1841 Palolo Ave #A

1841 Palolo Ave #A
Honolulu, HI 96816

For Sale

Sold

Sold Price

$5,220,000 (FS)

List Price

$5,395,000 (FS)

Property Type:: Multi-Family
Studio Units:: 0
1-Bed Units:: 9
2-Bed Units:: 9
3-Bed Units:: 0

Land Area (sf):: 12,480
Living (sf):: --
Lanai (sf):: --
Other (sf):: --

Parking Stalls:: 18 - Assigned

MLS #:: 201713302
Island:: Oahu
Region:: Diamond Head
Neighborhood:: PALOLO
TMK:: 1-3-3-039-007-0000

List Date:: June 15, 2017
Date Sold:: January 26, 2018

REMARKS:

Beautifully renovated turn-key building with brand new exterior, incl. roof, paint, and asphalt, and more! Hollow tile apartment opportunity in desirable area with few comparable buildings and an established, stable rental pool. Tenants pay H2O, gas & electric. Actual income returns 4%. Market rents are $1650 for ones, $1850 for twos, but not a lot of comps because the area is mostly single family houses. Pro forma analysis uses super conservative rents to produce $336, 600/year.

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PROPERTY INFORMATION:

Zoning:: 5 - R-5 Residential
Furnished:: Partial

Year Built:: 1969
Year Remodeled:: 2016

FINANCIAL INFORMATION:

Assd. Val. Land:: $1,747,200
Assd. Val. Imprv:: $960,500
Assd. Val. Total:: $2,707,700

Tax Year:: 2016
Monthly Taxes:: $790
Home Exempt.:: --

SCHOOLS:

Elem. School:: --
Middle School:: --
High School:: --

OTHER PROPERTY FEATURES:

Frontage:: Other
View:: City, Mountain, Ocean
Pool:: --
Amenities:: None
Inclusions:: --
Security:: --
Assn. Fee Inclusions:: --
Other Fee Inclusions:: --

Lot Description:: Flag Lot
Topography:: Level
Number of Stories:: Three
Building Style:: --
Property Condition:: Excellent
Construction:: Concrete, Hollow Tile
Roofing:: Custom/Specialty
Floor Covering:: --

Disclosures:: 1031 Exchange, Licensed Owner
Possession:: At Closing, Subject To Tenancy
Terms Accept.:: Cash, Conventional, 1031 Exchange
Land Recorded:: Regular System

Exclusions:: --
Easements:: Other
Set-Backs:: None

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Friday, July 4, 2025. Information is deemed reliable but not guaranteed. Copyright: 2025 by HiCentral MLS, Ltd. Listing courtesy of Commercial Inv. Strategies