735 Birch St
Honolulu, HI 96814
Sold Price
$1,950,000 (FS)
List Price
$2,099,000 (FS)
- Property Type:
- Multi-Family
- Studio Units:
- 0
- 1-Bed Units:
- 1
- 2-Bed Units:
- 1
- 3-Bed Units:
- 1
- Land Area (sf):
- 6,008
- Living (sf):
- --
- Lanai (sf):
- --
- Other (sf):
- --
- Parking Stalls:
- 7 - Assigned
- MLS #:
- 202311374
- Island:
- Oahu
- Region:
- Metro Oahu
- Neighborhood:
- ALA MOANA
- TMK:
- 1-2-3-014-021-0000
- List Date:
- Date Sold:
REMARKS:
Great Opportunity to build a 30 unit rental building in a prime location near Ala Moana Center in the heart of urban Honolulu. WalkScore gives the property a 98/100 as there are so many stores, restaurants, and jobs nearby. The property has been approved by the sewer department for 30 units. Architectural renderings are for illustrative purposes only. Bill 7 encourages new multifamily development by offering huge fee waivers for water, sewer, permits, and 10 years of property tax abatement for a new building! The existing 3 unit apartment building features a 3 bedroom 2 bath on the ground floor and on the second floor there is 2 bedroom, 2 bath and a 1 bedroom, 1 bath. Each unit is separately metered for electric and water and has its own washer and dryer. There is a total of 7 parking stalls. Depending on the layout of the new building, it is possible to increase the number of parking stalls.
PROPERTY INFORMATION:
- Zoning:
- 12 - A-2 Medium Density Apartme
- Furnished:
- --
- Year Built:
- 1990
- Year Remodeled:
- 2004
FINANCIAL INFORMATION:
- Assd. Val. Land:
- $1,532,000
- Assd. Val. Imprv:
- $347,900
- Assd. Val. Total:
- $1,879,900
- Tax Year:
- 2023
- Monthly Taxes:
- $548
- Home Exempt.:
- --
SCHOOLS:
- Elem. School:
- --
- Middle School:
- --
- High School:
- --
OTHER PROPERTY FEATURES:
- Frontage:
- --
- View:
- None
- Pool:
- --
- Amenities:
- A/C
- Inclusions:
- --
- Security:
- --
- Assn. Fee Inclusions:
- --
- Other Fee Inclusions:
- --
- Lot Description:
- Clear
- Topography:
- Level
- Number of Stories:
- Two
- Building Style:
- --
- Property Condition:
- Above Average
- Construction:
- Above Ground, Double Wall, Hollow Tile, Wood Frame
- Roofing:
- Composition
- Floor Covering:
- --
- Disclosures:
- 1031 Exchange, Licensed Owner, Listor Owner
- Possession:
- At Closing, Subject To Tenancy
- Terms Accept.:
- Cash, Conventional, 1031 Exchange
- Land Recorded:
- Land Court
- Exclusions:
- --
- Easements:
- None
- Set-Backs:
- C&C
- Compensation*:
- 2.25
- Compensation Type:
- --
* The offer of compensation to cooperating brokers is made only to the Participants and MLS Subscribers of HICMLS or Participants and MLS Subscribers of other Reciprocating
Boards as set forth in that certain Multiple Listing Service Reciprocal Agreement, as amended from time to time, which is incorporated herein by reference.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Saturday, May 18, 2024. Information is deemed
reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of Sunwide Properties