1240 Young Street, Honolulu, HI 96814 - Photo 1

1/1

$2,650,000

Sold
Closed
Multi-Family

1/1

Property Description

COMMERCIAL LISTING. BMX-3 Zoned with residential use exemption makes this property super desirable for its many possible uses. Owners never thought they'd sell, so have kept the building in top shape with low rents to eliminate vacancies. 10 units: 6 ones, 4 twos, 7 parking & 100% occupancy. Super clean, upgraded interiors. All but one unit is renovated. Hollow tile construction, nice private grass yard common area, and excellent location make this property easy to "manage up": charge for parking, install coin laundry, and increase the rent to market rates. All units have laundry hookups; all machines owned by tenants. Buyer to accept existing survey performed by Walter Thompson Inc November 1, 2000.

Full Property Details

Full Property Details for 1240 Young St

General

Sold For: $2,650,000
Taxes: $7,887
Status: Closed
Type: Multi-Family
Source: Honolulu_Board_Of_Realtors
MLS ID: 202505617
Added to Site: 324 day(s) ago

Rental Information

Complex Features: None

Interior

Furnishings: Partially

Rooms

Other Rooms

Laundry: In Unit

Parking

Total Spaces: 7
Parking Features: Assigned

Location

Area: Metro
County: Oahu
Subdivision: MAKIKI AREA

Utilities

Sewer: Connected
Water: Public
Cable Available: Yes
Utility Description: Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available, Sewer Connected

Structural Information

Structure Type: Apartment, Multi Family
Detached/Attached: Detached
Construction: Hollow Tile
Stories/Levels: 2
Square Feet: 5,088
Year Built: 1961
Property Condition: Excellent

Lot Features

Lot Size: 7921
Topography: Level
Lot Features: Cleared, Interior Lot, Level
Zoning: 33 - BMX-3 Community Business M

Financial Considerations

Operating Expenses: $29,137
Assessment Amount: $2,493,600
Tax Amount: $7,887
Tenant Pays: Cable TV, Electricity

Disclosures and Reports

Special Conditions: None
Disclosures/Reports: 1031 Exchange
Disclosures/Rstr.: 1031 Exchange
Property ID: 1-2-4-004-084-0000

Listed by Commercial Inv. Strategies
Sold by Locations LLC

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— 1240 Young St —

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(808) 429-1098

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Schools

Schools serving 1240 Young St

School District:Hawaii Department of Education

Name	Grades	Distance
Queen Kaahumanu Elementary School 1141 Kinau Street, Honolulu, HI 96814	PK-5	0.2 mi
President George Washington Middle School 1633 South King Street, Honolulu, HI 96826	6-8	0.6 mi
President William Mckinley High School 1039 South King Street, Honolulu, HI 96814	9-12	0.4 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 1240 Young St

Date

Details

Price

Change

Source

5/23/2025

Sold

$2,650,000

-5.36%

MLS

3/18/2025

Price Reduced

$2,800,000

-3.45%

MLS

2/26/2025

Listed

$2,900,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Beds
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Total Baths
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Sq. Ft.

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1240 Young Street, Honolulu, HI 96814 (MLS# 202505617) is a Multi-Family property that was sold at $2,650,000 on May 23, 2025. Want to learn more about 1240 Young Street? Do you have questions about finding other Multi-Family real estate for sale in Honolulu? You can browse all Honolulu real estate or contact a Coldwell Banker agent to request more information.

1240 Young St Honolulu, HI 96814

Full Property Details for 1240 Young St

General

Rental Information

Interior

Rooms

Other Rooms

Parking

Location

Utilities

Structural Information

Lot Features

Financial Considerations

Disclosures and Reports

Listing agent

Get Pre-Approved Today

Be ready to buy your new home!

Be ready to buy your new home!

Schools serving 1240 Young St

Price & Sales History for 1240 Young St

Just Listed near 1240 Young St

98-142 Lipoa Pl #103 Aiea, HI 96701

98-500 Koauka Loop #18A Aiea, HI 96701

98-660 Moanalua Loop #277 Aiea, HI 96701

98-1619 Nahele St Aiea, HI 96701

Price Reduced near 1240 Young St

98-023 Hekaha St #BLDG 6-001 Aiea, HI 96701

98-500 Koauka Loop #8M Aiea, HI 96701

98-500 Koauka Loop #17A Aiea, HI 96701

99-139 B Napuanani Rd #3 Aiea, HI 96701

Recent Sales near 1240 Young St

1296 Kapiolani Blvd #II-PH06 Honolulu, HI 96814

1555 Kapiolani Blvd #1800 Honolulu, HI 96814

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1555 Kapiolani Blvd #1000 Honolulu, HI 96814