| Description | Have you been looking for an established apartment building with overflowing investment potential and an unparalleled location? You’re in luck! This 42-unit apartment building is perfectly situated in the coveted historic neighborhood of Moiliili close to many restaurants, stores, schools, Kapiolani Medical Center (0.6-miles), Ala Moana Center (0.9-miles), University of Hawaii at Manoa (1.1-miles), and Downtown Honolulu (2.1-miles). Equipped with a gated lower-level parking lot and an upper-level parking lot, this building features 42 1BR/1BA units, 1:1 parking ratio, solid concrete construction, keyed elevator, trash chutes on each level, and a secured community laundry room with 4 washers and 4 dryers. Other considerations include separate electric meters, lovely views, loading zone area, and much more! Call now to find out more about adding this building to your investment portfolio! NOI is actual with many under market rent units. Please contact Listor with additional questions and interior showings will be subjected to accepted offer. Please submit offers on the Commercial Purchase and Sale Agreement form. DO NOT DISTURB tenants. |
|---|---|
| Status | Active since 02-20-2024 |
| MLS# | 202403902 |
| Price | $14,000,000 |
| Original Price | $14,000,000 |
| Price Change | (0.00%) |
| Studio Units | 0 |
| One Bed Units | 42 |
| Two Bed Units | 0 |
| Three Bed Units | 0 |
| Land Sq Ft | 13,900 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $0 |
| Address | 1650 Young Street Honolulu HI 96826 |
| Region | Metro |
| Neighborhood | Moiliili |
| Days on Market | 950 |
| Year Built | 1973 |
| Condition | Above Average |
| View | City, Mountain |
| Parking | Assigned, Covered, Open |
| Zoning | 17 - AMX-2 Medium Density Apt M |
| Flood Zone | Zone X |
| Tax Amount | $1,672 |
| Assessed Land | $3,210,600 |
| Assessed Building | $2,519,600 |
| Assessed Total | $5,730,200 |
| Assessed Ratio | 244% |
| Utilities | Cable, Gas, Internet, Overhead Electricity, Public Water, Telephone, Water |
| Construction | Concrete |
| Lot Features | Clear |
| Disclosures | None |
| Land Recorded | Regular System |
| Possession | At Closing |
| Sale Conditions | None |
| Topography | Level |
| Roofing | Other |
| Easements | None |
| Parcel # | 1-2-8-001-037-0000 |
| Listing courtesy of | Real Estate Specialists |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 02-20-2024 | 202403902 | New Listing | A | $14,000,000 | $0 | $5,730,200 | $3,210,600 | $2,519,600 | |
| 05-13-2012 | 1105996 | Expired | A | X | $9,300,000 | $0 | $4,554,000 | $2,169,200 | $2,384,800 |
| 05-17-2011 | 1105996 | New Listing | A | $9,300,000 | $0 | $4,554,000 | $2,169,200 | $2,384,800 | |
| 05-01-2011 | 1005887 | Expired | C | X | $9,300,000 | $0 | $4,731,800 | $2,321,300 | $2,410,500 |
| 03-08-2011 | 1005887 | Active Continue to Show | A | C | $9,300,000 | $0 | $4,731,800 | $2,321,300 | $2,410,500 |
| 05-03-2010 | 1005887 | New Listing | A | $9,300,000 | $0 | $4,731,800 | $2,321,300 | $2,410,500 | |
| 03-20-2010 | 2904022 | Expired | A | X | $9,500,000 | $0 | $2,307,860 | $2,293,500 | $14,360 |
| 09-11-2007 | 2716687 | New Listing | A | $9,900,000 | $0 | $4,279,900 | $2,085,000 | $2,194,900 | |
| 08-25-2007 | 2616057 | Expired | A | X | $10,500,000 | $0 | $3,852,000 | $1,807,000 | $2,045,000 |
| 08-28-2006 | 2616057 | New Listing | A | $10,500,000 | $0 | $3,852,000 | $1,807,000 | $2,045,000 |
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