SOLD 10/31/2022
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1623 Alapai Street, Honolulu, HI 96813
$5,000,000
Multi-Family Home
sold
9,860 sqft
Neighborhood:
Punchbowl Area
Sold 10/31/2022
$5,000,000
3 min walk to Dole Community Park
3 min drive to Ala Moana Beach
7 min drive to Oʻahu Country Club
- min drive to surf
About lifestyles
A GEM at the base of Punchbowl. This 17 unit building is poised for income potential. 7 - 1 bedroom units, 10 - 2 bedroom units. 1 beds are 480 sq ft, 2 bedrooms are either 600 or 720 sq ft depending on stack. CMU construction, concrete walls between units, individual electric meters, assigned parking, resident manager on site, great ocean and city views, very well maintained. At the end of Alapai Street against the hills of Punchbowl provides privacy for the units and cool breezes. Laundry facilities onsite and a communal garden. Units have been upgraded as tenants moved out, all varies. Long time residents have lived in the building. First time changing hands in over 43 years. Please review financial listing packet for more information on rent roll, expenses, pro-forma, survey, floor plans etc. Amazing rental income opportunity with a solid building that has been well maintained.
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Multi-family details
1971 year built
- Year Built 1971
- Original list price $5,000,000
- Days on market 105
- Building type Apartments
- Price per sqft $507/sqft
-
Address
1623 Alapai Street, Honolulu, HI, 96813
- Neighborhood Punchbowl Area
- Land tenure FS - Fee Simple
- Land SqFt 10,050 sqft
- View City, Coastline, Ocean
- Virtual Tour View (external link)
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No upcoming open houses
Monthly payment
Calculate your monthly payments
Mortgage
$25,494
Taxes
$763
HOA dues
$0
Mortgage
Down payment
$1,000,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$25,494 / month
Neighborhood: Punchbowl Area
Nearby & commute
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
—
no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
13.33 / 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
17 total units
# of 1 Bd
7
# of 2 Bd
10
# of 3 Bd
0
Total Units
17
Amenities & Features
18 parking places
Stories
Three, 4-7
Furnished
None
Roof
Other
Construction
Concrete, Hollow Tile, Other
Utilities
Cable, Internet, Overhead Electricity, Public Water, Water
Property Condition
Above Average, Average
Parking
Assigned
nr.of parking places
18
Amenities
Resident Manager
Income
Net Operating Income: $57,360
Total Actual Rent
$11,030
Total Annual Operating Expenses
$78,000
Total Income
$135,360
Net Operating Income
$57,360
Punchbowl Area prices
No information about average prices in this area
-
Schools
15 schools with rating up to 9
| School rating | Distance | |
|---|---|---|
| out of 10 |
Royal Elementary School
1519 Queen Emma St,
Honolulu, HI 96813
Elementary School
|
0.342mi |
|
The Keystone School
1390 Miller Street,
Honolulu, HI 96813
Middle School
|
0.422mi | |
|
The Keystone School
1390 Miller Street,
Honolulu, HI 96813
High School
|
0.422mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Royal Elementary School
1519 Queen Emma St,
Honolulu, HI 96813
|
0.342mi |
|
K12 International Academy
1390 Miller Street ,
Honolulu, HI 96813
|
0.422mi | |
|
St Andrews Priory School
224 Queen Emma Square,
Honolulu, HI 96813
|
0.512mi | |
| out of 10 |
Queen Kaahumanu Elementary School
1141 Kinau St,
Honolulu, HI 96814
|
0.568mi |
| out of 10 |
President Abraham Lincoln Elementary School
615 Auwaiolimu St,
Honolulu, HI 96813
|
0.569mi |
| School rating | Distance | |
|---|---|---|
|
The Keystone School
1390 Miller Street,
Honolulu, HI 96813
|
0.422mi | |
|
K12 International Academy
1390 Miller Street ,
Honolulu, HI 96813
|
0.422mi | |
|
St Andrews Priory School
224 Queen Emma Square,
Honolulu, HI 96813
|
0.512mi | |
| out of 10 |
Robert Louis Stevenson Middle School
1202 Prospect St,
Honolulu, HI 96822
|
0.522mi |
| out of 10 |
Central Middle School
1302 Queen Emma St,
Honolulu, HI 96813
|
0.54mi |
| School rating | Distance | |
|---|---|---|
|
The Keystone School
1390 Miller Street,
Honolulu, HI 96813
|
0.422mi | |
|
K12 International Academy
1390 Miller Street ,
Honolulu, HI 96813
|
0.422mi | |
|
Hawaiian Mission Academy
1438 Pensacola Street,
Honolulu, HI 96822
|
0.43mi | |
|
St Andrews Priory School
224 Queen Emma Square,
Honolulu, HI 96813
|
0.512mi | |
|
Pacific Buddhist Academy
1710 Pali Highway,
Honolulu, HI 96813
|
0.519mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Sold Oct 31, 2022
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Oct 31, 2022 | Sold | $5,000,000 | $507.10 | Public Record |
| Oct 24, 2022 | In Escrow - not showing | $5,000,000 | $507.10 | MLS #202212082 |
| Jul 29, 2022 | Under contract | $5,000,000 | $507.10 | MLS #202212082 |
| Jul 19, 2022 | New Listing | $5,000,000 | $507.10 | MLS #202212082 |
| Jul 18, 2022 | Coming Soon | $5,000,000 | $507.10 | MLS #202212082 |
Tax & MLS details 1623 Alapai Street, Honolulu, HI, 96813
12 - A-2 Medium Density Apartme zoning / MLS #202212082
Current Property Taxes p/month
$763
Property Tax Year
2022
Assessed Improvement value
$857,500
Assessed Land value
$1,757,500
TMK
1-2-2-004-019-0000
Land Recorded
Land Court
Zoning
12 - A-2 Medium Density Apartme
Flood Zone
Zone X
Topography
Level
Location
Dead End
Lot Description
Clear
Property Setbacks
Of Record
Total Assessed value
$2,615,000
Listed by
Compass
(808) 825-4277
(808) 825-4277
MLS #
202212082
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 1623 Alapai Street
When was this multi-family home built and last sold?
This house was build in 1971 and sold in 2022.
What is the full address of this multi-family home?
1623 Alapai Street, Honolulu, HI, 96813.
Are there beaches near 1623 Alapai Street?
The nearest beach is 1.299 miles away, called Ala Moana Beach. It should take about 3 min drive.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 by HiCentral Mls, Ltd. Listing courtesy of Compass. 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 October 31, 2022.
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