1576 Pensacola St
Honolulu, HI 96822
Sold Price
$2,500,000 (FS)
List Price
$2,500,000 (FS)
- Property Type:
- Multi-Family
- Studio Units:
- 0
- 1-Bed Units:
- 0
- 2-Bed Units:
- 1
- 3-Bed Units:
- 2
- Land Area (sf):
- 10,858
- Living (sf):
- --
- Lanai (sf):
- --
- Other (sf):
- --
- Parking Stalls:
- 9 - Assigned
Sale Conditions:
Subject To Replacement Property
- MLS #:
- 202125316
- Island:
- Oahu
- Region:
- Metro Oahu
- Neighborhood:
- MAKIKI AREA
- TMK:
- 1-2-4-018-001-0000
- List Date:
- Date Sold:
REMARKS:
This 10, 858 sq ft of prime (A-2) Apartment zoned land in Makiki has a solid 2 story apartment building with a 3 bed
/ 2 bath upstairs as well as a 3/2 downstairs, 1, 320 sq ft of living space each, granite countertops in the kitchens and bathrooms, and painted concrete floors. The vintage corner 2/1 cottage (672 sq ft with address of 1580 Pensacola St) nestled under the iconic Makiki banyan tree makes for shady natural living. Each of the 3 units are separately metered for electricity, and each has their own laundry. This great location on the corner of Pensacola St and Wilder Ave is convenient to bus lines, Biki bikes, and just minutes to the freeway. You'll see that the back of the property on the Wilder Avenue side is bare and ready to be developed. Ask your architect about the massive development potential of a 10, 858 sq ft parcel within a medium density A-2 Apartment Zone especially given the provisions of the City's Bill 7, the State's 201H Housing Program, or to simply build an apartment building and maximize the standard entitlements. The units are tenant occupied. Please do not walk on the property nor disturb the tenants.
PROPERTY INFORMATION:
- Zoning:
- 12 - A-2 Medium Density Apartme
- Furnished:
- None
- Year Built:
- 1960
- Year Remodeled:
- 2007
FINANCIAL INFORMATION:
- Assd. Val. Land:
- $2,160,500
- Assd. Val. Imprv:
- $319,400
- Assd. Val. Total:
- $2,479,900
- Tax Year:
- 2020
- Monthly Taxes:
- $718
- Home Exempt.:
- --
SCHOOLS:
- Elem. School:
- Lincoln
- Middle School:
- Stevenson
- High School:
- Roosevelt
OTHER PROPERTY FEATURES:
- Frontage:
- Other
- View:
- Cemetery, City, Garden, Mountain
- Pool:
- --
- Amenities:
- A/C, Storage
- Inclusions:
- --
- Security:
- --
- Assn. Fee Inclusions:
- --
- Other Fee Inclusions:
- --
- Lot Description:
- Clear
- Topography:
- Gentle Slope
- Number of Stories:
- One, Two
- Building Style:
- --
- Property Condition:
- Above Average, Average
- Construction:
- Brick, Hollow Tile, Single Wall
- Roofing:
- Asphalt Shingle, Composition
- Floor Covering:
- --
- Disclosures:
- 1031 Exchange, Pet on Property, Relative of Licensee
- Possession:
- At Closing
- Terms Accept.:
- Cash, Conventional
- Land Recorded:
- Regular System
- Exclusions:
- --
- Easements:
- None
- Set-Backs:
- Of Record
- Compensation*:
- 2.0
- 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 Friday, April 26, 2024. Information is deemed
reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of eXp Realty