| Description | 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. |
|---|---|
| Status | Sold since 02-26-2025 |
| MLS# | 202505617 |
| Price | $2,800,000 |
| Original Price | $2,900,000 |
| Price Change | $-100,000 (-3.45%) |
| Studio Units | 0 |
| One Bed Units | 6 |
| Two Bed Units | 4 |
| Three Bed Units | 0 |
| Living Sq Ft | 5,088 |
| Land Sq Ft | 7,921 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $0 |
| Address | 1240 Young Street Honolulu HI 96814 |
| Region | Metro |
| Neighborhood | Makiki Area |
| Days on Market | 47 |
| Year Built | 1961 |
| Year Remodeled | 2024 |
| Condition | Excellent |
| View | None |
| Frontage | Other |
| Parking | Assigned |
| Zoning | 33 - BMX-3 Community Business M |
| Flood Zone | Zone X |
| Tax Amount | $657 |
| Assessed Land | $2,253,500 |
| Assessed Building | $240,100 |
| Assessed Total | $2,493,600 |
| Assessed Ratio | 112% |
| Utilities | Cable, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water |
| Construction | Hollow Tile |
| Lot Features | Clear |
| Disclosures | 1031 Exchange |
| Land Recorded | Regular System |
| Possession | At Closing, Subject To Tenancy |
| Sale Conditions | None |
| Topography | Level |
| Roofing | Other |
| Easements | None |
| Parcel # | 1-2-4-004-084-0000 |
| Listing courtesy of | Commercial Inv. Strategies |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 05-26-2025 | 202505617 | Sold | C | S | $2,800,000 | $2,650,000 | $2,493,600 | $2,253,500 | $240,100 |
| 04-14-2025 | 202505617 | Active Under Contract | A | C | $2,800,000 | $2,650,000 | $2,493,600 | $2,253,500 | $240,100 |
| 03-18-2025 | 202505617 | Price Decrease | $2,900,000 | $2,800,000 | $2,800,000 | $2,650,000 | $2,493,600 | $2,253,500 | $240,100 |
| 02-26-2025 | 202505617 | New Listing | A | $2,800,000 | $2,650,000 | $2,493,600 | $2,253,500 | $240,100 |
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