735 Birch St

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

MLS #:: 202311374
Island:: Oahu
Region:: Metro Oahu
Neighborhood:: ALA MOANA
TMK:: 1-2-3-014-021-0000

List Date:: May 23, 2023
Date Sold:: October 13, 2023

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.

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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

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Monday, March 17, 2025. Information is deemed reliable but not guaranteed. Copyright: 2025 by HiCentral MLS, Ltd. Listing courtesy of Sunwide Properties