3206 Ala Ilima Street, Unit 30S
3206 Ala Ilima Street, Unit 30S
Honolulu, HI 96818
$11,000,000
Price
60
Beds
8,096 Sq. Ft.
$1,359 / Sq. Ft.
8,096
Sq. Ft.
$1,359
per Sq. Ft.
Description
First time on market! $2,000,000 price reduction! Trophy 3- story concrete apartment building (24,288 sf) in Salt Lake next to Hoa Aloha Neighborhood Park. 30 units (all 2 bedrooms) on 30,375 sf of A-2 zoned land (150" height limit) and one manager's office. 28 units are 2 beds, 1 bath (768sf) while 2 corner units are larger, 2 bed, 2 bath (1,184 sf) with private lanais and washer/dryer. 38+ parking stalls. 100% occupied. Rents under market and opportunities exist for additional income streams, i.e....First time on market! $2,000,000 price reduction! Trophy 3- story concrete apartment building (24,288 sf) in Salt Lake next to Hoa Aloha Neighborhood Park. 30 units (all 2 bedrooms) on 30,375 sf of A-2 zoned land (150" height limit) and one manager's office. 28 units are 2 beds, 1 bath (768sf) while 2 corner units are larger, 2 bed, 2 bath (1,184 sf) with private lanais and washer/dryer. 38+ parking stalls. 100% occupied. Rents under market and opportunities exist for additional income streams, i.e. utility recapture/pet fees/etc. Concrete spalls repairs completed. Exterior painting in progress and to be completed by 3/01/2024. Coin operated laundry facility on site.
- Listed by Nancy T Morton • License #RS-72189 • CBI Residential Advisory Svcs. • (808) 942-7100
Property Details for 3206 Ala Ilima Street, Unit 30S
View
City, Garden
Zoning12 - A-2 Medium Density Apartme
NeighbourhoodSALT LAKE
Flood ZoneZone A
Stories/LevelsThree
Land TenureFS - Fee Simple
Location
Listing Courtesy of CBI Residential Advisory Svcs., Nancy T Morton, License #RS-72189
Add your commute
LISTING UPDATED: 03/27/2024 12:23 PM
Property Details for 3206 Ala Ilima Street, Unit 30S
| Status | Active |
|---|---|
| MLS # | 202403475 |
| Days on Market | 78 |
| Taxes | $1,632 / month |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Multi-Family |
| Year Built | 1973 |
| Lot Size | 0.70 AC / 30,375 SF |
| County | Honolulu County |
Location
Listing Courtesy of CBI Residential Advisory Svcs., Nancy T Morton, License #RS-72189
Add your commute
Building Information for 3206 Ala Ilima Street, Unit 30S
Stories-Residences30Year Built1973Building Size-Lot Size0.70 AC / 30,375 SF
Payment Calculator
$61,664 per month
30 year fixed, 7.25% Interest
Principal and Interest
$60,032
Property Taxes
$1,632
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 3206 Ala Ilima Street, Unit 30S
Summary
Location and General Information
- Topography: Level
- City: Honolulu
- County Or Parish: Oahu
- State Or Province: HI
Taxes and HOA Information
- Tax Amount: $1,632.00
- Tax Assessed Value: $5,855,600.00
- Tax Assessed Value Improvements: $1,966,200.00
- Tax Assessed Value Land: $3,889,400.00
- Tax Paid By Seller: No
- Tax Year: 2023
- Parcel Number: 1-1-1-059-018-0000
- HOA YN: No
School Information
- Elementary School: Salt Lake
- High School: Moanalua
- Middle Or Junior School: Moanalua
Parking
- Parking Features: Assigned
- Parking Total: 38
- Other Parking Features: None
Property
Lot Information
- Property Sub Type: Multi-Family
- Property Type: Multi-Family
- SQFT Building: 8096.0
- Sqft Total: 8096.0
- Land Recorded: Regular System
- Lot Features: Clear
- Lot Size Area: 30375.0
- Year Built: 1973
- Building Type: Apartments
Property and Assessments
- Documents: Building Plans, Lease Documents, P&L, Title Search
- Photo Count: 21
- Property Condition: Above Average
- Special Listing Conditions: None
- Disclosures: None
- Foreclosure: No
- Set Backs: None
- TMK Area: 111
- TMK Condo Property Regime Number: 0
- TMK Division: 1
- TMK Parcel: 18
- TMKPLAT: 59
- TMK Section: 1
- TMK Zone: 1
Utilities
- Utilities: Cable, Gas, Internet, Public Water, Sewer Fee, Telephone, Underground Electricity, Water
- Sewer: Connected
- Utilities Meters: Electric, Individual
Interior and Exterior Features
Exterior Features
- Amenities: None
- Construction Materials: Concrete, Double Wall, Masonry/Stucco
- Easements: None
- Recreation Facilities: None
- Roof: Pitch & Gravel
Interior Features
- Furnished: Partial
- Laundry Facilities: Coin, Dryer, Individual, Washer
Multi Family
Multi-Family Information
- Commercial Spaces Number Of: 1
- Studio Units Number Of: 0
- Unit One Number Of Bed: 0
- Unit Three Number Of Bed: 0
- Unit Two Number Of Bed: 30
- Unit Number: 30 units
- Number Of Units Total: 30
Income & Expenses
- Total Annual Operating Expenses: $214,724.00
- Total Income: $570,264.00
- Expenses Include: Excise Tax, Insurance, Mgmt Fee, Other, Property Tax, Repair Maintenance, Sewer Fee
- Net Operating Income: $355,540.00
- Other Income: $897.00
Agent
Sale and Listing
- DOM: 45
- Listing Service: Full Service
- Management Company Name: Agency Rentals
- Management Company Phone: 808.393.4621
- MLS: HI Central
- MLS Area Major: Metro
- Status: Active
- Public Remarks: FIRST TIME ON MARKET! ****$2,000,000 PRICE REDUCTION!***** Trophy 3- story concrete apartment building (24,288 sf) in Salt Lake next to Hoa Aloha Neighborhood Park. 30 units (all 2 bedrooms) on 30,375 sf of A-2 zoned land (150" height limit) and one manager's office. 28 units are 2 beds, 1 bath (768sf) while 2 corner units are larger, 2 bed, 2 bath (1,184 sf) with private lanais and washer/dryer. 38+ parking stalls. 100% occupied. Rents under market and opportunities exist for additional income streams, i.e. utility recapture/pet fees/etc. Concrete spalls repairs completed. Exterior painting in progress and to be completed by 3/01/2024. Coin operated laundry facility on site.
- Possession: At Closing, Subject To Tenancy
Showing and Remarks
- Showing Instructions: Call Listor
Rental
Rent Information
- Tenants Responsibilities Include: AC, Cable TV, Electricity, Parking
- Total Actual Rent: $46,625.00
Property History for 3206 Ala Ilima Street, Unit 30S
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 3206 Ala Ilima Street, Unit 30S
This home is within Hawaii Department Of Education.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
Salt Lake Elementary School PublicPK to 6 | ||
Moanalua Middle School Public7 to 8 | ||
Moanalua 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.
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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. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of CBI Residential Advisory Svcs., Nancy T Morton, License #RS-72189