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$1,950,000
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Property Description
Great Opportunity to build a 30 unit rental building in a prime location near Ala Moana Center in the heart of urban Honolulu. WalkScore gives the property a 98/100 as there are so many stores, restaurants, and jobs nearby. The property has been approved by the sewer department for 30 units. Architectural renderings are for illustrative purposes only. Bill 7 encourages new multifamily development by offering huge fee waivers for water, sewer, permits, and 10 years of property tax abatement for a new building! The existing 3 unit apartment building features a 3 bedroom 2 bath on the ground floor and on the second floor there is 2 bedroom, 2 bath and a 1 bedroom, 1 bath. Each unit is separately metered for electric and water and has its own washer and dryer. There is a total of 7 parking stalls. Depending on the layout of the new building, it is possible to increase the number of parking stalls.
Full Property Details
Full Property Details for 735 Birch St
General
- Sold For: $1,950,000
- Taxes: $6,576 (2023)
- Status: Closed
- Type: Multi-Family
- Source: Honolulu_Board_Of_Realtors
- MLS ID: 202311374
- Added to Site: 1, 007 day(s) ago
Rooms
Other Rooms
- Laundry: Dryer, Washer
Additional Information
- Amenities: A/C
- Recreation: None
Parking
- Parking Features: Assigned
- Parking Type: Assigned
- Other Parking Type: None
Location
- Area: Metro
- County: Oahu
- Neighborhood: ALA MOANA
Community
- Mgmt. Company: Sunwide Properties
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.: Above Ground, Double Wall, Hollow Tile, Wood Frame
- Roof: Composition
- Stories/Levels: 2
- Stories Description: Two
- Square Feet: 2,992
- Year Built: 1990
- Remodeled/Updated: 2004
- Property Condition: Above Average
Unit Information
- 1 Bedroom Units: 1
- 2 Bedroom Units: 1
- 3 Bedroom Units: 1
Lot Features
- Property View: None
- Lot Size (Sq. Ft.): 6,008
- Topography: Level
- Lot Features: Clear
- Zoning: 12 - A-2 Medium Density Apartme
- Lot Description: Clear
Financial Considerations
- Expenses: Excise Tax, Insurance, Property Tax, Repair Maintenance
- Operating Expenses: $15,900
- Tax Amount: $6,576
- Tax Year: 2023
- Terms: Cash, Conventional, Exchange
- Tenant Pays: AC, Cable TV, Electricity, Parking, Water
Disclosures and Reports
- Ownership: FS - Fee Simple
- Special Conditions: None
- Land Tenure: Fee Simple
- Flood Zone: Zone X
- Disclosures/Reports: 1031 Exchange, Licensed Owner, Listor Owner
- Property ID: 1-2-3-014-021-0000
Listed by Sunwide Properties
Sold by Locations LLC
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Schools
Schools serving 735 Birch St
School District:Hawaii Department of Education
| Name | Grades | Distance |
|---|---|---|
Queen Kaahumanu Elementary School 1141 Kinau Street, Honolulu, HI 96814 | PK-5 | 0.4 mi |
President George Washington Middle School 1633 South King Street, Honolulu, HI 96826 | 6-8 | 0.6 mi |
President William Mckinley High School 1039 South King Street, Honolulu, HI 96814 | 9-12 | 0.3 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 735 Birch St
Date
Details
Price
Change
Source
10/13/2023
Sold
$1,950,000
-7.1%
MLS
6/12/2023
Price Reduced
$2,099,000
-2.33%
MLS
5/23/2023
Listed
$2,149,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
735 Birch Street, Honolulu, HI 96814 (MLS# 202311374) is a Multi-Family property that was sold at $1,950,000 on October 13, 2023. Want to learn more about 735 Birch Street? Do you have questions about finding other Multi-Family real estate for sale in Ala Moana? You can browse all Ala Moana real estate or contact a Coldwell Banker agent to request more information.

