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$11,500,000

  • Sold
  • Closed
  • Apartment
  • 34,312 Sq. Ft.
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Rare Opportunity -40-Unit Apt Bldg in Salt Lake. Attractive 6 story trophy building to add to your investment portfolio! Building is a solid CMU and concrete structure, offering durability & low maintenance. The property features a keyed elevator for added convenience and ample 49 parking stalls. 100% leased but Rents under market with lots of development potential. 20- one bdrm; 20- two bdrm units. All units large in size w/lanais. Mgmt office on ground floor w/full bathroom. Coin operated laundry facility on each floor. Large storage room on pkg level as well as multiple storage rooms throughout building. Ideally situated near schools, shopping centers, freeway access, & public transportation, ensuring strong tenant demand. Original but maintained property in a high-demand rental market! Sold in Existing AS IS Condition. Buyer to conduct own Due Diligence. Do not disturb tenants, knock on doors nor park on property. Please contact Listor with additional questions. Must sign NDA for financials. Call for Offers Deadline, March 21, 2025, Friday at Noon. PSA must include verification of cash funds &/ Commercial lender preapproval.

Full Property Details for 1055 Ala Napunani St

General

  • Sold For: $11,500,000
  • Taxes: $18,734
  • Status: Closed
  • Type: Apartment
  • Source: Honolulu_Board_Of_Realtors
  • MLS ID: 202506287
  • Added to Site: 314 day(s) ago

Rental Information

  • Complex Features: Other, Storage Facilities, Trash Chute

Interior

  • Appliances: Dryer, Washer
  • Furnishings: Partially

Rooms

Other Rooms

  • Laundry: Coin-operated

Additional Information

  • Shared Amenities: Management

Parking

  • Total Spaces: 49
  • Parking Features: Assigned, Covered, Open

Location

  • Area: Metro
  • County: Oahu
  • Subdivision: SALT LAKE

School Information

  • Elementary School: Moanalua
  • Middle School: Moanalua
  • High School: Moanalua

Utilities

  • Sewer: Connected
  • Water: Public
  • Utility Description: Electricity Available, Natural Gas Available, Other, Underground Utilities, Water Available, Sewer Connected

Structural Information

  • Structure Type: Apartment
  • Detached/Attached: Detached
  • Construction: Hollow Tile, Concrete
  • Square Feet: 34,312
  • Year Built: 1971
  • Property Condition: Good Condition

Lot Features

  • Property View: Mountain(s), Other
  • Mountain views: Yes
  • Lot Size: 22494
  • Topography: Level, Sloping
  • Lot Features: Cleared, Interior Lot, Level
  • Zoning: 12 - A-2 Medium Density Apartme

Financial Considerations

  • Operating Expenses: $242,346.3
  • Assessment Amount: $5,361,500
  • Tax Amount: $18,734.04
  • Tenant Pays: Cable TV, Electricity

Disclosures and Reports

  • Special Conditions: None
  • Disclosures/Reports: See Remarks
  • Disclosures/Rstr.: See Remarks
  • Property ID: 1-1-1-062-047-0000

Listed by Luxury Homes International
Sold by List Sotheby's Int'l Realty

Listing agents

— 1055 Ala Napunani St —

  • Luxury Homes International

  • Luxury Homes International

(808) 797-3344

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1055 Ala Napunani St

School District:Hawaii Department of Education
NameGradesDistance
Moanalua Elementary School
1337 Mahiole Street, Honolulu, HI 96819
PK-60.7 mi
Moanalua Middle School
1289 Mahiole Street, Honolulu, HI 96819
7-80.6 mi
Moanalua High School
2825 Ala Ilima St, Honolulu, HI 96819
9-120.1 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1055 Ala Napunani St

Date
Details
Price
Change
Source
5/27/2025
Sold
$11,500,000
4.55%
MLS
3/10/2025
Listed
$11,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Luxury Homes International
Sold by List Sotheby's Int'l Realty

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1055 Ala Napunani Street, Honolulu, HI 96818 (MLS# 202506287) is a Apartment property that was sold at $11,500,000 on May 27, 2025. Want to learn more about 1055 Ala Napunani Street? Do you have questions about finding other Apartment real estate for sale in Honolulu? You can browse all Honolulu real estate or contact a Coldwell Banker agent to request more information.