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1576 Pensacola Street, Honolulu, HI, 96822
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1576 Pensacola Street, Honolulu, HI 96822

$2,500,000 Multi-Family Home sold 3,312 sqft Neighborhood:  Makiki Area Sold 03/31/2022 $2,500,000
6 min walk to Stevenson Recreation Center
4 min drive to Point Panic
4 min drive to Concessions
About lifestyles
This 10,858 sq ft of prime (A-2) Apartment zoned land in Makiki has a solid 2 story apartment building with a 3 bed / 2 bath upstairs as well as a 3/2 downstairs, 1,320 sq ft of living space each, granite countertops in the kitchens and bathrooms, and painted concrete floors. The vintage corner 2/1 cottage (672 sq ft with address of 1580 Pensacola St) nestled under the iconic Makiki banyan tree makes for shady natural living. Each of the 3 units are separately metered for electricity, and each has their own laundry. This great location on the corner of Pensacola St and Wilder Ave is convenient to bus lines, Biki bikes, and just minutes to the freeway. You'll see that the back of the property on the Wilder Avenue side is bare and ready to be developed. Ask your architect about the massive development potential of a 10,858 sq ft parcel within a medium density A-2 Apartment Zone especially given the provisions of the City's Bill 7, the State's 201H Housing Program, or to simply build an apartment building and maximize the standard entitlements. The units are tenant occupied. Please do not walk on the property nor disturb the tenants.
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Multi-family details

1960 year built
  • Year Built 1960
  • Year Remodeled 2007
  • Original list price $2,500,000
  • Days on market 172
  • Building type Apartments,Duplex,Multi Dwellings
  • Price per sqft $755/sqft
  • Address

    1576 Pensacola Street, Honolulu, HI, 96822

  • Frontage Other
  • Neighborhood Makiki Area
  • Land tenure FS - Fee Simple
  • Land SqFt 10,858 sqft
  • View Cemetery, City, Garden, Mountain

Open Houses

No upcoming open houses

Monthly payment

Calculate your monthly payments
Mortgage
$12,747
Taxes
$718
HOA dues
$0
$13,465 per month
Mortgage
Down payment
$500,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount $12,747 / 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
15-18
10-15
1-10
Walkability according to the National Walkability Index

Unit Information

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

Amenities & Features

9 parking places
Stories
One, Two
Furnished
None
Roof
Asphalt Shingle, Composition
Construction
Brick, Hollow Tile, Single Wall
Utilities
Cable, Internet, Overhead Electricity, Sewer Fee, Telephone, Water
Property Condition
Above Average, Average
Parking
Assigned
nr.of parking places
9
Amenities
A/C, Storage

Income

Net Operating Income: $53,250
Total Actual Rent
$6,000
Total Annual Operating Expenses
$18,750
Total Income
$72,000
Net Operating Income
$53,250

Makiki Area prices

Average price $1.28m
Neighborhood average sales price*
$1.28m
Neighborhood median sales price*
$1.06m
Number or sales*
8
Street median sales price*
$1.15m
*last 6 months

Schools

15 schools with rating up to 9
School rating Distance
NR
Montessori Community School
1239 Nehoa Street, Honolulu, HI 96822
Elementary School
0.357mi
5
out of 10
Robert Louis Stevenson Middle School
1202 Prospect St, Honolulu, HI 96822
Middle School
0.236mi
NR
Hawaiian Mission Academy
1438 Pensacola Street, Honolulu, HI 96822
High School
0.177mi
School rating Distance
NR
Montessori Community School
1239 Nehoa Street, Honolulu, HI 96822
0.357mi
4
out of 10
Queen Kaahumanu Elementary School
1141 Kinau St, Honolulu, HI 96814
0.357mi
9
out of 10
President Abraham Lincoln Elementary School
615 Auwaiolimu St, Honolulu, HI 96813
0.393mi
NR
Playmate Kindergarten, Day Care
1704 Keeaumoku Street, Honolulu, HI 96822
0.439mi
NR
Hawaiian Mission Academy K-8
1415 Makiki Street, Honolulu, HI 96814
0.493mi
School rating Distance
5
out of 10
Robert Louis Stevenson Middle School
1202 Prospect St, Honolulu, HI 96822
0.236mi
NR
Hawaiian Mission Academy K-8
1415 Makiki Street, Honolulu, HI 96814
0.493mi
NR
Maryknoll School
1402 Punahou Street, Honolulu, HI 96822
0.657mi
NR
Punahou School
1601 Punahou Street, Honolulu, HI 96822
0.674mi
NR
Maryknoll Grade School
1722 Dole Street, Honolulu, HI 96822
0.776mi
School rating Distance
NR
Hawaiian Mission Academy
1438 Pensacola Street, Honolulu, HI 96822
0.177mi
5
out of 10
President Theodore Roosevelt High School
1120 Nehoa St, Honolulu, HI 96822
0.36mi
NR
Maryknoll School
1402 Punahou Street, Honolulu, HI 96822
0.657mi
NR
Punahou School
1601 Punahou Street, Honolulu, HI 96822
0.674mi
3
out of 10
President William Mckinley High School
1039 South King St, Honolulu, HI 96814
0.686mi
School ratings provided by Greatschools.org © 2023. All rights reserved.

Price history

Rented May 12, 2022
Date Event Price $/sqft Source
May 12, 2022 Rented $2,200 $0.66 MLS #202206698
May 2, 2022 Price Decrease $2,200 -8.33% $0.66 MLS #202206698
Apr 14, 2022 New Listing rental $2,400 +14.29% $0.72 MLS #202206698
Sep 1, 2008 Expired $2,100 $0.63 MLS #2716935
Jan 2, 2008 Temporarily Withdrawn $2,100 $0.63 MLS #2716935
Oct 12, 2007 Price Decrease $2,100 -8.7% $0.63 MLS #2716935
Sep 14, 2007 New Listing rental $2,300 $0.69 MLS #2716935
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Tax & MLS details 1576 Pensacola Street, Honolulu, HI, 96822

12 - A-2 Medium Density Apartme zoning / MLS #202125316
Current Property Taxes p/month
$718
Property Tax Year
2020
Assessed Improvement value
$319,400
Assessed Land value
$2,160,500
TMK
1-2-4-018-001-0000
Land Recorded
Regular System
Zoning
12 - A-2 Medium Density Apartme
Flood Zone
Zone X
Topography
Gentle Slope
Location
Corner
Lot Description
Clear
Property Setbacks
Of Record
Total Assessed value
$2,479,900
Listed by
eXp Realty
MLS #
202125316
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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Recently sold nearby 1576 Pensacola Street in Makiki Area

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Frequently asked questions for 1576 Pensacola Street

When was this multi-family home built and last sold?

This house was build in 1960 and sold in 2022.

What is the full address of this multi-family home?

1576 Pensacola Street, Honolulu, HI, 96822.

Are there beaches near 1576 Pensacola Street?

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 eXp Realty. 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 March 30, 2022.
Hawaii House Last checked less than a minute ago.

Multi-Family Home sold $2,500,000 1576 Pensacola Street, Honolulu, HI, 96822 3,312 sqft Save House Remove from Saved