1735 Young St

1735 Young St
Honolulu, HI 96826

For Sale

Sold

Sold Price

$8,137,500 (FS)

List Price

$8,250,000 (FS)

Property Type:: Multi-Family
Studio Units:: 0
1-Bed Units:: 12
2-Bed Units:: 13
3-Bed Units:: 0

Land Area (sf):: 11,392
Living (sf):: --
Lanai (sf):: --
Other (sf):: --

Parking Stalls:: 19 - Assigned, Covered, Open, Tandem

MLS #:: 202129560
Island:: Oahu
Region:: Metro Oahu
Neighborhood:: MOILIILI
TMK:: 1-2-8-001-067-0000

List Date:: November 23, 2021
Date Sold:: February 16, 2022

REMARKS:

First time on the market for sale. Built to last, all concrete/CMU buildings in very good condition, owned and maintained by one family. Solid income property, currently below market rent with upside potential in one of Honolulu's up and coming mixed business neighborhoods where highest and best use redevelopment is possible. The Wong Lum Apartments are comprised of 2 separate three-story walk-up apartment buildings, consisting of 13-two bedroom units and 12-one bedroom units situated on AMX-2 zoned land totaling approximately 11, 392 square feet. Community coin laundry located on the ground floor at the back of each building. Stable long-term tenant mix, easy to rent, located in a prime business and residential area allowing for convenience to retail establishments, public transportation, schools, hospitals, parks and recreation. This offering presents a unique opportunity for value-add investors and/or developers looking to acquire a strong income producing property for further redevelopment options in the future.

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PROPERTY INFORMATION:

Zoning:: 17 - AMX-2 Medium Density Apt M
Furnished:: Partial

Year Built:: 1959
Year Remodeled:: 1970

FINANCIAL INFORMATION:

Assd. Val. Land:: $2,350,600
Assd. Val. Imprv:: $1,291,400
Assd. Val. Total:: $3,642,000

Tax Year:: 2020
Monthly Taxes:: $1,074
Home Exempt.:: --

SCHOOLS:

Elem. School:: Lunalilo
Middle School:: Washington
High School:: Mckinley

OTHER PROPERTY FEATURES:

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

Lot Description:: Clear
Topography:: Level
Number of Stories:: Three
Building Style:: --
Property Condition:: Above Average
Construction:: Above Ground, Concrete, Hollow Tile, Slab
Roofing:: Other
Floor Covering:: --

Disclosures:: None
Possession:: At Closing, Subject To Tenancy
Terms Accept.:: Cash, Conventional, 1031 Exchange, Open
Land Recorded:: Land Court

Exclusions:: --
Easements:: None
Set-Backs:: C&C

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Wednesday, October 23, 2024. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of Honolulu Property Advisors LLC