1126 3rd Ave
Honolulu, HI 96816
Sold Price
$2,425,000 (FS)
List Price
$2,700,000 (FS)
- Property Type:
- Multi-Family
- Studio Units:
- 9
- 1-Bed Units:
- 3
- 2-Bed Units:
- 1
- 3-Bed Units:
- 1
- Land Area (sf):
- 15,000
- Living (sf):
- --
- Lanai (sf):
- --
- Other (sf):
- --
- Parking Stalls:
- 17 - Assigned, Covered, Open
- MLS #:
- 202306339
- Island:
- Oahu
- Region:
- Diamond Head
- Neighborhood:
- KAIMUKI
- TMK:
- 1-3-2-001-036-0000
- List Date:
- Date Sold:
REMARKS:
Rare investment opportunity in popular Kaimuki offering a unique combination of a duplex, a triplex, and a two story large dwelling containing 7 rented rooms + 2 rental apartments underneath. 17 parking stalls is a huge bonus value. Property is 15, 000 sq.ft. R-3.5 fee simple. Good net income and nearly 0% vacancy (past 18 years of management by listor).
Largest dwelling has 7 rented rooms, a large common kitchen, high ceilings and community storage underneath. 3 rooms have complete bathrooms inside the rooms, one has a half bath, and three share the two common toilet rooms/one shower stall room. All rooms have individual refrigerators and sinks. Under this building are two apartments (studio and one bedroom). The two additional buildings contain 1 studio, 2 one bedroom apartments, 1 two bedroom apartment, and 1 three bedroom apartment. 2 washers/2 dryers in coin operated laundry room. 2 electric meters/6 gas meters.
Remodeling the front dwelling to be an owner/occupant home for the buyer would create a 2nd triplex and more lending options. 7 apartment rentals would remain for income.
Three generations of the same family have enjoyed ownership the past 78 years.
PROPERTY INFORMATION:
- Zoning:
- 7 - R-3.5 Residential
- Furnished:
- Partial
- Year Built:
- 1931
- Year Remodeled:
- 2020
FINANCIAL INFORMATION:
- Assd. Val. Land:
- $1,750,000
- Assd. Val. Imprv:
- $623,200
- Assd. Val. Total:
- $2,373,200
- Tax Year:
- 2022
- Monthly Taxes:
- $692
- Home Exempt.:
- --
SCHOOLS:
- Elem. School:
- --
- Middle School:
- --
- High School:
- --
OTHER PROPERTY FEATURES:
- Frontage:
- Other
- View:
- Garden
- Pool:
- --
- Amenities:
- A/C, Storage
- Inclusions:
- --
- Security:
- --
- Assn. Fee Inclusions:
- --
- Other Fee Inclusions:
- --
- Lot Description:
- Clear
- Topography:
- Down Slope, Gentle Slope
- Number of Stories:
- One, Two
- Building Style:
- --
- Property Condition:
- Above Average
- Construction:
- Single Wall, Slab, Wood Frame
- Roofing:
- Asphalt Shingle
- Floor Covering:
- --
- Disclosures:
- Pet on Property, Property Disclosure Stmt
- Possession:
- Subject To Tenancy
- Terms Accept.:
- Cash, Conventional
- Land Recorded:
- Land Court
- Exclusions:
- --
- Easements:
- None
- Set-Backs:
- C&C
- Compensation*:
- 2.5
- 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, May 17, 2024. Information is deemed
reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of Sue Young