Date
Details
Price
Change
Source
4/15/2024
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.
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1/25
$2,700,000
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Property Description
INCREDIBLE CASHFLOW OPPORTUNITY IN WAIKIKI priced at only $150,000 per unit. 18 solid concrete renovated units with 18 parking stalls on a total of 12,914 SF of land in world-famous Waikiki. The property has no trouble staying rented, and Waikiki typically has higher rent appreciation than other neighborhoods due to the year-round global demand. This property is leasehold with 40 years remaining on the ground lease and 15 years of known rent, making it financeable and eligible for a 1031 exchange. Ideal for a buyer looking to achieve a great return on their money for at least the next 40 years. Separately metered for electricity and tenants are billed back for water.
Full Property Details
Full Property Details for 331 & 333 Hobron Ln
General
- Price: $2,700,000
- Taxes: $13,308
- Status: Active
- Type: Multi-Family
- Source: Honolulu_Board_Of_Realtors
- MLS ID: 202408267
- Updated: 11/26/2024
- Added to Site: 281 day(s) ago
Rental Information
- Complex Features: None
Interior
- Furnishings: Partially
Rooms
Other Rooms
- Laundry: Coin-operated
Additional Information
- Security/Safety: Lobby Secured
Parking
- Total Spaces: 18
- Parking Features: Assigned
Location
- Area: Metro
- County: Oahu
- Subdivision: WAIKIKI
School Information
- Elementary School: Lunalilo
- Middle School: Washington
- High School: Kaimuki
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
Utilities
- Sewer: Connected
- Water: Public
- Cable Available: Yes
- Utility Description: Above Ground Utilities, Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Sewer Available, Water Available, Sewer Connected
Structural Information
- Structure Type: Apartment, Multi Family
- Detached/Attached: Detached
- Construction: Concrete
- Square Feet: 10,000
- Year Built: 1949
- Property Condition: Excellent, Good Condition
Lot Features
- Property View: Sunset
- Lot Size: 6500
- Topography: Level
- Lot Features: Cleared, Interior Lot, Level
- Zoning: X2 - Apartment Precinct
Financial Considerations
- Lease Price: $11,009
- Operating Expenses: $126,637
- Tax Amount: $13,308
- Tenant Pays: Electricity, Parking Fee, Water
Disclosures and Reports
- Special Conditions: None
- Disclosures/Reports: Owner Is Listing Agent, Pet on Property
- Disclosures/Rstr.: Owner Is Listing Agent, Pet on Property
- Property ID: 1-2-6-012-046-0000
Listed by Standard Management LLC
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Listing agent
— 331 & 333 Hobron Ln —
Standard Management LLC
(808) 208-8107
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 331 & 333 Hobron Ln
School District:Hawaii Department Of Education
| Rating | Name | Grades | Distance |
|---|---|---|---|
|
324 Kapahulu Ave, Honolulu, HI 96815 | K-5 | 1.5 mi | |
|
1633 S King St, Honolulu, HI 96826 | 6-8 | 0.6 mi | |
|
2705 Kaimuki Ave, Honolulu, HI 96816 | 9-12 | 1.3 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 331 & 333 Hobron Ln
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- Condo
- Active
- Updated 5 days ago
- 2Beds
- 2Total Baths
- 778Sq. Ft.
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- Condo
- Active
- Updated 14 hours ago
- 3Beds
- 2Total Baths
- 895Sq. Ft.
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331 & 333 Hobron Lane, Honolulu, HI 96815 (MLS# 202408267) is a Multi-Family property with 18 units containing 0 bedrooms and 0 full bathrooms. 331 & 333 Hobron Lane is currently listed for $2,700,000 and was received on April 15, 2024. Want to learn more about 331 & 333 Hobron Lane? 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.