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1504 Halekoa Drive, Honolulu, HI 96821

Multi-Family Home for sale 3,041 sqft Neighborhood:  Waialae Nui Rdge $1,590,000
Searching for huge income potential with amazing views? This flexible and charming design is what you're looking for in a single-family or multi-generational home that has a current cap rate of a whopping 5.7% cap rate! With $9,100 in monthly income and only $1,425 in monthly expenses, netting $92,106/ year! You can’t find a better deal in town. Benefit from the low monthly electrical costs, with the 24 owned photo-voltaic (PV) panels. Separate entrances on each floor allow you the option to choose the best floor on which to live while you rent the other floors! The spacious covered lanais on each level create a unique indoor/outdoor lifestyle. The 4th level Bali-inspired cottage allows you to relax and unwind in a tropical retreat with iconic Diamond Head, ocean, and sunset views.
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Multi-family details

1959 year built
Year Built
1959
Year Remodeled
2004
Original list price
$1,590,000
Days on market
14
Building type
Other
Price per sqft
$523/sqft
Address

1504 Halekoa Drive, Honolulu, HI, 96821

Neighborhood
Land tenure
FS - Fee Simple
Land SqFt
5,750 sqft
View
City, Diamond Head, Ocean
Listed by
Keller Williams Honolulu
MLS #
202018313

Open Houses

Sun Aug 16 2:45pm – 3:05pm
Save to Open House Schedule

Monthly payment

Calculate your monthly payments
Mortgage
$5,336
Taxes
$326
HOA dues
$0
$5,662 per month
Mortgage
Down payment
$318,000 / 20%
Interest rate
2.96%
Loan type
30 years
Your amount $5,336 / month

Unit Information

4 total units
# of 1 Bd
2
# of 2 Bd
2
# of 3 Bd
0
Total Units
4

Amenities & Features

2 parking places
Stories
4-7
Roof
Asphalt Shingle
Construction
Above Ground, Wood Frame
Utilities
Cable, Gas, Internet, Overhead Electricity, Sewer Fee, Water
Property Condition
Above Average
Parking
Covered, Open
nr.of parking places
2
Amenities
None

Income

Net Operating Income: $92,106
Total Actual Rent
$9,100
Total Annual Operating Expenses
$17,094
Total Income
$109,200
Net Operating Income
$92,106

Neighborhood: Waialae Nui Rdge

Average price $1.35m
Neighborhood average sales price*
$1.35m
Neighborhood median sales price*
$1.3m
Number or sales*
7
Street median sales price*
$1.15m
*last 6 months

About Waialae Nui Rdge

Waialae Nui Ridge The neighborhood of Waialae Nui Ridge is a narrow neighborhood on a ridge above Kahala. The narrow road of Halekoa Drive winds its way back and further up the ridge. Many homes have wonderful views over the city, the back side of Diamond Read more

Schools

15 schools with rating up to 9
School rating Distance
9
out of 10
Kahala Elementary School
4559 Kilauea Ave, Honolulu, HI 96816
Elementary School
0.628mi
7
out of 10
SEEQS: the School for Examining Essential Questions of Sustainability
845 22nd Ave., Honolulu, HI 96816
Middle School
1.029mi
9
out of 10
Kalani High School
4680 Kalanianaole Hwy, Honolulu, HI 96821
High School
0.506mi
School rating Distance
9
out of 10
Kahala Elementary School
4559 Kilauea Ave, Honolulu, HI 96816
0.628mi
8
out of 10
Mayor John H Wilson Elementary School
4945 Kilauea Ave, Honolulu, HI 96816
0.237mi
6
out of 10
Waialae Elementary - Public Charter School
1045 19th Ave, Honolulu, HI 96816
0.848mi
NR
Star Of The Sea School
4469 Malia Street, Honolulu, HI 96821
0.147mi
NR
Kula Kokua Intensive Learning Center
845 22nd Ave, Honolulu, HI 96816
1.004mi
School rating Distance
7
out of 10
SEEQS: the School for Examining Essential Questions of Sustainability
845 22nd Ave., Honolulu, HI 96816
1.029mi
NR
Star Of The Sea School
4469 Malia Street, Honolulu, HI 96821
0.147mi
NR
Kula Kokua Intensive Learning Center
845 22nd Ave, Honolulu, HI 96816
1.004mi
NR
Sacred Hearts Academy
3253 Waialac Avenue, Honolulu, HI 96816
1.056mi
NR
Kaimuki Christian School
1117 Koko Head Ave, Honolulu, HI 96816
1.125mi
School rating Distance
9
out of 10
Kalani High School
4680 Kalanianaole Hwy, Honolulu, HI 96821
0.506mi
3
out of 10
Anuenue School
2528 10th Ave, Honolulu, HI 96816
1.683mi
NR
Sacred Hearts Academy
3253 Waialac Avenue, Honolulu, HI 96816
1.056mi
NR
Kaimuki Christian School
1117 Koko Head Ave, Honolulu, HI 96816
1.125mi
NR
Variety School Of Hawaii
710 Palekaua Street, Honolulu, HI 96816
1.577mi
Data provided by Greatschools.org

Price history

New Listing Jul 31, 2020
Date Event Price $/sqft Source
Jul 31, 2020 New Listing $1,590,000 $522.85 MLS #202018138
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Activity

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32
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favorited

Tax details 1504 Halekoa Drive, Honolulu, HI, 96821

05 - R-5 R zoning / MLS #202018313
Current Property Taxes p/month
$326
Property Tax Year
2020
Assessed Improvement value
$240,100
Assessed Land value
$879,100
TMK
1-3-5-039-043-0000
Land Recorded
Regular System
Zoning
05 - R-5 R
Topography
Down Slope
Lot Description
Clear
Property Setbacks
Of Record
Total Assessed value
$1,119,200

Hawaii House tour report 1504 Halekoa Drive, Honolulu, HI, 96821

No reviews yet
Stunning views
Ocean views
Open floorplan
Needs Work
Street noise
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Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.Listings last updated on 08-14-2020. Copyright 2020 by HiCentral Mls, Ltd. Listing courtesy of Keller Williams Honolulu. 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.

Multi-Family Home for sale $1,590,000 1504 Halekoa Drive, Honolulu, HI, 96821 3,041 sqft Save House Remove from Saved