SOLD 10/05/2023
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743 Pumehana Street, Honolulu, HI 96826
$1,480,000 $1,200,000
Multi-Family Home
sold
4,230 sqft
Neighborhood:
Mccully
Sold 10/05/2023
$1,480,000 $1,200,000
3 min walk to Frank C. Judd Mini 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
Rare investment opportunity! Offered below assessed value. A-2 Zoned apartment building in the heart of Honolulu on a 5000 SF Level lot with 8 separate electrical meters. Super convenient and desirable location only minutes to Waikiki, Ala Moana, UH and just a stones throw to McCully Shopping Center where you'll find ample eateries and dining options. Property consists of two, 2-story dwellings with a total of 8 units, all 2 bed/1 bath. The new owner can take over the tenants and continue to enjoy a steady 4.5% CAP rate, upgrade the existing units to increase the revenue or explore the option to redevelop affordable rental units under Bill 7 to maximize the property's highest and best use. Current income may not measure the building's full occupancy potential or current market rates. Property is being sold Strictly As-Is, the two structures have deferred maintenance and are ready to be renovated or rebuilt. Priced at land value, buyers to conduct their own due diligence. Please do not disturb tenants. Act quickly, don't miss out on your chance to own an amazing investment in an unbeatable area!
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Multi-family details
1931 year built
- Year Built 1931
- Original list price $1,200,000
- Days on market 147
- Building type Multi Dwellings
- Price per sqft $350/sqft
-
Address
743 Pumehana Street, Honolulu, HI, 96826
- Neighborhood Mccully
- Land tenure FS - Fee Simple
- Land SqFt 5,000 sqft
- View None
Open Houses
No upcoming open houses
Monthly payment
Calculate your monthly payments
Mortgage
$7,547
Taxes
$396
HOA dues
$0
Mortgage
Down payment
$296,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$7,547 / month
Neighborhood: Mccully
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
17.5 / 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
8 total units
# of 1 Bd
0
# of 2 Bd
8
# of 3 Bd
0
Total Units
8
Amenities & Features
4 parking places
Stories
Two
Roof
Asphalt Shingle
Construction
Above Ground, Single Wall, Slab
Utilities
Cable, Internet, Overhead Electricity, Sewer Fee, Water
Property Condition
Fair, Needs Major Repair
Parking
Unassigned
nr.of parking places
4
Amenities
None
Income
Net Operating Income: $54,057
Total Actual Rent
$8,125
Total Annual Operating Expenses
$44,385
Total Income
$98,441
Net Operating Income
$54,057
Mccully prices
Average price $419.77k
Neighborhood average sales price*
$419.77k
Neighborhood median sales price*
$375k
Number or sales*
51
Street median sales price*
$350k
Median sale price Queen Emma Gardens*
$340k
*last 6 months
Schools
15 schools with rating up to 6
| School rating | Distance | |
|---|---|---|
| out of 10 |
King William Lunalilo Elementary School
810 Pumehana St,
Honolulu, HI 96826
Elementary School
|
0.087mi |
| out of 10 |
President George Washington Middle School
1633 South King St,
Honolulu, HI 96826
Middle School
|
0.403mi |
|
Maryknoll Grade School
1722 Dole Street,
Honolulu, HI 96822
High School
|
0.67mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
King William Lunalilo Elementary School
810 Pumehana St,
Honolulu, HI 96826
|
0.087mi |
| out of 10 |
Ala Wai Elementary School
503 Kamoku St,
Honolulu, HI 96826
|
0.551mi |
|
Maryknoll Grade School
1722 Dole Street,
Honolulu, HI 96822
|
0.67mi | |
|
Maryknoll School
1526 Alexander Street,
Honolulu, HI 96822
|
0.694mi | |
|
Maryknoll School
1402 Punahou Street,
Honolulu, HI 96822
|
0.704mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
President George Washington Middle School
1633 South King St,
Honolulu, HI 96826
|
0.403mi |
|
Maryknoll Grade School
1722 Dole Street,
Honolulu, HI 96822
|
0.67mi | |
|
Maryknoll School
1526 Alexander Street,
Honolulu, HI 96822
|
0.694mi | |
|
Maryknoll School
1402 Punahou Street,
Honolulu, HI 96822
|
0.704mi | |
|
Our Redeemer Lutheran School
2428 Wilder Avenue,
Honolulu, HI 96822
|
0.717mi |
| School rating | Distance | |
|---|---|---|
|
Maryknoll Grade School
1722 Dole Street,
Honolulu, HI 96822
|
0.67mi | |
|
Maryknoll School
1526 Alexander Street,
Honolulu, HI 96822
|
0.694mi | |
|
Maryknoll School
1402 Punahou Street,
Honolulu, HI 96822
|
0.704mi | |
|
Varsity International School
2617 South King St., 3-D,
Honolulu, HI 96826
|
0.722mi | |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.728mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Sold Oct 5, 2023
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Oct 5, 2023 | Sold | $1,480,000 | $349.88 | Public Record |
| Jun 1, 2023 | In Escrow - not showing | $1,200,000 | $283.69 | MLS #202310461 |
| May 12, 2023 | New Listing | $1,200,000 | $283.69 | MLS #202310461 |
Tax & MLS details 743 Pumehana Street, Honolulu, HI, 96826
12 - A-2 Medium Density Apartme zoning / MLS #202310461
Current Property Taxes p/month
$396
Property Tax Year
2023
Assessed Improvement value
$131,600
Assessed Land value
$1,225,000
TMK
1-2-3-033-010-0000
Land Recorded
Land Court
Zoning
12 - A-2 Medium Density Apartme
Flood Zone
Zone AO
Topography
Level
Location
Inside
Lot Description
Clear
Property Setbacks
C&C
Total Assessed value
$1,356,600
Listed by
Keller Williams Honolulu
(808) 596-2888
(808) 596-2888
MLS #
202310461
Hawaii House tour report for this multi-family home
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Stunning views
Ocean views
Open floorplan
Needs Work
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Frequently asked questions for 743 Pumehana Street
When was this multi-family home built and last sold?
This house was build in 1931 and sold in 2023.
What is the full address of this multi-family home?
743 Pumehana Street, Honolulu, HI, 96826.
Are there beaches near 743 Pumehana Street?
The nearest beach is 0.783 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 2024 by HiCentral Mls, Ltd. Listing courtesy of Keller Williams Honolulu. 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 October 05, 2023.
Hawaii House Last checked less than a minute ago.
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