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715 Piikoi Street, Honolulu, HI 96816
3 min walk to Sheridan Community Park
25 min walk to Ala Moana Beach
8 min drive to Ala Wai Golf Course
28 min walk to Point Panic
19 min walk to Concessions
About lifestyles
18 CMU one-bedroom units near Ala Moana with 29 parking stalls! Proforma 5.6% cap rate at market rents. Average in-place rents are $1,183, far below market, and all tenants are month-to-month. Each unit is approx. 491 SF and in classic condition, allowing an investor the opportunity to add value by renovating units and increasing rents to market rates. The property consists of 18 one-bedroom/one-bathroom CMU units, each with a private lanai, and most with a sink and mauka views. The property has a large covered parking garage with 29 parking stalls and ingress/egress from Piikoi and Alder St. The secured laundry room has 2 landlord-owned coin-operated washers and dryers and has its own bathroom for tenant convenience. There is abundant landlord storage space on-site. Building is separately metered for electricity and boasts mature landscaping. Walking distance to Walmart and Ala Moana Shopping Center.
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Multi-family details
1968 year built
- Year Built 1968
- Original list price $5,300,000
- Days on market 50
- Building type Apartments
- Price per sqft $419/sqft
-
Address
715 Piikoi Street, Honolulu, HI, 96816
- Frontage Other
- Neighborhood Ala Moana
- Land tenure FS - Fee Simple
- Land SqFt 8,704 sqft
- View Mountain, Other
- Virtual Tour View (external link)
Open Houses
No upcoming open houses
Monthly payment
Calculate your monthly payments
Mortgage
$27,024
Taxes
$836
HOA dues
$0
Mortgage
Down payment
$1,060,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$27,024 / month
Neighborhood: Ala Moana
Nearby & commute
Walkability
Coffee shops
—
no data
Bus stop
—
no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
—
no data
Beach
—
no data
Elementary school
—
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
18 / 20
Most 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
18 total units
# of 1 Bd
18
# of 2 Bd
0
# of 3 Bd
0
Total Units
18
Amenities & Features
29 parking places
Stories
Three
Roof
Other
Construction
Concrete, Hollow Tile, Slab
Utilities
Overhead Electricity, Public Water, Sewer Fee, Water
Property Condition
Average
Parking
Assigned, Covered
nr.of parking places
29
Amenities
None
Income
Net Operating Income: $229,200
Total Actual Rent
$21,300
Total Annual Operating Expenses
$36,000
Total Income
$265,200
Net Operating Income
$229,200
Ala Moana prices
Average price $553.39k
Neighborhood average sales price*
$553.39k
Neighborhood median sales price*
$442.5k
Number or sales*
500
*last 6 months
Schools
15 schools with rating up to 6
| School rating | Distance | |
|---|---|---|
|
Redemption Academy
423 Kamakee Street,
Honolulu, HI 96814
Elementary School
|
0.391mi | |
|
Redemption Academy
423 Kamakee Street,
Honolulu, HI 96814
Middle School
|
0.391mi | |
| out of 10 |
President William Mckinley High School
1039 South King St,
Honolulu, HI 96814
High School
|
0.321mi |
| School rating | Distance | |
|---|---|---|
|
Redemption Academy
423 Kamakee Street,
Honolulu, HI 96814
|
0.391mi | |
| out of 10 |
Queen Kaahumanu Elementary School
1141 Kinau St,
Honolulu, HI 96814
|
0.42mi |
|
Hawaiian Mission Academy K-8
1415 Makiki Street,
Honolulu, HI 96814
|
0.63mi | |
|
Maryknoll School
1402 Punahou Street,
Honolulu, HI 96822
|
0.817mi | |
| out of 10 |
King William Lunalilo Elementary School
810 Pumehana St,
Honolulu, HI 96826
|
0.849mi |
| School rating | Distance | |
|---|---|---|
|
Redemption Academy
423 Kamakee Street,
Honolulu, HI 96814
|
0.391mi | |
| out of 10 |
President George Washington Middle School
1633 South King St,
Honolulu, HI 96826
|
0.623mi |
|
Hawaiian Mission Academy K-8
1415 Makiki Street,
Honolulu, HI 96814
|
0.63mi | |
|
Maryknoll School
1402 Punahou Street,
Honolulu, HI 96822
|
0.817mi | |
|
Maryknoll Grade School
1722 Dole Street,
Honolulu, HI 96822
|
0.918mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
President William Mckinley High School
1039 South King St,
Honolulu, HI 96814
|
0.321mi |
|
Hawaiian Mission Academy
1438 Pensacola Street,
Honolulu, HI 96822
|
0.62mi | |
|
Maryknoll School
1402 Punahou Street,
Honolulu, HI 96822
|
0.817mi | |
|
Maryknoll Grade School
1722 Dole Street,
Honolulu, HI 96822
|
0.918mi | |
|
Punahou School
1601 Punahou Street,
Honolulu, HI 96822
|
0.945mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Active Under Contract Feb 12, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Feb 12, 2024 | Active Under Contract | $5,300,000 | $419.44 | MLS #202326083 |
| Feb 5, 2024 | Back On Market | $5,300,000 | $419.44 | MLS #202326083 |
| Dec 27, 2023 | Active Under Contract | $5,300,000 | $419.44 | MLS #202326083 |
| Nov 28, 2023 | New Listing | $5,300,000 | $419.44 | MLS #202326083 |
Tax & MLS details 715 Piikoi Street, Honolulu, HI, 96816
12 - A-2 Medium Density Apartme zoning / MLS #202326083
Current Property Taxes p/month
$836
Property Tax Year
2023
Assessed Improvement value
$645,700
Assessed Land value
$2,219,500
TMK
1-2-3-014-058-0000
Land Recorded
Land Court
Zoning
12 - A-2 Medium Density Apartme
Flood Zone
Zone X
Topography
Level
Location
Other
Lot Description
Other
Property Setbacks
None
Total Assessed value
$2,865,200
Listed by
Standard Management LLC
(808) 208-8107
(808) 208-8107
MLS #
202326083
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 715 Piikoi Street
When was this multi-family home built and last sold?
This house was build in 1968.
What is the full address of this multi-family home?
715 Piikoi Street, Honolulu, HI, 96816.
Are there beaches near 715 Piikoi Street?
The nearest beach is 0.562 miles away, called Ala Moana Beach. It should take about 25 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 April 18, 2024.
Hawaii House Last checked less than a minute ago.
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