SOLD 01/26/2018
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1841 Palolo Ave A, Honolulu, HI 96816
$5,220,000 $5,395,000
Multi-Family Home
sold
9,507 sqft
Neighborhood:
Palolo
Sold 01/26/2018
$5,220,000 $5,395,000
3 min walk to Palolo Valley District Park
7 min drive to The Wall
About lifestyles
Beautifully renovated turn-key building with brand new exterior, incl. roof, paint, and asphalt, and more! Hollow tile apartment opportunity in desirable area with few comparable buildings and an established, stable rental pool. Tenants pay H2O, gas & electric. Actual income returns 4%. Market rents are $1650 for ones, $1850 for twos, but not a lot of comps because the area is mostly single family houses. Pro forma analysis uses super conservative rents to produce $336,600/year.
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Multi-family details
1969 year built
- Year Built 1969
- Year Remodeled 2016
- Original list price $5,950,000
- Days on market 226
- Building type Apartments
- Price per sqft $549/sqft
-
Address
1841 Palolo Ave unit A, Honolulu, HI, 96816
- Frontage Other
- Neighborhood Palolo
- Land tenure FS - Fee Simple
- Land SqFt 12,480 sqft
- View City, Mountain, Ocean
Open Houses
No upcoming open houses
Monthly payment
Calculate your monthly payments
Mortgage
$26,616
Taxes
$790
HOA dues
$0
Mortgage
Down payment
$1,044,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$26,616 / month
Neighborhood: Palolo
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
12.67 / 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
18 total units
# of 1 Bd
9
# of 2 Bd
9
# of 3 Bd
0
Total Units
18
Amenities & Features
18 parking places
Stories
Three
Furnished
Partial
Roof
Custom/Specialty
Construction
Concrete, Hollow Tile
Utilities
Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
Property Condition
Excellent
Parking
Assigned
nr.of parking places
18
Amenities
None
Income
Net Operating Income: $210,588
Total Actual Rent
$21,910
Total Annual Operating Expenses
$52,331
Total Income
$262,920
Net Operating Income
$210,588
Palolo prices
Average price $1.01m
Neighborhood average sales price*
$1.01m
Neighborhood median sales price*
$922.5k
Number or sales*
8
*last 6 months
About Palolo
The neighborhood of Palolo is one of last of the more affordable neighborhoods in Honolulu, Oahu. Palolo Valley is an older neighborhood like many of the surrounding neighborhoods. The first homes were built here in the 1920s, but the vast majority of hom Read more
Schools
15 schools with rating up to 10
| School rating | Distance | |
|---|---|---|
| out of 10 |
Palolo Elementary School
2106 10th Ave,
Honolulu, HI 96816
Elementary School
|
0.429mi |
| out of 10 |
William P Jarrett Middle School
1903 Palolo Ave,
Honolulu, HI 96816
Middle School
|
0.13mi |
| out of 10 |
Anuenue School
2528 10th Ave,
Honolulu, HI 96816
High School
|
0.897mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Palolo Elementary School
2106 10th Ave,
Honolulu, HI 96816
|
0.429mi |
| out of 10 |
Aliiolani Elementary School
1240 7th Ave,
Honolulu, HI 96816
|
0.765mi |
| out of 10 |
Anuenue School
2528 10th Ave,
Honolulu, HI 96816
|
0.897mi |
|
St Patrick School
3320 Harding Avenue,
Honolulu, HI 96816
|
0.954mi | |
|
Queen Lydia Liliuokalani Elementary School
3633 Waialae Ave,
Honolulu, HI 96816
|
0.977mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
William P Jarrett Middle School
1903 Palolo Ave,
Honolulu, HI 96816
|
0.13mi |
| out of 10 |
Anuenue School
2528 10th Ave,
Honolulu, HI 96816
|
0.897mi |
|
St Louis School
3142 Waialae Avenue,
Honolulu, HI 96816
|
0.899mi | |
|
St Patrick School
3320 Harding Avenue,
Honolulu, HI 96816
|
0.954mi | |
|
Sacred Hearts Academy
3253 Waialac Avenue,
Honolulu, HI 96816
|
0.995mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Anuenue School
2528 10th Ave,
Honolulu, HI 96816
|
0.897mi |
|
St Louis School
3142 Waialae Avenue,
Honolulu, HI 96816
|
0.899mi | |
|
Sacred Hearts Academy
3253 Waialac Avenue,
Honolulu, HI 96816
|
0.995mi | |
|
St Francis School
2707 Pamoa Road,
Honolulu, HI 96822
|
1.035mi | |
|
Kaimuki Christian School
1117 Koko Head Ave,
Honolulu, HI 96816
|
1.065mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Sold Jan 26, 2018
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Jan 26, 2018 | Sold | $5,220,000 +49.14% from last sold price | $549.07 | Public Record |
| Nov 30, 2017 | Under contract | $5,395,000 | $567.48 | MLS #201713302 |
| Sep 25, 2017 | Price Decrease | $5,395,000 -9.33% | $567.48 | MLS #201713302 |
| Jun 16, 2017 | New Listing | $5,950,000 +8.28% | $625.85 | MLS #201713302 |
| Apr 26, 2017 | Withdrawn | $5,495,000 | $578.00 | MLS #201706656 |
| Apr 4, 2017 | New Listing | $5,495,000 | $578.00 | MLS #201706656 |
| Mar 20, 2017 | Withdrawn | $5,495,000 | $578.00 | MLS #201622199 |
| Sep 10, 2016 | New Listing | $5,495,000 +37.79% | $578.00 | MLS #201622199 |
| Aug 26, 2016 | Withdrawn | $3,988,000 | $419.48 | MLS #201619152 |
| Aug 3, 2016 | New Listing | $3,988,000 +13.94% | $419.48 | MLS #201619152 |
| May 15, 2015 | Sold | $3,500,000 -2.78% from last sold price | $368.15 | Public Record |
| May 13, 2015 | In Escrow - not showing | $3,600,000 | $378.67 | MLS #201500530 |
| Feb 23, 2015 | Under contract | $3,600,000 | $378.67 | MLS #201500530 |
| Feb 2, 2015 | New Listing | $3,600,000 | $378.67 | MLS #201500530 |
| Aug 14, 2014 | Expired | $3,600,000 | $378.67 | MLS #201401973 |
| Feb 14, 2014 | New Listing | $3,600,000 +6.19% | $378.67 | MLS #201401973 |
| Jun 15, 2013 | Expired | $3,390,000 | $356.58 | MLS #1206726 |
| Mar 13, 2013 | Back On Market | $3,390,000 | $356.58 | MLS #1206726 |
| Feb 21, 2013 | Under contract | $3,390,000 | $356.58 | MLS #1206726 |
| Oct 5, 2012 | Price Decrease | $3,390,000 -7.12% | $356.58 | MLS #1206726 |
| Jun 15, 2012 | New Listing | $3,650,000 +4.43% | $383.93 | MLS #1206726 |
| Apr 24, 2010 | Expired | $3,495,000 | $367.62 | MLS #2906020 |
| May 1, 2009 | New Listing | $3,495,000 | $367.62 | MLS #2906020 |
| Jan 29, 2009 | Expired | $3,495,000 | $367.62 | MLS #2801830 |
| May 11, 2008 | Price Decrease | $3,495,000 -2.92% | $367.62 | MLS #2801830 |
| Jan 29, 2008 | New Listing | $3,600,000 +28.57% | $378.67 | MLS #2801830 |
| Sep 6, 2007 | Sold | $2,800,000 | $294.52 | Public Record |
| Sep 6, 2007 | New Listing | $2,800,000 -3.45% | $294.52 | MLS #2716404 |
| Aug 18, 2007 | Expired | $2,900,000 | $305.04 | MLS #2615502 |
| Jun 25, 2007 | Under contract | $2,900,000 | $305.04 | MLS #2615502 |
| Aug 17, 2006 | New Listing | $2,900,000 -1.69% | $305.04 | MLS #2615502 |
| Aug 1, 2006 | Withdrawn | $2,950,000 | $310.30 | MLS #2520687 |
| Feb 4, 2006 | Price Decrease | $2,950,000 -7.81% | $310.30 | MLS #2520687 |
| Nov 30, 2005 | New Listing | $3,200,000 | $336.59 | MLS #2520687 |
Tax & MLS details 1841 Palolo Ave unit A, Honolulu, HI, 96816
05 - R-5 Residential District zoning / MLS #201713302
Current Property Taxes p/month
$790
Property Tax Year
2016
Assessed Improvement value
$960,500
Assessed Land value
$1,747,200
TMK
1-3-3-039-007-0000
Land Recorded
Regular System
Zoning
05 - R-5 Residential District
Flood Zone
Zone X
Topography
Level
Location
Inside
Lot Description
Flag Lot
Property Setbacks
None
Total Assessed value
$2,707,700
Listed by
Commercial Inv. Strategies
MLS #
201713302
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 1841 Palolo Ave unit A
When was this multi-family home built and last sold?
This house was build in 1969 and sold in 2018.
What is the full address of this multi-family home?
1841 Palolo Ave unit A, Honolulu, HI, 96816.
Are there beaches near 1841 Palolo Ave unit A?
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 Commercial Inv. Strategies. 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 January 26, 2018.
Hawaii House Last checked less than a minute ago.
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