437 Nāmāhana Street
Honolulu, HI 96815
$4,000,000
Price
12
Beds
6,067 Sq. Ft.
$659 / Sq. Ft.
6,067
Sq. Ft.
$659
per Sq. Ft.
Virtual Tour
Virtual Tour
Description
Fee simple, 12-unit apartment building with 6 parking stalls and coin operated laundry on-site. All tenants on month-to-month leases at an average rent of $1,250, which is low for a nice, one bedroom unit in Waikiki. This prime building recently returned to the ground lessor. Take a look at the photos of each pleasant unit to see the condition – they are all 1 bedroom / 1 bathroom units. The entire property is secured around the perimeter with a gate and there is a separate, gated-off strip of land...Fee simple, 12-unit apartment building with 6 parking stalls and coin operated laundry on-site. All tenants on month-to-month leases at an average rent of $1,250, which is low for a nice, one bedroom unit in Waikiki. This prime building recently returned to the ground lessor. Take a look at the photos of each pleasant unit to see the condition – they are all 1 bedroom / 1 bathroom units. The entire property is secured around the perimeter with a gate and there is a separate, gated-off strip of land in the back which could become a garden, outdoor common area, or bark park for pets. This property offers significant value-add opportunities. By adjusting rents to market rates, investors can maximize returns and enhance the property’s overall value.
- Listed by Michael M Okamoto • License #RB-22000 • Standard Management LLC • (808) 208-8107
Property Details for 437 Nāmāhana Street
View
None
ZoningX2 - Apartment Precinct
NeighbourhoodWAIKIKI
Flood ZoneZone AO
Stories/LevelsThree
Land TenureFS - Fee Simple
LISTING UPDATED: 12/05/2024 09:52 AM
Property Details for 437 Nāmāhana Street
| Status | Active |
|---|---|
| MLS # | 202415757 |
| Days on Market | 168 |
| Taxes | $592 / month |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Multi-Family |
| Year Built | 1966 |
| Lot Size | 0.10 AC / 4,500 SF |
| County | Honolulu County |
Virtual Tour
Building Information for 437 Nāmāhana Street
Stories-Residences12Year Built1966Building Size-Lot Size0.10 AC / 4,500 SF
Property Information for 437 Nāmāhana Street
Summary
Location and General Information
- Topography: Level
- City: Honolulu
- County Or Parish: Oahu
- State Or Province: HI
- Location: Other
Taxes and HOA Information
- Tax Amount: $592.00
- Tax Assessed Value: $2,030,500.00
- Tax Assessed Value Improvements: $342,400.00
- Tax Assessed Value Land: $1,688,100.00
- Tax Year: 2024
- Parcel Number: 1-2-6-016-055-0000
- HOA YN: No
School Information
- Elementary School: Ala Wai
- High School: Mckinley
- Middle Or Junior School: Washington
Parking
- Parking Features: Covered
- Parking Total: 6
- Other Parking Features: None
Virtual Tour
- Virtual Tour URL Unbranded: https://unbranded.youriguide.com/437_namahana_street_honolulu_hi/
Property
Lot Information
- Property Frontage: Other
- Property Sub Type: Multi-Family
- Property Type: Multi-Family
- SQFT Building: 6067.0
- Sqft Total: 6067.0
- Land Recorded: Land Court
- Lot Features: Other
- Lot Size Area: 4500.0
- Year Built: 1966
- Building Type: Apartments
Property and Assessments
- Documents: Survey, Title Search
- Photo Count: 24
- Property Condition: Above Average, Average
- Special Listing Conditions: None
- Disclosures: None, Call Listor, See Remarks
- Foreclosure: No
- Set Backs: Of Record
- Supplement Count: 1
- TMK Area: 126
- TMK Condo Property Regime Number: 0
- TMK Division: 1
- TMK Parcel: 55
- TMKPLAT: 16
- TMK Section: 6
- TMK Zone: 2
Utilities
- Utilities: Cable, Internet, Overhead Electricity, Public Water
- Sewer: Connected
- Utilities Meters: Electric, Individual
Interior and Exterior Features
Exterior Features
- Amenities: None
- Construction Materials: Hollow Tile
- Easements: None
- Recreation Facilities: None
- Roof: Composition
Interior Features
- Laundry Facilities: Coin
Multi Family
Multi-Family Information
- Commercial Spaces Number Of: 0
- Studio Units Number Of: 0
- Unit One Number Of Bed: 12
- Unit Three Number Of Bed: 0
- Unit Two Number Of Bed: 0
- Number Of Units Total: 12
Income & Expenses
- Total Annual Operating Expenses: $40,486.00
- Total Income: $186,000.00
- Expenses Include: Insurance, Mgmt Fee, Other, Property Tax, Repair Maintenance
- Net Operating Income: $145,514.00
- Other Income: $800.00
Agent
Sale and Listing
- DOM: 152
- Immoviewer: No
- Listing Service: Full Service
- Management Company Name: Map Vision Inc.
- MLS: HI Central
- MLS Area Major: Metro
- Status: Active
- Public Remarks: Fee simple, 12-unit apartment building with 6 parking stalls and coin operated laundry on-site. All tenants on month-to-month leases at an average rent of $1,250, which is low for a nice, one bedroom unit in Waikiki. This prime building recently returned to the ground lessor. Take a look at the photos of each pleasant unit to see the condition – they are all 1 bedroom / 1 bathroom units. The entire property is secured around the perimeter with a gate and there is a separate, gated-off strip of land in the back which could become a garden, outdoor common area, or bark park for pets. This property offers significant value-add opportunities. By adjusting rents to market rates, investors can maximize returns and enhance the property’s overall value.
- Possession: At Closing
Showing and Remarks
- Showing Instructions: <8 Hrs Notice Reqd, Call Office & Go
Rental
Rent Information
- Lease Fee Month: $400.00
- Tenants Responsibilities Include: Cable TV, Electricity, Other, Parking
- Total Actual Rent: $14,700.00
Property History for 437 Nāmāhana 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 437 Nāmāhana Street
Taxable ValueLand$1,688,100Additions$342,400Total$2,030,500
Tax Record2023$7,026 ($585 / month)
Home Facts
Total Finished SqFt6,067 SqFtAbove Grade Finished SqFt6,067 SqFtStories3Lot Size4,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1966ZoningAPT PRECINCTCountyHONOLULUAPN1-2-6-016-055
Schools near 437 Nāmāhana 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 |
|---|---|---|
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 Standard Management LLC, Michael M Okamoto, License #RB-22000