821 Olokele Avenue

821 Olokele Avenue

Honolulu, HI 96816

$1,888,000
Price
7
Beds
3,067 Sq. Ft.
$616 / Sq. Ft.
3,067
Sq. Ft.
$616
per Sq. Ft.

Virtual Tour

Virtual Tour

a view of a patio with table and chairs
a picture of city view
view of city
a utility room with dryer and washer
a view of a building with door
a view of a house with backyard and sitting area
a living room with stainless steel appliances furniture and a flat screen tv
a kitchen with stainless steel appliances a refrigerator sink and white cabinets
a living room with a couch
a bedroom with bed and a closet
a bathroom with a toilet a sink and bathtub
a view of a house with a backyard
a front view of a house with a garden
a view of a house with a porch
a view of outdoor space and patio
a close view of sink and mirror
a view of storage and utility room
a living room with furniture and a flat screen tv
a kitchen with stainless steel appliances a stove a sink and a refrigerator
a view of storage and utility room
a living room with furniture and a flat screen tv
a bathroom with a sink mirror vanity and toilet
an aerial view of residential houses with outdoor space

Description

Super desirable central location close to beach, Waikiki, UH Manoa, and Ala Moana with 4 one-bedrooms in front two-story building (built in 1957) and 1 three-bedroom house (built in 1939) and 1:1 covered parking. All units separately metered for electric (no master meter), one water meter with very low expenses, currently self-managed. Seasoned tenant pool—this area is a tenant favorite(!) —and room for improving rents as all tenants are MTM. Laundry machines owned by tenants. Improvements include:...Super desirable central location close to beach, Waikiki, UH Manoa, and Ala Moana with 4 one-bedrooms in front two-story building (built in 1957) and 1 three-bedroom house (built in 1939) and 1:1 covered parking. All units separately metered for electric (no master meter), one water meter with very low expenses, currently self-managed. Seasoned tenant pool—this area is a tenant favorite(!) —and room for improving rents as all tenants are MTM. Laundry machines owned by tenants. Improvements include: 2 new roofs, copper plumbing inside all units, upgraded electric panels, house and Unit A : most electric rewired.
  1. Listed by Christina L Dwight • License #RB-20978 • Commercial Inv. Strategies • (808) 429-1098

Property Details for 821 Olokele Avenue

View
None
Zoning
12 - A-2 Medium Density Apartme
Neighbourhood
KAPAHULU
Flood Zone
Zone X
Stories/Levels
One, Two
Land Tenure
FS - Fee Simple

Location

Listing Courtesy of Commercial Inv. Strategies, Christina L Dwight, License #RB-20978
Add your commute
LISTING UPDATED: 10/23/2023 02:08 PM

Property Details for 821 Olokele Avenue

StatusActive
MLS #202324067
Days on Market195
Taxes$483 / month
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Multi-Family
Year Built1939
Lot Size0.14 AC / 6,000 SF
CountyHonolulu County

Location

Listing Courtesy of Commercial Inv. Strategies, Christina L Dwight, License #RB-20978
Add your commute

Virtual Tour

Building Information for 821 Olokele Avenue

Stories-Residences5Year Built1939Building Size-Lot Size0.14 AC / 6,000 SF

Payment Calculator

$10,787 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,304

Property Taxes

$483

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 821 Olokele Avenue

Summary
Location and General Information
  • Topography: Level
  • City: Honolulu
  • County Or Parish: Oahu
  • State Or Province: HI
  • Location: Inside
Taxes and HOA Information
  • Tax Amount: $482.62
  • Tax Assessed Value: $1,654,700.00
  • Tax Assessed Value Improvements: $130,900.00
  • Tax Assessed Value Land: $1,523,800.00
  • Tax Paid By Seller: Yes
  • Tax Year: 2023
  • Parcel Number: 1-2-7-033-015-0000
  • HOA YN: No
Parking
  • Parking Features: Assigned, Covered
  • Parking Total: 6
  • Other Parking Features: None
Property
Lot Information
  • Property Frontage: Other
  • Property Sub Type: Multi-Family
  • Property Type: Multi-Family
  • SQFT Building: 3067.0
  • Sqft Total: 3067.0
  • Land Recorded: Regular System
  • Lot Features: Clear
  • Lot Size Area: 6000.0
  • Year Built: 1939
  • Building Type: Apartments, Multi Dwellings
Property and Assessments
  • Documents: Lease Documents, P&L, Title Search
  • Photo Count: 25
  • Property Condition: Above Average
  • Special Listing Conditions: None
  • Disclosures: 1031 Exchange, Licensed Owner, Pet on Property
  • Foreclosure: No
  • Set Backs: None
  • Supplement Count: 1
  • TMK Area: 127
  • TMK Condo Property Regime Number: 0
  • TMK Division: 1
  • TMK Parcel: 15
  • TMKPLAT: 33
  • TMK Section: 7
  • TMK Zone: 2
Utilities
  • Utilities: Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
  • Sewer: Connected
  • Utilities Meters: Electric, Individual, Water
Interior and Exterior Features
Exterior Features
  • Amenities: None
  • Construction Materials: Concrete, Single Wall, Wood Frame
  • Easements: None
  • Elevators Number Of: 0
  • Recreation Facilities: None
  • Roof: Composition
Interior Features
  • Furnished: Partial
  • Laundry Facilities: Dryer, Individual, Washer
Multi Family
Multi-Family Information
  • Commercial Spaces Number Of: 0
  • Studio Units Number Of: 0
  • Unit One Number Of Bed: 4
  • Unit Three Number Of Bed: 1
  • Unit Two Number Of Bed: 0
  • Number Of Units Total: 5
Income & Expenses
  • Total Annual Operating Expenses: $15,862.00
  • Total Income: $84,000.00
  • Expenses Include: Excise Tax, Insurance, Other, Property Tax, Sewer Fee
  • Net Operating Income: $68,138.00
  • Other Income: $.00
Agent
Sale and Listing
  • DOM: 0
  • Listing Service: Full Service
  • Management Company Name: Self Managed
  • MLS: HI Central
  • MLS Area Major: Metro
  • Status: Active
  • Public Remarks: Super desirable central location close to beach, Waikiki, UH Manoa, and Ala Moana with 4 one-bedrooms in front two-story building (built in 1957) and 1 three-bedroom house (built in 1939) and 1:1 covered parking. All units separately metered for electric (no master meter), one water meter with very low expenses, currently self-managed. Seasoned tenant pool—this area is a tenant favorite(!)—and room for improving rents as all tenants are MTM. Laundry machines owned by tenants. Improvements include: 2 new roofs, copper plumbing inside all units, upgraded electric panels, house and Unit A : most electric rewired.
  • Possession: At Closing, Subject To Tenancy
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: $7,000.00

Property History for 821 Olokele Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 821 Olokele Avenue

Taxable ValueLand$1,523,800Additions$130,900Total$1,654,700
Tax Record2022$5,661 ($472 / month)
Home Facts
Baths2Total Finished SqFt1,920 SqFtAbove Grade Finished SqFt1,920 SqFtStories1Lot Size6,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1957ZoningA-2CountyHONOLULUAPN1-2-7-033-015

Schools near 821 Olokele Avenue

This home is within Hawaii Department Of Education.
Rating
School
Type
Grades
Distance
Ala Wai Elementary School
Public - PK to 5
President George Washington Middle School
Public - 6 to 8
Kaimuki High School
Public - 9 to 12
Voyager - A Public Charter School
Charter - K to 8
Rating
School
Distance
Ala Wai 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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More information about 821 Olokele Avenue, Honolulu, HI 96816

821 Olokele Avenue is a multi-family home for sale in Honolulu, HI 96816. This property was listed for sale on October 23, 2023 by Commercial Inv. Strategies, it's currently listed at $1,888,000. It has been on the market for a total of 195 days and was last sold on January 9, 2001. This listing's school district is Hawaii Department Of Education. Nearby schools include Ala Wai Elementary School, President George Washington Middle School and Kaimuki High School. 821 Olokele Avenue is a 7-bed, 0-bath, 3,067 sqft multi-family home built in 1939.

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 Commercial Inv. Strategies, Christina L Dwight, License #RB-20978