404 Magellan Ave
Description
Listing Agent
![Stephanie Band]()
stephanie.band@compass.comP: (808)-773-9390
Property Details for 404 Magellan Avenue
Property Details for 404 Magellan Avenue
| Status | Active |
|---|---|
| MLS # | 202521036 |
| Days on Market | 65 |
| Taxes | $368 / month |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Multi-Family |
| Year Built | 1948 |
| Lot Size | 0.12 AC / 5,376 SF |
| County | Honolulu County |
Location
Virtual Tour
Building Information for 404 Magellan Avenue
Payment Calculator
$11,733 per month
30 year fixed, 6.28% Interest
$11,365
$368
$0
Property Information for 404 Magellan Avenue
- Topography: Gentle Slope
- City: Honolulu
- County Or Parish: Oahu
- State Or Province: HI
- Location: Other
- Tax Amount: $367.76
- Tax Assessed Value: $1,260,900.00
- Tax Assessed Value Improvements: $207,100.00
- Tax Assessed Value Land: $1,053,800.00
- Tax Year: 2025
- Parcel Number: 1-2-1-021-047-0000
- HOA YN: No
- Parking Features: Assigned
- Parking Total: 9
- Other Parking Features: None
- Virtual Tour URL Unbranded: https://www.youtube.com/embed/k3y-dFPSqZo?si=WzIviUoBnByuC8Q-
- Property Frontage: Other
- Property Sub Type: Multi-Family
- Property Type: Multi-Family
- SQFT Building: 3978.0
- SQFT Roofed Living: 3978.0
- Sqft Total: 3978.0
- Land Recorded: Dual Systems
- Lot Features: Other
- Lot Size Area: 5376.0
- Year Built: 1948
- Year Remodeled: 1960
- Building Type: Apartments
- Documents: Other
- Photo Count: 23
- Property Condition: Average
- Special Listing Conditions: None
- Disclosures: Pet on Property, Property Disclosure Stmt
- Foreclosure: No
- Fractional Ownership: No
- Set Backs: Of Record
- Supplement Count: 0
- TMK Area: 121
- TMK Condo Property Regime Number: 0
- TMK Division: 1
- TMK Parcel: 47
- TMKPLAT: 21
- TMK Section: 1
- TMK Zone: 2
- Utilities: Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone
- Sewer: Connected
- Utilities Meters: Electric, Gas, Individual, Water
- Amenities: None
- Construction Materials: Hollow Tile, Other, Single Wall, Wood Frame
- Easements: None
- Elevators Number Of: 0
- Recreation Facilities: None
- Roof: Asphalt Shingle
- Baths Total: 10.0
- Beds Total: 10.0
- Furnished: Partial
- Laundry Facilities: Coin, Dryer, Washer
- Commercial Spaces Number Of: 0
- Studio Units Number Of: 1
- Unit One Number Of Bed: 7
- Unit Three Number Of Bed: 0
- Unit Two Number Of Bed: 1
- Number Of Units Total: 9
- Total Annual Operating Expenses: $22,313.00
- Total Income: $125,280.00
- Expenses Include: Insurance, Other, Property Tax, Sewer Fee
- Net Operating Income: $102,967.00
- Other Income: $65.00
- DOM: 48
- Immoviewer: No
- Listing Service: Full Service
- Management Company Name: Owner
- Management Company Phone: 111-111-1111
- MLS: HI Central
- MLS Area Major: Metro
- Status: Active
- Public Remarks: PRIME INVESTMENT OPPORTUNITY - REALIZE IMMEDIATE INCOME UPSIDE OF 7% + CAP RATE W/ ONLY A FEW MINOR CHANGES!! - In the heart of Honolulu this 9-unit property at 404 Magellan Ave offers a strong foundation with 9 separate electric meters, 9 separate gas meters, and individual gas water heaters for each unit—a rare setup that maximizes tenant independence and reduces ownership expenses. The building is currently generating income with solid rental history, and offers excellent upside potential: simply increase rents to market value or enhance returns with light remodeling or upgrades. This property provides flexibility and long-term growth opportunities in a highly desirable location close to schools, shops, and major transit routes. A must-see for investors looking for cash flow today and room to grow tomorrow!
- Possession: At Closing
- Showing Instructions: One Day Notice Reqd, Call Listor, Listor Must Be Present
- Tenants Responsibilities Include: Cable TV, Electricity, Gas, Other
- Total Actual Rent: $10,375.00
Property History for 404 Magellan Avenue
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Nov 18, 2025 | Price Change HICENTRAL #202521036 | $2,300,000 | — |
| Oct 1, 2025 | Price Change HICENTRAL #202521036 | $2,850,000 | — |
| Oct 1, 2025 | Listed (Active) HICENTRAL #202521036 | $2,300,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 11/18/2025 | Price Change HICENTRAL #202521036 | $2,300,000 |
| 10/01/2025 | Price Change HICENTRAL #202521036 | $2,850,000 |
| 10/01/2025 | Listed (Active) HICENTRAL #202521036 | $2,300,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 404 Magellan Avenue
Schools near 404 Magellan Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | K to 12 |
Rating | School | Distance |
|---|---|---|
Royal Elementary School PublicPK to 5 | ||
Princess Ruth Keelikolani Middle School Public6 to 8 | ||
President Theodore Roosevelt High School Public9 to 12 | ||
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.
Similar Homes
Similar Sold Homes
Explore Nearby Homes
- Ala Moana-Kakaako Homes for Sale
- Downtown Honolulu Homes for Sale
- Dowsett Homes for Sale
- Kakaako Homes for Sale
- Liliha-Kapalama Homes for Sale
- Lower Nuuanu Homes for Sale
- Makiki Homes for Sale
- Makiki Heights Homes for Sale
- Makiki-Lower Punchbowl-Tantalu Homes for Sale
- Nuuanu Homes for Sale
- Nuuanu-Punchbowl Homes for Sale
- Oahu Homes for Sale
- Pacific Heights Homes for Sale
- Palama Homes for Sale
- Pauoa Valley Homes for Sale
- Honolulu Homes for Sale
- Wake Island Homes for Sale
- Fort Shafter Homes for Sale
- Kaneohe Homes for Sale
- Kailua Homes for Sale
- Waimanalo Homes for Sale
- Tripler Army Medical Center Homes for Sale
- Jbphh Homes for Sale
- Aiea Homes for Sale
- Pearl City Homes for Sale
- MCBH Kaneohe Bay Homes for Sale
- Ewa Beach Homes for Sale
- Waipahu Homes for Sale
- Kapolei Homes for Sale
- Mililani Homes for Sale
- 96850 Homes for Sale
- 96814 Homes for Sale
- 96817 Homes for Sale
- 96822 Homes for Sale
- 96843 Homes for Sale
- 96819 Homes for Sale
- 96826 Homes for Sale
- 96815 Homes for Sale
- 96734 Homes for Sale
- 96848 Homes for Sale
- 96744 Homes for Sale
- 96816 Homes for Sale
- 96898 Homes for Sale
- 96858 Homes for Sale
- 96818 Homes for Sale
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
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.