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721 Paani St, Honolulu, HI 96826
3 min walk to Ala Wai Community Park
19 min walk to Duke Paoa Kahanamoku Beach Park
6 min drive to Ala Wai Golf Course
4 min drive to The Wall
21 min walk to Rock Piles
About lifestyles
Check out this incredible apartment zoned corner lot situated right on the outskirts of Waikiki. Centrally located close to Ala Moana Center, McCully Shopping Center, and UH Manoa, with easy access to major roads and freeways. Currently offers two well-maintained dwellings that have undergone recent updates. Building one is a 3 bedroom 2 bath, had its water heater replaced in 2023, and offers a homey feel. Building two consists of one 2 bedroom 1 bath, and two studios with roofing replaced this year (2023). Additionally, the bathrooms and kitchens have received upgrades. Each building has its own electric meter and one water meter for the whole property. This property presents the perfect opportunity for redevelopment with Honolulu's Bill 7.
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Multi-family details
1938 year built
Year Built
1938
Year Remodeled
2017
Original list price
$1,690,000
Days on market
12
Building type
Multi Dwellings
Price per sqft
$932/sqft
Address
721 Paani St, Honolulu, HI, 96826
Neighborhood
Moiliili
Land tenure
FS - Fee Simple
Land SqFt
4,914 sqft
View
None
Open Houses
No upcoming open houses
Monthly payment
Calculate your monthly payments
Mortgage
$8,617
Taxes
$389
HOA dues
$0
Mortgage
Down payment
$338,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$8,617 / month
Neighborhood: Moiliili
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
—
no data
Hospital
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no data
Park
—
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
12.33 / 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
Unit Information
4 total units
# of 1 Bd
0
# of 2 Bd
1
# of 3 Bd
1
Total Units
4
Amenities & Features
4 parking places
Stories
One, Two
Furnished
None
Roof
Asphalt Shingle
Construction
Wood Frame
Utilities
Cable, Internet, Overhead Electricity, Public Water, Sewer Fee
Property Condition
Average
Parking
Assigned, Covered, Open
nr.of parking places
4
Amenities
None
Income
Net Operating Income: $62,077
Total Actual Rent
$7,000
Total Annual Operating Expenses
$21,923
Total Income
$84,000
Net Operating Income
$62,077
Moiliili prices
Average price $1m
Neighborhood average sales price*
$1m
Neighborhood median sales price*
$1m
Number or sales*
2
*last 6 months
Schools
15 schools with rating up to 7
| School rating | Distance | |
|---|---|---|
| out of 10 |
King William Lunalilo Elementary School
810 Pumehana St,
Honolulu, HI 96826
Elementary School
|
0.302mi |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
Middle School
|
0.487mi | |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
High School
|
0.487mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
King William Lunalilo Elementary School
810 Pumehana St,
Honolulu, HI 96826
|
0.302mi |
| out of 10 |
Ala Wai Elementary School
503 Kamoku St,
Honolulu, HI 96826
|
0.326mi |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.487mi | |
| out of 10 |
Prince Jonah Kuhio Elementary School
2759 South King St,
Honolulu, HI 96826
|
0.626mi |
|
Our Redeemer Lutheran School
2428 Wilder Avenue,
Honolulu, HI 96822
|
0.629mi |
| School rating | Distance | |
|---|---|---|
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.487mi | |
|
Varsity International School
2617 South King St., 3-D,
Honolulu, HI 96826
|
0.541mi | |
| out of 10 |
President George Washington Middle School
1633 South King St,
Honolulu, HI 96826
|
0.624mi |
|
Our Redeemer Lutheran School
2428 Wilder Avenue,
Honolulu, HI 96822
|
0.629mi | |
| out of 10 |
Education Laboratory Public Charter School
1776 University Ave,
Honolulu, HI 96822
|
0.784mi |
| School rating | Distance | |
|---|---|---|
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.487mi | |
|
Varsity International School
2617 South King St., 3-D,
Honolulu, HI 96826
|
0.541mi | |
|
Lutheran High School Of Hawaii
1404 University Avenue,
Honolulu, HI 96822
|
0.683mi | |
| out of 10 |
Education Laboratory Public Charter School
1776 University Ave,
Honolulu, HI 96822
|
0.784mi |
|
Maryknoll Grade School
1722 Dole Street,
Honolulu, HI 96822
|
0.808mi |
Data provided by Greatschools.org
Price history
New Listing Jun 1, 2023
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Jun 1, 2023 | New Listing | $1,690,000 | $932.16 | MLS #202311379 |
Activity
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Tax & MLS details 721 Paani St, Honolulu, HI, 96826
12 - A-2 Medium Density Apartme zoning / MLS #202311379
Current Property Taxes p/month
$389
Property Tax Year
2022
Assessed Improvement value
$150,600
Assessed Land value
$1,184,500
TMK
1-2-7-005-003-0000
Land Recorded
Land Court
Zoning
12 - A-2 Medium Density Apartme
Flood Zone
Zone AO
Topography
Level
Location
Corner
Lot Description
Clear
Property Setbacks
C&C
Total Assessed value
$1,335,100
Listed by
eXp Realty
(808) 725-2794
(808) 725-2794
MLS #
202311379
Hawaii House tour report for this multi-family home
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Stunning views
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Open floorplan
Needs Work
Street noise
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Frequently asked questions for 721 Paani St
When was this multi-family home built and last sold?
This house was build in 1938.
What is the full address of this multi-family home?
721 Paani St, Honolulu, HI, 96826.
Are there beaches near 721 Paani St?
The nearest beach is 0.781 miles away, called Duke Paoa Kahanamoku Beach Park. It should take about 19 min walk.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2023 by HiCentral Mls, Ltd. Listing courtesy of eXp Realty. 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 01, 2023.
Hawaii House Last checked less than a minute ago.
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