INCREDIBLE CASHFLOW OPPORTUNITY IN WAIKIKI priced at only $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 great return on their money for at least the next 40 years. Separately metered for electricity and tenants are billed back for water.
Property Details
Price:
$2,700,000
MLS #:
202408267
Status:
Active
Beds:
0
Baths:
0
Address:
331 & 333 Hobron Lane
Type:
Multi Family
Subtype:
MultiFamily
Subdivision:
WAIKIKI
Neighborhood:
Metro
City:
Honolulu
Listed Date:
Apr 15, 2024
State:
HI
Finished Sq Ft:
10,000
Total Sq Ft:
10,000
ZIP:
96815
Lot Size:
283,140,000 sqft / 0.15 acres (approx)
Year Built:
1949
Units:
18
Schools
Elementary School:
Lunalilo
Middle School:
Washington
High School:
Kaimuki
Interior
Cooling
Central Air
Laundry Features
Coin Operated
Exterior
Community Features
None
Construction Materials
Concrete
Parking Features
Assigned
Parking Spots
18
Financial
Taxes
$13,308
Map
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Courtesy of Standard Management LLC. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the HiCentral MLS. Detailed information about real estate listings held by brokerage firms other than BUSINESS MA include the name of the listing broker. Neither the listing company nor BUSINESS MA shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. Oahu. All rights reserved.
331 & 333 Hobron Lane
Honolulu, HI
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