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$4,000,000
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Property Description
Two story walk up apartment building. It will require some repair but is in excellent location.
Full Property Details
Full Property Details for 540 Iolani Ave
General
- Sold For: $4,000,000
- Taxes: $8,052
- Status: Closed
- Type: Apartment
- Source: Honolulu_Board_Of_Realtors
- MLS ID: 202516843
- Added to Site: 177 day(s) ago
Rental Information
- Complex Features: None
Interior
- Furnishings: Unfurnished
Parking
- Total Spaces: 6
- Parking Features: Assigned
Location
- Area: Metro
- County: Oahu
- Subdivision: PUNCHBOWL AREA
Utilities
- Sewer: Connected
- Water: Public
- Utility Description: Above Ground Utilities, Electricity Available, High Speed Internet Available, Phone Available, Water Available, Sewer Connected
Structural Information
- Structure Type: Apartment
- Detached/Attached: Detached
- Construction: Double Wall, Hollow Tile, Masonry, Stucco
- Stories/Levels: 2
- Square Feet: 8,784
- Year Built: 1957
- Property Condition: Repairs Major
Lot Features
- Property View: City, Ocean
- Lot Size: 11560
- Topography: Sloping
- Lot Features: Corner Lot, Irregular Lot
- Zoning: 12 - A-2 Medium Density Apartme
Financial Considerations
- Operating Expenses: $125,000
- Assessment Amount: $2,294,500
- Tax Amount: $8,052
- Tenant Pays: Parking Fee
Disclosures and Reports
- Special Conditions: None
- Disclosures/Reports: 1031 Exchange
- Disclosures/Rstr.: 1031 Exchange
- Property ID: 1-2-2-004-058-0000
Listed by Rein Hollar Realty
Sold by Non-MLS
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Schools
Schools serving 540 Iolani Ave
School District:Hawaii Department of Education
| Name | Grades | Distance |
|---|---|---|
Royal Elementary School 1519 Queen Emma Street, Honolulu, HI 96813 | PK-5 | 0.3 mi |
Prince David Kawananakoa Middle School 49 Funchal St, Honolulu, HI 96813 | 6-8 | 0.7 mi |
President Theodore Roosevelt High School 1120 Nehoa Street, Honolulu, HI 96822 | 9-12 | 0.8 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 540 Iolani Ave
Date
Details
Price
Change
Source
10/16/2025
Sold
$4,000,000
-11.11%
MLS
7/26/2025
Price Increased
$4,500,000
7.14%
MLS
7/24/2025
Listed
$4,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
540 Iolani Avenue, Honolulu, HI 96813 (MLS# 202516843) is a Apartment property that was sold at $4,000,000 on October 16, 2025. Want to learn more about 540 Iolani Avenue? Do you have questions about finding other Apartment real estate for sale in Honolulu? You can browse all Honolulu real estate or contact a Coldwell Banker agent to request more information.

