Hawaii House
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1559 Thurston Ave, Honolulu, HI 96822

Multi-Family · Withdrawn · 25612 sqft · $10,288,800

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!
Details
  • Original list price$10,288,800
  • Days on market904
  • Building typeApartments
  • Price per sqft$402/sqft
  • Address

    1559 Thurston Ave, Honolulu, HI, 96822

  • Year Built1972
  • NeighborhoodMakiki Area
  • Land tenureFS - Fee Simple
  • Land SqFt13132 sqft
  • ViewCity, Diamond Head, Mountain, Ocean, Sunrise, Sunset
  • Listing provided courtesy ofChrystal H Ahn, ILC & Swell Realty LLC
Unit Information
  • # of 1 Bd17
  • # of 2 Bd1
  • # of 3 Bd0
  • Total Units28
Amenities & Features
  • Stories4-7
  • FurnishedPartial
  • RoofOther
  • ConstructionConcrete, Hollow Tile, Masonry/Stucco
  • UtilitiesGas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
  • Property ConditionExcellent
  • ParkingAssigned, Covered, Open
  • nr.of parking places36
  • AmenitiesStorage, Trash Chute
Income
  • Total Actual Rent
  • Total Annual Operating Expenses
  • Total Income
  • Net Operating Income
Schools
School ratingDistance
6
out of 10
Queen Kaahumanu Elementary School
1141 Kinau St, Honolulu, HI 96814
Elementary School
0.319mi
7
out of 10
Robert Louis Stevenson Middle School
1202 Prospect St, Honolulu, HI 96822
Middle School
0.292mi
NR
Hawaiian Mission Academy
1438 Pensacola Street, Honolulu, HI 96822
High School
0.119mi
School ratingDistance
6
out of 10
Queen Kaahumanu Elementary School
1141 Kinau St, Honolulu, HI 96814
0.319mi
6
out of 10
President Abraham Lincoln Elementary School
615 Auwaiolimu St, Honolulu, HI 96813
0.433mi
NR
Montessori Community School
1239 Nehoa Street, Honolulu, HI 96822
0.459mi
NR
Playmate Kindergarten, Day Care
1704 Keeaumoku Street, Honolulu, HI 96822
0.539mi
NR
Hawaiian Mission Academy K-8
1415 Makiki Street, Honolulu, HI 96814
0.553mi
School ratingDistance
7
out of 10
Robert Louis Stevenson Middle School
1202 Prospect St, Honolulu, HI 96822
0.292mi
NR
Hawaiian Mission Academy K-8
1415 Makiki Street, Honolulu, HI 96814
0.553mi
NR
Maryknoll School
1402 Punahou Street, Honolulu, HI 96822
0.734mi
NR
Punahou School
1601 Punahou Street, Honolulu, HI 96822
0.763mi
NR
K12 International Academy
1390 Miller Street , Honolulu, HI 96813
0.784mi
School ratingDistance
NR
Hawaiian Mission Academy
1438 Pensacola Street, Honolulu, HI 96822
0.119mi
7
out of 10
President Theodore Roosevelt High School
1120 Nehoa St, Honolulu, HI 96822
0.451mi
7
out of 10
President William Mckinley High School
1039 South King St, Honolulu, HI 96814
0.613mi
NR
Maryknoll School
1402 Punahou Street, Honolulu, HI 96822
0.734mi
NR
Punahou School
1601 Punahou Street, Honolulu, HI 96822
0.763mi
Data provided by Greatschools.org
Neighborhood - Makiki Area
  • Neighborhood average sales price*$384.34k
  • Neighborhood median sales price*$322.5k
  • Number or sales*114
Price history
Date Event Price $/sqft Source
Sep 14, 2016 Withdrawn $10,288,800 $401.72 MLS 201520246
Nov 3, 2015 New Listing $10,288,800 $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
Taxes
  • Current Property Taxes p/month$1,541
  • Property Tax Year2015
  • Assessed Improvement value$3,559,800
  • Assessed Land value$1,720,400
  • MLS #201520246
  • TMK1-2-4-018-021-0000
  • Land RecordedDual Systems
  • Zoning12 - A-2 M
  • TopographyGentle Slope
  • Lot DescriptionIrregular
  • Property SetbacksOf Record
  • Total Assessed value$5,280,200
Agent viewpoints   of 1559 Thurston Ave, Honolulu, HI, 96822
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Ocean views
Open floorplan
Needs Work
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Hawaii House
Multi-Family Withdrawn $10,288,800 1559 Thurston Ave, Honolulu, HI, 96822 25612 sqft Remove from Saved Save House