1218 N King Street
Honolulu, HI 96817
- – beds
- – baths
- 10,785 sqft
- 9,507 sqft lot
- $426 per sqft
- 1970 build
- – on site
Excellent opportunity to manage up to market rents and earn a 6.55% cap! Well maintained three-story BMX-zoned building with mixed use, retail on the bottom front floor. 2 structures connected by a warehouse with 1:1 parking (9 ones, 4 twos, 1 three, and 4 retail [2 of which combine 2 spaces]). Additional parking on the King Street side of the property is used by customers and NOT counted in 17 space total. Owner recently fixed spalling and painted, and has taken excellent care of the building. Located across from King St. Post Office and a block from Farrington HS, so easy access to downtown and freeway in all directions.
Last checked:
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Checking…
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Last updated Jun 25, 2024
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MLS# 202411839 —
The Building
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Year Built:1970
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Year Remodeled:2022
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Construction Materials:Hollow Tile
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Building Type:Apartments, Multi Dwellings
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Stories:Three
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Roof:Other
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SqFt Total:10,785 Sqft
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SqFt Building:10785
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# of Units Total:17
Interior
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Furnished:Partial
Financial & Terms
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Financing:1031 Exchange, Cash, Conventional
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Land Tenure:FS - Fee Simple
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Possession:At Closing, Subject To Tenancy
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Foreclosure:No
Location
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Location:Corner
The Property
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Parcel Number:1-1-6-002-063-0000
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Property Type:Multi-Family
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Property Subtype:Multi-Family
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Property Condition:Excellent
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Property Frontage:Other
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Lot Size Area:9,507 Sqft
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Lot Features:Clear
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View:City, Mountain, Other, Sunrise
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Topography:Level
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Zoning:33 - BMX-3 Community Business M
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Flood Zone:Zone X
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Set Backs:C&C, Of Record
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Easements:Electric
Listing Agent
- Contact info:
- Office phone:
- (808) 429-1098
Taxes
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Tax Year:2024
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Tax Amount:$3,160
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Tax Assessed Value:$3,061,000
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Tax Assessed Value Land:$2,093,500
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Tax Assessed Value Improvements:$967,500
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Tax Paid By Seller:Yes
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Tax Annual Amount:37920.00
The Listing
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Land Recorded:Regular System
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Disclosures:1031 Exchange
Utilities
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Utilities:Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
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Utilities Meters:Electric, Gas, Individual, Water
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Sewer:Connected
Appliances
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Laundry Facilities:Coin
The Community
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Amenities:Storage
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Recreation Facilities:None
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Neighbourhood:KAPALAMA
Parking
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Parking Total:17
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Parking Features:Covered, Tandem
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Other Parking Features:<10 Spaces
Extra Units
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# of One Bed Units:9
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# of Two Bed Units:4
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# of Three Bed Units:1
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# of Commercial Spaces:6
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/23/24
May 23, 2024
|
Listed / Active | HI_CENTRAL_MLS | $4,600,000 | |
2/6/24
Feb 6, 2024
|
Price Changed | HI_CENTRAL_MLS | ||
10/26/23
Oct 26, 2023
|
Listed / Active | HI_CENTRAL_MLS |