448 Kaiolu St

448 Kaiolu St
Honolulu, HI 96815

For Sale

Active

List Price

$4,250,000 (FS)

Property Type:: Multi-Family
Studio Units:: 0
1-Bed Units:: 11
2-Bed Units:: 0
3-Bed Units:: 0

Land Area (sf):: 6,241
Living (sf):: --
Lanai (sf):: --
Other (sf):: --

Parking Stalls:: 4 - Assigned

MLS #:: 202406965
Island:: Oahu
Region:: Metro Oahu
Neighborhood:: WAIKIKI
TMK:: 1-2-6-017-065-0000

List Date:: March 25, 2024

REMARKS:

Prize property completely renovated with stellar income in Waikiki. Look no further for a turn-key investment in the heart of Waikiki with excellent walkability scores--shops and restaurants, transportation, and world-famous Waikiki Beach, blocks from this gem. Eleven one-bedroom units meticulously refurbished for maximum rentability and 100% occupied. All units separately metered for electricity and tenants pay their own. Owned coin laundry. Add'l income from parking fee included in rent. Buyer to accept existing survey to be provided in due diligence package with accepted offer.

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PROPERTY INFORMATION:

Zoning:: X2 - Apartment Precinct
Furnished:: Partial

Year Built:: 1953
Year Remodeled:: 2024

FINANCIAL INFORMATION:

Assd. Val. Land:: $2,134,400
Assd. Val. Imprv:: $300,900
Assd. Val. Total:: $2,435,300

Tax Year:: 2023
Monthly Taxes:: $445
Home Exempt.:: --

SCHOOLS:

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

OTHER PROPERTY FEATURES:

Frontage:: Other
View:: None
Pool:: --
Amenities:: Secured Lobby
Inclusions:: --
Security:: --
Assn. Fee Inclusions:: --
Other Fee Inclusions:: --

Lot Description:: Clear
Topography:: Level
Number of Stories:: Two
Building Style:: --
Property Condition:: Excellent
Construction:: Concrete
Roofing:: Custom/Specialty
Floor Covering:: --

Disclosures:: 1031 Exchange, Licensed Owner
Possession:: At Closing, Subject To Tenancy
Terms Accept.:: 1031 Exchange, Cash, Conventional
Land Recorded:: Land Court

Exclusions:: --
Easements:: Electric, Other
Set-Backs:: None

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 Sunday, April 28, 2024. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of Commercial Inv. Strategies