735 Birch St
Honolulu, HI 96814

For Sale
Sold
Sold Price
$1,950,000 (FS)
List Price
$2,099,000 (FS)
Property Type:
Multi-Family
Studio Units:
0
1-Bed Units:
1
2-Bed Units:
1
3-Bed Units:
1
Land Area (sf):
6,008
Living (sf):
--
Lanai (sf):
--
Other (sf):
--
Parking Stalls:
7 - Assigned
Property Photo
MLS #:
202311374
Island:
Oahu
Region:
Metro Oahu
Neighborhood:
ALA MOANA
TMK:
1-2-3-014-021-0000
List Date:
Date Sold:

REMARKS:

Great Opportunity to build a 30 unit rental building in a prime location near Ala Moana Center in the heart of urban Honolulu. WalkScore gives the property a 98/100 as there are so many stores, restaurants, and jobs nearby. The property has been approved by the sewer department for 30 units. Architectural renderings are for illustrative purposes only. Bill 7 encourages new multifamily development by offering huge fee waivers for water, sewer, permits, and 10 years of property tax abatement for a new building! The existing 3 unit apartment building features a 3 bedroom 2 bath on the ground floor and on the second floor there is 2 bedroom, 2 bath and a 1 bedroom, 1 bath. Each unit is separately metered for electric and water and has its own washer and dryer. There is a total of 7 parking stalls. Depending on the layout of the new building, it is possible to increase the number of parking stalls.

PROPERTY INFORMATION:

Zoning:
12 - A-2 Medium Density Apartme
Furnished:
--
Year Built:
1990
Year Remodeled:
2004

FINANCIAL INFORMATION:

Assd. Val. Land:
$1,532,000
Assd. Val. Imprv:
$347,900
Assd. Val. Total:
$1,879,900
Tax Year:
2023
Monthly Taxes:
$548
Home Exempt.:
--

SCHOOLS:

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

OTHER PROPERTY FEATURES:

Frontage:
--
View:
None
Pool:
--
Amenities:
A/C
Inclusions:
--
Security:
--
Assn. Fee Inclusions:
--
Other Fee Inclusions:
--
Lot Description:
Clear
Topography:
Level
Number of Stories:
Two
Building Style:
--
Property Condition:
Above Average
Construction:
Above Ground, Double Wall, Hollow Tile, Wood Frame
Roofing:
Composition
Floor Covering:
--
Disclosures:
1031 Exchange, Licensed Owner, Listor Owner
Possession:
At Closing, Subject To Tenancy
Terms Accept.:
Cash, Conventional, 1031 Exchange
Land Recorded:
Land Court
Exclusions:
--
Easements:
None
Set-Backs:
C&C
Compensation*:
2.25
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 Saturday, June 15, 2024.  Information is deemed reliable but not guaranteed.  Copyright: 2024 by HiCentral MLS, Ltd.  Listing courtesy of Sunwide Properties