Hawaii House
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1804 Poki Street, Honolulu, HI 96822

Multi-Family · Sold · Sold 11/17/2015 $2,250,000 $2,495,000

Strong and steady income apartment building in one of the best areas of Honolulu. This 14 unit building is located in the Makiki area of the city, near the Manoa border. It is close to UH, Waikiki, military bases and downtown. The building was extensively rehabbed in 2006. 12 of 14 studios were remodeled at the same time. Income and expenses are based on 2014 data. Cap rate is approximately 5% at listing price. Gross rent multiplier of 13.95.
Details
  • Original list price$2,495,000
  • Days on market303
  • Building typeApartments
  • Address

    1804 Poki Street, Honolulu, HI, 96822

  • Year Built1924
  • NeighborhoodMakiki Area
  • Land tenureFS - Fee Simple
  • Land SqFt5897 sqft
  • ViewCity
Unit Information
  • # of 1 Bd0
  • # of 2 Bd0
  • # of 3 Bd0
  • Total Units14
Amenities & Features
  • StoriesTwo
  • FurnishedNone
  • RoofAsphalt Shingle
  • ConstructionDouble Wall
  • UtilitiesCable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
  • Property ConditionAverage
  • ParkingAssigned
  • nr.of parking places6
  • AmenitiesNone
Income
  • Total Actual Rent$177,169
  • Total Annual Operating Expenses$58,548
  • Total Income$179,169
  • Net Operating Income$120,621
Schools Nearby
-
Neighborhood - Makiki Area
  • Neighborhood average sales price*$388.18k
  • Neighborhood median sales price*$342k
  • Number or sales*141
Price history
Date Event Price $/sqft Source
2015-10-19 Rented $950 0 MLS 201518402
2015-10-07 New Listing rental $950 0 MLS 201518402
2015-11-17 Sold $2,250,000 0 Public Record
2015-09-01 In Escrow - still showing $2,495,000 0 MLS 201500916
2015-01-18 New Listing $2,495,000 0 MLS 201500916
2009-11-29 Expired $2,099,998 0 MLS 2818701
2009-06-17 Price Decrease $2,099,998 -0% 0 MLS 2818701
2008-11-28 New Listing $2,099,999 0 MLS 2818701
2007-06-06 Withdrawn $1,800,000 0 MLS 2700946
2007-02-01 Price Decrease $1,800,000 -7.69% 0 MLS 2700946
2007-01-08 New Listing $1,950,000 0 MLS 2700946
2007-01-08 Expired $1,950,000 0 MLS 2600509
2006-07-16 Price Decrease $1,950,000 -11.36% 0 MLS 2600509
2006-04-23 Price Decrease $2,200,000 -4.35% 0 MLS 2600509
2006-01-08 New Listing $1,950,000 0 MLS 2600509
2004-12-08 Expired $925,000 0 MLS 2316259
2004-04-08 In Escrow - not showing $925,000 0 MLS 2316259
2003-12-09 New Listing $925,000 0 MLS 2316259
Taxes
  • Current Property Taxes p/month$326
  • Property Tax Year2014
  • Assessed Improvement value$264,700
  • Assessed Land value$855,100
  • MLS #201500916
  • TMK1-2-4-023-018-0000
  • Land RecordedLand Court
  • Zoning12 - A-2 M
  • TopographyGentle Slope
  • LocationCorner
  • Lot DescriptionClear
  • Property SetbacksC&C
  • Total Assessed value$1,119,800
Agent viewpoints   of 1804 Poki Street, Honolulu, HI, 96822
Stunning views
Ocean views
Open floorplan
Needs Work
Street noise

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Hawaii House
Multi-Family Sold $2,250,000 $2,495,000 1804 Poki Street, Honolulu, HI, 96822 Remove from Saved Save House