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2016 Kapiolani Blvd, Honolulu, HI 96826

$4,875,000 $5,500,000 Multi-Family Home sold 7,656 sqft Neighborhood:  Moiliili Sold 09/23/2022 $4,875,000 $5,500,000
Location, location, location: blocks from Ala Moana, UH Manoa, and Waikiki, Don’t miss this once in a lifetime opportunity to own a super desirable, centrally located, two- building property with 22 units. Unit mix: 10 studios and 12 one-bedrooms with a shared driveway to be sold as a package with 2 identical buildings with TWO TMKs on Kapiolani Blvd: 1-2-7-003-006 & 1-2-7-003-061 each consisting of 5,000sf lots with interiors of 3,828sf each. Separately metered electricity, and gas and two water meters. Value-add opportunity with excellent potential upside as rents are below market with some vacant units. Financials show noted here are pro forma ONLY. To be sold as is, where is.
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Multi-family details

1958 year built
Year Built
1958
Original list price
$5,500,000
Days on market
103
Building type
Apartments,Multi Dwellings
Price per sqft
$637/sqft
Address

2016 Kapiolani Blvd, Honolulu, HI, 96826

Frontage
Other
Neighborhood
Moiliili
Land tenure
FS - Fee Simple
Land SqFt
10,000 sqft
View
None
Listed by
Commercial Inv. Strategies
MLS #
202211079
Virtual Tour
View (external link)

Open Houses

No upcoming open houses

Monthly payment

Calculate your monthly payments
Mortgage
$24,115
Taxes
$9,238
HOA dues
$0
$33,353 per month
Mortgage
Down payment
$975,000 / 20%
Interest rate
6.29%
Loan type
30 years
Your amount $24,115 / month

Commute & accessibility

Coffee shops
9 mins walk
0.5 mi
Bus stop
less than a minute walk
0.01 mi
Supermarket
5 mins walk
0.27 mi
Hospital
5 mins by bike
1.07 mi
Park
1 min walk
0.06 mi
Beach
6 mins by bike
0.97 mi
Elementary school
5 mins walk
0.29 mi
Middle school
4 mins by bike
0.79 mi
High school
4 mins by bike
0.81 mi
Local airport
14 mins by car
8.72 mi
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Walkability

Walkability according to the National Walkability Index

Walkability according to the National Walkability Index

13.33 / 20
Above Average
15-20
10-15
5-10
1-5

Unit Information

22 total units
# of 1 Bd
12
# of 2 Bd
0
# of 3 Bd
0
Total Units
22

Amenities & Features

6 parking places
Stories
Two
Furnished
Partial
Roof
Custom/Specialty
Construction
Brick, Masonry/Stucco
Utilities
Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
Property Condition
Needs Major Repair
Parking
Open
nr.of parking places
6
Amenities
None

Income

Net Operating Income: $283,206
Total Actual Rent
$30,725
Total Annual Operating Expenses
$92,694
Total Income
$375,900
Net Operating Income
$283,206

Neighborhood: Moiliili

Average price $786.94k
Neighborhood average sales price*
$786.94k
Neighborhood median sales price*
$402.5k
Number or sales*
80
Street median sales price*
$540k
*last 6 months

Price history

Sold Sep 23, 2022
Date Event Price $/sqft Source
Sep 23, 2022 Sold $4,875,000 $636.76 Public Record
Aug 24, 2022 In Escrow - not showing $5,500,000 $718.39 MLS #202211079
Jun 27, 2022 Under contract $5,500,000 $718.39 MLS #202211079
Jun 13, 2022 New Listing $5,500,000 $718.39 MLS #202211079
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Activity

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125
times viewed
0
favorited

Tax details 2016 Kapiolani Blvd, Honolulu, HI, 96826

12 - A-2 Medium Density Apartme zoning / MLS #202211079
Current Property Taxes p/month
$9,238
Property Tax Year
2022
Assessed Improvement value
$315,000
Assessed Land value
$2,400,000
TMK
1-2-7-003-006-0000
Land Recorded
Land Court
Zoning
12 - A-2 Medium Density Apartme
Flood Zone
Zone AO
Topography
Level
Location
Inside
Lot Description
Clear
Property Setbacks
C&C
Total Assessed value
$2,715,000

Hawaii House tour report 2016 Kapiolani Blvd, Honolulu, HI, 96826

No reviews yet
Stunning views
Ocean views
Open floorplan
Needs Work
Street noise
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Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.Listings last updated on 09-26-2022. Copyright 2022 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.

Multi-Family Home sold $4,875,000 $5,500,000 2016 Kapiolani Blvd, Honolulu, HI, 96826 7,656 sqft Save House Remove from Saved