437 Namahana Street
Honolulu, HI 96815
- – beds
- – baths
- – sqft
- 1966 build
- – on site
Unique opportunity to acquire fee simple ownership of a strategically located parcel of land in Waikiki which is improved with a 12-unit apartment building and 6 parking stalls. This prime property is currently near the end of the ground lease term which is set to expire on January 1, 2025, presenting an investor the rare chance to own a fee simple apartment building in Waikiki. This distinguished property features a well-maintained, fully leased 12-unit apartment building, generating steady rental income. The approaching expiration of the ground lease provides a timely opportunity for investors to unlock further value through redevelopment or enhancement of the existing improvements. Ideal for investors looking to capitalize on the ground lease expiration, this property offers significant value-add opportunities. By renovating the apartment building and adjusting rents to market rates, investors can maximize returns and enhance the property’s overall value.
Last checked:
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Last updated Nov 15, 2024
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MLS# 202415757 —
The Building
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Year Built:1966
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Construction Materials:HollowTile
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Structure Type:Apartment
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Levels:ThreeOrMore
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Building Area Total:6067.0
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Number Of Units Total:12
Interior
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Laundry Features:CoinOperated
The Property
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Property Type:Residential
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Property Sub Type:MultiFamily
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Property Condition:AverageCondition
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Lot Size Area:4500.0
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Lot Features:Other,Level
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Zoning Description:X2 - Apartment Precinct
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Parcel Number:1-2-6-016-055-0000
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Topography:Level
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View:None
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View:false
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Frontage Type:Other
Listing Agent
- Contact info:
- Agent phone:
- (808) 208-8107
- Office phone:
- (808) 208-8107
Taxes
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Tax Annual Amount:7104.0
The Listing
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Virtual Tour URL Unbranded:https://unbranded.youriguide.com/437_namahana_street_honolulu_hi/
Utilities
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Utilities:AboveGroundUtilities,CableAvailable,ElectricityAvailable,HighSpeedInternetAvailable,WaterAvailable,SewerConnected
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Sewer:Connected
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Water Source:Public
Schools
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Elementary School:Ala Wai
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Middle Or Junior School:Washington
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High School:Mckinley
The Community
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Subdivision Name:WAIKIKI
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Community Features:None
Parking
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Parking Total:6.0
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Parking Features:Covered
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).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/12/24
Nov 12, 2024
|
Listed / Active | HI_CENTRAL_MLS | $4,000,000 |
