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3451 Paalea Street, Honolulu, HI, 96816
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3451 Paalea Street, Honolulu, HI 96816

$900,000 Multi-Family Home cancelled 1,491 sqft Neighborhood:  Palolo
8 min walk to Palolo Valley District Park
8 min drive to Waikiki Beach
6 min drive to the golf
7 min drive to The Wall
7 min drive to Publics
About lifestyles
Fab Opportunity to Restore. Cool 2 legal dwellings in Honolulu under $1 million. Need Savvy & financially Strong Buyer with renovation experience to rehab houses. Front house sparks 1935 vintage charm with inviting classic look. Back house, built with C&C permit in 1959, is Grandfathered-In. Back house is Non-Conforming to current zoning code R-5. Ideal with 2 C&C legal houses for rental income or live in one and supplement your monthly mortgage by renting other house out. Each house has own electrical HECO new digital meter. Back house needs extensive repairs but definitely worth the sweat equity to maintain legal 2nd dwelling on property. Seller paid for pre-inspection of house for full disclosures. Buyer must conduct own Due Diligence of property condition. Both Houses were rentals for many decades. Survey & Building Permit pkg available to view in supplements. Please Contact your buyer agent today to preview and have lender pre-approval letter &/ cash verification ready. Build or expand your empire today.
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Multi-family details

1935 year built
  • Year Built 1935
  • Original list price $900,000
  • Days on market 438
  • Building type Multi Dwellings
  • Price per sqft $604/sqft
  • Address

    3451 Paalea Street, Honolulu, HI, 96816

  • Frontage Other
  • Neighborhood Palolo
  • Land tenure FS - Fee Simple
  • Land SqFt 4,750 sqft
  • View Mountain
  • Virtual Tour View (external link)

Open Houses

No upcoming open houses

Monthly payment

Calculate your monthly payments
Mortgage
$4,589
Taxes
$262
HOA dues
$0
$4,851 per month
Mortgage
Down payment
$180,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount $4,589 / 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
11.33 / 20
Somewhat walkable
18-20
15-18
10-15
1-10
Walkability according to the National Walkability Index

Unit Information

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

Amenities & Features

2 parking places
Stories
One
Furnished
Partial
Roof
Asphalt Shingle, Composition
Construction
Single Wall
Utilities
Cable, Overhead Electricity, Public Water, Telephone
Property Condition
Needs Major Repair, Tear Down
Parking
Covered
nr.of parking places
2
Amenities
None

Income

Total Actual Rent
Total Annual Operating Expenses
Total Income
Net Operating Income

Palolo prices

Average price $1.28m
Neighborhood average sales price*
$1.28m
Neighborhood median sales price*
$922.5k
Number or sales*
162
Street median sales price*
$797k
Median sale price Pacifica Honolulu*
$932.5k
*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
2
out of 10
Palolo Elementary School
2106 10th Ave, Honolulu, HI 96816
Elementary School
0.521mi
5
out of 10
William P Jarrett Middle School
1903 Palolo Ave, Honolulu, HI 96816
Middle School
0.312mi
NR
Sacred Hearts Academy
3253 Waialac Avenue, Honolulu, HI 96816
High School
0.78mi
School rating Distance
2
out of 10
Palolo Elementary School
2106 10th Ave, Honolulu, HI 96816
0.521mi
10
out of 10
Aliiolani Elementary School
1240 7th Ave, Honolulu, HI 96816
0.666mi
NR
Queen Lydia Liliuokalani Elementary School
3633 Waialae Ave, Honolulu, HI 96816
0.763mi
NR
Sacred Hearts Academy
3253 Waialac Avenue, Honolulu, HI 96816
0.78mi
NR
St Patrick School
3320 Harding Avenue, Honolulu, HI 96816
0.845mi
School rating Distance
5
out of 10
William P Jarrett Middle School
1903 Palolo Ave, Honolulu, HI 96816
0.312mi
NR
Sacred Hearts Academy
3253 Waialac Avenue, Honolulu, HI 96816
0.78mi
NR
St Patrick School
3320 Harding Avenue, Honolulu, HI 96816
0.845mi
NR
Kaimuki Christian School
1117 Koko Head Ave, Honolulu, HI 96816
0.857mi
NR
St Louis School
3142 Waialae Avenue, Honolulu, HI 96816
0.873mi
School rating Distance
NR
Sacred Hearts Academy
3253 Waialac Avenue, Honolulu, HI 96816
0.78mi
NR
Kaimuki Christian School
1117 Koko Head Ave, Honolulu, HI 96816
0.857mi
NR
St Louis School
3142 Waialae Avenue, Honolulu, HI 96816
0.873mi
9
out of 10
Anuenue School
2528 10th Ave, Honolulu, HI 96816
1.009mi
NR
St Francis School
2707 Pamoa Road, Honolulu, HI 96822
1.235mi
School ratings provided by Greatschools.org © 2023. All rights reserved.

Price history

Sold Feb 17, 2023
Date Event Price $/sqft Source
Feb 17, 2023 Sold $918,000 $615.69 Public Record
Dec 27, 2022 In Escrow - not showing $900,000 $603.62 MLS #202225867
Dec 19, 2022 New Listing $900,000 $603.62 MLS #202225867
Jul 14, 2021 Rented $1,650 $1.11 MLS #202116635
Jun 30, 2021 New Listing rental $1,650 -12% $1.11 MLS #202116635
Jan 27, 2020 Rented $1,875 $1.26 MLS #201932547
Nov 20, 2019 Price Decrease $1,875 -6.25% $1.26 MLS #201932547
Nov 14, 2019 New Listing rental $2,000 +21.21% $1.34 MLS #201932547
Feb 25, 2019 Rented $1,650 $1.11 MLS #201903855
Feb 7, 2019 Price Decrease $1,650 -5.71% $1.11 MLS #201903855
Feb 6, 2019 New Listing rental $1,750 $1.17 MLS #201903855
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Tax & MLS details 3451 Paalea Street, Honolulu, HI, 96816

05 - R-5 Residential District zoning / MLS #202225746
Current Property Taxes p/month
$262
Property Tax Year
2022
Assessed Improvement value
$146,500
Assessed Land value
$750,800
TMK
1-3-3-040-039-0000
Land Recorded
Land Court
Zoning
05 - R-5 Residential District
Flood Zone
Zone X
Topography
Level
Location
Other
Lot Description
Other
Property Setbacks
C&C
Total Assessed value
$897,300
Listed by
Properties of the Pacific, LLC
(808) 733-2233
MLS #
202225746
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 3451 Paalea Street in Palolo

Recently sold nearby 3451 Paalea Street in Palolo

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Frequently asked questions for 3451 Paalea Street

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

This house was build in 1935.

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

3451 Paalea Street, Honolulu, HI, 96816.

Are there beaches near 3451 Paalea Street?

The nearest beach is 2.198 miles away, called Waikiki Beach. It should take about 8 min drive.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 by HiCentral Mls, Ltd. Listing courtesy of Properties of the Pacific, 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 February 16, 2023.
Hawaii House Last checked less than a minute ago.

Multi-Family Home cancelled $900,000 3451 Paalea Street, Honolulu, HI, 96816 1,491 sqft Save House Remove from Saved