Honolulu, HI 96822,1576 Pensacola ST
Listed by eXp Realty
Bought with Oceans Real Estate
$2,500,000
Est. payment /mo
$2,500,000
Est.Price: ?

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SOLD DATE : 03/31/2022

Key Details

Sold Price $2,500,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Subdivision Makiki Area

MLS Listing ID 202125316

Sold Date 03/31/22

Construction Status Average Condition,Good Condition

HOA Y/N No

Year Built 1960

Annual Tax Amount $8,618

Property Description

This 10,858 sq ft of prime (A-2) Apartment zoned land in Makiki has a solid 2 story apartment building with a 3 bed
/ 2 bath upstairs as well as a 3/2 downstairs, 1,320 sq ft of living space each, granite countertops in the kitchens and bathrooms, and painted concrete floors. The vintage corner 2/1 cottage (672 sq ft with address of 1580 Pensacola St) nestled under the iconic Makiki banyan tree makes for shady natural living. Each of the 3 units are separately metered for electricity, and each has their own laundry. This great location on the corner of Pensacola St and Wilder Ave is convenient to bus lines, Biki bikes, and just minutes to the freeway. You'll see that the back of the property on the Wilder Avenue side is bare and ready to be developed. Ask your architect about the massive development potential of a 10,858 sq ft parcel within a medium density A-2 Apartment Zone especially given the provisions of the City's Bill 7, the State's 201H Housing Program, or to simply build an apartment building and maximize the standard entitlements. The units are tenant occupied. Please do not walk on the property nor disturb the tenants.

Location

State HI

County Oahu

Community None, Storage Facilities

Area Metro

Rooms

Ensuite Laundry In Unit

Interior

Laundry Location In Unit

Cooling Central Air

Furnishings Unfurnished

Fireplace No

Appliance Dryer, Washer

Laundry In Unit

Exterior

Garage Assigned

Community Features None, Storage Facilities

Utilities Available Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available, Sewer Connected

View Y/N Yes

View City, Garden, Mountain(s)

Parking Type Assigned

Total Parking Spaces 9

Building

Lot Description Cleared, Corner Lot

Entry Level One,Two

Sewer Connected

Level or Stories One, Two

Construction Status Average Condition,Good Condition

Schools

Elementary Schools Lincoln

Middle Schools Stevenson

High Schools Roosevelt

Others

Tax ID 1-2-4-018-001-0000

Financing Cash,Conventional

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Hawaii Central MLS (HiCentralMLS)
Lex Ferguson

Agent | License ID: RS-78101

+1(808) 277-4715 | lex@lifeonoahu.com

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