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1662 Lewalani Drive, Honolulu, HI, 96822
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1662 Lewalani Drive, Honolulu, HI 96822

$4,150,000 $4,390,000 Multi-Family Home sold 7,524 sqft Neighborhood:  Makiki Sold 11/20/2023 $4,150,000 $4,390,000
7 min walk to Stevenson Recreation Center
5 min drive to Ala Moana Beach
5 min drive to Point Panic
4 min drive to Concessions
About lifestyles
100% leased 12-unit apartment building in a well-located part of Makiki. Excellent stabilized cash flow opportunity which is turnkey for an investor. The property underwent a major renovation in 2020 including new quartz countertops, cabinets, vanities, lights, ceiling fans, LVT flooring, interior paint, tiled showers*, stainless steel microwaves and gas ranges/ovens, washer dryers, and low flow water fixtures. In addition, the driveway and parking lot was repaved with new asphalt and concrete in some areas, as well as updated landscaping to the property. Roof re-coated and resealed in 2022! INVESTMENT HIGHLIGHTS - Renovated units with luxury finishes - Excellent unit mix - CMU construction - Large Units - Electricity & Gas are separately metered - All units have their own washer/dryer - 10 on-site parking spaces - In-place 4.9% CAP rate
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Multi-family details

1966 year built
  • Year Built 1966
  • Year Remodeled 2002
  • Original list price $4,595,000
  • Days on market 188
  • Building type Apartments
  • Price per sqft $552/sqft
  • Address

    1662 Lewalani Drive, Honolulu, HI, 96822

  • Neighborhood Makiki
  • Land tenure FS - Fee Simple
  • Land SqFt 8,736 sqft
  • View None

Open Houses

No upcoming open houses

Monthly payment

Calculate your monthly payments
Mortgage
$21,160
Taxes
$744
HOA dues
$0
$21,904 per month
Mortgage
Down payment
$830,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount $21,160 / month

Neighborhood: Makiki

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
14.17 / 20
Somewhat walkable
18-20
15-18
10-15
1-10
Walkability according to the National Walkability Index

Unit Information

12 total units
# of 1 Bd
6
# of 2 Bd
6
# of 3 Bd
0
Total Units
12

Amenities & Features

10 parking places
Stories
Three
Roof
Composition
Construction
Hollow Tile
Utilities
Cable, Gas, Internet, Overhead Electricity, Water
Property Condition
Above Average
Parking
Assigned
nr.of parking places
10
Amenities
Secured Lobby

Income

Net Operating Income: $214,912
Total Actual Rent
$23,670
Total Annual Operating Expenses
$70,628
Total Income
$285,540
Net Operating Income
$214,912

Makiki prices

Average price $549.25k
Neighborhood average sales price*
$549.25k
Neighborhood median sales price*
$450k
Number or sales*
507
Street median sales price*
$482k
Median sale price The Watermark*
$1.36m
*last 6 months

Schools

15 schools with rating up to 8
School rating Distance
NR
Montessori Community School
1239 Nehoa Street, Honolulu, HI 96822
Elementary School
0.198mi
6
out of 10
Robert Louis Stevenson Middle School
1202 Prospect St, Honolulu, HI 96822
Middle School
0.207mi
7
out of 10
President Theodore Roosevelt High School
1120 Nehoa St, Honolulu, HI 96822
High School
0.223mi
School rating Distance
NR
Montessori Community School
1239 Nehoa Street, Honolulu, HI 96822
0.198mi
NR
Playmate Kindergarten, Day Care
1704 Keeaumoku Street, Honolulu, HI 96822
0.303mi
8
out of 10
President Abraham Lincoln Elementary School
615 Auwaiolimu St, Honolulu, HI 96813
0.358mi
NR
Hawaiian Mission Academy K-8
1415 Makiki Street, Honolulu, HI 96814
0.457mi
3
out of 10
Queen Kaahumanu Elementary School
1141 Kinau St, Honolulu, HI 96814
0.473mi
School rating Distance
6
out of 10
Robert Louis Stevenson Middle School
1202 Prospect St, Honolulu, HI 96822
0.207mi
NR
Hawaiian Mission Academy K-8
1415 Makiki Street, Honolulu, HI 96814
0.457mi
NR
Punahou School
1601 Punahou Street, Honolulu, HI 96822
0.563mi
NR
Maryknoll School
1402 Punahou Street, Honolulu, HI 96822
0.575mi
NR
Maryknoll Grade School
1722 Dole Street, Honolulu, HI 96822
0.683mi
School rating Distance
7
out of 10
President Theodore Roosevelt High School
1120 Nehoa St, Honolulu, HI 96822
0.223mi
NR
Hawaiian Mission Academy
1438 Pensacola Street, Honolulu, HI 96822
0.324mi
NR
Punahou School
1601 Punahou Street, Honolulu, HI 96822
0.563mi
NR
Maryknoll School
1402 Punahou Street, Honolulu, HI 96822
0.575mi
NR
Maryknoll Grade School
1722 Dole Street, Honolulu, HI 96822
0.683mi
School ratings provided by Greatschools.org © 2023. All rights reserved.

Price history

Sold Nov 20, 2023
Date Event Price $/sqft Source
Nov 20, 2023 Sold $4,150,000 +15.8% from last sold price $551.57 Public Record
Jul 31, 2023 Active Under Contract $4,390,000 $583.47 MLS #202311027
May 31, 2023 Price Decrease $4,390,000 -4.46% $583.47 MLS #202311027
May 17, 2023 New Listing $4,595,000 $610.71 MLS #202311027
May 1, 2023 Cancelled $4,595,000 $610.71 MLS #202225835
Apr 17, 2023 Price Decrease $4,595,000 -3.87% $610.71 MLS #202225835
Feb 14, 2023 Price Decrease $4,780,000 -4.02% $635.30 MLS #202225835
Jan 11, 2023 Price Decrease $4,980,000 -2.35% $661.88 MLS #202225835
Dec 16, 2022 New Listing $5,100,000 +8.63% $677.83 MLS #202225835
Jan 18, 2021 Cancelled $4,695,000 $624.00 MLS #202027994
Nov 17, 2020 Price Decrease $4,695,000 -2.8% $624.00 MLS #202027994
Nov 2, 2020 Price Decrease $4,830,000 -2.82% $641.95 MLS #202027994
Oct 27, 2020 New Listing $4,970,000 +38.68% $660.55 MLS #202027994
Nov 13, 2019 Sold $3,583,770 -10.29% from last sold price $476.31 Public Record
Sep 2, 2019 Active Under Contract $3,995,000 $530.97 MLS #201903733
Sep 2, 2019 In Escrow - not showing $3,995,000 $530.97 MLS #201903733
Feb 6, 2019 New Listing $3,995,000 $530.97 MLS #201903733
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Tax & MLS details 1662 Lewalani Drive, Honolulu, HI, 96822

12 - A-2 Medium Density Apartme zoning / MLS #202311027
Current Property Taxes p/month
$744
Property Tax Year
2023
Assessed Improvement value
$849,400
Assessed Land value
$1,790,600
TMK
1-2-4-030-033-0000
Land Recorded
Land Court
Zoning
12 - A-2 Medium Density Apartme
Flood Zone
Zone X
Topography
Gentle Slope,Level
Location
Inside
Lot Description
Clear,Other
Property Setbacks
C&C
Total Assessed value
$2,640,000
Listed by
Standard Management LLC
(808) 208-8107
MLS #
202311027
Hawaii House tour report for this multi-family home
No reviews yet
Stunning views
Ocean views
Open floorplan
Needs Work
Street noise
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We do not have a Hawaii House tour report for this listing yet.
As soon as we do, we post it here.

Similar homes nearby 1662 Lewalani Drive in Makiki

Recently sold nearby 1662 Lewalani Drive in Makiki

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Frequently asked questions for 1662 Lewalani Drive

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

This house was build in 1966 and sold in 2023.

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

1662 Lewalani Drive, Honolulu, HI, 96822.

Are there beaches near 1662 Lewalani Drive?

The nearest beach is 1.414 miles away, called Ala Moana Beach. It should take about 5 min drive.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 by HiCentral Mls, Ltd. Listing courtesy of Standard Management 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 June 14, 2024.
Hawaii House Last checked 1 minute ago.

Multi-Family Home sold $4,150,000 $4,390,000 1662 Lewalani Drive, Honolulu, HI, 96822 7,524 sqft Save House Remove from Saved