2016 Kapiolani Blvd
Honolulu, HI 96826

For Sale
In Escrow
List Price
$5,500,000 (FS)
Property Type:
Multi-Family
Studio Units:
12
1-Bed Units:
10
2-Bed Units:
0
3-Bed Units:
0
Land Area (sf):
10,000
Living (sf):
--
Lanai (sf):
--
Other (sf):
--
Parking Stalls:
6 - Open
MLS #:
202211079
Island:
Oahu
Region:
Metro Oahu
Neighborhood:
MOILIILI
TMK:
1-2-7-003-006-0000
List Date:

REMARKS:

Location, location, location: blocks from Ala Moana, UH Manoa, and Waikiki, Don’t miss this once in a lifetime opportunity to own a super desirable, centrally located, two- building property with 22 units. Unit mix: 12 studios and 10 one-bedrooms with a shared driveway to be sold as a package with 2 identical buildings with TWO TMKs on Kapiolani Blvd: 1-2-7-003-006 & 1-2-7-003-061 each consisting of 5, 000sf lots with interiors of 3, 828sf each. Separately metered electricity, and gas and two water meters. Value-add opportunity with excellent potential upside as rents are below market with some vacant units. Financials show noted here are pro forma ONLY. To be sold as is, where is.

PROPERTY INFORMATION:

Zoning:
12 - A-2 Medium Density Apartme
Furnished:
Partial
Year Built:
1958
Year Remodeled:
--

FINANCIAL INFORMATION:

Assd. Val. Land:
$2,400,000
Assd. Val. Imprv:
$315,000
Assd. Val. Total:
$2,715,000
Tax Year:
2022
Monthly Taxes:
$9,238
Home Exempt.:
--

SCHOOLS:

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

OTHER PROPERTY FEATURES:

Frontage:
Other
View:
None
Pool:
--
Amenities:
None
Inclusions:
--
Security:
--
Assn. Fee Inclusions:
--
Other Fee Inclusions:
--
Lot Description:
Clear
Topography:
Level
Number of Stories:
Two
Building Style:
--
Property Condition:
Needs Major Repair
Construction:
Brick, Masonry/Stucco
Roofing:
Custom/Specialty
Floor Covering:
--
Disclosures:
1031 Exchange
Possession:
At Closing, Subject To Tenancy
Terms Accept.:
Cash, Conventional, Exchange
Land Recorded:
Land Court
Exclusions:
--
Easements:
None
Set-Backs:
C&C
Compensation*:
2.25%

* 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 Monday, August 8, 2022.  Information is deemed reliable but not guaranteed.  Copyright: 2022 by HiCentral MLS, Ltd.  Listing courtesy of Commercial Inv. Strategies