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1126 3rd Avenue, Honolulu, HI 96816
$2,425,000
1126 3rd Avenue, Honolulu, HI 96816View this property at 1126 3rd Avenue, Honolulu, HI 96816
1126 3rd AvenueHonoluluHI96816
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Property Description
Rare investment opportunity in popular Kaimuki offering a unique combination of a duplex, a triplex, and a two story large dwelling containing 7 rented rooms + 2 rental apartments underneath. 17 parking stalls is a huge bonus value. Property is 15,000 sq.ft. R-3.5 fee simple. Good net income and nearly 0% vacancy (past 18 years of management by listor). Largest dwelling has 7 rented rooms, a large common kitchen, high ceilings and community storage underneath. 3 rooms have complete bathrooms inside the rooms, one has a half bath, and three share the two common toilet rooms/one shower stall room. All rooms have individual refrigerators and sinks. Under this building are two apartments (studio and one bedroom). The two additional buildings contain 1 studio, 2 one bedroom apartments, 1 two bedroom apartment, and 1 three bedroom apartment. 2 washers/2 dryers in coin operated laundry room. 2 electric meters/6 gas meters. Remodeling the front dwelling to be an owner/occupant home for the buyer would create a 2nd triplex and more lending options. 7 apartment rentals would remain for income. Three generations of the same family have enjoyed ownership the past 78 years.
Full Property Details
Full Property Details for 1126 3rd Ave
General
- Sold For: $2,425,000
- Taxes: $8,304 (2022)
- Status: Closed
- Type: Multi-Family
- MLS ID: 202306339
- Added to Site: 434 day(s) ago
Interior
- Furnishings: Partial
Rooms
Other Rooms
- Laundry: Coin, Individual
Additional Information
- Amenities: A/C, Storage
- Recreation: None
Parking
- Parking Features: Assigned, Covered, Open
- Parking Type: Assigned, Covered, Open
- Other Parking Type: None
Location
- Area: DiamondHd
- County: Oahu
- Neighborhood: KAIMUKI
Community
- Mgmt. Company: Sue Young Properties
Utilities
- Sewer: Connected
- Utility Description: Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
- Metering: Electric, Gas, Water
Structural Information
- Description/Design: Multi-Family
- Exterior Const.: Single Wall, Slab, Wood Frame
- Roof: Asphalt Shingle
- Stories Description: One, Two
- Square Feet: 4,857
- Year Built: 1931
- Remodeled/Updated: 2020
- Property Condition: Above Average
Unit Information
- 1 Bedroom Units: 3
- 2 Bedroom Units: 1
- 3 Bedroom Units: 1
Lot Features
- Property View: Garden
- Lot Size (Sq. Ft.): 15,000
- Topography: Down Slope, Gentle Slope
- Lot Features: Clear
- Zoning: 07 - R-3.5 Residential District
- Lot Description: Clear
Financial Considerations
- Expenses: Excise Tax, Insurance, Mgmt Fee, Property Tax, Repair Maintenance, Sewer Fee
- Operating Expenses: $72,902
- Tax Amount: $8,304
- Tax Year: 2022
- Terms: Cash, Conventional
- Tenant Pays: Cable TV, Gas
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: FS - Fee Simple
- Special Conditions: None
- Documents Avail.: Lease Documents, P&L
- Land Tenure: Fee Simple
- Flood Zone: Zone X
- Disclosures/Reports: Pet on Property, Property Disclosure Stmt
- Property ID: 1-3-2-001-036-0000
Listed by Sue Young
Sold by Harcourts Island Real Estate
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Schools
Schools serving 1126 3rd Ave
School District:Hawaii Department Of Education
Rating | Name | Grades | Distance |
---|---|---|---|
1240 7th Ave, Honolulu, HI 96816 | K-5 | 0.4 mi | |
1633 S King St, Honolulu, HI 96826 | 6-8 | 1.7 mi | |
2705 Kaimuki Ave, Honolulu, HI 96816 | 9-12 | 0.5 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1126 3rd Ave
Date
Details
Price
Change
Source
7/11/2023
Sold
$2,425,000
-10.19%
MLS
3/16/2023
Listed
$2,700,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1126 3rd Avenue, Honolulu, HI 96816 (MLS# 202306339) is a Multi-Family property that was sold at $2,425,000 on July 11, 2023. Want to learn more about 1126 3rd Avenue? Do you have questions about finding other Multi-Family real estate for sale in Kaimuki? You can browse all Kaimuki real estate or contact a Coldwell Banker agent to request more information.