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420 Olohana Street, Honolulu, HI, 96815
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420 Olohana Street, Honolulu, HI 96815

$3,988,000  $1,012,000 Multi-Family Home expired 8,640 sqft Neighborhood:  Waikiki
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
Vacant, fee simple, 16-unit apartment building in Waikiki that is zoned Apartment Mixed Use. Great location with a straightforward path to renovating and getting high rents in line with the rest of Waikiki, but it needs significant renovation and repair work. The property is currently 100% vacant which offers a value-add investor a blank canvas to refurbish the building on their own timeline. 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 126
  • Building type Apartments
  • Price per sqft $462/sqft
  • Address

    420 Olohana Street, Honolulu, HI, 96815

  • Frontage Other
  • Neighborhood Waikiki
  • Land tenure FS - Fee Simple
  • Land SqFt 4,500 sqft
  • View City

Open Houses

No upcoming open houses

Monthly payment

Calculate your monthly payments
Mortgage
$20,334
Taxes
$690
HOA dues
$0
$21,024 per month
Mortgage
Down payment
$797,600 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount $20,334 / month

Neighborhood: Waikiki

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
16.67 / 20
Very walkable
18-20
15-18
10-15
1-10
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
Needs Major Repair
Parking
Assigned
nr.of parking places
5
Amenities
None

Income

Total Actual Rent
Total Annual Operating Expenses
$12,108
Total Income
Net Operating Income

Waikiki prices

No information about average prices in this area
-

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 8
School rating Distance
2
out of 10
Ala Wai Elementary School
503 Kamoku St, Honolulu, HI 96826
Elementary School
0.232mi
NR
Iolani School
563 Kamoku St, Honolulu, HI 96826
Middle School
0.431mi
NR
Iolani School
563 Kamoku St, Honolulu, HI 96826
High School
0.431mi
School rating Distance
2
out of 10
Ala Wai Elementary School
503 Kamoku St, Honolulu, HI 96826
0.232mi
NR
Iolani School
563 Kamoku St, Honolulu, HI 96826
0.431mi
5
out of 10
King William Lunalilo Elementary School
810 Pumehana St, Honolulu, HI 96826
0.596mi
5
out of 10
Prince Jonah Kuhio Elementary School
2759 South King St, Honolulu, HI 96826
0.774mi
NR
Our Redeemer Lutheran School
2428 Wilder Avenue, Honolulu, HI 96822
0.959mi
School rating Distance
NR
Iolani School
563 Kamoku St, Honolulu, HI 96826
0.431mi
NR
Varsity International School
2617 South King St., 3-D, Honolulu, HI 96826
0.785mi
6
out of 10
President George Washington Middle School
1633 South King St, Honolulu, HI 96826
0.91mi
NR
Our Redeemer Lutheran School
2428 Wilder Avenue, Honolulu, HI 96822
0.959mi
8
out of 10
Education Laboratory Public Charter School
1776 University Ave, Honolulu, HI 96822
1.118mi
School rating Distance
NR
Iolani School
563 Kamoku St, Honolulu, HI 96826
0.431mi
NR
Varsity International School
2617 South King St., 3-D, Honolulu, HI 96826
0.785mi
2
out of 10
Kaimuki High School
2705 Kaimuki Ave, Honolulu, HI 96816
0.915mi
NR
Lutheran High School Of Hawaii
1404 University Avenue, Honolulu, HI 96822
1mi
8
out of 10
Education Laboratory Public Charter School
1776 University Ave, Honolulu, HI 96822
1.118mi
School ratings provided by Greatschools.org © 2023. All rights reserved.

Price history

Expired Apr 23, 2024
Date Event Price $/sqft Source
Apr 23, 2024 Expired $3,988,000 $461.57 MLS #202311288
Mar 28, 2024 Active Under Contract $3,988,000 $461.57 MLS #202311288
Mar 6, 2024 Price Decrease $3,988,000 -20.24% $461.57 MLS #202311288
Feb 20, 2024 Back On Market $5,000,000 $578.70 MLS #202311288
Aug 14, 2023 Active Under Contract $5,000,000 $578.70 MLS #202311288
May 22, 2023 New Listing $5,000,000 $578.70 MLS #202311288
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Tax & MLS details 420 Olohana Street, Honolulu, HI, 96815

AM - Apartment Mixed Use zoning / MLS #202311288
Current Property Taxes p/month
$690
Property Tax Year
2023
Assessed Improvement value
$513,600
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
$23,663,600
Listed by
Standard Management LLC
(808) 208-8107
MLS #
202311288
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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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 2024 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 June 14, 2024.
Hawaii House Last checked less than a minute ago.

Multi-Family Home expired $3,988,000  $1,012,000 420 Olohana Street, Honolulu, HI, 96815 8,640 sqft Save House Remove from Saved