1254 Lunalilo Street
Honolulu, HI 96822
$5,000,000
Price
18
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Description
Do you desire to expand your growing investment portfolio with a centrally-located multiunit property? Check out the possibilities of 1254 Lunalilo Street! Tucked away in an extremely convenient area is this 15-unit concrete multiunit building featuring a desirable 1:1 parking ratio, separate electric meters, and a secured laundry area with two washers, two dryers, and a utility sink. Boasting 12-one bedroom units and 3-two bedroom units, the property allows for maximum resident comfort. Each unit...Do you desire to expand your growing investment portfolio with a centrally-located multiunit property? Check out the possibilities of 1254 Lunalilo Street! Tucked away in an extremely convenient area is this 15-unit concrete multiunit building featuring a desirable 1:1 parking ratio, separate electric meters, and a secured laundry area with two washers, two dryers, and a utility sink. Boasting 12-one bedroom units and 3-two bedroom units, the property allows for maximum resident comfort. Each unit features an open layout, neutral interior paint, a spacious living/dining area, storage closets, and a fully-equipped kitchen with a gas stove, pantry, and ample cabinets. Bedrooms are well-sized with generous closet space, while each full bathroom includes a shower/tub combo, medicine cabinet, and a storage vanity. Outdoor relaxation is a breeze with all units featuring a cozy balcony. Tenants will enjoy easy access to transportation, shopping, restaurants, entertainment, and Makiki Park. NOI is actual. Please contact Listor with additional questions. Interior showings will be subjected to accepted offer. Please submit offers using the Commercial PSA. DO NOT DISTURB tenants.
- Listed by Derek C Lau • License #RB-19796 • Real Estate Specialists • (808) 791-3709
Property Details for 1254 Lunalilo Street
View
City
Zoning12 - A-2 Medium Density Apartme
NeighbourhoodMAKIKI AREA
Flood ZoneZone X
Stories/Levels4-7
Land TenureFS - Fee Simple
LISTING UPDATED: 03/06/2024 04:44 PM
Property Details for 1254 Lunalilo Street
| Status | Active |
|---|---|
| MLS # | 202404884 |
| Days on Market | 280 |
| Taxes | $598 / month |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Multi-Family |
| Year Built | 1969 |
| Lot Size | 0.16 AC / 6,925 SF |
| County | Honolulu County |
Building Information for 1254 Lunalilo Street
Stories-Residences15Year Built1969Building Size-Lot Size0.16 AC / 6,925 SF
Property Information for 1254 Lunalilo Street
Summary
Location and General Information
- Topography: Level
- City: Honolulu
- County Or Parish: Oahu
- State Or Province: HI
Taxes and HOA Information
- Tax Amount: $598.00
- Tax Assessed Value: $2,047,300.00
- Tax Assessed Value Improvements: $800,400.00
- Tax Assessed Value Land: $1,246,900.00
- Tax Year: 2023
- Parcel Number: 1-2-4-020-017-0000
- HOA YN: No
Parking
- Parking Features: Assigned
- Parking Total: 15
- Other Parking Features: None
Virtual Tour
- Virtual Tour URL Unbranded: https://listings.hetproductions.com/videos/e1ea917a-a3e7-4c1b-aefe-57b9e9dc3b09
Property
Lot Information
- Property Sub Type: Multi-Family
- Property Type: Multi-Family
- Land Recorded: Regular System
- Lot Features: Clear
- Lot Size Area: 6925.0
- Year Built: 1969
- Building Type: Apartments
Property and Assessments
- Documents: Lease Documents, P&L
- Photo Count: 13
- Property Condition: Above Average
- Special Listing Conditions: None
- Disclosures: Call Listor
- Foreclosure: No
- Set Backs: Of Record
- TMK Area: 124
- TMK Condo Property Regime Number: 0
- TMK Division: 1
- TMK Parcel: 17
- TMKPLAT: 20
- TMK Section: 4
- TMK Zone: 2
Utilities
- Utilities: Cable, Gas, Internet, Public Water, Telephone, Underground Electricity, Water
- Sewer: Connected
- Utilities Meters: Electric, Individual
Interior and Exterior Features
Exterior Features
- Amenities: Resident Manager
- Construction Materials: Concrete, Hollow Tile
- Easements: None
- Roof: Other
Interior Features
- Furnished: Partial
- Laundry Facilities: Coin, Dryer, Washer
Multi Family
Multi-Family Information
- Studio Units Number Of: 0
- Unit One Number Of Bed: 12
- Unit Three Number Of Bed: 0
- Unit Two Number Of Bed: 3
- Number Of Units Total: 15
Income & Expenses
- Total Annual Operating Expenses: $68,044.00
- Total Income: $194,262.00
- Expenses Include: Excise Tax, Insurance, Mgmt Fee, Property Tax, Repair Maintenance, Sewer Fee
- Net Operating Income: $126,218.00
- Other Income: $38.50
Agent
Sale and Listing
- DOM: 163
- Listing Service: Full Service
- MLS: HI Central
- MLS Area Major: Metro
- Status: Active
- Public Remarks: Do you desire to expand your growing investment portfolio with a centrally-located multiunit property? Check out the possibilities of 1254 Lunalilo Street! Tucked away in an extremely convenient area is this 15-unit concrete multiunit building featuring a desirable 1:1 parking ratio, separate electric meters, and a secured laundry area with two washers, two dryers, and a utility sink. Boasting 12-one bedroom units and 3-two bedroom units, the property allows for maximum resident comfort. Each unit features an open layout, neutral interior paint, a spacious living/dining area, storage closets, and a fully-equipped kitchen with a gas stove, pantry, and ample cabinets. Bedrooms are well-sized with generous closet space, while each full bathroom includes a shower/tub combo, medicine cabinet, and a storage vanity. Outdoor relaxation is a breeze with all units featuring a cozy balcony. Tenants will enjoy easy access to transportation, shopping, restaurants, entertainment, and Makiki Park. NOI is actual. Please contact Listor with additional questions. Interior showings will be subjected to accepted offer. Please submit offers using the Commercial PSA. DO NOT DISTURB tenants.
- Possession: At Closing
Showing and Remarks
- Showing Instructions: Appointment Only, Listor Must Be Present
Rental
Rent Information
- Tenants Responsibilities Include: Cable TV, Electricity
- Total Actual Rent: $16,150.00
Property History for 1254 Lunalilo 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 1254 Lunalilo Street
Taxable ValueLand$1,246,900Additions$801,200Total$2,048,100
Tax Record2023$7,166 ($597 / month)
Home Facts
Total Finished SqFt10,416 SqFtAbove Grade Finished SqFt10,416 SqFtStories4Lot Size6,925 SqFtStyleMulti-Family Res (5+ Units)Year Built1969ZoningA-2 APARTMENTCountyHONOLULUAPN1-2-4-020-017
Schools near 1254 Lunalilo 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 Real Estate Specialists, Derek C Lau, License #RB-19796