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3536 Salt Lake Blvd, Honolulu, HI 96818
4 min drive to Salt Lake District Park
12 min walk to Navy Marine Golf Course
About lifestyles
Fantastic opportunity to own one of the largest and lowest cost Bill 7 qualified properties in the Honolulu Metro area! Architectural rendering is for illustrative purposes only. Bill 7 encourages new multifamily development by offering huge fee waivers for water, sewer, permits and 10 years of property tax abatement for a new building! DPP has approved construction of an 8 unit (2br/1ba) apartment building. Larger (24 unit) build, inquire w/ DPP. Golf-course view for new apartment/condo building structure above 3 stories. Conveniently located with easy access to freeways, Aloha Stadium, Salt Lake and Moanalua Shopping centers. Existing 7500sf level lot has a 2BR/1BA home in the rear (3-car covered parking under the home) and a duplex (each with 2BR/1BA) in the front. Each unit is approximately 600sf with separately metered electric and water with own washer/dryer. Current rents have been fixed since 2018 and pro-forma rent-roll is $68,400/yr. Good income property, but unique Bill 7 development opportunity can be transformational for the right investor. Buyers to complete all due diligence that they deem material. Sold AS-IS. Please use commercial PSA. Include AS IS addendum.
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Multi-family details
1954 year built
- Year Built 1954
- Original list price $1,375,000
- Days on market 347
- Building type Duplex,Multi Dwellings,Other
- Price per sqft $764/sqft
-
Address
3536 Salt Lake Blvd, Honolulu, HI, 96818
- Frontage Other
- Neighborhood Aliamanu
- Land tenure FS - Fee Simple
- Land SqFt 7,500 sqft
- View None
- Virtual Tour View (external link)
Open Houses
No upcoming open houses
Monthly payment
Calculate your monthly payments
Mortgage
$7,011
Taxes
$275
HOA dues
$0
Mortgage
Down payment
$275,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$7,011 / month
Neighborhood: Aliamanu
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
16 / 20
Very 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
3 total units
# of 1 Bd
0
# of 2 Bd
3
# of 3 Bd
0
Total Units
3
Amenities & Features
8 parking places
Stories
One, Two
Furnished
None
Roof
Asphalt Shingle, Other
Construction
Above Ground, Other, Single Wall
Utilities
Cable, Internet, Other, Overhead Electricity, Public Water, Telephone, Water
Property Condition
Average, Fair
Parking
Covered, Open, Unassigned
nr.of parking places
8
Amenities
A/C, Other, Storage
Income
Net Operating Income: $45,145
Total Actual Rent
$55,800
Total Annual Operating Expenses
$55,800
Total Income
$55,800
Net Operating Income
$45,145
Aliamanu prices
Average price $1.48m
Neighborhood average sales price*
$1.48m
Neighborhood median sales price*
$1.4m
Number or sales*
3
*last 6 months
Schools
15 schools with rating up to 9
| School rating | Distance | |
|---|---|---|
| out of 10 |
Aliamanu Elementary School
3265 Salt Lake Blvd,
Honolulu, HI 96818
Elementary School
|
0.516mi |
| out of 10 |
Aliamanu Middle School
3271 Salt Lake Boulevard,
Honolulu, HI 96818
Middle School
|
0.459mi |
|
Assets School
1 Ohana Nui Way,
Honolulu, HI 96818
High School
|
0.975mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Aliamanu Elementary School
3265 Salt Lake Blvd,
Honolulu, HI 96818
|
0.516mi |
| out of 10 |
Salt Lake Elementary School
1131 Ala Lilikoi St,
Honolulu, HI 96818
|
0.602mi |
| out of 10 |
Pearl Harbor Elementary School
1 Moanalua Ridge,
Honolulu, HI 96818
|
0.665mi |
|
Navy Hale Keiki School
153 Bougainville Drive,
Honolulu, HI 96818
|
0.852mi | |
|
Holy Family Catholic Academy
830 Main Street,
Honolulu, HI 96818
|
0.896mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Aliamanu Middle School
3271 Salt Lake Boulevard,
Honolulu, HI 96818
|
0.459mi |
| out of 10 |
Aliamanu Elementary School
3265 Salt Lake Blvd,
Honolulu, HI 96818
|
0.516mi |
| out of 10 |
Pearl Harbor Elementary School
1 Moanalua Ridge,
Honolulu, HI 96818
|
0.665mi |
|
Holy Family Catholic Academy
830 Main Street,
Honolulu, HI 96818
|
0.896mi | |
|
Assets School
1 Ohana Nui Way,
Honolulu, HI 96818
|
0.975mi |
| School rating | Distance | |
|---|---|---|
|
Assets School
1 Ohana Nui Way,
Honolulu, HI 96818
|
0.975mi | |
| out of 10 |
Admiral Arthur W Radford High School
4361 Salt Lake Blvd,
Honolulu, HI 96818
|
1.022mi |
| out of 10 |
Moanalua High School
2825 Ala Ilima St,
Honolulu, HI 96819
|
1.276mi |
|
Christian Academy
3400 Moanalua Road,
Honolulu, HI 96819
|
1.71mi | |
|
Grace Christian Academy
99-833 Iwaena Street,
Aiea, HI 96701
|
1.798mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Cancelled Nov 15, 2023
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Nov 15, 2023 | Cancelled | $1,375,000 | $763.89 | MLS #202308788 |
| Sep 6, 2023 | Back On Market | $1,375,000 | $763.89 | MLS #202308788 |
| Aug 2, 2023 | Active Under Contract | $1,375,000 | $763.89 | MLS #202308788 |
| Apr 10, 2023 | New Listing | $1,375,000 | $763.89 | MLS #202308788 |
Tax & MLS details 3536 Salt Lake Blvd, Honolulu, HI, 96818
11 - A-1 Low Density Apartment zoning / MLS #202308788
Current Property Taxes p/month
$275
Property Tax Year
2023
Assessed Improvement value
$108,600
Assessed Land value
$862,500
TMK
1-1-1-018-005-0000
Land Recorded
Land Court
Zoning
11 - A-1 Low Density Apartment
Flood Zone
Zone X
Topography
Level,Other
Location
Other
Lot Description
Other
Property Setbacks
Of Record
Total Assessed value
$971,100
Listed by
Real Capital Advisors, LLC
(808) 722-7775
(808) 722-7775
MLS #
202308788
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 3536 Salt Lake Blvd
When was this multi-family home built and last sold?
This house was build in 1954.
What is the full address of this multi-family home?
3536 Salt Lake Blvd, Honolulu, HI, 96818.
Are there beaches near 3536 Salt Lake Blvd?
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 Real Capital Advisors, 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 November 14, 2023.
Hawaii House Last checked less than a minute ago.
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