INCREDIBLE CASHFL OW OPPORTUNITY IN WAIKIKI priced at $150

000 per unit. 18 solid concrete renovated units with 18 parking stalls on a total of 12, 914 SF of land in world-famous Waikiki. The property has no trouble staying rented and Waikiki typically has higher rent appreciation than other neighborhoods due to the year-round global demand.

This property is leasehold with 40 years remaining on the ground lease and 15 years of known rent, making it financeable and eligible for a 1031 exchange. Ideal for a buyer looking to achieve a extraordinary return on their money for at least the next 40 years. Separately metered for electricity and tnants are billed back for water.

Request Information
on 331 and 333 Hobron Ln
in Honolulu, HI
Presented by Michael Okamoto at
Standard Management Llc.


Property MLS #202408267 from HiCentral

+ Reveal additional info including schools and tax history

+ Toggle All

+ Interior Features

Furnished Description: Partial

+ Land Info

Lot Description: Clear
Lot Size Acres: 0.1492195
Topography: Level
Lot Size Square Feet: 6500

+ Garage and Parking

Garage Spaces: 18
Garage Description: Assigned
Parking Features: Assigned

+ Home Features

View: Sunset

+ School Information

Elementary School: Lunalilo
High School: Kaimuki
Middle School: Washington
+ Display Complete School Details

President George Washington Middle School is a public middle school located approximately 0.7 miles away.
Map directions

Kaimuki High School is a public high school located approximately 1.3 miles away.
Map directions

President Thomas Jefferson Elementary School is a public elementary school located approximately 1.4 miles away.
Map directions

Iolani School is a private elementary, middle and high school located approximately 0.9 miles away.
Map directions

+ Multi-Unit Info

Number of Units: 18

+ Amenities and Community Features

Community Features: A/C, Secured Lobby

+ Other Property Info

Annual Tax Amount: 13308.00
Source Listing Status: Active
Source Property Type: Multi-Family
Area: Metro
Source Neighborhood: WAIKIKI
Ownership Type: Leasehold
Parcel Number: 1-2-6-12-46-0
Subdivision: WAIKIKI
Property Subtype: Multi-Family
Source System Name: C2C
+ Reveal Property Sale History

Listed 2024-04-15
$2,700,000
HiCentral

---

Listing removed 2021-01-01
$0
HiCentral

---

Listed 2020-04-21
$2,595,000
HiCentral

+ Building and Construction

Total Square Feet Living: 10000
Year Built: 1949
Building Area Total: 10000
Construction Materials: Concrete
Property Age: 75
Property Condition: Excellent, Above Average
Levels or Stories: 4-7
Year Remodeled: 1990

+ Utilities

Sewer: Connected
Cable
Gas
Internet
Overhead Electricity
Public Water
Sewer Fee
Water