Metro Home For Sale: 1240 Young, Metro, in Oahu

MLS: 202505623 (Active - For Sale)

Asking Price: $2,800,000 FS - Fee Simple
Type: Commercial
District: Metro
Address: 1240 Young Street, Honolulu, HI
Neighborhood: Makiki Area
Beds: 0 Land Area: 7,921 SF
Parking: Assigned
Days on Market: 35
(The Price of the property was lowered by $100,000 on 03/18/2025)
Year Built: 1961
Zoning: 33 - BMX-3 Community Business M
Land Recorded: Regular System
Property Taxes: $657
Assessed Value: $2,493,600
Assessed Ratio: 112.29%
Listing Courtesy: Commercial Inv. Strategies

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COMMERCIAL LISTING. BMX-3 Zoned with residential use exemption makes this property super desirable for its many possible uses. Owners never thought they'd sell, so have kept the building in top shape with low rents to eliminate vacancies. 10 units: 6 ones, 4 twos, 7 parking & 100% occupancy. Super clean, upgraded interiors. All but one unit is renovated. Hollow tile construction, nice private grass yard common area, and excellent location make this property easy to "manage up": charge for parking, install coin laundry, and increase the rent to market rates. All units have laundry hookups; all machines owned by tenants. Buyer to accept existing survey performed by Walter Thompson Inc November 1, 2000.

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