This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
1242 6th Avenue, Honolulu, HI 96816
$3,415,000
1242 6th Avenue, Honolulu, HI 96816View this property at 1242 6th Avenue, Honolulu, HI 96816
1242 6th AvenueHonoluluHI96816
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
OFFERED below assessed Value. Beautifully maintained 2-story concrete building with (1x) 1-bedroom and (9x) 2-bedroom units with 10 open parking stalls. A large 13,965 sq ft lot with building size of 7,920 sq. ft. Each unit features exceptionally large living space with balcony or backyard with units own hot water tank. Building features a coin-operated laundry area for extra monthly income, separately metered electricity, and one sewer. Current rents are below market allowing a buyer to increase rents with some upgrades. Possible redeveloping option under Bill 7 to maximize the property's highest and best use. Ideally located near Chaminade University and the University of Hawaii Manoa, restaurants, and shops.
Full Property Details
Full Property Details for 1242 6th Ave
General
- Sold For: $3,415,000
- Taxes: $13,908 (2022)
- Status: Closed
- Type: Multi-Family
- MLS ID: 202306592
- Added to Site: 405 day(s) ago
Interior
- Furnishings: Partial
Rooms
Other Rooms
- Laundry: Coin
Additional Information
- Amenities: None
- Recreation: None
Parking
- Parking Features: Assigned, Open
- Parking Type: Assigned, Open
- Other Parking Type: None
Location
- Area: DiamondHd
- County: Oahu
- Neighborhood: PALOLO
Utilities
- Sewer: Connected
- Utility Description: Gas, Internet, Overhead Electricity, Public Water, Telephone
- Metering: Electric, Gas, Water
Structural Information
- Description/Design: Multi-Family
- Exterior Const.: Concrete
- Roof: Other
- Stories/Levels: 2
- Stories Description: Two
- Square Feet: 7,920
- Year Built: 1969
- Property Condition: Above Average, Average
Unit Information
- 1 Bedroom Units: 1
- 2 Bedroom Units: 9
Lot Features
- Property View: Mountain
- Mountain views: Yes
- Lot Size (Sq. Ft.): 13,965
- Topography: Level
- Lot Features: Other
- Zoning: 11 - A-1 Low Density Apartment
- Lot Description: Other
Financial Considerations
- Expenses: Excise Tax, Mgmt Fee, Other, Property Tax, Repair Maintenance, Sewer Fee
- Operating Expenses: $1
- Tax Amount: $13,908
- Tax Year: 2022
- Terms: Cash, Conventional
- Tenant Pays: Cable TV, Electricity, Other
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.75%
- Ownership: FS - Fee Simple
- Special Conditions: None
- Documents Avail.: Building Plans, Survey, Title Search
- Land Tenure: Fee Simple
- Flood Zone: Zone X
- Disclosures/Reports: None
- Property ID: 1-3-3-003-021-0000
Listed by Island, REALTORS
Sold by Locations LLC
Get Pre-Approved Today
Schools
Schools serving 1242 6th Ave
School District:Hawaii Department Of Education
Rating | Name | Grades | Distance |
---|---|---|---|
1240 7th Ave, Honolulu, HI 96816 | K-5 | 0.1 mi | |
1903 Palolo Ave, Honolulu, HI 96816 | 6-8 | 0.9 mi | |
2705 Kaimuki Ave, Honolulu, HI 96816 | 9-12 | 0.8 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 1242 6th Ave
Date
Details
Price
Change
Source
4/01/2024
Sold
$3,415,000
-7.7%
MLS
2/06/2024
Price Reduced
$3,700,000
-7.5%
MLS
3/21/2023
Listed
$4,000,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1242 6th Avenue, Honolulu, HI 96816 (MLS# 202306592) is a Multi-Family property that was sold at $3,415,000 on April 01, 2024. Want to learn more about 1242 6th Avenue? Do you have questions about finding other Multi-Family real estate for sale in Palolo? You can browse all Palolo real estate or contact a Coldwell Banker agent to request more information.