Hawaii House
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2963 Koali Rd, Honolulu, HI 96826

Multi-Family · Expired · $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 market318
  • Building typeMulti Dwellings
  • Address

    2963 Koali Rd, Honolulu, HI, 96826

  • Year Built1938
  • NeighborhoodUniversity
  • Land tenureFS - Fee Simple
  • Land SqFt37830 sqft
  • ViewNone
  • Listing provided courtesy ofMark D Bratton, Bratton Realty Advisors, Ltd.
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
School ratingDistance
8
out of 10
Hokulani Elementary School
2940 Kamakini St, Honolulu, HI 96816
Elementary School
0.056mi
NR
St Louis School
3142 Waialae Avenue, Honolulu, HI 96816
Middle School
0.379mi
NR
St Louis School
3142 Waialae Avenue, Honolulu, HI 96816
High School
0.379mi
School ratingDistance
8
out of 10
Hokulani Elementary School
2940 Kamakini St, Honolulu, HI 96816
0.056mi
NR
Aikane O Hokulani
2940 Kamakini St, Honolulu, HI 96816
0.063mi
7
out of 10
Prince Jonah Kuhio Elementary School
2759 South King St, Honolulu, HI 96826
0.429mi
NR
Our Redeemer Lutheran School
2428 Wilder Avenue, Honolulu, HI 96822
0.657mi
8
out of 10
Aliiolani Elementary School
1240 7th Ave, Honolulu, HI 96816
0.672mi
School ratingDistance
NR
St Louis School
3142 Waialae Avenue, Honolulu, HI 96816
0.379mi
NR
Varsity International School
2617 South King St., 3-D, Honolulu, HI 96826
0.502mi
NR
Our Redeemer Lutheran School
2428 Wilder Avenue, Honolulu, HI 96822
0.657mi
8
out of 10
Education Laboratory Public Charter School
1776 University Ave, Honolulu, HI 96822
0.672mi
NR
St Patrick School
3320 Harding Avenue, Honolulu, HI 96816
0.705mi
School ratingDistance
NR
St Louis School
3142 Waialae Avenue, Honolulu, HI 96816
0.379mi
2
out of 10
Kaimuki High School
2705 Kaimuki Ave, Honolulu, HI 96816
0.4mi
NR
Varsity International School
2617 South King St., 3-D, Honolulu, HI 96826
0.502mi
NR
Lutheran High School Of Hawaii
1404 University Avenue, Honolulu, HI 96822
0.591mi
8
out of 10
Education Laboratory Public Charter School
1776 University Ave, Honolulu, HI 96822
0.672mi
Data provided by Greatschools.org
Neighborhood - University
  • Neighborhood average sales price*$551k
  • Neighborhood median sales price*$551k
  • Number or sales*2
Price history
Date Event Price $/sqft Source
Jan 31, 2018 Expired $5,250,000 0 MLS 201716854
Dec 26, 2017 In Escrow - not showing $5,250,000 0 MLS 201716854
Dec 15, 2017 Back On Market $5,250,000 0 MLS 201716854
Dec 12, 2017 Under contract $5,250,000 0 MLS 201716854
Aug 3, 2017 New Listing $5,250,000 0 MLS 201716854
Dec 30, 2016 Withdrawn $5,820,000 0 MLS 201616025
Jun 17, 2016 New Listing $5,820,000 0 MLS 201616025
Jun 10, 2016 Expired $5,820,000 0 MLS 201509738
Jun 9, 2015 New Listing $5,820,000 0 MLS 201509738
Jan 17, 2004 Expired $2,200,000 0 MLS 2300814
Sep 25, 2003 Back On Market $2,200,000 0 MLS 2300814
Sep 11, 2003 In Escrow - not showing $2,200,000 0 MLS 2300814
May 21, 2003 Price Decrease $2,200,000 -8.33% 0 MLS 2300814
Jan 18, 2003 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 Expired $5,250,000 2963 Koali Rd, Honolulu, HI, 96826 Remove from Saved Save House