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509 Lauiki Street, Honolulu, HI 96826
1 min walk to Ala Wai Neighborhood Park
4 min drive to Waikiki Beach
6 min drive to Ala Wai Golf Course
5 min drive to The Wall
27 min walk to Rock Piles
About lifestyles
Iolani school neighborhood GEM! Super desirable neighborhood with maximum rentability with solid, seasoned rents and great rental comps demonstrating ultimate rentability for value-adding to market rates. Don’t miss out on this rare opportunity to own these just under 700sf two bed units with nice grassy yard and covered one-to-one parking on a very nice-sized lot. Add your own coin laundry and charge for parking for more income. All tenants on MTM agreements. PLEASE do not disturb tenants or walk/ park on property. All washing machines are tenant-owned, separately metered for electricity.
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Details
1952 year built
- Year Built 1952
- Original list price $1,825,000
- Days on market 290
- Price per sqft $437/sqft
-
Address
509 Lauiki Street, Honolulu, HI, 96826
- Frontage Other
- Neighborhood Kapiolani
- Land area 7,199 sqft / 0.165 acres
- Total Interior Area 4,180 sqft
- City of Oahu Honolulu
- Region Honolulu
- Island Oahu
- Land tenure FS - Fee Simple
- Number of Units 6
- Parking Spaces 6
- Annual Expenses 27168
- Net Operating Income 67032
- Virtual Tour View (external link)
Open Houses
No upcoming open houses
Monthly payment
Calculate your monthly payments
Mortgage
$9,306
Taxes
$524
HOA dues
$0
Mortgage
Down payment
$365,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$9,306 / month
Neighborhood: Kapiolani
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
13.5 / 20
Somewhat walkable
►
18-20
Most Walkable
15-18
Very walkable
10-15
Somewhat walkable
1-10
Car dependent
Walkability according to the National Walkability Index
Amenities & Features
6 parking places, Concrete, Other, Wood floors
Roof
Other
Property Condition
Above Average
Business Type
Condo/Apt, Other
Construction/Exterior Finish
Concrete Block, Wood Frame
Air Conditioning
None
Loading
None
Floor Covering
Concrete, Other, Wood
Income Information Source
Owner
Expense Information Source
Owner
Easements
Sewer
Documents Available
Lease Documents, P&L, Title Search
Lessee/Tenant Pays
Electricity, Other
Parking
Assigned, On Site, Other
Utilities Included
Gas, Light Electricity, Other, Small Water Meter
Amenities
None
Kapiolani prices
Average price $503k
Neighborhood average sales price*
$503k
Neighborhood median sales price*
$496.81k
Number or sales*
18
Street median sales price*
$900k
Median sale price Punahou Cliffs*
$900k
*last 6 months
Schools
15 schools with rating up to 8
| School rating | Distance | |
|---|---|---|
| out of 10 |
Ala Wai Elementary School
503 Kamoku St,
Honolulu, HI 96826
Elementary School
|
0.053mi |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
Middle School
|
0.177mi | |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
High School
|
0.177mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Ala Wai Elementary School
503 Kamoku St,
Honolulu, HI 96826
|
0.053mi |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.177mi | |
| out of 10 |
Prince Jonah Kuhio Elementary School
2759 South King St,
Honolulu, HI 96826
|
0.492mi |
| out of 10 |
King William Lunalilo Elementary School
810 Pumehana St,
Honolulu, HI 96826
|
0.627mi |
|
Our Redeemer Lutheran School
2428 Wilder Avenue,
Honolulu, HI 96822
|
0.753mi |
| School rating | Distance | |
|---|---|---|
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.177mi | |
|
Varsity International School
2617 South King St., 3-D,
Honolulu, HI 96826
|
0.529mi | |
|
Our Redeemer Lutheran School
2428 Wilder Avenue,
Honolulu, HI 96822
|
0.753mi | |
| out of 10 |
Education Laboratory Public Charter School
1776 University Ave,
Honolulu, HI 96822
|
0.91mi |
| out of 10 |
President George Washington Middle School
1633 South King St,
Honolulu, HI 96826
|
0.95mi |
| School rating | Distance | |
|---|---|---|
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.177mi | |
|
Varsity International School
2617 South King St., 3-D,
Honolulu, HI 96826
|
0.529mi | |
| out of 10 |
Kaimuki High School
2705 Kaimuki Ave,
Honolulu, HI 96816
|
0.639mi |
|
Lutheran High School Of Hawaii
1404 University Avenue,
Honolulu, HI 96822
|
0.779mi | |
| out of 10 |
Education Laboratory Public Charter School
1776 University Ave,
Honolulu, HI 96822
|
0.91mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Cancelled Jul 11, 2023
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Jul 11, 2023 | Cancelled | $1,825,000 | $436.60 | MLS #202306969 |
| Jul 4, 2023 | Sold | $1,825,000 | $436.60 | Public Record |
| Jun 5, 2023 | In Escrow - not showing | $1,825,000 | $436.60 | MLS #202306969 |
| Apr 10, 2023 | Active Under Contract | $1,825,000 | $436.60 | MLS #202306969 |
| Mar 31, 2023 | New Listing | $1,825,000 | $436.60 | MLS #202306969 |
Tax & MLS details 509 Lauiki Street, Honolulu, HI, 96826
13 - A-3 High Density Apartment zoning / MLS #202306969
Current Property Taxes p/month
$524
Property Tax Year
2023
Assessed Improvement value
$166,700
Assessed Land value
$1,705,500
TMK
1-2-7-013-024-0000
Land Recorded
Regular System
Zoning
13 - A-3 High Density Apartment
Flood Zone
Zone A
Total Assessed value
$1,872,200
Listed by
Commercial Inv. Strategies
(808) 429-1098
(808) 429-1098
MLS #
202306969
Hawaii House tour report for this commercial
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Frequently asked questions for 509 Lauiki Street
What is 509 Lauiki Street?
509 Lauiki Street is a Commercial/Industrial
How many units does it have?
509 Lauiki Street has 6 units.
What is the rental income?
The net income is $67,032
*check with agent
What is the full address of this commercial?
509 Lauiki Street, Honolulu, HI, 96826.
What comparable properties are nearby?
Comparable nearby commercial properties include 725 Kapiolani Blvd unit C209, 888 Mililani St unit 700, 1100 Alakea Street unit 1400, 1100 Alakea Street unit 700, 110 N King Street, 1178 N King Street.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 by HiCentral Mls, Ltd. Listing courtesy of Commercial Inv. Strategies. 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 July 11, 2023.
Hawaii House Last checked 1 minute ago.
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