INCREDIBLE CASHFLOW OPPORTUNITY IN WAIKIKI priced at only $150,000 per unit. 18 solid concrete renovated units with 18 parking stalls on a total of 12,914 SF of land in world-famous Waikiki. The property has no trouble staying rented, and Waikiki typically has higher rent appreciation than other neighborhoods due to the year-round global demand. This property is leasehold with 40 years remaining on the ground lease and 15 years of known rent, making it financeable and eligible for a 1031 exchange. Ideal for a buyer looking to achieve a great return on their money for at least the next 40 years. Separately metered for electricity and tenants are billed back for water.
Property Details
Property Features
Property Information:
Year Built: 1949
Listing Office:
Office Name: Standard Management LLC
Office Phone: (808) 208-8107
Agent Phone: (808) 208-8107
Exterior Features
Exterior Information:
Waterfront: Other
View: Other
Exterior: A/C, Secured Lobby
Parking Information:
Parking: Assigned
School Info
Assigned Schools Information:
Kaimuki High School, Public District Grades 9-12
Anuenue School, Public District Grades PK-12
President George Washington Middle School, Public District Grades 6-8
President Thomas Jefferson Elementary School, Public District Grades PK-5
Price Information
Listing Price Info
Price Summary:
List Price: $2,700,000
Tax Information:
Annual Amount: $7,038
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Honolulu, HI.
This property is $2.0M more than the Median Sold Price in Honolulu, HI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Number: #202408267
Listing Office:
Office Name: Standard Management LLC
Office Phone: (808) 208-8107
Agent Phone: (808) 208-8107
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd.
Some of the 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 9/20/2024, 8:21:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jan 15, 2016
Jan 15, 2016Home Sold
$2,059,874
Jun 14, 2011
Jun 14, 2011Home Sold
$2,600,000
Dec 24, 2008
Dec 24, 2008Home Sold
$720,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$7,038
$2,132,700
2020
$7,037
$2,010,800
2019
$6,717
$1,949,900
2018
$6,718
$1,919,400
2017
$6,398
$1,828,000
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
7
/10
President Thomas Jefferson Elementary School
324 Kapahulu Ave
Distance between this listing and this school1.51 miles
Public District Grades PK-5
Middle School
6
/10
President George Washington Middle School
1633 S King St
Distance between this listing and this school0.69 miles
Public District Grades 6-8
High School
2
/10
Kaimuki High School
2705 Kaimuki Ave
Distance between this listing and this school1.36 miles
Public District Grades 9-12
9
/10
Anuenue School
2528 10th Ave
Distance between this listing and this school3.34 miles
Public District Grades PK-12
Assigned Schools
7
/10
President Thomas Jefferson Elementary School
324 Kapahulu Ave
Distance between this listing and this school1.51 miles
Public District Grades PK-5
Nearby Schools
5
/10
King William Lunalilo Elementary School
810 Pumehana St
Distance between this listing and this school0.54 miles
Public District Grades PK-5
2
/10
Ala Wai Elementary School
503 Kamoku St
Distance between this listing and this school0.70 miles
Public District Grades PK-5
Assigned Schools
6
/10
President George Washington Middle School
1633 S King St
Distance between this listing and this school0.69 miles
Public District Grades 6-8
Nearby Schools
5
/10
Robert Louis Stevenson Middle School
1202 Prospect St
Distance between this listing and this school1.68 miles
Public District Grades 6-8
6
/10
Voyager - A Public Charter School
670 Auahi St
Distance between this listing and this school1.70 miles
Public Charter Grades KG-8
Assigned Schools
2
/10
Kaimuki High School
2705 Kaimuki Ave
Distance between this listing and this school1.36 miles
Public District Grades 9-12
9
/10
Anuenue School
2528 10th Ave
Distance between this listing and this school3.34 miles
Public District Grades PK-12
Nearby Schools
3
/10
President William Mckinley High School
1039 S King St
Distance between this listing and this school1.10 miles
The neighbors living near this home have an average income of $58,681. Typical income of Honolulu, HI residents is between $35k-100k annually. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.
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This home is located at 331 Hobron Ln in Honolulu, HI and zip code 96815 in the Waikiki neighborhood. This home was built in 1949. It has been listed on Rocket Homes since April 15, 2024 and is currently priced at $2,700,000.
Honolulu, HI housing market in August 2024 saw over 48 listings sold above listed price, more than 56 sold at listed price and over 154 sold below. The number of homes for sale in Honolulu, HI increased by 9.2% between July 2024 and August 2024.
From Rocket Homes Real Estate and based on county public records data.