808 Makaleka Avenue
808 Makaleka Avenue
Honolulu, HI 96816
$1,399,000
Price
5
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Description
$71,914/yr CURRENT NOI. 4.96% CAP, self managed. $71,914/yr CURRENT NOI. 4.96% CAP, self managed $86,314 PROFORMA NOI. 5.96% CAP, self managed. Extremely desirable location, 1 block of Kapahulu (directly behind Safeway). 100% Occupied. Long term tenants (4 of 6 are over 10 years) and all M-T-M. Low property tax. NOT in a flood zone. 3 tandem parking stalls with plenty of quiet street parking. 1 water meter, 4 electric meters: owner pays for units E (studio), F, and Laundry. 1031X contingent (however,...$71,914/yr CURRENT NOI. 4.96% CAP, self managed. $71,914/yr CURRENT NOI. 4.96% CAP, self managed $86,314 PROFORMA NOI. 5.96% CAP, self managed. Extremely desirable location, 1 block of Kapahulu (directly behind Safeway). 100% Occupied. Long term tenants (4 of 6 are over 10 years) and all M-T-M. Low property tax. NOT in a flood zone. 3 tandem parking stalls with plenty of quiet street parking. 1 water meter, 4 electric meters: owner pays for units E (studio), F, and Laundry. 1031X contingent (however, Seller has identified replacement properties.)
- Listed by Alan J Christopher • License #RB-20664 • CBI Residential Advisory Svcs. • (808) 942-7100
Property Details for 808 Makaleka Avenue
View
City
Zoning12 - A-2 Medium Density Apartme
NeighbourhoodKAPAHULU
Flood ZoneZone X
Stories/LevelsTwo
Land TenureFS - Fee Simple
Location
Listing Courtesy of CBI Residential Advisory Svcs., Alan J Christopher, License #RB-20664
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LISTING UPDATED: 02/13/2024 08:43 AM
Property Details for 808 Makaleka Avenue
| Status | Active |
|---|---|
| MLS # | 202400524 |
| Days on Market | 115 |
| Taxes | $294 / month |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Multi-Family |
| Year Built | 1941 |
| Lot Size | 0.07 AC / 3,000 SF |
| County | Honolulu County |
Location
Listing Courtesy of CBI Residential Advisory Svcs., Alan J Christopher, License #RB-20664
Add your commute
Building Information for 808 Makaleka Avenue
Stories-Residences6Year Built1941Building Size-Lot Size0.07 AC / 3,000 SF
Payment Calculator
$7,929 per month
30 year fixed, 7.25% Interest
Principal and Interest
$7,635
Property Taxes
$294
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 808 Makaleka Avenue
Summary
Location and General Information
- Topography: Level
- City: Honolulu
- County Or Parish: Oahu
- State Or Province: HI
- Location: Cul-De-Sac
Taxes and HOA Information
- Tax Amount: $293.56
- Tax Assessed Value: $1,006,500.00
- Tax Assessed Value Improvements: $79,000.00
- Tax Assessed Value Land: $927,500.00
- Tax Paid By Seller: No
- Tax Year: 2023
- Parcel Number: 1-2-7-032-015-0000
- HOA YN: No
Parking
- Parking Features: Tandem
- Parking Total: 3
- Other Parking Features: None
Property
Lot Information
- Property Sub Type: Multi-Family
- Property Type: Multi-Family
- Land Recorded: Regular System
- Lot Features: Clear
- Lot Size Area: 3000.0
- Year Built: 1941
- Building Type: Apartments
Property and Assessments
- Documents: Lease Documents, Title Search
- Photo Count: 12
- Property Condition: Average
- Special Listing Conditions: None
- Disclosures: 1031 Exchange
- Foreclosure: No
- Set Backs: C&C
- TMK Area: 127
- TMK Condo Property Regime Number: 0
- TMK Division: 1
- TMK Parcel: 15
- TMKPLAT: 32
- TMK Section: 7
- TMK Zone: 2
Utilities
- Utilities: Cable, Overhead Electricity, Public Water, Water
- Sewer: Connected
- Utilities Meters: Electric, Water
Interior and Exterior Features
Exterior Features
- Amenities: None
- Construction Materials: Hollow Tile
- Easements: None
- Recreation Facilities: None
- Roof: Asphalt Shingle
Interior Features
- Laundry Facilities: Coin, Washer
Multi Family
Multi-Family Information
- Studio Units Number Of: 1
- Unit One Number Of Bed: 5
- Unit Three Number Of Bed: 0
- Unit Two Number Of Bed: 0
- Number Of Units Total: 6
Income & Expenses
- Total Annual Operating Expenses: $18,386.00
- Total Income: $90,300.00
- Expenses Include: Excise Tax, Insurance, Property Tax, Repair Maintenance, Sewer Fee
- Net Operating Income: $71,914.00
- Other Income: $125.00
Agent
Sale and Listing
- DOM: 36
- Listing Service: Full Service
- Management Company Name: Owner
- MLS: HI Central
- MLS Area Major: Metro
- Status: Active
- Public Remarks: $71,914/yr CURRENT NOI. 4.96% CAP, self managed. $86,314 PROFORMA NOI. 5.96% CAP, self managed. Extremely desirable location, 1 block of Kapahulu (directly behind Safeway). 100% Occupied. Long term tenants (4 of 6 are over 10 years) and all M-T-M. Low property tax. NOT in a flood zone. 3 tandem parking stalls with plenty of quiet street parking. 1 water meter, 4 electric meters: owner pays for units E (studio), F, and Laundry. 1031X contingent (however, Seller has identified replacement properties.)
- Possession: At Closing
Showing and Remarks
- Showing Instructions: Two Day Notice Reqd, Appointment Only, Listor Must Be Present
Rental
Rent Information
- Tenants Responsibilities Include: Cable TV, Electricity
- Total Actual Rent: $7,400.00
Property History for 808 Makaleka Avenue
| 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.
Public Records for 808 Makaleka Avenue
Taxable ValueLand$927,500Additions$79,000Total$1,006,500
Tax Record2022$3,443 ($287 / month)
Home Facts
Total Finished SqFt2,142 SqFtAbove Grade Finished SqFt2,142 SqFtStories2Lot Size3,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1941ZoningA-2CountyHONOLULUAPN1-2-7-032-015
Schools near 808 Makaleka Avenue
This home is within Hawaii Department Of Education.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | K to 8 |
Rating | School | Distance |
|---|---|---|
President Thomas Jefferson 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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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., Alan J Christopher, License #RB-20664