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448 Kaiolu Street, Honolulu, HI 96815
$4,250,000
448 Kaiolu Street, Honolulu, HI 96815View this property at 448 Kaiolu Street, Honolulu, HI 96815
448 Kaiolu StreetHonoluluHI96815
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Property Description
Prize property completely renovated with stellar income in Waikiki. Look no further for a turn-key investment in the heart of Waikiki with excellent walkability scores--shops and restaurants, transportation, and world-famous Waikiki Beach, blocks from this gem. Eleven one-bedroom units meticulously refurbished for maximum rentability and 100% occupied. All units separately metered for electricity and tenants pay their own. Owned coin laundry. Add'l income from parking fee included in rent. Buyer to accept existing survey to be provided in due diligence package with accepted offer.
Full Property Details
Full Property Details for 448 Kaiolu St
General
- Price: $4,250,000
- Taxes: $5,340 (2023)
- Status: Active
- Type: Multi-Family
- MLS ID: 202406965
- Updated: 4/19/2024
- Added to Site: 42 day(s) ago
Interior
- Furnishings: Partial
Rooms
Other Rooms
- Laundry: Coin, Dryer, Washer
Additional Information
- Amenities: Secured Lobby
- Recreation: None
Parking
- Parking Features: Assigned
- Parking Type: Assigned
- Other Parking Type: None
Location
- Area: Metro
- County: Oahu
- Neighborhood: WAIKIKI
Community
- Mgmt. Company: self managed
Utilities
- Sewer: Connected
- Utility Description: Cable, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
- Metering: Electric, Individual, Water
Structural Information
- Description/Design: Multi-Family
- Exterior Const.: Concrete
- Roof: Custom/Specialty
- Stories/Levels: 2
- Stories Description: Two
- Square Feet: 5,258
- Year Built: 1953
- Remodeled/Updated: 2024
- Property Condition: Excellent
Unit Information
- 1 Bedroom Units: 11
Lot Features
- Property View: None
- Lot Size (Sq. Ft.): 6,241
- Topography: Level
- Lot Features: Clear
- Zoning: X2 - Apartment Precinct
- Lot Description: Clear
Financial Considerations
- Expenses: Excise Tax, Insurance, Mgmt Fee, Other, Property Tax, Repair Maintenance, Sewer Fee
- Operating Expenses: $47,376
- Tax Amount: $5,340
- Tax Year: 2023
- Terms: 1031 Exchange, Cash, Conventional
- Tenant Pays: Cable TV, Electricity, Parking
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Ownership: FS - Fee Simple
- Special Conditions: None
- Documents Avail.: Lease Documents, Other, P&L, Survey, Title Search
- Land Tenure: Fee Simple
- Flood Zone: Zone AO
- Disclosures/Reports: 1031 Exchange, Licensed Owner
- Property ID: 1-2-6-017-065-0000
Listed by Commercial Inv. Strategies
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Schools
Schools serving 448 Kaiolu St
School District:Hawaii Department Of Education
Rating | Name | Grades | Distance |
---|---|---|---|
324 Kapahulu Ave, Honolulu, HI 96815 | K-5 | 0.9 mi | |
1633 S King St, Honolulu, HI 96826 | 6-8 | 1 mi | |
2705 Kaimuki Ave, Honolulu, HI 96816 | 9-12 | 0.7 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 448 Kaiolu St
Date
Details
Price
Change
Source
3/25/2024
Listed
$4,250,000
32.61%
MLS
6/30/2023
Sold
$3,205,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 448 Kaiolu St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$8,275
—
$2,435,300
3%
2022
$8,275
—
$2,364,300
—
2021
$8,308
—
$2,373,700
4%
2021
$8,308
8%
$2,287,800
4%
2018
$7,666
95%
$2,190,200
3%
2017
$3,929
-43%
$2,116,800
7%
2016
$6,908
24%
$1,973,800
24%
2015
$5,561
-29%
$1,588,900
-29%
2019
$7,794
50%
$2,226,900
46%
2013
$5,212
—
$1,527,200
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 448 Kaiolu St
448 Kaiolu Street, Honolulu, HI 96815 (MLS# 202406965) is a Multi-Family property with 11 units containing 0 bedrooms and 0 full bathrooms. 448 Kaiolu Street is currently listed for $4,250,000 and was received on March 25, 2024. Want to learn more about 448 Kaiolu Street? Do you have questions about finding other Multi-Family real estate for sale in Waikiki? You can browse all Waikiki real estate or contact a Coldwell Banker agent to request more information.