1650 Young Street
Honolulu, HI 96826
$14,000,000
Price
42
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Description
Have you been looking for an established apartment building with overflowing investment potential and an unparalleled location? You’re in luck! This 42-unit apartment building is perfectly situated in the coveted historic neighborhood of Moiliili close to many restaurants, stores, schools, Kapiolani Medical Center (0.6-miles), Ala Moana Center (0.9-miles), University of Hawaii at Manoa (1.1-miles), and Downtown Honolulu (2.1-miles). Equipped with a gated lower-level parking lot and an upper-level...Have you been looking for an established apartment building with overflowing investment potential and an unparalleled location? You’re in luck! This 42-unit apartment building is perfectly situated in the coveted historic neighborhood of Moiliili close to many restaurants, stores, schools, Kapiolani Medical Center (0.6-miles), Ala Moana Center (0.9-miles), University of Hawaii at Manoa (1.1-miles), and Downtown Honolulu (2.1-miles). Equipped with a gated lower-level parking lot and an upper-level parking lot, this building features 42 1BR/1BA units, 1:1 parking ratio, solid concrete construction, keyed elevator, trash chutes on each level, and a secured community laundry room with 4 washers and 4 dryers. Other considerations include separate electric meters, lovely views, loading zone area, and much more! Call now to find out more about adding this building to your investment portfolio! NOI is actual with many under market rent units. Please contact Listor with additional questions and interior showings will be subjected to accepted offer. Please submit offers on the Commercial Purchase and Sale Agreement form. DO NOT DISTURB tenants.
- Listed by Derek C Lau • License #RB-19796 • Real Estate Specialists • (808) 791-3709
Property Details for 1650 Young Street
View
City, Mountain
Zoning17 - AMX-2 Medium Density Apt M
NeighbourhoodMOILIILI
Flood ZoneZone X
Stories/Levels8-14
Land TenureFS - Fee Simple
LISTING UPDATED: 02/29/2024 08:44 PM
Property Details for 1650 Young Street
| Status | Active |
|---|---|
| MLS # | 202403902 |
| Days on Market | 274 |
| Taxes | $1,630 / month |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Multi-Family |
| Year Built | 1973 |
| Lot Size | 0.32 AC / 13,900 SF |
| County | Honolulu County |
Building Information for 1650 Young Street
Stories-Residences42Year Built1973Building Size-Lot Size0.32 AC / 13,900 SF
Property Information for 1650 Young Street
Summary
Location and General Information
- Topography: Level
- City: Honolulu
- County Or Parish: Oahu
- State Or Province: HI
Taxes and HOA Information
- Tax Amount: $1,630.00
- Tax Assessed Value: $5,586,900.00
- Tax Assessed Value Improvements: $2,493,000.00
- Tax Assessed Value Land: $3,093,900.00
- Tax Year: 2023
- Parcel Number: 1-2-8-001-037-0000
- HOA YN: No
Parking
- Parking Features: Assigned, Covered, Open
- Parking Total: 42
- Other Parking Features: None
Virtual Tour
- Virtual Tour URL Unbranded: https://listings.hetproductions.com/videos/c5b6237c-1ecd-40ab-b53e-288449e8e0f5
Property
Lot Information
- Property Sub Type: Multi-Family
- Property Type: Multi-Family
- Land Recorded: Regular System
- Lot Features: Clear
- Lot Size Area: 13900.0
- Year Built: 1973
- Building Type: Apartments
Property and Assessments
- Documents: Lease Documents, P&L
- Photo Count: 22
- Property Condition: Above Average
- Special Listing Conditions: None
- Disclosures: None
- Foreclosure: No
- Set Backs: Of Record
- TMK Area: 128
- TMK Condo Property Regime Number: 0
- TMK Division: 1
- TMK Parcel: 37
- TMKPLAT: 1
- TMK Section: 8
- TMK Zone: 2
Utilities
- Utilities: Cable, Gas, Internet, Overhead Electricity, Public Water, Telephone, Water
- Sewer: Connected
- Utilities Meters: Electric, Individual
Interior and Exterior Features
Exterior Features
- Amenities: Resident Manager, Trash Chute
- Construction Materials: Concrete
- Easements: None
- Roof: Other
Interior Features
- Laundry Facilities: Coin, Dryer, Washer
Multi Family
Multi-Family Information
- Studio Units Number Of: 0
- Unit One Number Of Bed: 42
- Unit Three Number Of Bed: 0
- Unit Two Number Of Bed: 0
- Number Of Units Total: 42
Income & Expenses
- Total Annual Operating Expenses: $242,755.00
- Total Income: $417,653.00
- Expenses Include: Excise Tax, Insurance, Mgmt Fee, Property Tax, Repair Maintenance, Sewer Fee
- Net Operating Income: $174,898.00
- Other Income: $150.00
Agent
Sale and Listing
- DOM: 178
- Listing Service: Full Service
- MLS: HI Central
- MLS Area Major: Metro
- Status: Active
- Public Remarks: Have you been looking for an established apartment building with overflowing investment potential and an unparalleled location? You’re in luck! This 42-unit apartment building is perfectly situated in the coveted historic neighborhood of Moiliili close to many restaurants, stores, schools, Kapiolani Medical Center (0.6-miles), Ala Moana Center (0.9-miles), University of Hawaii at Manoa (1.1-miles), and Downtown Honolulu (2.1-miles). Equipped with a gated lower-level parking lot and an upper-level parking lot, this building features 42 1BR/1BA units, 1:1 parking ratio, solid concrete construction, keyed elevator, trash chutes on each level, and a secured community laundry room with 4 washers and 4 dryers. Other considerations include separate electric meters, lovely views, loading zone area, and much more! Call now to find out more about adding this building to your investment portfolio! NOI is actual with many under market rent units. Please contact Listor with additional questions and interior showings will be subjected to accepted offer. Please submit offers on the Commercial Purchase and Sale Agreement form. DO NOT DISTURB tenants.
- Possession: At Closing
Showing and Remarks
- Showing Instructions: Two Day Notice Reqd, Appointment Only, Call Listor
Rental
Rent Information
- Tenants Responsibilities Include: Cable TV, Electricity, Other
- Total Actual Rent: $34,655.00
Property History for 1650 Young 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 1650 Young Street
Taxable ValueLand$3,210,600Additions$2,506,700Total$5,717,300
Tax Record2023$19,554 ($1,630 / month)
Home Facts
Total Finished SqFt22,504 SqFtAbove Grade Finished SqFt22,504 SqFtStories9Lot Size13,900 SqFtStyleMulti-Family Res (5+ Units)Year Built1973ZoningAMX-2 APT MIXCountyHONOLULUAPN1-2-8-001-037
Schools near 1650 Young 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 - | K to 8 |
Rating | School | Distance |
|---|---|---|
King William Lunalilo Elementary School PublicPK to 5 | ||
President George Washington Middle School Public6 to 8 | ||
Kaimuki High School Public9 to 12 | ||
Voyager - A Public Charter School CharterK to 8 |
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