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420 Olohana Street, Honolulu, HI 96815
1 min walk to King Kalakaua Park
10 min walk to the beach
27 min walk to Ala Wai Golf Course
21 min walk to The Wall
11 min walk to Rock Piles
About lifestyles
Rare opportunity to buy a fee simple, 16-unit apartment building in Waikiki that is zoned Apartment Mixed Use. Great location with a straightforward path to renovating and getting much higher rents like the rest of Waikiki, but it needs work. There are currently 9 vacant units which offers a value-add investor the opportunity to refurbish and lease up over 56% of the building immediately. All units are currently rented at below-market rents. Solid concrete building, separately metered for electricity and large common area spaces with room to add amenities like storage. Add coin operated laundry for additional income. APARTMIX zoning may allow for some commercial uses – please consult your architect to discuss ways to take advantage of this zoning. Sale is subject to Seller executing a 1031 exchange.
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Multi-family details
1960 year built
- Year Built 1960
- Original list price $5,000,000
- Days on market 123
- Building type Apartments
- Price per sqft $1,323/sqft
-
Address
420 Olohana Street, Honolulu, HI, 96815
- Frontage Other
- Neighborhood Waikiki
- Land tenure FS - Fee Simple
- Land SqFt 4,500 sqft
- View City
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Monthly payment
Calculate your monthly payments
Mortgage
$25,494
Taxes
$332
HOA dues
$0
Mortgage
Down payment
$1,000,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$25,494 / month
Neighborhood: Waikiki
Nearby & commute
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
16.67 / 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
16 total units
# of 1 Bd
8
# of 2 Bd
7
# of 3 Bd
0
Total Units
16
Amenities & Features
5 parking places
Stories
4-7
Roof
Other
Construction
Hollow Tile
Utilities
Underground Electricity, Water
Property Condition
Fair
Parking
Assigned
nr.of parking places
5
Amenities
None
Income
Net Operating Income: $74,699
Total Actual Rent
$9,650
Total Annual Operating Expenses
$41,101
Total Income
$115,800
Net Operating Income
$74,699
Waikiki prices
Average price $566.11k
Neighborhood average sales price*
$566.11k
Neighborhood median sales price*
$511k
Number or sales*
46
Street median sales price*
$304.5k
Median sale price BEL-AIR PLAZA*
$440k
*last 6 months
About Waikiki
Waikiki Condos & neighborhood info When it comes to finding a home in a lively, picturesque setting, it's hard to beat the allure of Waikiki condos. Situated along the stunning shores of Oahu, Waikiki is a bustling neighborhood in Honolulu that boasts Read more
Schools
15 schools with rating up to 7
| School rating | Distance | |
|---|---|---|
| out of 10 |
Ala Wai Elementary School
503 Kamoku St,
Honolulu, HI 96826
Elementary School
|
0.232mi |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
Middle School
|
0.431mi | |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
High School
|
0.431mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Ala Wai Elementary School
503 Kamoku St,
Honolulu, HI 96826
|
0.232mi |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.431mi | |
| out of 10 |
King William Lunalilo Elementary School
810 Pumehana St,
Honolulu, HI 96826
|
0.596mi |
| out of 10 |
Prince Jonah Kuhio Elementary School
2759 South King St,
Honolulu, HI 96826
|
0.774mi |
|
Our Redeemer Lutheran School
2428 Wilder Avenue,
Honolulu, HI 96822
|
0.959mi |
| School rating | Distance | |
|---|---|---|
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.431mi | |
|
Varsity International School
2617 South King St., 3-D,
Honolulu, HI 96826
|
0.785mi | |
| out of 10 |
President George Washington Middle School
1633 South King St,
Honolulu, HI 96826
|
0.91mi |
|
Our Redeemer Lutheran School
2428 Wilder Avenue,
Honolulu, HI 96822
|
0.959mi | |
| out of 10 |
Education Laboratory Public Charter School
1776 University Ave,
Honolulu, HI 96822
|
1.118mi |
| School rating | Distance | |
|---|---|---|
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.431mi | |
|
Varsity International School
2617 South King St., 3-D,
Honolulu, HI 96826
|
0.785mi | |
| out of 10 |
Kaimuki High School
2705 Kaimuki Ave,
Honolulu, HI 96816
|
0.915mi |
|
Lutheran High School Of Hawaii
1404 University Avenue,
Honolulu, HI 96822
|
1mi | |
| out of 10 |
Education Laboratory Public Charter School
1776 University Ave,
Honolulu, HI 96822
|
1.118mi |
Data provided by Greatschools.org
Price history
Active Under Contract Aug 14, 2023
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Aug 14, 2023 | Active Under Contract | $5,000,000 | $1,322.75 | MLS #202311288 |
| May 22, 2023 | New Listing | $5,000,000 | $1,322.75 | MLS #202311288 |
Tax & MLS details 420 Olohana Street, Honolulu, HI, 96815
AM - Apartment Mixed Use zoning / MLS #202311288
Current Property Taxes p/month
$332
Property Tax Year
2023
Assessed Improvement value
$516,600
Assessed Land value
$1,850,000
TMK
1-2-6-016-044-0000
Land Recorded
Land Court
Zoning
AM - Apartment Mixed Use
Flood Zone
Zone AO
Topography
Level
Location
Other
Lot Description
Other
Property Setbacks
Of Record
Total Assessed value
$2,366,600
Listed by
Standard Management LLC
(808) 208-8107
(808) 208-8107
MLS #
202311288
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 420 Olohana Street
When was this multi-family home built and last sold?
This house was build in 1960.
What is the full address of this multi-family home?
420 Olohana Street, Honolulu, HI, 96815.
Are there beaches near 420 Olohana Street?
The nearest beach is 0.484 miles away. It should take about 10 min walk.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2023 by HiCentral Mls, Ltd. Listing courtesy of Standard Management 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 August 13, 2023.
Hawaii House Last checked less than a minute ago.
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