29 min walk to Ala Moana Beach
4 min drive to Point Panic
3 min drive to Kewalos
About lifestyles
This investment opportunity in the heart of Punchbowl, just minutes from downtown, has never been offered for sale until now. It is conveniently located near schools, universities, hospitals, shopping, entertainment and recreation, with freeway on- and off-ramps nearby. The 3-story walk-up is comprised of 15 1-bed/1-bath units and one 2-bed/2-bath unit, each with a private lanai and assigned covered parking. This well-maintained building is self-managed, and has enjoyed an average 12-year tenancy per unit. Since 2020, seven apartments have been updated as tenants have vacated. The property also benefits from community coin laundry, individually metered electricity (tenant-paid), and an on-site resident manager. Below market rents offer an investor the opportunity for increased revenue. Listing brochure in Supplements includes financials and rent roll; buyer to conduct their own due diligence. Do not enter property or disturb tenants.
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Multi-family details

1963 year built
  • Year Built 1963
  • Year Remodeled 2020
  • Original list price $5,000,000
  • Days on market 135
  • Building type Multi Dwellings
  • Price per sqft $458/sqft
  • Address

    1448 Thurston Ave, Honolulu, HI, 96822

  • Neighborhood Punchbowl Area
  • Land tenure FS - Fee Simple
  • Land SqFt 5,000 sqft
  • View City

Open Houses

No upcoming open houses

Monthly payment

Calculate your monthly payments
Mortgage
$25,494
Taxes
$292
HOA dues
$0
$25,786 per month
Mortgage
Down payment
$1,000,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount $25,494 / 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
12.83 / 20
Somewhat walkable
18-20
15-18
10-15
1-10
Walkability according to the National Walkability Index

Unit Information

16 total units
# of 1 Bd
15
# of 2 Bd
1
# of 3 Bd
0
Total Units
16

Amenities & Features

16 parking places
Stories
Three
Furnished
Partial
Roof
Other
Construction
Concrete, Hollow Tile, Other
Utilities
Cable, Internet, Overhead Electricity, Public Water, Telephone, Water
Property Condition
Average
Parking
Assigned, Covered
nr.of parking places
16
Amenities
Resident Manager

Income

Net Operating Income: $160,060
Total Actual Rent
$18,770
Total Annual Operating Expenses
$68,180
Total Income
$228,240
Net Operating Income
$160,060

Punchbowl Area prices

Average price $551.58k
Neighborhood average sales price*
$551.58k
Neighborhood median sales price*
$442.5k
Number or sales*
500
Street median sales price*
$756.5k
Median sale price Waikiki Banyan*
$756.5k
*last 6 months

Schools

15 schools with rating up to 9
School rating Distance
4
out of 10
Queen Kaahumanu Elementary School
1141 Kinau St, Honolulu, HI 96814
Elementary School
0.335mi
5
out of 10
Robert Louis Stevenson Middle School
1202 Prospect St, Honolulu, HI 96822
Middle School
0.451mi
NR
Hawaiian Mission Academy
1438 Pensacola Street, Honolulu, HI 96822
High School
0.204mi
School rating Distance
4
out of 10
Queen Kaahumanu Elementary School
1141 Kinau St, Honolulu, HI 96814
0.335mi
9
out of 10
President Abraham Lincoln Elementary School
615 Auwaiolimu St, Honolulu, HI 96813
0.56mi
8
out of 10
Royal Elementary School
1519 Queen Emma St, Honolulu, HI 96813
0.574mi
NR
K12 International Academy
1390 Miller Street , Honolulu, HI 96813
0.596mi
NR
Montessori Community School
1239 Nehoa Street, Honolulu, HI 96822
0.658mi
School rating Distance
5
out of 10
Robert Louis Stevenson Middle School
1202 Prospect St, Honolulu, HI 96822
0.451mi
NR
The Keystone School
1390 Miller Street, Honolulu, HI 96813
0.596mi
NR
K12 International Academy
1390 Miller Street , Honolulu, HI 96813
0.596mi
NR
Hawaiian Mission Academy K-8
1415 Makiki Street, Honolulu, HI 96814
0.699mi
NR
St Andrews Priory School
224 Queen Emma Square, Honolulu, HI 96813
0.7mi
School rating Distance
NR
Hawaiian Mission Academy
1438 Pensacola Street, Honolulu, HI 96822
0.204mi
3
out of 10
President William Mckinley High School
1039 South King St, Honolulu, HI 96814
0.502mi
NR
The Keystone School
1390 Miller Street, Honolulu, HI 96813
0.596mi
NR
K12 International Academy
1390 Miller Street , Honolulu, HI 96813
0.596mi
5
out of 10
President Theodore Roosevelt High School
1120 Nehoa St, Honolulu, HI 96822
0.639mi
School ratings provided by Greatschools.org © 2023. All rights reserved.

Price history

Cancelled Jan 6, 2024
Date Event Price $/sqft Source
Jan 6, 2024 Cancelled $5,000,000 $457.71 MLS #202323692
Nov 24, 2023 Hold $5,000,000 $457.71 MLS #202323692
Nov 24, 2023 Back On Market $5,000,000 $457.71 MLS #202323692
Nov 15, 2023 Active Under Contract $5,000,000 $457.71 MLS #202323692
Oct 12, 2023 New Listing $5,000,000 $457.71 MLS #202323692
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Tax & MLS details 1448 Thurston Ave, Honolulu, HI, 96822

12 - A-2 Medium Density Apartme zoning / MLS #202323692
Current Property Taxes p/month
$292
Property Tax Year
2023
Assessed Improvement value
$654,700
Assessed Land value
$1,350,000
TMK
1-2-4-015-070-0000
Land Recorded
Regular System
Zoning
12 - A-2 Medium Density Apartme
Flood Zone
Zone X
Topography
Gentle Slope
Lot Description
Clear
Property Setbacks
None
Total Assessed value
$2,004,700
Listed by
Laulima Real Estate Group, LLC
(808) 439-4446
MLS #
202323692
Hawaii House tour report for this multi-family home
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Stunning views
Ocean views
Open floorplan
Needs Work
Street noise
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Frequently asked questions for 1448 Thurston Ave

When was this multi-family home built and last sold?

This house was build in 1963.

What is the full address of this multi-family home?

1448 Thurston Ave, Honolulu, HI, 96822.

Are there beaches near 1448 Thurston Ave?

The nearest beach is 1.194 miles away, called Ala Moana Beach. It should take about 29 min walk.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 by HiCentral Mls, Ltd. Listing courtesy of Laulima Real Estate Group, LLC. 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 January 06, 2024.
Hawaii House Last checked less than a minute ago.

Multi-Family Home cancelled $5,000,000 1448 Thurston Ave, Honolulu, HI, 96822 10,924 sqft Save House Remove from Saved