2459 Kapiolani Boulevard
Honolulu, HI 96826
$3,400,000
Price
14
Beds
5,280 Sq. Ft.
$644 / Sq. Ft.
5,280
Sq. Ft.
$644
per Sq. Ft.
Description
Rare opportunity to own a multi-family property in a prime location on Kapiolani Blvd! This large 9,503 square feet A-3 zoned land is in the McCully/Moiliili neighborhood between University Ave and Kamoku Street. The property has 10 units total: 6 one-bedroom, one-bath units and 4 two-bedroom, one-bath units. 9-pkg stalls, 11 electric meters, 1 water meter, on-site common coin (owned) W/D laundry. The building is not in a flood zone & has C&C trash pick-up service, a potential $15-20K savings. Front...Rare opportunity to own a multi-family property in a prime location on Kapiolani Blvd! This large 9,503 square feet A-3 zoned land is in the McCully/Moiliili neighborhood between University Ave and Kamoku Street. The property has 10 units total: 6 one-bedroom, one-bath units and 4 two-bedroom, one-bath units. 9-pkg stalls, 11 electric meters, 1 water meter, on-site common coin (owned) W/D laundry. The building is not in a flood zone & has C&C trash pick-up service, a potential $15-20K savings. Front bldg: 2 stories. Hollow tile (built 1959). 6 spacious one-bedroom, one-bath units (504 sqft). 1st floor units with courtyard. Back bldg: 2 stories. Hollow tile on 1st floor & wood frame on 2nd floor (built 1953). 4 two-bedroom, one-bath units (563 sqft). Fully occupied - primarily long-term tenants, most on MTM. Current rents are below market allowing buyer room to upgrade units and maximize income. Ideally located between University of Hawaii at Manoa and Waikiki. Convenient to Iolani School / Ala Wai Elementary School, UH, Ala Wai Golf Course, Parks, Diamond Head, McCully and Ala Moana Shopping Center, on/off freeway, bus lines, and more!
- Listed by Stephanie L Chan • License #RB-19292 • Locations LLC • (808) 735-4200
Property Details for 2459 Kapiolani Boulevard
View
City, Diamond Head, Mountain
Zoning13 - A-3 High Density Apartment
NeighbourhoodKAPIOLANI
Flood ZoneZone X
Stories/LevelsTwo
Land TenureFS - Fee Simple
LISTING UPDATED: 12/10/2024 02:11 PM
Property Details for 2459 Kapiolani Boulevard
| Status | Active |
|---|---|
| MLS # | 202427991 |
| Days on Market | 20 |
| Taxes | $762 / month |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Multi-Family |
| Year Built | 1953 |
| Lot Size | 0.22 AC / 9,503 SF |
| County | Honolulu County |
Building Information for 2459 Kapiolani Boulevard
Stories-Residences10Year Built1953Building Size-Lot Size0.22 AC / 9,503 SF
Property Information for 2459 Kapiolani Boulevard
Summary
Location and General Information
- Topography: Level
- City: Honolulu
- County Or Parish: Oahu
- State Or Province: HI
Taxes and HOA Information
- Tax Amount: $761.66
- Tax Assessed Value: $2,611,400.00
- Tax Assessed Value Improvements: $223,900.00
- Tax Assessed Value Land: $2,387,500.00
- Tax Year: 2024
- Parcel Number: 1-2-7-019-004-0000
- HOA YN: No
School Information
- Elementary School: Ala Wai
- High School: Kaimuki
- Middle Or Junior School: Washington
Parking
- Parking Features: Assigned, Open
- Parking Total: 9
- Other Parking Features: None
Property
Lot Information
- Property Sub Type: Multi-Family
- Property Type: Multi-Family
- SQFT Building: 5280.0
- Sqft Total: 5280.0
- Land Recorded: Land Court
- Lot Features: Clear
- Lot Size Area: 9503.0
- Year Built: 1953
- Building Type: Apartments, Multi Dwellings
Property and Assessments
- Photo Count: 25
- Property Condition: Average
- Special Listing Conditions: None
- Disclosures: Non Resident Owner
- Foreclosure: No
- Set Backs: Of Record
- Supplement Count: 0
- TMK Area: 127
- TMK Condo Property Regime Number: 0
- TMK Division: 1
- TMK Parcel: 4
- TMKPLAT: 19
- TMK Section: 7
- TMK Zone: 2
Utilities
- Utilities: Overhead Electricity, Public Water
- Sewer: Connected
- Utilities Meters: Electric, Water
Interior and Exterior Features
Exterior Features
- Amenities: None
- Construction Materials: Masonry/Stucco, Wood Frame
- Easements: None
- Roof: Asphalt Shingle
Interior Features
- Laundry Facilities: Coin, Dryer, Washer
Multi Family
Multi-Family Information
- Studio Units Number Of: 0
- Unit One Number Of Bed: 6
- Unit Three Number Of Bed: 0
- Unit Two Number Of Bed: 4
- Number Of Units Total: 10
Income & Expenses
- Total Annual Operating Expenses: $43,329.00
- Total Income: $.00
- Expenses Include: Excise Tax, Insurance, Mgmt Fee, Property Tax
- Net Operating Income: $107,770.00
- Other Income: $266.00
Agent
Sale and Listing
- DOM: 19
- Immoviewer: No
- Listing Service: Full Service
- MLS: HI Central
- MLS Area Major: Metro
- Status: Active
- Public Remarks: Rare opportunity to own a multi-family property in a prime location on Kapiolani Blvd! This large 9,503 square feet A-3 zoned land is in the McCully/Moiliili neighborhood between University Ave and Kamoku Street. The property has 10 units total: 6 one-bedroom, one-bath units and 4 two-bedroom, one-bath units. 9-pkg stalls, 11 electric meters, 1 water meter, on-site common coin (owned) W/D laundry. The building is not in a flood zone & has C&C trash pick-up service, a potential $15-20K savings. Front bldg: 2 stories. Hollow tile (built 1959). 6 spacious one-bedroom, one-bath units (504 sqft). 1st floor units with courtyard. Back bldg: 2 stories. Hollow tile on 1st floor & wood frame on 2nd floor (built 1953). 4 two-bedroom, one-bath units (563 sqft). Fully occupied - primarily long-term tenants, most on MTM. Current rents are below market allowing buyer room to upgrade units and maximize income. Ideally located between University of Hawaii at Manoa and Waikiki. Convenient to Iolani School / Ala Wai Elementary School, UH, Ala Wai Golf Course, Parks, Diamond Head, McCully and Ala Moana Shopping Center, on/off freeway, bus lines, and more!
- Possession: At Closing, Subject To Tenancy
Showing and Remarks
- Showing Instructions: Two Day Notice Reqd, Appointment Only, Call Assistant, Call Listor, Listor Must Be Present
Rental
Rent Information
- Tenants Responsibilities Include: Cable TV, Electricity, Other
- Total Actual Rent: $12,325.00
Property History for 2459 Kapiolani Boulevard
| 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 2459 Kapiolani Boulevard
Taxable ValueLand$2,387,500Additions$223,900Total$2,611,400
Tax Record2023$8,709 ($726 / month)
Home Facts
Total Finished SqFt3,024 SqFtAbove Grade Finished SqFt3,024 SqFtStories2Lot Size9,503 SqFtStyleMulti-Family Res (5+ Units)Year Built1959ZoningA-3 APARTMENTCountyHONOLULUAPN1-2-7-019-004
Schools near 2459 Kapiolani Boulevard
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 |
|---|---|---|
Ala Wai 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 Locations LLC, Stephanie L Chan, License #RB-19292