1735 Young St
Description
- Listed by Sandra ML Mann-Hawkins • License #RB-17908 • Honolulu Property Advisors LLC
Property Details for 1735 Young Street
Property Details for 1735 Young Street
| Status | Sold |
|---|---|
| MLS # | 202129560 |
| Days on Market | 6 |
| Taxes | $1,074 / month |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Property Type | Multi Family |
| MLS Type | Multi-Family / Multi-Family |
| Year Built | 1959 |
| Lot Size | 0.26 AC / 11,392 SF |
| County | Honolulu County |
Location
Sold By Commercial Inv. Strategies, Christina L Dwight, License #RB-20978
Building Information for 1735 Young Street
Payment Calculator
$41,624 per month
30 year fixed, 6.36% Interest
$40,550
$1,074
$0
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1Property Information for 1735 Young Street
- Topography: Level
- City: Honolulu
- County Or Parish: Oahu
- State Or Province: HI
- Location: Corner, Inside
- Tax Amount: $1,074.00
- Tax Assessed Value: $3,642,000.00
- Tax Assessed Value Improvements: $1,291,400.00
- Tax Assessed Value Land: $2,350,600.00
- Tax Paid By Seller: No
- Tax Year: 2020
- Parcel Number: 1-2-8-001-067-0000
- HOA YN: No
- Elementary School: Lunalilo
- High School: Mckinley
- Middle Or Junior School: Washington
- Parking Features: Assigned, Covered, Open, Tandem
- Parking Total: 19
- Other Parking Features: None
- Property Sub Type: Multi-Family
- Property Type: Multi-Family
- SQFT Building: 16170.0
- Sqft Total: 16170.0
- Land Recorded: Land Court
- Lot Features: Clear
- Lot Size Area: 11392.0
- Year Built: 1959
- Year Remodeled: 1970
- Building Type: Apartments
- Documents: Inventory, Lease Documents, P&L, Survey, Tax Return, Title Search
- Photo Count: 1
- Property Condition: Above Average
- Special Listing Conditions: None
- Disclosures: None
- Foreclosure: No
- Set Backs: C&C
- Supplement Count: 0
- TMK Area: 128
- TMK Condo Property Regime Number: 0
- TMK Division: 1
- TMK Parcel: 67
- TMKPLAT: 1
- TMK Section: 8
- TMK Zone: 2
- Utilities: Cable, Internet, Overhead Electricity, Public Water, Water
- Sewer: Connected
- Utilities Meters: Electric
- Amenities: None
- Construction Materials: Above Ground, Concrete, Hollow Tile, Slab
- Easements: None
- Elevators Number Of: 0
- Recreation Facilities: None
- Roof: Other
- Furnished: Partial
- Laundry Facilities: Coin, Dryer, Washer
- 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: 13
- Number Of Units Total: 25
- Total Annual Operating Expenses: $65,937.00
- Total Income: $336,462.00
- Expenses Include: Excise Tax, Insurance, Property Tax, Sewer Fee
- Net Operating Income: $270,525.00
- Other Income: $776.00
- DOM: 6
- Listing Service: Full Service
- MLS: HI Central
- MLS Area Major: Metro
- Status: Sold
- Public Remarks: First time on the market for sale. Built to last, all concrete/CMU buildings in very good condition, owned and maintained by one family. Solid income property, currently below market rent with upside potential in one of Honolulu's up and coming mixed business neighborhoods where highest and best use redevelopment is possible. The Wong Lum Apartments are comprised of 2 separate three-story walk-up apartment buildings, consisting of 13-two bedroom units and 12-one bedroom units situated on AMX-2 zoned land totaling approximately 11,392 square feet. Community coin laundry located on the ground floor at the back of each building. Stable long-term tenant mix, easy to rent, located in a prime business and residential area allowing for convenience to retail establishments, public transportation, schools, hospitals, parks and recreation. This offering presents a unique opportunity for value-add investors and/or developers looking to acquire a strong income producing property for further redevelopment options in the future.
- Possession: At Closing, Subject To Tenancy
- Showing Instructions: Two Day Notice Reqd, Appointment Only, Call Listor, Listor Must Be Present
- Tenants Responsibilities Include: Cable TV, Electricity, Parking
- Total Actual Rent: $27,262.00
Property History for 1735 Young Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Feb 16, 2022 | Sold HICENTRAL #202129560 | $8,137,500 | — |
| Feb 16, 2022 | Contract Signed HICENTRAL #202129560 | — | |
| Feb 11, 2022 | Sold (Public Record) Public Record #1486355455 | $8,137,500 | — |
| Nov 27, 2021 | Contract Out HICENTRAL #202129560 | — | |
| Nov 23, 2021 | Listed (Active) HICENTRAL #202129560 | $8,250,000 | — |
| Jul 28, 2006 | Permanently Off Market HICENTRAL #2518459 | $4,100,000 | — |
| Oct 27, 2005 | Listed (Active) HICENTRAL #2518459 | $4,100,000 | — |
| Sep 17, 2002 | Permanently Off Market HICENTRAL #2205341 | $2,388,000 | — |
| May 30, 2002 | Listed (Active) HICENTRAL #2205341 | $2,388,000 | — |
| Feb 1, 2001 | Temporarily Off Market HICENTRAL #2007274 | $3,000,000 | — |
| Aug 1, 2000 | Listed (Active) HICENTRAL #2007274 | $3,000,000 | — |
| Jul 31, 2000 | Temporarily Off Market HICENTRAL #2001052 | $3,000,000 | — |
| Feb 2, 2000 | Listed (Active) HICENTRAL #2001052 | $3,000,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 02/16/2022 | Sold HICENTRAL #202129560 | $8,137,500 |
| 02/16/2022 | Contract Signed HICENTRAL #202129560 | — |
| 02/11/2022 | Sold (Public Record) Public Record #1486355455 | $8,137,500 |
| 11/27/2021 | Contract Out HICENTRAL #202129560 | — |
| 11/23/2021 | Listed (Active) HICENTRAL #202129560 | $8,250,000 |
| 07/28/2006 | Permanently Off Market HICENTRAL #2518459 | $4,100,000 |
| 10/27/2005 | Listed (Active) HICENTRAL #2518459 | $4,100,000 |
| 09/17/2002 | Permanently Off Market HICENTRAL #2205341 | $2,388,000 |
| 05/30/2002 | Listed (Active) HICENTRAL #2205341 | $2,388,000 |
| 02/01/2001 | Temporarily Off Market HICENTRAL #2007274 | $3,000,000 |
| 08/01/2000 | Listed (Active) HICENTRAL #2007274 | $3,000,000 |
| 07/31/2000 | Temporarily Off Market HICENTRAL #2001052 | $3,000,000 |
| 02/02/2000 | Listed (Active) HICENTRAL #2001052 | $3,000,000 |
For completeness, we often displays two records for one sale: the MLS record and the public record.
Public Records for 1735 Young Street
Schools near 1735 Young Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | K to 8 |
Rating | School | Distance |
|---|---|---|
King William Lunalilo 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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Listing Courtesy of Honolulu Property Advisors LLC, Sandra ML Mann-Hawkins, License #RB-17908
Based on information from one of the following Multiple Listing Services: Hawaii HIS, MAUI MLS and Hi Central. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Hawaii HIS, MAUI MLS and Hi Central is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.