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2016 Kapiolani Boulevard, Honolulu, HI 96826
$4,875,000
2016 Kapiolani Boulevard, Honolulu, HI 96826View this property at 2016 Kapiolani Boulevard, Honolulu, HI 96826
2016 Kapiolani BoulevardHonoluluHI96826
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Property Description
Location, location, location: blocks from Ala Moana, UH Manoa, and Waikiki, Don't miss this once in a lifetime opportunity to own a super desirable, centrally located, two- building property with 22 units. Unit mix: 10 studios and 12 one-bedrooms with a shared driveway to be sold as a package with 2 identical buildings with TWO TMKs on Kapiolani Blvd: 1-2-7-003-006 & 1-2-7-003-061 each consisting of 5,000sf lots with interiors of 3,828sf each. Separately metered electricity, and gas and two water meters. Value-add opportunity with excellent potential upside as rents are below market with some vacant units. Financials show noted here are pro forma ONLY. To be sold as is, where is.
Full Property Details
Full Property Details for 2016 Kapiolani Blvd
General
- Sold For: $4,875,000
- Taxes: $110,856 (2022)
- Status: Closed
- Type: Multi-Family
- MLS ID: 202211079
- Added to Site: 675 day(s) ago
Interior
- Furnishings: Partial
Rooms
Other Rooms
- Laundry: Coin, Dryer, Washer
Additional Information
- Amenities: None
- Recreation: None
Parking
- Parking Features: Open
- Parking Type: Open
- Other Parking Type: None
Location
- Area: Metro
- County: Oahu
- Neighborhood: MOILIILI
Community
- Mgmt. Company: Self Managed
Utilities
- Sewer: Connected
- Utility Description: Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
- Metering: Electric, Gas, Individual, Water
Structural Information
- Description/Design: Multi-Family
- Exterior Const.: Brick, Masonry/Stucco
- Roof: Custom/Specialty
- Stories/Levels: 2
- Stories Description: Two
- Square Feet: 7,656
- Year Built: 1958
- Property Condition: Needs Major Repair
Unit Information
- 1 Bedroom Units: 12
Lot Features
- Property View: None
- Lot Size (Sq. Ft.): 10,000
- Topography: Level
- Lot Features: Clear
- Zoning: 12 - A-2 Medium Density Apartme
- Lot Description: Clear
Financial Considerations
- Expenses: Excise Tax, Insurance, Mgmt Fee, Other, Property Tax, Repair Maintenance, Sewer Fee
- Operating Expenses: $92,694
- Tax Amount: $110,856
- Tax Year: 2022
- Terms: Cash, Conventional, Exchange
- Tenant Pays: Cable TV, Electricity
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.25%
- Ownership: FS - Fee Simple
- Special Conditions: None
- Documents Avail.: Lease Documents, P&L, Title Search
- Land Tenure: Fee Simple
- Flood Zone: Zone AO
- Disclosures/Reports: 1031 Exchange
- Property ID: 1-2-7-003-006-0000
Listed by Commercial Inv. Strategies
Sold by Ko Realty
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Schools
Schools serving 2016 Kapiolani Blvd
School District:Hawaii Department Of Education
Rating | Name | Grades | Distance |
---|---|---|---|
810 Pumehana St, Honolulu, HI 96826 | K-5 | 0.2 mi | |
1633 S King St, Honolulu, HI 96826 | 6-8 | 0.5 mi | |
2705 Kaimuki Ave, Honolulu, HI 96816 | 9-12 | 0.9 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 2016 Kapiolani Blvd
Date
Details
Price
Change
Source
9/23/2022
Sold
$4,875,000
-11.36%
MLS
6/13/2022
Listed
$5,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2016 Kapiolani Boulevard, Honolulu, HI 96826 (MLS# 202211079) is a Multi-Family property that was sold at $4,875,000 on September 23, 2022. Want to learn more about 2016 Kapiolani Boulevard? Do you have questions about finding other Multi-Family real estate for sale in Moiliili? You can browse all Moiliili real estate or contact a Coldwell Banker agent to request more information.