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1038 Long Lane, Honolulu, HI 96817

$990,000

  • Sold
  • Closed
  • Multi-Family
  • Kapalama
  • Fee Simple
1038 Long Lane, Honolulu, HI 96817View this property at 1038 Long Lane, Honolulu, HI 96817
1038 Long LaneHonoluluHI96817

Map & Location

Street View

Property Description

Rare opportunity knocks: Legal but nonconforming multi-family income property, amazing cash cow producing excellent investment return: $99,360 annual rent income, or 9.46% return upon the listing price. With all utilities paid or reimbursed by tenants, the net income is as high as $80,290 per year or 7.65% net return. Super convenient location, close to N King St bus line and super markets. The number of units (5) may not agree with the permit record. 5 parking spaces, one water meter, 3 electric meters, 4 gas meters. Motivated seller looking for quick sale. For questions or showing request, please call Charlie Zhao.

Full Property Detailsfor 1038 Long Lane

General

  • Sold For: $990,000
  • Taxes: $248 (2017)
  • Status: Closed
  • Type: Multi-Family
  • MLS ID: 201725527
  • Added: 191 day(s) ago

Interior

  • Furnishings: Partial

Rooms

Other Rooms

  • Laundry: Individual, Washer

Additional Information

  • Amenities: None
  • Recreation: None

Parking

  • Parking Features: Assigned, Open, Tandem
  • Parking Type: Assigned, Open, Tandem
  • Other Parking Type: None

Location

  • Area: Metro
  • County: Oahu
  • Neighborhood: KAPALAMA

School Information

  • Elementary School: Kaiulani
  • Middle School: Kalakaua
  • High School: Farrington

Utilities

  • Sewer: Connected
  • Utility Description: Cable, Gas, Internet, Overhead Electricity, Sewer Fee, Water
  • Metering: Electric, Gas, Individual, Water

Structural Information

  • Description/Design: Multi-Family
  • Exterior Const.: Concrete, Double Wall, Hollow Tile, Masonry/Stucco, Single Wall, Slab, Wood Frame
  • Roof: Asphalt Shingle
  • Stories Description: Two
  • Square Feet: 4,000
  • Year Built: 1923
  • Remodeled/Updated: 2013
  • Property Condition: Above Average

Unit Information

  • 2 Bedroom Units: 2
  • 3 Bedroom Units: 3

Lot Features

  • Property View: Other
  • Lot Size (Sq. Ft.): 4,117
  • Topography: Level
  • Lot Features: Clear
  • Zoning: 05 - R-5 Residential District
  • Lot Description: Clear

Financial Considerations

  • Expenses: Excise Tax, Insurance, Property Tax, Repair Maintenance
  • Operating Expenses: $19,076
  • Tax Amount: $248
  • Tax Year: 2017
  • Terms: A/S, Cash, Conventional, Exchange
  • Tenant Pays: Electricity, Gas, Other, Water

Disclosures and Reports

  • Ownership: FS - Fee Simple
  • Special Conditions: None
  • Documents Avail.: Inventory, Lease Documents, P&L, Survey, Title Search
  • Land Tenure: Fee Simple
  • Flood Zone: Zone X
  • Disclosures/Reports: Property Disclosure Stmt
  • Property ID: 1-1-6-003-019-0000

Listed by East Oahu Realty, Inc.
Sold by Five Star Realty, Inc.

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Your Property Information

Your Contact Information

Schools

Schoolsserving 1038 Long Lane

School District:Hawai'i Department Of Education
School Name
Grades
Distance
Princess Victoria Ka Iulani Elementary School
783 North King St, Honolulu, HI 96817
PK-5
0.5 mi
King David Kalakaua Middle School
821 Kalihi St, Honolulu, HI 96819
6-8
0.5 mi
Governor Wallace Rider Farrington High School
1564 North King Street, Honolulu, HI 96817
9-12
0.3 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History

Price & Sales Historyfor 1038 Long Lane

Date
Details
Price
Change
Source
2/22/2018
Sold
$990,000
-5.71%
MLS
12/12/2017
Listed
$1,050,000
MLS
Disclaimer: Historical sales and tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Community Info

Community Infofor 1038 Long Lane

Listed by East Oahu Realty, Inc.
Sold by Five Star Realty, Inc.

1038 Long Lane, Honolulu, HI 96817 (MLS# 201725527) is a Multi-Family property that was sold at $990,000 on February 22, 2018. Want to learn more about 1038 Long Lane? Do you have questions about finding other Multi-Family real estate for sale in Kapalama? You can browse all Kapalama real estate or contact a Coldwell Banker agent to request more information.