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Multi-Family · Withdrawn · 25612 sqft · $10,288,800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 market628
  • 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
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 Nearby
-
Neighborhood - Makiki Area
  • Neighborhood average sales price*$388.74k
  • Neighborhood median sales price*$330k
  • Number or sales*127
Price history
Date Event Price $/sqft Source
2016-09-14 Withdrawn $10,288,800 $401.72 MLS 201520246
2015-11-03 New Listing $10,288,800 $401.72 MLS 201520246
2013-11-16 Withdrawn $5,800,000 $226.46 MLS 201333658
2013-10-07 New Listing $5,800,000 $226.46 MLS 201333658
2013-06-13 Expired $5,800,000 $226.46 MLS 1301788
2013-02-15 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
Stunning views
Ocean views
Open floorplan
Needs Work
Street noise

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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