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1559 Thurston Ave, Honolulu, HI 96822
- min drive to surf
About lifestyles
A fantastic TURN-KEY property for savvy investors! Upscale concrete 6 story, 28-unit apartment building w/36 parking stalls. Immaculate secured building in excellent condition w/ steady high rental income of over $48,000/mo generating 4% capitalization rate! No Flood Zone! Prime upper Makiki, close to Waikiki, Downtown, UH & everywhere which the convenient City life offers. The entire building underwent 2 year-long, comprehensive reconstruction from 2014 thru 2015. The entire upper parking deck and all lanais received extensive concrete repair, and an industrial nonskid waterproofing membrane was installed to protect the concrete for many years. Bldg walls have recently been protected with special water proofing installation. All concrete work was performed by reputable Seal Masters of Hawaii. All units have been renovated/repaired with high quality materials & workmanship. New plumbing, electrical, driveway, landscaping, quality appliances, & 50 plus security cameras. 100% occupied!
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Multi-family details
1972 year built
- Year Built 1972
- Year Remodeled 2014
- Original list price $10,288,800
- Days on market 3002
- Building type Apartments
- Price per sqft $402/sqft
-
Address
1559 Thurston Ave, Honolulu, HI, 96822
- Neighborhood Makiki Area
- Land tenure FS - Fee Simple
- Land SqFt 13,132 sqft
- View City, Diamond Head, Mountain, Ocean, Sunrise, Sunset
Open Houses
No upcoming open houses
Monthly payment
Calculate your monthly payments
Mortgage
$52,460
Taxes
$1,541
HOA dues
$0
Mortgage
Down payment
$2,057,760 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$52,460 / month
Neighborhood: Makiki 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
28 total units
# of 1 Bd
17
# of 2 Bd
1
# of 3 Bd
0
Total Units
28
Amenities & Features
36 parking places
Stories
4-7
Furnished
Partial
Roof
Other
Construction
Concrete, Hollow Tile, Masonry/Stucco
Utilities
Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
Property Condition
Excellent
Parking
Assigned, Covered, Open
nr.of parking places
36
Amenities
Storage, Trash Chute
Income
—
Total Actual Rent
Total Annual Operating Expenses
Total Income
Net Operating Income
Makiki Area prices
Average price $797.52k
Neighborhood average sales price*
$797.52k
Neighborhood median sales price*
$737.5k
Number or sales*
21
Street median sales price*
$779k
Median sale price Kihei Bay Vista*
$680k
*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
|
0.319mi |
| out of 10 |
Robert Louis Stevenson Middle School
1202 Prospect St,
Honolulu, HI 96822
Middle School
|
0.292mi |
|
Hawaiian Mission Academy
1438 Pensacola Street,
Honolulu, HI 96822
High School
|
0.119mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Queen Kaahumanu Elementary School
1141 Kinau St,
Honolulu, HI 96814
|
0.319mi |
| out of 10 |
President Abraham Lincoln Elementary School
615 Auwaiolimu St,
Honolulu, HI 96813
|
0.433mi |
|
Montessori Community School
1239 Nehoa Street,
Honolulu, HI 96822
|
0.459mi | |
|
Playmate Kindergarten, Day Care
1704 Keeaumoku Street,
Honolulu, HI 96822
|
0.539mi | |
|
Hawaiian Mission Academy K-8
1415 Makiki Street,
Honolulu, HI 96814
|
0.553mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Robert Louis Stevenson Middle School
1202 Prospect St,
Honolulu, HI 96822
|
0.292mi |
|
Hawaiian Mission Academy K-8
1415 Makiki Street,
Honolulu, HI 96814
|
0.553mi | |
|
Maryknoll School
1402 Punahou Street,
Honolulu, HI 96822
|
0.734mi | |
|
Punahou School
1601 Punahou Street,
Honolulu, HI 96822
|
0.763mi | |
|
K12 International Academy
1390 Miller Street ,
Honolulu, HI 96813
|
0.784mi |
| School rating | Distance | |
|---|---|---|
|
Hawaiian Mission Academy
1438 Pensacola Street,
Honolulu, HI 96822
|
0.119mi | |
| out of 10 |
President Theodore Roosevelt High School
1120 Nehoa St,
Honolulu, HI 96822
|
0.451mi |
| out of 10 |
President William Mckinley High School
1039 South King St,
Honolulu, HI 96814
|
0.613mi |
|
Maryknoll School
1402 Punahou Street,
Honolulu, HI 96822
|
0.734mi | |
|
Punahou School
1601 Punahou Street,
Honolulu, HI 96822
|
0.763mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Withdrawn Sep 14, 2016
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Sep 14, 2016 | Withdrawn | $10,288,800 | $401.72 | MLS #201520246 |
| Nov 3, 2015 | New Listing | $10,288,800 +77.39% | $401.72 | MLS #201520246 |
| Nov 16, 2013 | Withdrawn | $5,800,000 | $226.46 | MLS #201333658 |
| Oct 7, 2013 | New Listing | $5,800,000 | $226.46 | MLS #201333658 |
| Jun 13, 2013 | Expired | $5,800,000 | $226.46 | MLS #1301788 |
| Feb 15, 2013 | New Listing | $5,800,000 | $226.46 | MLS #1301788 |
Tax & MLS details 1559 Thurston Ave, Honolulu, HI, 96822
12 - A-2 Medium Density Apartme zoning / MLS #201520246
Current Property Taxes p/month
$1,541
Property Tax Year
2015
Assessed Improvement value
$3,559,800
Assessed Land value
$1,720,400
TMK
1-2-4-018-021-0000
Land Recorded
Dual Systems
Zoning
12 - A-2 Medium Density Apartme
Flood Zone
Zone X
Topography
Gentle Slope
Lot Description
Irregular
Property Setbacks
Of Record
Total Assessed value
$5,280,200
Listed by
ILC & Swell Realty LLC
MLS #
201520246
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 1559 Thurston Ave
When was this multi-family home built and last sold?
This house was build in 1972.
What is the full address of this multi-family home?
1559 Thurston Ave, Honolulu, HI, 96822.
Are there beaches near 1559 Thurston Ave?
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 ILC & Swell Realty 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 September 14, 2016.
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