1 month on rocket

331 Hobron Ln, Honolulu, HI, 96815

$2,700,000

0 Baths
Multi
Schools Nearby

Location

Image provided by Mapbox

Property Highlights

Home TypeMulti Family
ParkingAssigned
Year Built1949
WaterfrontOther
ViewOther
MLS #202408267
StatusActive

About 331 Hobron Ln

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.

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Honolulu, HI

City

Med. Sold Price

$652K

Med. Price/SqFt

$706

# of Sold Homes

308

331 Hobron Ln vs Honolulu

46 DAYS ON ROCKET

$2,700,000

+$2.0M More

KEY TAKEAWAY

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: 6/1/2024, 3:20:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 15, 2016Home Sold
$2,059,874
Jun 14, 2011Home Sold
$2,600,000
Dec 24, 2008Home Sold
$720,000

Tax History

YEARPROP. TAXASSESSMENT
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.

Payment Calculator

$13.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$8,161

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NMLS#3030

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

school-card-donut-6047311
7
/10

  • President Thomas Jefferson Elementary School

  • 324 Kapahulu Ave

  • 1.51 miles

  • Public District Grades PK-5

Middle School

school-card-donut-6047312
6
/10

  • President George Washington Middle School

  • 1633 S King St

  • 0.69 miles

  • Public District Grades 6-8

High School

school-card-donut-6047313
2
/10

  • Kaimuki High School

  • 2705 Kaimuki Ave

  • 1.36 miles

  • Public District Grades 9-12

school-card-donut-6047314
9
/10

  • Anuenue School

  • 2528 10th Ave

  • 3.34 miles

  • Public District Grades PK-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $58,681. The most common annual income of people living in Honolulu, HI is between $35k-100k. Typical family type is single, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

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Rocket Homes›Hawaii›Honolulu County›Honolulu›96815›331 Hobron Ln

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 April 2024 saw over 53 listings sold above listed price, more than 68 sold at listed price and over 187 sold below. In April 2024 in Honolulu, HI there were 11.3% more homes for sale than in March 2024.

From Rocket Homes Real Estate and based on county public records data.

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