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SOLD
MLS: 202324067
 
Asking Price: $1,888,000 FS - Fee Simple
Sold Price: $1,825,000
Sold Date: 06/25/2024
Type: Multi-Family
District: Metro
Address: 821 Olokele Avenue, Honolulu, HI
Neighborhood: Kapahulu
Land Area: 6,000 SF
Parking: Assigned,Covered
Days on Market: 400
Year Built: 1939
Zoning: 12 - A-2 Medium Density Apartm
Land Recorded: Regular System
Property Taxes: $482,.62
Assessed Value: $1,654,700,.00
Assessed Ratio: 114.1%
Listing Courtesy: Commercial Inv. Strategies
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Super desirable central location close to beach, Waikiki, UH Manoa, and Ala Moana with 4 one-bedrooms in front two-story building (built in 1957) and 1 three-bedroom house (built in 1939) and 1:1 covered parking. All units separately metered for electric (no master meter), one water meter with very low expenses, currently self-managed. Seasoned tenant pool—this area is a tenant favorite(!)—and room for improving rents as all tenants are MTM. Laundry machines owned by tenants. Improvements include: 2 new roofs, copper plumbing inside all units, upgraded electric panels, house and Unit A : most electric rewired.


 
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