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$5,275,000

  • Sold
  • Closed
  • Multi-Family
  • Ala Moana
  • Fee Simple
See This Home
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18 CMU one-bedroom units near Ala Moana with 29 parking stalls! Proforma 5.6% cap rate at market rents. Average in-place rents are $1,183, far below market, and all tenants are month-to-month. Each unit is approx. 491 SF and in classic condition, allowing an investor the opportunity to add value by renovating units and increasing rents to market rates. The property consists of 18 one-bedroom/one-bathroom CMU units, each with a private lanai, and most with a sink and mauka views. The property has a large covered parking garage with 29 parking stalls and ingress/egress from Piikoi and Alder St. The secured laundry room has 2 landlord-owned coin-operated washers and dryers and has its own bathroom for tenant convenience. There is abundant landlord storage space on-site. Building is separately metered for electricity and boasts mature landscaping. Walking distance to Walmart and Ala Moana Shopping Center.

Full Property Details for 715 Piikoi St

General

  • Sold For: $5,275,000
  • Taxes: $10,032 (2023)
  • Status: Closed
  • Type: Multi-Family
  • Source: Honolulu_Board_Of_Realtors
  • MLS ID: 202326083
  • Added to Site: 361 day(s) ago

Rooms

Other Rooms

  • Laundry: Coin

Additional Information

  • Amenities: None
  • Recreation: None

Parking

  • Parking Features: Assigned, Covered
  • Parking Type: Assigned, Covered
  • Other Parking Type: None

Location

  • Area: Metro
  • County: Oahu
  • Neighborhood: ALA MOANA

School Information

  • Elementary School: Kaahumanu
  • Middle School: Washington
  • High School: Mckinley

Utilities

  • Sewer: Connected
  • Utility Description: Overhead Electricity, Public Water, Sewer Fee, Water
  • Metering: Electric, Water

Structural Information

  • Description/Design: Multi-Family
  • Exterior Const.: Concrete, Hollow Tile, Slab
  • Roof: Other
  • Stories/Levels: 3
  • Stories Description: Three
  • Square Feet: 12,636
  • Year Built: 1968
  • Property Condition: Average

Unit Information

  • 1 Bedroom Units: 18

Lot Features

  • Property View: Mountain, Other
  • Mountain views: Yes
  • Lot Size (Sq. Ft.): 8,704
  • Topography: Level
  • Lot Features: Other
  • Zoning: 12 - A-2 Medium Density Apartme
  • Lot Description: Other

Financial Considerations

  • Expenses: Insurance, Property Tax, Sewer Fee
  • Operating Expenses: $36,000
  • Tax Amount: $10,032
  • Tax Year: 2023
  • Terms: Cash, Conventional, 1031 Exchange
  • Tenant Pays: Electricity

Disclosures and Reports

  • Ownership: FS - Fee Simple
  • Special Conditions: None
  • Documents Avail.: Lease Documents, P&L, Survey
  • Land Tenure: Fee Simple
  • Flood Zone: Zone X
  • Disclosures/Reports: None
  • Property ID: 1-2-3-014-058-0000

Listed by Standard Management LLC
Sold by Non-MLS

Listing agent

— 715 Piikoi St —

  • Standard Management LLC

(808) 208-8107

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 715 Piikoi St

School District:Hawaii Department Of Education
RatingNameGradesDistance
4
Queen Kaahumanu Elementary School
1141 Kinau St, Honolulu, HI 96814
K-50.4 mi
6
President George Washington Middle School
1633 S King St, Honolulu, HI 96826
6-80.6 mi
3
President William McKinley High School
1039 S King St, Honolulu, HI 96814
9-120.2 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 715 Piikoi St

Date
Details
Price
Change
Source
7/03/2024
Sold
$5,275,000
-0.47%
MLS
11/28/2023
Listed
$5,300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Standard Management LLC
Sold by Non-MLS

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715 Piikoi Street, Honolulu, HI 96816 (MLS# 202326083) is a Multi-Family property that was sold at $5,275,000 on July 03, 2024. Want to learn more about 715 Piikoi 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.

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