1003 3rd Ave

1003 3rd Ave
Honolulu, HI 96816

For Sale

Active

List Price

$2,888,000 (FS)

Property Type:: Multi-Family
Studio Units:: 6
1-Bed Units:: 5
2-Bed Units:: 1
3-Bed Units:: 0

Land Area (sf):: 15,600
Living (sf):: --
Lanai (sf):: --
Other (sf):: --

Parking Stalls:: 12 - Open

MLS #:: 202413986
Island:: Oahu
Region:: Diamond Head
Neighborhood:: KAIMUKI
TMK:: 1-3-2-010-048-0000

List Date:: June 11, 2024

REMARKS:

HUGE PRICE REDUCTION! Investor's gem in the highly desired Kaimuki area. This rare opportunity with a lot size of 15, 600 sq. ft. in a R-3.5 zone. The property currently has a total of 12 rental units (5 Studios, 6 One Bedroom, 1 Two Bedroom). 5 separate structures on a corner block of your own stretching from 3rd Ave to Palima Pl., across Pahoa Ave. Property has 11 individual electric meters, 11 individual gas meters, and 2 water meters. Conveniently located near freeway on/off ramps, handful of restaurants and businesses on Waialae Ave. & Kapahulu Ave, Market City Shopping Center, Kapahulu Shopping Center, Waikiki. Buyers to do their own due diligence. Photos with outlines are only for general guidelines and do not depict actual lot boundaries. ALL SHOWINGS ARE BY APPOINTMENT ONLY, PLEASE DO NOT ENTER THE PREMISES AND DISTURB THE TENANTS.

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PROPERTY INFORMATION:

Zoning:: 7 - R-3.5 Residential
Furnished:: Partial

Year Built:: 1942
Year Remodeled:: --

FINANCIAL INFORMATION:

Assd. Val. Land:: $2,726,500
Assd. Val. Imprv:: $234,600
Assd. Val. Total:: $2,961,100

Tax Year:: 2024
Monthly Taxes:: $864
Home Exempt.:: --

SCHOOLS:

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

OTHER PROPERTY FEATURES:

Frontage:: Other
View:: City, Other
Pool:: --
Amenities:: None, A/C
Inclusions:: --
Security:: --
Assn. Fee Inclusions:: --
Other Fee Inclusions:: --

Lot Description:: Other
Topography:: Gentle Slope, Level
Number of Stories:: One, Two
Building Style:: --
Property Condition:: Average
Construction:: Single Wall
Roofing:: Asphalt Shingle, Other
Floor Covering:: --

Disclosures:: None
Possession:: At Closing
Terms Accept.:: 1031 Exchange, Cash, Conventional
Land Recorded:: Regular System

Exclusions:: --
Easements:: Other
Set-Backs:: C&C, Of Record

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Wednesday, April 23, 2025. Information is deemed reliable but not guaranteed. Copyright: 2025 by HiCentral MLS, Ltd. Listing courtesy of Five Star Realty, Inc.