260 North School Street
Honolulu, HI 96817
$2,350,000
Price
12
Beds
4,588 Sq. Ft.
$512 / Sq. Ft.
4,588
Sq. Ft.
$512
per Sq. Ft.
Description
TO BE SOLD with Adjacent Property (Parcel 117-19-8), MLS #202426382. Combined, these properties offer 19 income-generating 2-bedroom, 1-bath units on 26,941 square feet of A-1 zoned land centrally located in Downtown Honolulu. An incredible investment opportunity for the developer, creative investor, or/and contractor! Prime development opportunity on high-income property with potential high-rise (please consult with buyer's architect). This specific parcel includes five plantation-style cottages,...TO BE SOLD with Adjacent Property (Parcel 117-19-8), MLS #202426382. Combined, these properties offer 19 income-generating 2-bedroom, 1-bath units on 26,941 square feet of A-1 zoned land centrally located in Downtown Honolulu. An incredible investment opportunity for the developer, creative investor, or/and contractor! Prime development opportunity on high-income property with potential high-rise (please consult with buyer's architect). This specific parcel includes five plantation-style cottages, each with 2 bedrooms and 1 bath. It provides privacy while being close to bus lines, shopping, restaurants, easy access H-1 freeways (East and West), downtown business districts. The property (5 single family dwellings) is being sold as-is (1 WATER METER, 5 ELECTIC METERS, AND APPROX. 1-2 GAS METERS). Don’t miss out on this rare find—it’s a great buy with amazing potentials on apartment zoning!
- Listed by Brian Chua • License #RB-21314 • Five Star Realty, Inc. • (808) 382-6871
- Listed by Ken Lam • License #RS-85660 • Top Property Management LLC • (808) 382-6871
Property Details for 260 North School Street
View
City, Garden
Zoning11 - A-1 Low Density Apartment
NeighbourhoodKUAKINI
Flood ZoneZone X
Stories/LevelsTwo
Land TenureFS - Fee Simple
LISTING UPDATED: 11/19/2024 05:20 PM
Property Details for 260 North School Street
| Status | Active |
|---|---|
| MLS # | 202426340 |
| Days on Market | 31 |
| Taxes | $488 / month |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Multi-Family |
| Year Built | 1940 |
| Lot Size | 0.21 AC / 9,004 SF |
| County | Honolulu County |
Building Information for 260 North School Street
Stories-Residences5Year Built1940Building Size-Lot Size0.21 AC / 9,004 SF
Property Information for 260 North School Street
Summary
Location and General Information
- Topography: Level
- City: Honolulu
- County Or Parish: Oahu
- State Or Province: HI
- Location: Inside
Taxes and HOA Information
- Tax Amount: $488.02
- Tax Assessed Value: $1,673,200.00
- Tax Assessed Value Improvements: $192,600.00
- Tax Assessed Value Land: $1,480,600.00
- Tax Year: 2024
- Parcel Number: 1-1-7-019-007-0000
- HOA YN: No
Parking
- Parking Features: Assigned, Covered, Open, Tandem
- Parking Total: 8
- Other Parking Features: None
Property
Lot Information
- Property Sub Type: Multi-Family
- Property Type: Multi-Family
- SQFT Building: 4588.0
- Sqft Total: 4588.0
- Land Recorded: Land Court
- Lot Features: Clear
- Lot Size Area: 9004.0
- Year Built: 1940
- Year Remodeled: 2009
- Building Type: Multi Dwellings
Property and Assessments
- Documents: Other
- Photo Count: 11
- Property Condition: Fair
- Special Listing Conditions: None
- Disclosures: Property Disclosure Stmt
- Foreclosure: No
- Set Backs: C&C
- Supplement Count: 4
- TMK Area: 117
- TMK Condo Property Regime Number: 0
- TMK Division: 1
- TMK Parcel: 7
- TMKPLAT: 19
- TMK Section: 7
- TMK Zone: 1
Utilities
- Utilities: Gas, Internet, Public Water, Sewer Fee, Water
- Sewer: Connected
- Utilities Meters: Electric, Gas, Individual
Interior and Exterior Features
Exterior Features
- Amenities: None
- Construction Materials: Above Ground, Wood Frame
- Easements: Sewer
- Recreation Facilities: None
- Roof: Asphalt Shingle
Interior Features
- Furnished: Partial
- Laundry Facilities: Individual
Multi Family
Multi-Family Information
- Studio Units Number Of: 0
- Unit One Number Of Bed: 0
- Unit Three Number Of Bed: 2
- Unit Two Number Of Bed: 3
- Number Of Units Total: 5
Income & Expenses
- Total Annual Operating Expenses: $25,858.68
- Total Income: $132,840.00
- Expenses Include: Insurance, Other, Property Tax, Sewer Fee
- Net Operating Income: $106,981.32
- Other Income: $.00
Agent
Sale and Listing
- DOM: 3
- Listing Service: Full Service
- MLS: HI Central
- MLS Area Major: Metro
- Status: Active
- Public Remarks: TO BE SOLD with Adjacent Property (Parcel 117-19-8), MLS #202426382. Combined, these properties offer 19 income-generating 2-bedroom, 1-bath units on 26,941 square feet of A-1 zoned land centrally located in Downtown Honolulu. An incredible investment opportunity for the developer, creative investor, or/and contractor! Prime development opportunity on high-income property with potential high-rise (please consult with buyer's architect). This specific parcel includes five plantation-style cottages, each with 2 bedrooms and 1 bath. It provides privacy while being close to bus lines, shopping, restaurants, easy access H-1 freeways (East and West), downtown business districts. The property (5 single family dwellings) is being sold as-is (1 WATER METER, 5 ELECTIC METERS, AND APPROX. 1-2 GAS METERS). Don’t miss out on this rare find—it’s a great buy with amazing potentials on apartment zoning!
- Possession: At Closing
Showing and Remarks
- Showing Instructions: Two Day Notice Reqd, Appointment Only, Use ShowingTime
Rental
Rent Information
- Tenants Responsibilities Include: Cable TV, Electricity, Gas
- Total Actual Rent: $11,070.00
Property History for 260 North School 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 260 North School Street
Taxable ValueLand$1,480,600Additions$192,600Total$1,673,200
Tax Record2023$5,824 ($485 / month)
Home Facts
Beds4Baths6.5Total Finished SqFt1,260 SqFtAbove Grade Finished SqFt1,260 SqFtStories2Lot Size9,004 SqFtStyleSingle Family ResidenceYear Built1941Year Renovated1950ZoningA-1 APARTMENTCountyHONOLULUAPN1-1-7-019-007
Schools near 260 North School 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 |
|---|---|---|
Kauluwela Elementary School PublicPK to 5 | ||
Prince David Kawananakoa 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 Five Star Realty, Inc., Brian Chua, License #RB-21314; Top Property Management LLC, Ken Lam, License #RS-85660