808 Makaleka Ave
Honolulu, HI 96816

For Sale
Active
List Price
$1,399,000 (FS)
Property Type:
Multi-Family
Studio Units:
1
1-Bed Units:
5
2-Bed Units:
0
3-Bed Units:
0
Land Area (sf):
3,000
Living (sf):
--
Lanai (sf):
--
Other (sf):
--
Parking Stalls:
3 - Tandem
MLS #:
202400524
Island:
Oahu
Region:
Metro Oahu
Neighborhood:
KAPAHULU
TMK:
1-2-7-032-015-0000
List Date:

REMARKS:

$71, 914/yr CURRENT NOI. 4.96% CAP, self managed. $86, 314 PROFORMA NOI. 5.96% CAP, self managed. Extremely desirable location, 1 block of Kapahulu (directly behind Safeway). 100% Occupied. Long term tenants (4 of 6 are over 10 years) and all M-T-M. Low property tax. NOT in a flood zone. 3 tandem parking stalls with plenty of quiet street parking. 1 water meter, 4 electric meters: owner pays for units E (studio), F, and Laundry. 1031X contingent (however, Seller has identified replacement properties.)

PROPERTY INFORMATION:

Zoning:
12 - A-2 Medium Density Apartme
Furnished:
--
Year Built:
1941
Year Remodeled:
--

FINANCIAL INFORMATION:

Assd. Val. Land:
$927,500
Assd. Val. Imprv:
$79,000
Assd. Val. Total:
$1,006,500
Tax Year:
2023
Monthly Taxes:
$294
Home Exempt.:
--

SCHOOLS:

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

OTHER PROPERTY FEATURES:

Frontage:
--
View:
City
Pool:
--
Amenities:
None
Inclusions:
--
Security:
--
Assn. Fee Inclusions:
--
Other Fee Inclusions:
--
Lot Description:
Clear
Topography:
Level
Number of Stories:
Two
Building Style:
--
Property Condition:
Average
Construction:
Hollow Tile
Roofing:
Asphalt Shingle
Floor Covering:
--
Disclosures:
1031 Exchange
Possession:
At Closing
Terms Accept.:
Cash, Conventional
Land Recorded:
Regular System
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 Saturday, April 27, 2024.  Information is deemed reliable but not guaranteed.  Copyright: 2024 by HiCentral MLS, Ltd.  Listing courtesy of CBI Residential Advisory Svcs.