1662 Lewalani Dr
Honolulu, HI 96822
Sold Price
$4,150,000 (FS)
List Price
$4,390,000 (FS)
- Property Type:
- Multi-Family
- Studio Units:
- 0
- 1-Bed Units:
- 6
- 2-Bed Units:
- 6
- 3-Bed Units:
- 0
- Land Area (sf):
- 8,736
- Living (sf):
- --
- Lanai (sf):
- --
- Other (sf):
- --
- Parking Stalls:
- 10 - Assigned
- MLS #:
- 202311027
- Island:
- Oahu
- Region:
- Metro Oahu
- Neighborhood:
- MAKIKI
- TMK:
- 1-2-4-030-033-0000
- List Date:
- Date Sold:
REMARKS:
100% leased 12-unit apartment building in a well-located part of Makiki. Excellent stabilized cash flow
opportunity which is turnkey for an investor. The property underwent a major renovation in 2020 including new
quartz countertops, cabinets, vanities, lights, ceiling fans, LVT flooring, interior paint, tiled showers*, stainless
steel microwaves and gas ranges/ovens, washer dryers, and low flow water fixtures. In addition, the driveway
and parking lot was repaved with new asphalt and concrete in some areas, as well as updated landscaping to the
property. Roof re-coated and resealed in 2022!
INVESTMENT HIGHLIGHTS
- Renovated units with luxury finishes
- Excellent unit mix
- CMU construction
- Large Units
- Electricity & Gas are separately metered
- All units have their own washer/dryer
- 10 on-site parking spaces
- In-place 4.9% CAP rate
PROPERTY INFORMATION:
- Zoning:
- 12 - A-2 Medium Density Apartme
- Furnished:
- --
- Year Built:
- 1966
- Year Remodeled:
- 2002
FINANCIAL INFORMATION:
- Assd. Val. Land:
- $1,790,600
- Assd. Val. Imprv:
- $849,400
- Assd. Val. Total:
- $2,640,000
- Tax Year:
- 2023
- Monthly Taxes:
- $744
- Home Exempt.:
- --
SCHOOLS:
- Elem. School:
- Lincoln
- Middle School:
- Stevenson
- High School:
- Roosevelt
OTHER PROPERTY FEATURES:
- Frontage:
- --
- View:
- None
- Pool:
- --
- Amenities:
- Secured Lobby
- Inclusions:
- --
- Security:
- --
- Assn. Fee Inclusions:
- --
- Other Fee Inclusions:
- --
- Lot Description:
- Clear, Other
- Topography:
- Gentle Slope, Level
- Number of Stories:
- Three
- Building Style:
- --
- Property Condition:
- Above Average
- Construction:
- Hollow Tile
- Roofing:
- Composition
- Floor Covering:
- --
- Disclosures:
- Licensed Owner, Listor Owner
- Possession:
- At Closing
- Terms Accept.:
- Cash, Conventional, 1031 Exchange
- Land Recorded:
- Land Court
- Exclusions:
- --
- Easements:
- Sewer
- Set-Backs:
- C&C
- Compensation*:
- 2
- 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 19, 2024. Information is deemed
reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of Standard Management LLC