1125 Hassinger Street
Honolulu, HI 96822
$3,380,000
Price
1
Beds
2,817 Sq. Ft.
$1,200 / Sq. Ft.
2,817
Sq. Ft.
$1,200
per Sq. Ft.
Description
A prime multifamily investment opportunity in the strongest rental neighborhoods, Makiki, Honolulu. The 13-unit building consisting of 12 (studios) & 1 (1bd/1ba) unit has a current gross income of $223K/year. The owner has completed improvements such as new windows, flooring, exterior and interior paint, and entry doors. Tenants have access to a common laundry area. There are 5 parking stalls on-site. Utilities are the owner's responsibility as there is only one house meter, for electricity, water,...A prime multifamily investment opportunity in the strongest rental neighborhoods, Makiki, Honolulu. The 13-unit building consisting of 12 (studios) & 1 (1bd/1ba) unit has a current gross income of $223K/year. The owner has completed improvements such as new windows, flooring, exterior and interior paint, and entry doors. Tenants have access to a common laundry area. There are 5 parking stalls on-site. Utilities are the owner's responsibility as there is only one house meter, for electricity, water, and gas. Within proximity to Safeway Beretania, post office, bust routes, and freeway access.
- Listed by Kynan Pang • License #RB-23513 • Kynan K L Pang
Property Details for 1125 Hassinger Street
View
None
Zoning12 - A-2 Medium Density Apartme
NeighbourhoodMAKIKI AREA
Flood ZoneZone X
Stories/LevelsTwo
Land TenureFS - Fee Simple
LISTING UPDATED: 12/15/2024 08:03 AM
Property Details for 1125 Hassinger Street
| Status | Active |
|---|---|
| MLS # | 202428319 |
| Days on Market | 5 |
| Taxes | $408 / month |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Multi-Family |
| Year Built | 1928 |
| Lot Size | 0.12 AC / 5,079 SF |
| County | Honolulu County |
Building Information for 1125 Hassinger Street
Stories-Residences13Year Built1928Building Size-Lot Size0.12 AC / 5,079 SF
Property Information for 1125 Hassinger Street
Summary
Location and General Information
- Topography: Level
- City: Honolulu
- County Or Parish: Oahu
- State Or Province: HI
Taxes and HOA Information
- Tax Amount: $408.00
- Tax Assessed Value: $1,401,300.00
- Tax Assessed Value Improvements: $313,600.00
- Tax Assessed Value Land: $1,087,700.00
- Tax Year: 2024
- Parcel Number: 1-2-4-019-072-0000
- HOA YN: No
Parking
- Parking Features: Assigned
- Parking Total: 5
- Other Parking Features: None
Property
Lot Information
- Property Sub Type: Multi-Family
- Property Type: Multi-Family
- SQFT Building: 2817.0
- Sqft Total: 2817.0
- Land Recorded: Regular System
- Lot Features: Other
- Lot Size Area: 5079.0
- Year Built: 1928
- Year Remodeled: 1975
- Building Type: Apartments
Property and Assessments
- Documents: P&L
- Photo Count: 18
- Property Condition: Excellent
- Special Listing Conditions: None
- Disclosures: 1031 Exchange, Call Listor
- Foreclosure: No
- Set Backs: None
- Supplement Count: 0
- TMK Area: 124
- TMK Condo Property Regime Number: 0
- TMK Division: 1
- TMK Parcel: 72
- TMKPLAT: 19
- TMK Section: 4
- TMK Zone: 2
Utilities
- Utilities: Gas, Overhead Electricity, Sewer Fee, Water
- Sewer: Connected
- Utilities Meters: Electric, Gas, Water
Interior and Exterior Features
Exterior Features
- Amenities: Storage
- Construction Materials: Above Ground
- Easements: None
- Roof: Asphalt Shingle
Interior Features
- Laundry Facilities: Other
Multi Family
Multi-Family Information
- Studio Units Number Of: 12
- Unit One Number Of Bed: 1
- Unit Three Number Of Bed: 0
- Unit Two Number Of Bed: 0
- Number Of Units Total: 13
Income & Expenses
- Total Annual Operating Expenses: $90,364.00
- Total Income: $223,200.00
- Expenses Include: Excise Tax, Insurance, Mgmt Fee, Property Tax, Repair Maintenance, Sewer Fee
- Net Operating Income: $127,255.00
- Other Income: $.00
Agent
Sale and Listing
- DOM: 0
- Immoviewer: No
- Listing Service: Full Service
- MLS: HI Central
- MLS Area Major: Metro
- Status: Active
- Public Remarks: A prime multifamily investment opportunity in the strongest rental neighborhoods, Makiki, Honolulu. The 13-unit building consisting of 12 (studios) & 1 (1bd/1ba) unit has a current gross income of $223K/year. The owner has completed improvements such as new windows, flooring, exterior and interior paint, and entry doors. Tenants have access to a common laundry area. There are 5 parking stalls on-site. Utilities are the owner's responsibility as there is only one house meter, for electricity, water, and gas. Within proximity to Safeway Beretania, post office, bust routes, and freeway access.
- Possession: At Closing
Showing and Remarks
- Showing Instructions: Two Day Notice Reqd, Appointment Only, Call Listor, Listor Must Be Present
Rental
Rent Information
- Tenants Responsibilities Include: None
- Total Actual Rent: $18,600.00
Property History for 1125 Hassinger Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1125 Hassinger Street
Taxable ValueLand$1,087,700Additions$313,600Total$1,401,300
Tax Record2023$4,207 ($351 / month)
Home Facts
Total Finished SqFt2,817 SqFtAbove Grade Finished SqFt2,817 SqFtStories2Lot Size5,079 SqFtStyleMulti-Family Res (5+ Units)Year Built1928Year Renovated1975ZoningA-2 APARTMENTCountyHONOLULUAPN1-2-4-019-072
Schools near 1125 Hassinger Street
This home is within Hawaii Department Of Education.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | 4 to 12 |
Rating | School | Distance |
|---|---|---|
Queen Kaahumanu Elementary School PublicPK to 5 | ||
Robert Louis Stevenson Middle School Public6 to 8 | ||
President William Mckinley High School Public9 to 12 | ||
Halau Ku Mana Public Charter School Charter4 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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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 Kynan K L Pang, Kynan Pang, License #RB-23513