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$4,300,000
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Property Description
COMMERCIAL LISTING. RARE FIND in Salt Lake. Owners never thought they'd sell, so took care of the building like they'd keep it forever with lease rents WAY below market. Easy opportunity to 'manage up.' Beautifully maintained building with an elevator and 16 units: 4 ones, 12 twos, and 16 parking with 5 tandem stalls for 21 stalls total (most are covered w/extra charge for usage). Easy to rent units with cool mountain breezes in a desirable neighborhood. Hollow tile construction, simple & clean interiors in excellent condition. All units separately metered for electricity and one water meter.
Full Property Details
Full Property Details for 2989 Ala Ilima St
General
- Sold For: $4,300,000
- Taxes: $9,331
- Status: Closed
- Type: Apartment
- Source: Honolulu_Board_Of_Realtors
- MLS ID: 202505434
- Added to Site: 359 day(s) ago
Rental Information
- Complex Features: None, Other
Interior
- Appliances: Dryer, Washer
- Furnishings: Partially
Rooms
Other Rooms
- Laundry: Coin-operated
Parking
- Total Spaces: 16
- Parking Features: Assigned, Covered
Location
- Area: Metro
- County: Oahu
- Subdivision: SALT LAKE
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
- Detached/Attached: Detached
- Construction: Hollow Tile
- Square Feet: 13,824
- Year Built: 1969
- Property Condition: Excellent
Lot Features
- Property View: City
- Lot Size: 10000
- Topography: Sloping
- Lot Features: Cleared, Interior Lot
- Zoning: 12 - A-2 Medium Density Apartme
Financial Considerations
- Operating Expenses: $97,400
- Assessment Amount: $2,664,900
- Tax Amount: $9,331.92
- Tenant Pays: Cable TV, Electricity, Parking Fee
Disclosures and Reports
- Special Conditions: None
- Disclosures/Reports: 1031 Exchange
- Disclosures/Rstr.: 1031 Exchange
- Property ID: 1-1-1-061-027-0000
Listed by Commercial Inv. Strategies
Sold by John Riggins Real Estate
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Schools
Schools serving 2989 Ala Ilima St
School District:Hawaii Department of Education
| Name | Grades | Distance |
|---|---|---|
Salt Lake Elementary School 1131 Ala Lilikoi Street, Honolulu, HI 96818 | PK-6 | 0.6 mi |
Moanalua Middle School 1289 Mahiole Street, Honolulu, HI 96819 | 7-8 | 0.9 mi |
Moanalua High School 2825 Ala Ilima St, Honolulu, HI 96819 | 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 2989 Ala Ilima St
Date
Details
Price
Change
Source
4/25/2025
Sold
$4,300,000
-4.44%
MLS
3/05/2025
Listed
$4,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2989 Ala Ilima Street, Honolulu, HI 96818 (MLS# 202505434) is a Apartment property that was sold at $4,300,000 on April 25, 2025. Want to learn more about 2989 Ala Ilima Street? Do you have questions about finding other Apartment real estate for sale in Aliamanu - Salt Lake - Foster Village? You can browse all Aliamanu - Salt Lake - Foster Village real estate or contact a Coldwell Banker agent to request more information.

