Hawaii House
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2963 Koali Rd, Honolulu, HI 96826

Multi-Family · For sale · $5,250,000

2963 Koali Road is a fee simple investment opportunity consisting of nine (9) detached residential units on approximately 37,830 square feet of land. The property is ideally situated in urban Honolulu on the island of Oahu, adjacent to the University of Hawaii at Manoa. Over the past five years the owner has made substantial renovations to each of the nine (9) homes, with completion of the last house occurring in early 2017. The property is located in a residential district with stable cash fl ow from in-place rental rates. The property is currently 99% occupied with (1) 2-bedroom/1 bath home vacant and available for showings.
Details
  • Original list price$5,250,000
  • Days on market50
  • Building typeMulti Dwellings
  • Address

    2963 Koali Rd, Honolulu, HI, 96826

  • Year Built1938
  • NeighborhoodUniversity
  • Land tenureFS - Fee Simple
  • Land SqFt37830 sqft
  • ViewNone
Unit Information
  • # of 1 Bd1
  • # of 2 Bd7
  • # of 3 Bd1
  • Total Units9
Amenities & Features
  • StoriesOne
  • RoofOther
  • ConstructionAbove Ground, Wood Frame
  • UtilitiesCable, Internet, Overhead Electricity, Sewer Fee, Telephone, Water
  • Property ConditionAverage
  • ParkingAssigned, Covered, Tandem
  • nr.of parking places18
  • AmenitiesStorage
Income
  • Total Actual Rent$15,883
  • Total Annual Operating Expenses$109,990
  • Total Income$15,883
  • Net Operating Income$80,609
Schools Nearby
-
Neighborhood - University
  • Neighborhood average sales price*$1.04m
  • Neighborhood median sales price*$892.51k
  • Number or sales*4
Price history
Date Event Price $/sqft Source
2017-08-03 New Listing $5,250,000 0 MLS 201716854
2016-12-30 Withdrawn $5,820,000 0 MLS 201616025
2016-06-17 New Listing $5,820,000 0 MLS 201616025
2016-06-10 Expired $5,820,000 0 MLS 201509738
2015-06-09 New Listing $5,820,000 0 MLS 201509738
2004-01-17 Expired $2,200,000 0 MLS 2300814
2003-09-25 Back On Market $2,200,000 0 MLS 2300814
2003-09-11 In Escrow - not showing $2,200,000 0 MLS 2300814
2003-05-21 Price Decrease $2,200,000 -8.33% 0 MLS 2300814
2003-01-18 New Listing $2,400,000 0 MLS 2300814
Taxes
  • Current Property Taxes p/month$919
  • Property Tax Year2017
  • Assessed Improvement value$403,400
  • Assessed Land value$2,747,100
  • MLS #201716854
  • TMK1-2-8-027-002-0000
  • Land RecordedRegular System
  • Zoning05 - R-5 R
  • TopographyGentle Slope
  • Lot DescriptionOther
  • Property SetbacksNone
  • Total Assessed value$3,150,500
Agent viewpoints   of 2963 Koali Rd, Honolulu, HI, 96826
Stunning views
Ocean views
Open floorplan
Needs Work
Street noise

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Hawaii House
Multi-Family For sale $5,250,000 2963 Koali Rd, Honolulu, HI, 96826 Remove from Saved Save House