| Description | Turnkey Bill 7 development vacant lot with plans that were approved. All the due diligence has been done, and the existing plans were cleared for 37 units (17 studios, 15 two/ones, 5 two/twos, 13 parking. Projected 80% AMI Pro Forma Gross Income of $1,023,680 (for 10 year tax exemption). Due diligence package includes: Approved Full Set Building Plans (renewed once, to be renewed again by Buyer), Electrical Site Plan, Building Renderings (interior w unit types & exterior), Building Permit Approvals, Sewer Connection Approval, Trenching Permit, Geotechnical Reports, Phase 1 Report, Survey and ALTA Survey, Waste Water Waiver, DPP Certification of Affordable Dwellings, and more! |
|---|---|
| Status | Sold since 01-08-2025 |
| MLS# | 202501542 |
| Price | $2,100,000 |
| Original Price | $2,100,000 |
| Price Change | (0.00%) |
| Studio Units | 17 |
| One Bed Units | 0 |
| Two Bed Units | 20 |
| Three Bed Units | 0 |
| Living Sq Ft | 27,456 |
| Land Sq Ft | 7,800 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $0 |
| Address | 1525 Liholiho Street Honolulu HI 96822 |
| Region | Metro |
| Neighborhood | Makiki Area |
| Days on Market | 10 |
| Year Built | 0 |
| Condition | Excellent |
| View | City |
| Frontage | Other |
| Parking | Covered |
| Zoning | 12 - A-2 Medium Density Apartme |
| Flood Zone | Zone X |
| Tax Amount | $528 |
| Assessed Land | $1,810,500 |
| Assessed Total | $1,810,500 |
| Assessed Ratio | 116% |
| Utilities | Cable, Gas, Internet, Public Water, Sewer Connection Reqd, Telephone, Underground Electricity, Water |
| Construction | Masonry/Stucco |
| Lot Features | Clear |
| Disclosures | 1031 Exchange, Licensed Owner |
| Land Recorded | Land Court |
| Possession | At Closing |
| Sale Conditions | None |
| Topography | Level |
| Roofing | Other |
| Easements | None |
| Parcel # | 1-2-4-020-029-0000 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| 07-08-2025 | 202501542 | Sold | C | S | $2,100,000 | $1,850,000 | $1,810,500 | $1,810,500 | $0 |
| 01-18-2025 | 202501542 | Active Under Contract | A | C | $2,100,000 | $1,850,000 | $1,810,500 | $1,810,500 | $0 |
| 01-08-2025 | 202501542 | New Listing | A | $2,100,000 | $1,850,000 | $1,810,500 | $1,810,500 | $0 | |
| 02-11-2020 | 202000008 | Withdrawn | A | W | $1,600,000 | $0 | $1,774,400 | $1,633,000 | $141,400 |
| 01-01-2020 | 202000008 | $1,600,000 | $1,600,000 | $0 | $1,774,400 | $1,633,000 | $141,400 | ||
| 01-01-2020 | 202000008 | New Listing | A | $1,600,000 | $0 | $1,774,400 | $1,633,000 | $141,400 |
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