| Description | Two story walk up apartment building. It will require some repair but is in excellent location. |
|---|---|
| Status | Sold since 07-24-2025 |
| MLS# | 202516843 |
| Price | $4,500,000 |
| Original Price | $4,200,000 |
| Price Change | $300,000 (7.14%) |
| Studio Units | 0 |
| One Bed Units | 18 |
| Two Bed Units | 0 |
| Three Bed Units | 0 |
| Living Sq Ft | 8,784 |
| Land Sq Ft | 11,560 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $0 |
| Address | 540 Iolani Avenue Honolulu HI 96813 |
| Region | Metro |
| Neighborhood | Punchbowl Area |
| Days on Market | 3 |
| Year Built | 1957 |
| Condition | Needs Major Repair |
| View | City, Ocean |
| Parking | Assigned |
| Zoning | 12 - A-2 Medium Density Apartme |
| Flood Zone | Zone X |
| Tax Amount | $671 |
| Assessed Land | $2,035,600 |
| Assessed Building | $258,900 |
| Assessed Total | $2,294,500 |
| Assessed Ratio | 196% |
| Utilities | Internet, Overhead Electricity, Public Water, Telephone, Water |
| Construction | Above Ground, Double Wall, Hollow Tile, Masonry/Stucco |
| Lot Features | Irregular |
| Disclosures | 1031 Exchange |
| Land Recorded | Regular System |
| Possession | At Closing |
| Sale Conditions | None |
| Topography | Gentle Slope |
| Roofing | Asphalt Shingle |
| Easements | None |
| Parcel # | 1-2-2-004-058-0000 |
| Listing courtesy of | Rein Hollar Realty |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 10-17-2025 | 202516843 | Sold | C | S | $4,500,000 | $4,000,000 | $2,294,500 | $2,035,600 | $258,900 |
| 07-27-2025 | 202516843 | Active Under Contract | A | C | $4,500,000 | $4,000,000 | $2,294,500 | $2,035,600 | $258,900 |
| 07-26-2025 | 202516843 | Price Increase | $4,200,000 | $4,500,000 | $4,500,000 | $4,000,000 | $2,294,500 | $2,035,600 | $258,900 |
| 07-25-2025 | 202516843 | New Listing | A | $4,500,000 | $4,000,000 | $2,294,500 | $2,035,600 | $258,900 | |
| 05-20-2012 | 1114393 | Expired | A | X | $3,500,000 | $0 | $2,266,500 | $1,687,800 | $578,700 |
| 12-07-2011 | 1114393 | New Listing | A | $3,500,000 | $0 | $2,266,500 | $1,687,800 | $578,700 | |
| 06-07-2006 | 2600162 | Sold | X | S | $3,295,000 | $3,000,000 | $1,322,400 | $848,900 | $473,500 |
| 06-04-2006 | 2600162 | Expired | P | X | $3,295,000 | $3,000,000 | $1,322,400 | $848,900 | $473,500 |
| 05-30-2006 | 2600162 | Pending | C | P | $3,295,000 | $3,000,000 | $1,322,400 | $848,900 | $473,500 |
| 02-15-2006 | 2600162 | Active Continue to Show | A | C | $3,295,000 | $3,000,000 | $1,322,400 | $848,900 | $473,500 |
| 01-03-2006 | 2600162 | New Listing | A | $3,295,000 | $3,000,000 | $1,322,400 | $848,900 | $473,500 | |
| 12-08-2005 | 2515175 | Withdrawn | A | W | $3,495,000 | $0 | $1,322,400 | $848,900 | $473,500 |
| 09-12-2005 | 2515175 | New Listing | A | $3,495,000 | $0 | $1,322,400 | $848,900 | $473,500 | |
| 10-10-2000 | 2007020 | Withdrawn | A | W | $999,000 | $0 | $1,215,800 | $763,000 | $452,800 |
| 08-11-2000 | 2007020 | Price Decrease | $1,425,000 | $999,000 | $999,000 | $0 | $1,215,800 | $763,000 | $452,800 |
| 07-27-2000 | 2007020 | New Listing | A | $999,000 | $0 | $1,215,800 | $763,000 | $452,800 |
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