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1448 Thurston Ave, Honolulu, HI 96822
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 77
- 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
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Monthly payment
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Mortgage
$25,494
Taxes
$292
HOA dues
$0
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
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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
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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
12.83 / 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
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 $1m
Neighborhood average sales price*
$1m
Neighborhood median sales price*
$900k
Number or sales*
19
Street median sales price*
$639k
Median sale price Keonekai Villages*
$632k
*last 6 months
Schools
15 schools with rating up to 8
| School rating | Distance | |
|---|---|---|
| out of 10 |
Queen Kaahumanu Elementary School
1141 Kinau St,
Honolulu, HI 96814
Elementary School
|
0.335mi |
| out of 10 |
Robert Louis Stevenson Middle School
1202 Prospect St,
Honolulu, HI 96822
Middle School
|
0.451mi |
|
Hawaiian Mission Academy
1438 Pensacola Street,
Honolulu, HI 96822
High School
|
0.204mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Queen Kaahumanu Elementary School
1141 Kinau St,
Honolulu, HI 96814
|
0.335mi |
| out of 10 |
President Abraham Lincoln Elementary School
615 Auwaiolimu St,
Honolulu, HI 96813
|
0.56mi |
| out of 10 |
Royal Elementary School
1519 Queen Emma St,
Honolulu, HI 96813
|
0.574mi |
|
K12 International Academy
1390 Miller Street ,
Honolulu, HI 96813
|
0.596mi | |
|
Montessori Community School
1239 Nehoa Street,
Honolulu, HI 96822
|
0.658mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Robert Louis Stevenson Middle School
1202 Prospect St,
Honolulu, HI 96822
|
0.451mi |
|
The Keystone School
1390 Miller Street,
Honolulu, HI 96813
|
0.596mi | |
|
K12 International Academy
1390 Miller Street ,
Honolulu, HI 96813
|
0.596mi | |
|
Hawaiian Mission Academy K-8
1415 Makiki Street,
Honolulu, HI 96814
|
0.699mi | |
|
St Andrews Priory School
224 Queen Emma Square,
Honolulu, HI 96813
|
0.7mi |
| School rating | Distance | |
|---|---|---|
|
Hawaiian Mission Academy
1438 Pensacola Street,
Honolulu, HI 96822
|
0.204mi | |
| out of 10 |
President William Mckinley High School
1039 South King St,
Honolulu, HI 96814
|
0.502mi |
|
The Keystone School
1390 Miller Street,
Honolulu, HI 96813
|
0.596mi | |
|
K12 International Academy
1390 Miller Street ,
Honolulu, HI 96813
|
0.596mi | |
| 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 |
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
(808) 439-4446
MLS #
202323692
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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 June 15, 2024.
Hawaii House Last checked 1 minute ago.
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