| Description | Rare Opportunity –40-Unit Apt Bldg in Salt Lake. Attractive 6 story trophy building to add to your investment portfolio! Building is a solid CMU and concrete structure, offering durability & low maintenance. The property features a keyed elevator for added convenience and ample 49 parking stalls. 100% leased but Rents under market with lots of development potential. 20– one bdrm; 20– two bdrm units. All units large in size w/lanais. Mgmt office on ground floor w/full bathroom. Coin operated laundry facility on each floor. Large storage room on pkg level as well as multiple storage rooms throughout building. Ideally situated near schools, shopping centers, freeway access, & public transportation, ensuring strong tenant demand. Original but maintained property in a high-demand rental market! Sold in Existing AS IS Condition. Buyer to conduct own Due Diligence. Do not disturb tenants, knock on doors nor park on property. Please contact Listor with additional questions. Must sign NDA for financials. Call for Offers Deadline, March 21, 2025, Friday at Noon. PSA must include verification of cash funds &/ Commercial lender preapproval. |
|---|---|
| Status | Sold since 03-10-2025 |
| MLS# | 202506287 |
| Price | $11,000,000 |
| Original Price | $11,000,000 |
| Price Change | (0.00%) |
| Studio Units | 0 |
| One Bed Units | 20 |
| Two Bed Units | 20 |
| Three Bed Units | 0 |
| Living Sq Ft | 34,312 |
| Land Sq Ft | 22,494 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $0 |
| Address | 1055 Ala Napunani Street Honolulu HI 96818 |
| Region | Metro |
| Neighborhood | Salt Lake |
| Days on Market | 13 |
| Year Built | 1971 |
| Condition | Above Average |
| View | Mountain, Other |
| Frontage | Other |
| Parking | Assigned, Covered, Open |
| Zoning | 12 - A-2 Medium Density Apartme |
| Flood Zone | Zone X |
| Elementary | Moanalua |
| Middle | Moanalua |
| High | Moanalua |
| Tax Amount | $1,561 |
| Assessed Land | $3,061,900 |
| Assessed Building | $2,299,600 |
| Assessed Total | $5,361,500 |
| Assessed Ratio | 205% |
| Utilities | Gas, Other, Public Water, Underground Electricity |
| Construction | Concrete, Hollow Tile, Slab |
| Lot Features | Clear |
| Disclosures | See Remarks |
| Land Recorded | Land Court |
| Possession | At Closing |
| Sale Conditions | None |
| Topography | Gentle Slope, Level |
| Roofing | Other |
| Easements | None |
| Parcel # | 1-1-1-062-047-0000 |
| Listing courtesy of | Luxury Homes International |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 05-27-2025 | 202506287 | Sold | C | S | $11,000,000 | $11,500,000 | $5,361,500 | $3,061,900 | $2,299,600 |
| 03-23-2025 | 202506287 | Active Under Contract | A | C | $11,000,000 | $11,500,000 | $5,361,500 | $3,061,900 | $2,299,600 |
| 03-10-2025 | 202506287 | New Listing | A | $11,000,000 | $11,500,000 | $5,361,500 | $3,061,900 | $2,299,600 |
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