Honolulu, HI 96822,1662 Lewalani DR
Listed by Standard Management LLC
Bought with Non-MLS
$4,150,000
Est. payment /mo
$4,390,000
5.5%
Est.Price: ?

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SOLD DATE : 11/20/2023

Key Details

Sold Price $4,150,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Subdivision Makiki

MLS Listing ID 202311027

Sold Date 11/20/23

Construction Status Good Condition

HOA Y/N No

Year Built 1966

Annual Tax Amount $8,932

Property Description

100% leased 12-unit apartment building in a well-located part of Makiki. Excellent stabilized cash flow
opportunity which is turnkey for an investor. The property underwent a major renovation in 2020 including new
quartz countertops, cabinets, vanities, lights, ceiling fans, LVT flooring, interior paint, tiled showers*, stainless
steel microwaves and gas ranges/ovens, washer dryers, and low flow water fixtures. In addition, the driveway
and parking lot was repaved with new asphalt and concrete in some areas, as well as updated landscaping to the
property. Roof re-coated and resealed in 2022!

INVESTMENT HIGHLIGHTS
- Renovated units with luxury finishes
- Excellent unit mix
- CMU construction
- Large Units
- Electricity & Gas are separately metered
- All units have their own washer/dryer
- 10 on-site parking spaces
- In-place 4.9% CAP rate

Location

State HI

County Oahu

Area Metro

Rooms

Ensuite Laundry In Unit

Interior

Laundry Location In Unit

Fireplace No

Appliance Dryer, Washer

Laundry In Unit

Exterior

Garage Assigned

Community Features None

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

View Y/N No

View None

Parking Type Assigned

Total Parking Spaces 10

Building

Lot Description Cleared, Interior Lot, Other, Level

Entry Level Three Or More

Sewer Connected

Level or Stories Three Or More

Construction Status Good Condition

Schools

Elementary Schools Lincoln

Middle Schools Stevenson

High Schools Roosevelt

Others

Tax ID 1-2-4-030-033-0000

Security Features Lobby Secured

Financing 1031 Exchange

Special Listing Condition None

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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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