1218 North King Street
Honolulu, HI 96817
$4,600,000
Price
20
Beds
10,785 Sq. Ft.
$427 / Sq. Ft.
10,785
Sq. Ft.
$427
per Sq. Ft.
Description
Excellent opportunity to manage up to market rents and earn a 6.55% cap! Well maintained three-story BMX-zoned building with mixed use, retail on the bottom front floor. 2 structures connected by a warehouse with 1:1 parking (9 ones, 4 twos, 1 three, and 4 retail [2 of which combine 2 spaces]). Additional parking on the King Street side of the property is used by customers and NOT counted in 17 space total. Owner recently fixed spalling and painted, and has taken excellent care of the building. Located...Excellent opportunity to manage up to market rents and earn a 6.55% cap! Well maintained three-story BMX-zoned building with mixed use, retail on the bottom front floor. 2 structures connected by a warehouse with 1:1 parking (9 ones, 4 twos, 1 three, and 4 retail [2 of which combine 2 spaces]). Additional parking on the King Street side of the property is used by customers and NOT counted in 17 space total. Owner recently fixed spalling and painted, and has taken excellent care of the building. Located across from King St. Post Office and a block from Farrington HS, so easy access to downtown and freeway in all directions.
- Listed by Christina L Dwight • License #RB-20978 • Commercial Inv. Strategies • (808) 429-1098
Property Details for 1218 North King Street
View
City, Mountain, Other, Sunrise
Zoning33 - BMX-3 Community Business M
NeighbourhoodKAPALAMA
Flood ZoneZone X
Stories/LevelsThree
Land TenureFS - Fee Simple
LISTING UPDATED: 11/07/2024 02:57 PM
Property Details for 1218 North King Street
| Status | Active |
|---|---|
| MLS # | 202411839 |
| Days on Market | 212 |
| Taxes | $3,160 / month |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Multi-Family |
| Year Built | 1970 |
| Lot Size | 0.22 AC / 9,507 SF |
| County | Honolulu County |
Building Information for 1218 North King Street
Stories-Residences17Year Built1970Building Size-Lot Size0.22 AC / 9,507 SF
Property Information for 1218 North King Street
Summary
Location and General Information
- Topography: Level
- City: Honolulu
- County Or Parish: Oahu
- State Or Province: HI
- Location: Corner
Taxes and HOA Information
- Tax Amount: $3,160.00
- Tax Assessed Value: $3,061,000.00
- Tax Assessed Value Improvements: $967,500.00
- Tax Assessed Value Land: $2,093,500.00
- Tax Year: 2024
- Parcel Number: 1-1-6-002-063-0000
- HOA YN: No
Parking
- Parking Features: Covered, Tandem
- Parking Total: 17
- Other Parking Features: <10 Spaces
Property
Lot Information
- Property Frontage: Other
- Property Sub Type: Multi-Family
- Property Type: Multi-Family
- SQFT Building: 10785.0
- Sqft Total: 10785.0
- Land Recorded: Regular System
- Lot Features: Clear
- Lot Size Area: 9507.0
- Year Built: 1970
- Year Remodeled: 2022
- Building Type: Apartments, Multi Dwellings
Property and Assessments
- Documents: Lease Documents, P&L, Title Search
- Photo Count: 25
- Property Condition: Excellent
- Special Listing Conditions: None
- Disclosures: 1031 Exchange
- Foreclosure: No
- Set Backs: C&C, Of Record
- Supplement Count: 1
- TMK Area: 116
- TMK Condo Property Regime Number: 0
- TMK Division: 1
- TMK Parcel: 63
- TMKPLAT: 2
- TMK Section: 6
- TMK Zone: 1
Utilities
- Utilities: Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
- Sewer: Connected
- Utilities Meters: Electric, Gas, Individual, Water
Interior and Exterior Features
Exterior Features
- Amenities: Storage
- Construction Materials: Hollow Tile
- Easements: Electric
- Elevators Number Of: 0
- Recreation Facilities: None
- Roof: Other
Interior Features
- Furnished: Partial
- Laundry Facilities: Coin
Multi Family
Multi-Family Information
- Commercial Spaces Number Of: 6
- Studio Units Number Of: 0
- Unit One Number Of Bed: 9
- Unit Three Number Of Bed: 1
- Unit Two Number Of Bed: 4
- Number Of Units Total: 17
Income & Expenses
- Total Annual Operating Expenses: $89,363.00
- Total Income: $315,000.00
- Expenses Include: Excise Tax, Insurance, Other, Property Tax, Repair Maintenance, Sewer Fee
- Net Operating Income: $225,637.00
- Other Income: $500.00
Agent
Sale and Listing
- DOM: 200
- Immoviewer: No
- Listing Service: Full Service
- Management Company Name: Self Managed
- MLS: HI Central
- MLS Area Major: Metro
- Status: Active
- Public Remarks: Excellent opportunity to manage up to market rents and earn a 6.55% cap! Well maintained three-story BMX-zoned building with mixed use, retail on the bottom front floor. 2 structures connected by a warehouse with 1:1 parking (9 ones, 4 twos, 1 three, and 4 retail [2 of which combine 2 spaces]). Additional parking on the King Street side of the property is used by customers and NOT counted in 17 space total. Owner recently fixed spalling and painted, and has taken excellent care of the building. Located across from King St. Post Office and a block from Farrington HS, so easy access to downtown and freeway in all directions.
- Possession: At Closing, Subject To Tenancy
Showing and Remarks
- Showing Instructions: Appointment Only, Call Listor, Listor Must Be Present
Rental
Rent Information
- Tenants Responsibilities Include: AC, Cable TV, Electricity
- Total Actual Rent: $25,750.00
Property History for 1218 North King 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.
Schools near 1218 North King 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 Victoria Kaiulani Elementary School PublicPK to 5 | ||
King David Kalakaua Middle School Public6 to 8 | ||
Governor Wallace Rider Farrington 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 Commercial Inv. Strategies, Christina L Dwight, License #RB-20978