1420 Ward Ave
Honolulu, HI 96822
List Price
$2,250,000 (FS)
- Property Type:
- Multi-Family
- Studio Units:
- 1
- 1-Bed Units:
- 8
- 2-Bed Units:
- 0
- 3-Bed Units:
- 0
- Land Area (sf):
- 5,515
- Living (sf):
- --
- Lanai (sf):
- --
- Other (sf):
- --
- Parking Stalls:
- 5 - Assigned, Covered
- MLS #:
- 202421951
- Island:
- Oahu
- Region:
- Metro Oahu
- Neighborhood:
- PUNCHBOWL-LOWER
- TMK:
- 1-2-1-039-036-0000
- List Date:
REMARKS:
PRICE IMPROVEMENT!
Prime investment opportunity - proforma 6.26% cap rate! This predominantly concrete 9-unit multifamily property is excellently located on Ward Ave. in the heart of Punchbowl. Unbeatable convenience with immediate access to H1 in both directions and a short distance to the vibrant dining and shopping hubs of Kakaako and Ala Moana Shopping Center. Downtown Honolulu is just 1.5 miles away. This property has under-market rents and month-to-month tenants, offering significant upside potential. Units are in classic condition, allowing a new owner to complete a value-add campaign and boost returns even further. The property includes a spacious, fenced grassy area in the back and an area for a community garden between the buildings. Individually metered for electricity and eligible for Bill 7 development.
Please do not go on the property without the listing agent. Sale is subject to 1031 exchange.
PROPERTY INFORMATION:
- Zoning:
- 12 - A-2 Medium Density Apartme
- Furnished:
- --
- Year Built:
- 1957
- Year Remodeled:
- --
FINANCIAL INFORMATION:
- Assd. Val. Land:
- $1,131,100
- Assd. Val. Imprv:
- $281,500
- Assd. Val. Total:
- $1,412,600
- Tax Year:
- 2024
- Monthly Taxes:
- $412
- Home Exempt.:
- --
SCHOOLS:
- Elem. School:
- Royal
- Middle School:
- Stevenson
- High School:
- Roosevelt
OTHER PROPERTY FEATURES:
- Frontage:
- --
- View:
- Coastline
- Pool:
- --
- Amenities:
- None
- Inclusions:
- --
- Security:
- --
- Assn. Fee Inclusions:
- --
- Other Fee Inclusions:
- --
- Lot Description:
- Other
- Topography:
- Gentle Slope
- Number of Stories:
- Two, Three
- Building Style:
- --
- Property Condition:
- Average
- Construction:
- Concrete, Hollow Tile, Wood Frame
- Roofing:
- Asphalt Shingle, Other
- Floor Covering:
- --
- Disclosures:
- Call Listor
- Possession:
- At Closing
- Terms Accept.:
- 1031 Exchange, Cash, Conventional
- Land Recorded:
- Regular System
- Exclusions:
- --
- Easements:
- None
- Set-Backs:
- Of Record
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Saturday, January 18, 2025. Information is deemed
reliable but not guaranteed. Copyright: 2025 by HiCentral MLS, Ltd. Listing courtesy of Standard Management LLC