For Sale: Sold

1576 Pensacola St
Honolulu, HI 96822

$2,500,000 (FS)
Sold Price
$2,500,000 (FS)
List Price
Subject To Replacement Property
Property Type:
Multi-Family
Studio Units:
0
1-Bed Units:
0
2-Bed Units:
1
3-Bed Units:
2
Land Area (sf):
10,858
Living (sf):
--
Lanai (sf):
--
Other (sf):
--
Parking Stalls:
9 - Assigned
MLS #:
202125316
TMK:
1-2-4-018-001-0000
List Date:
Island:
Oahu
Region:
Metro Oahu
Neighborhood:
MAKIKI AREA

REMARKS:

This 10, 858 sq ft of prime (A-2) Apartment zoned land in Makiki has a solid 2 story apartment building with a 3 bed / 2 bath upstairs as well as a 3/2 downstairs, 1, 320 sq ft of living space each, granite countertops in the kitchens and bathrooms, and painted concrete floors. The vintage corner 2/1 cottage (672 sq ft with address of 1580 Pensacola St) nestled under the iconic Makiki banyan tree makes for shady natural living. Each of the 3 units are separately metered for electricity, and each has their own laundry. This great location on the corner of Pensacola St and Wilder Ave is convenient to bus lines, Biki bikes, and just minutes to the freeway. You'll see that the back of the property on the Wilder Avenue side is bare and ready to be developed. Ask your architect about the massive development potential of a 10, 858 sq ft parcel within a medium density A-2 Apartment Zone especially given the provisions of the City's Bill 7, the State's 201H Housing Program, or to simply build an apartment building and maximize the standard entitlements. The units are tenant occupied. Please do not walk on the property nor disturb the tenants.

PROPERTY INFORMATION:

Zoning:
12 - A-2 Medium Density Apartme
Furnished:
None
Year Built:
1960
Year Remodeled:
2007

FINANCIAL INFORMATION:

Assd. Val. Land:
$2,160,500
Assd. Val. Imprv:
$319,400
Assd. Val. Total:
$2,479,900
Tax Year:
2020
Monthly Taxes:
$718
Home Exempt.:
--

SCHOOLS:

Elementary School:
Lincoln
Middle School:
Stevenson
High School:
Roosevelt

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Tuesday, May 7, 2024.  Information is deemed reliable but not guaranteed.  Copyright: 2024 by HiCentral MLS, Ltd.  Listing courtesy of eXp Realty