1210 Palama Street
Honolulu, HI 96817
$1,480,000
Price
7
Beds
2,148 Sq. Ft.
$689 / Sq. Ft.
2,148
Sq. Ft.
$689
per Sq. Ft.
Description
Fantastic investment opportunity! Large 7,960 sq ft lot zoned R-5 with 3 separate detached dwellings with 3 separate electric meters. Main house is a 2-story house with 6 bedrooms and 2 baths. 2 separate 2 bedrooms 1 bath cottages in the rear of property. Each dwelling has its own physical address: 1210 Palama St., 1210A Palama St. & 1210B Palama St. respectively. All dwellings currently rented out for $6500/month on month-to-month leases. Large driveway in front for ample parking on property. Sewer...Fantastic investment opportunity! Large 7,960 sq ft lot zoned R-5 with 3 separate detached dwellings with 3 separate electric meters. Main house is a 2-story house with 6 bedrooms and 2 baths. 2 separate 2 bedrooms 1 bath cottages in the rear of property. Each dwelling has its own physical address: 1210 Palama St., 1210A Palama St. & 1210B Palama St. respectively. All dwellings currently rented out for $6500/month on month-to-month leases. Large driveway in front for ample parking on property. Sewer connection application approved on Dec. 2022 (see supplements). Conveniently located in the center of Honolulu with easy accesses to the freeways. The property is to be sold in "As-Is" condition. Number of bedrooms and bathrooms don't match tax records.
- Listed by Victor WT Cheung • License #RS-79214 • Loyal Realty, LLC • (808) 739-2291
Property Details for 1210 Palama Street
View
None
Zoning05 - R-5 Residential District
NeighbourhoodKAPALAMA
Flood ZoneZone X
Stories/LevelsOne, Two
Land TenureFS - Fee Simple
LISTING UPDATED: 08/28/2024 10:48 AM
Property Details for 1210 Palama Street
| Status | Active |
|---|---|
| MLS # | 202418865 |
| Days on Market | 96 |
| Taxes | $322 / month |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Multi-Family |
| Year Built | 1929 |
| Lot Size | 0.18 AC / 7,960 SF |
| County | Honolulu County |
Building Information for 1210 Palama Street
Stories-Residences3Year Built1929Building Size-Lot Size0.18 AC / 7,960 SF
Property Information for 1210 Palama Street
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: $322.00
- Tax Assessed Value: $1,103,300.00
- Tax Assessed Value Improvements: $204,400.00
- Tax Assessed Value Land: $898,900.00
- Tax Year: 2024
- Parcel Number: 1-1-6-001-052-0000
- HOA YN: No
School Information
- Elementary School: Likelike
- High School: Mckinley
- Middle Or Junior School: Keelikolani
Parking
- Parking Features: Open
- Parking Total: 4
- Other Parking Features: None
Property
Lot Information
- Property Sub Type: Multi-Family
- Property Type: Multi-Family
- SQFT Building: 2148.0
- Sqft Total: 2148.0
- Land Recorded: Regular System
- Lot Features: Clear
- Lot Size Area: 7960.0
- Year Built: 1929
- Year Remodeled: 1950
- Building Type: Multi Dwellings
Property and Assessments
- Photo Count: 2
- Property Condition: Fair
- Special Listing Conditions: None
- Disclosures: 1031 Exchange
- Foreclosure: No
- Set Backs: Of Record
- Supplement Count: 0
- TMK Area: 116
- TMK Condo Property Regime Number: 0
- TMK Division: 1
- TMK Parcel: 52
- TMKPLAT: 1
- TMK Section: 6
- TMK Zone: 1
Utilities
- Utilities: Cable, Internet, Overhead Electricity, Public Water, Telephone
- Sewer: Connected
- Utilities Meters: Electric, Water
Interior and Exterior Features
Exterior Features
- Amenities: None
- Construction Materials: Above Ground, Hollow Tile, Single Wall, Wood Frame
- Easements: Other
- Recreation Facilities: None
- Roof: Composition
Interior Features
- Furnished: None
- Laundry Facilities: Coin
Multi Family
Multi-Family Information
- Studio Units Number Of: 0
- Unit One Number Of Bed: 0
- Unit Three Number Of Bed: 1
- Unit Two Number Of Bed: 2
- Number Of Units Total: 3
Income & Expenses
- Total Annual Operating Expenses: $9,300.00
- Total Income: $80,400.00
- Expenses Include: Property Tax, Sewer Fee
- Net Operating Income: $71,100.00
- Other Income: $.00
Agent
Sale and Listing
- DOM: 0
- Listing Service: Full Service
- MLS: HI Central
- MLS Area Major: Metro
- Status: Active
- Public Remarks: Fantastic investment opportunity!!! Large 7,960 sq ft lot zoned R-5 with 3 separate detached dwellings with 3 separate electric meters. Main house is a 2-story house with 6 bedrooms and 2 baths. 2 separate 2 bedrooms 1 bath cottages in the rear of property. Each dwelling has its own physical address: 1210 Palama St., 1210A Palama St. & 1210B Palama St. respectively. All dwellings currently rented out for $6500/month on month-to-month leases. Large driveway in front for ample parking on property. Sewer connection application approved on Dec. 2022 (see supplements). Conveniently located in the center of Honolulu with easy accesses to the freeways. The property is to be sold in "As-Is" condition. Number of bedrooms and bathrooms don't match tax records.
- Possession: At Closing
Showing and Remarks
- Showing Instructions: Call Listor
Rental
Rent Information
- Tenants Responsibilities Include: Cable TV, Electricity
- Total Actual Rent: $6,700.00
Property History for 1210 Palama 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 1210 Palama Street
Taxable ValueLand$898,900Additions$204,400Total$1,103,300
Tax Record2023$4,168 ($347 / month)
Home Facts
Beds6Baths4Total Finished SqFt1,108 SqFtAbove Grade Finished SqFt1,108 SqFtStories1Lot Size7,960 SqFtStyleSingle Family ResidenceYear Built1929Year Renovated1950ZoningR-5 RESIDENTICountyHONOLULUAPN1-1-6-001-052
Schools near 1210 Palama 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 - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
Princess Miriam K Likelike Elementary School PublicPK to 5 | ||
Princess Ruth Keelikolani Middle School Public6 to 8 | ||
President William Mckinley High School Public9 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 Loyal Realty, LLC, Victor WT Cheung, License #RS-79214