1003 3rd Avenue

Honolulu, HI 96816

$2,888,000
Price
7
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
an aerial view of a house with a garden and lake view
an outdoor space with seating
a car parked in front of a house
a view of a street with cars
a view of street with parked cars
a view of a patio with a table and chairs under an umbrella
an aerial view of a house with a yard and a garage
an aerial view of houses with outdoor space
an aerial view of a house with a swimming pool
an aerial view of multiple houses with outdoor space
a view of a city
a view of a city
an aerial view of multiple house
an aerial view of a
an aerial view of a house with a yard and garden
an aerial view of residential houses with outdoor space
an aerial view of a house with a yard and potted plants
an aerial view of a house with a yard and sitting area
an aerial view of a house with yard
an aerial view of a house with outdoor space
an aerial view of a city
an aerial view of city
a view of a city

Description

Huge price reduction! Investor's gem in the highly desired Kaimuki area. This rare opportunity with a lot size of 15,600 sq. ft. in a R-3.5 zone. The property currently has a total of 12 rental units (5 Studios, 6 One Bedroom, 1 Two Bedroom). 5 separate
structures on a corner block of your own stretching from 3rd Ave to Palima Pl., across Pahoa Ave. Property has 11
individual electric meters, 11 individual gas meters, and 2 water meters. Conveniently located near freeway on/off
ramps, handful of restaurants...Huge price reduction! Investor's gem in the highly desired Kaimuki area. This rare opportunity with a lot size of 15,600 sq. ft. in a R-3.5 zone. The property currently has a total of 12 rental units (5 Studios, 6 One Bedroom, 1 Two Bedroom). 5 separate
structures on a corner block of your own stretching from 3rd Ave to Palima Pl., across Pahoa Ave. Property has 11
individual electric meters, 11 individual gas meters, and 2 water meters. Conveniently located near freeway on/off
ramps, handful of restaurants and businesses on Waialae Ave. & Kapahulu Ave, Market City Shopping Center,
Kapahulu Shopping Center, Waikiki. Buyers to do their own due diligence. Photos with outlines are only for
general guidelines and do not depict actual lot boundaries. All showings are by appointment only, please
do not enter the premises and disturb the tenants.
  1. Listed by Brian Chua • License #RB-21314 • Five Star Realty, Inc. • (808) 382-6871
  2. Listed by Tiffany D Tu • License #RS-78444 • Top Property Management LLC • (808) 382-6871

Property Details for 1003 3rd Avenue

View
City, Other
Zoning
07 - R-3.5 Residential District
Neighbourhood
KAIMUKI
Flood Zone
Zone X
Stories/Levels
One, Two
Land Tenure
FS - Fee Simple
LISTING UPDATED: 10/11/2024 05:53 PM

Property Details for 1003 3rd Avenue

StatusActive
MLS #202413986
Days on Market96
Taxes$864 / month
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Multi-Family
Year Built1942
Lot Size0.36 AC / 15,600 SF
CountyHonolulu County

Building Information for 1003 3rd Avenue

Stories-Residences12Year Built1942Building Size-Lot Size0.36 AC / 15,600 SF

Property Information for 1003 3rd Avenue

Summary
Location and General Information
  • Topography: Gentle Slope, Level
  • City: Honolulu
  • County Or Parish: Oahu
  • State Or Province: HI
  • Location: Other
Taxes and HOA Information
  • Tax Amount: $864.00
  • Tax Assessed Value: $2,961,100.00
  • Tax Assessed Value Improvements: $234,600.00
  • Tax Assessed Value Land: $2,726,500.00
  • Tax Year: 2024
  • Parcel Number: 1-3-2-010-048-0000
  • HOA YN: No
Parking
  • Parking Features: Open
  • Parking Total: 12
  • Other Parking Features: None
Property
Lot Information
  • Property Frontage: Other
  • Property Sub Type: Multi-Family
  • Property Type: Multi-Family
  • Land Recorded: Regular System
  • Lot Features: Other
  • Lot Size Area: 15600.0
  • Year Built: 1942
  • Building Type: Multi Dwellings
Property and Assessments
  • Documents: P&L, Survey
  • Photo Count: 25
  • Property Condition: Average
  • Special Listing Conditions: None
  • Disclosures: None
  • Foreclosure: No
  • Set Backs: C&C, Of Record
  • Supplement Count: 3
  • TMK Area: 132
  • TMK Condo Property Regime Number: 0
  • TMK Division: 1
  • TMK Parcel: 48
  • TMKPLAT: 10
  • TMK Section: 2
  • TMK Zone: 3
Utilities
  • Utilities: Cable, Gas, Internet, Overhead Electricity, Public Water, Water
  • Sewer: Connected
  • Utilities Meters: Electric, Gas, Water
Interior and Exterior Features
Exterior Features
  • Amenities: None, A/C
  • Construction Materials: Single Wall
  • Easements: Other
  • Elevators Number Of: 0
  • Recreation Facilities: None
  • Roof: Asphalt Shingle, Other
Interior Features
  • Furnished: Partial
  • Laundry Facilities: None, Individual
Multi Family
Multi-Family Information
  • Studio Units Number Of: 6
  • Unit One Number Of Bed: 5
  • Unit Three Number Of Bed: 0
  • Unit Two Number Of Bed: 1
  • Number Of Units Total: 12
Income & Expenses
  • Total Annual Operating Expenses: $32,197.00
  • Total Income: $194,220.00
  • Expenses Include: Insurance, Property Tax, Repair Maintenance
  • Net Operating Income: $162,023.00
  • Other Income: $.00
Agent
Sale and Listing
  • DOM: 88
  • Immoviewer: No
  • Listing Service: Full Service
  • Management Company Name: Owner Self-Managed
  • MLS: HI Central
  • MLS Area Major: DiamondHd
  • Status: Active
  • Public Remarks: HUGE PRICE REDUCTION! Investor's gem in the highly desired Kaimuki area. This rare opportunity with a lot size of 15,600 sq. ft. in a R-3.5 zone. The property currently has a total of 12 rental units (5 Studios, 6 One Bedroom, 1 Two Bedroom). 5 separate structures on a corner block of your own stretching from 3rd Ave to Palima Pl., across Pahoa Ave. Property has 11 individual electric meters, 11 individual gas meters, and 2 water meters. Conveniently located near freeway on/off ramps, handful of restaurants and businesses on Waialae Ave. & Kapahulu Ave, Market City Shopping Center, Kapahulu Shopping Center, Waikiki. Buyers to do their own due diligence. Photos with outlines are only for general guidelines and do not depict actual lot boundaries. ALL SHOWINGS ARE BY APPOINTMENT ONLY, PLEASE DO NOT ENTER THE PREMISES AND DISTURB THE TENANTS.
  • Possession: At Closing
Showing and Remarks
  • Showing Instructions: Appointment Only, Call Listor, Listor Must Be Present, Use ShowingTime
Rental
Rent Information
  • Tenants Responsibilities Include: Electricity, Gas
  • Total Actual Rent: $16,185.00

Property History for 1003 3rd Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1003 3rd Avenue

Taxable ValueLand$2,726,500Additions$234,600Total$2,961,100
Tax Record2023$10,341 ($862 / month)
Home Facts
Baths5Total Finished SqFt1,950 SqFtAbove Grade Finished SqFt1,950 SqFtStories1Lot Size15,600 SqFtStyleMulti-Family Res (5+ Units)Year Built1942ZoningR-3.5 RESIDENCountyHONOLULUAPN1-3-2-010-048

Schools near 1003 3rd Avenue

This home is within Hawaii Department Of Education.
Rating
School
Type
Grades
Distance
Prince Jonah Kuhio Elementary School
Public - PK to 5
President George Washington Middle School
Public - 6 to 8
Kaimuki High School
Public - 9 to 12
Hawaii School For The Deaf And Blind
Public - PK to 12
Rating
School
Distance
Prince Jonah Kuhio Elementary School
PublicPK to 5

President George Washington Middle School
Public6 to 8

Kaimuki High School
Public9 to 12

Hawaii School For The Deaf And Blind
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1003 3rd Avenue, Honolulu, HI 96816

1003 3rd Avenue is a multi-family home for sale in Honolulu, HI 96816. This property was listed for sale on June 11, 2024 by Five Star Realty, Inc., it's currently listed at $2,888,000. It has been on the market for a total of 96 days and was last sold on July 18, 2022. This listing's school district is Hawaii Department Of Education. Nearby schools include Prince Jonah Kuhio Elementary School, President George Washington Middle School and Kaimuki High School. 1003 3rd Avenue is a 7-bed, 0-bath, multi-family home built in 1942.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Five Star Realty, Inc., Brian Chua, License #RB-21314; Top Property Management LLC, Tiffany D Tu, License #RS-78444