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  • $11,500,000

    1055 Ala Napunani St, Honolulu, HI 96818

    --beds
    0baths
    34,312sqft
    Multi Family
    Built in 1971
    -- sqft lot
    $11,344,900 Zestimate®
    $335/sqft
    $1,848 Estimated rent

    Home value

    $11,344,900

    $10.44M - $12.25M

    $1,848/mo

    Zestimate® history
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    What's special

    Durability and low maintenance
    Rare Opportunity –40-Unit Apt Bldg in Salt Lake. Attractive 6 story trophy building to add to your investment portfolio! Building is a solid CMU and concrete structure, offering durability & low maintenance. The property features a keyed elevator for added convenience and ample 49 parking stalls. 100% leased but Rents under market with lots of development potential. 20– one bdrm; 20– two bdrm units. All units large in size w/lanais. Mgmt office on ground floor w/full bathroom. Coin operated laundry facility on each floor. Large storage room on pkg level as well as multiple storage rooms throughout building. Ideally situated near schools, shopping centers, freeway access, & public transportation, ensuring strong tenant demand. Original but maintained property in a high-demand rental market! Sold in Existing AS IS Condition. Buyer to conduct own Due Diligence. Do not disturb tenants, knock on doors nor park on property. Please contact Listor with additional questions. Must sign NDA for financials. Call for Offers Deadline, March 21, 2025, Friday at Noon. PSA must include verification of cash funds &/ Commercial lender preapproval.

    Zillow last checked:

    Listing updated:

    Listed by:

    Sharon M Au 808-554-8787,

    Luxury Homes International,

    Doreen M Au 808-255-2945,

    Luxury Homes International

    Bought with:

    Esther Park Kusunoki, RB-21002

    List Sotheby's Int'l Realty

    Paul S Goldkorn, RS-34892

    List Sotheby's Int'l Realty

    Source: HiCentral MLS,MLS#: 202506287MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Appliances
    • Included: Dryer, Washer
    • Laundry: Coin-operated
    Interior area
    • Total structure area: 34,312
    • Total interior livable area: 34,312 sqft

    Property

    Parking
    • Total spaces: 49
    • Parking features: Assigned, Covered, Open
    • Has uncovered spaces: Yes
    Features
    • Levels: Three Or More
    • Has view: Yes
    • View description: Mountain(s), Other
    • Frontage type: Other
    Lot
    • Features: Cleared, Interior Lot, Level
    • Topography: Level,Sloping
    Details
    • Parcel number: 1110620470000
    • Zoning description: 12 - A-2 Medium Density Apartme
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Hollow Tile, Concrete
    • Foundation: Slab
    Condition
    • Good Condition
    • Year built: 1971

    Utilities & green energy

    • Sewer: Connected
    • Water: Public
    • Utilities for property: Electricity Available, Natural Gas Available, Other, Underground Utilities, Water Available, Sewer Connected

    Community & HOA

    Community
    • Features: Other, Storage Facilities, Trash Chute
    • Subdivision: Salt Lake
    HOA
    • Amenities included: Management
    Location
    • Region: Honolulu

    Financial & listing details

    • Price per square foot: $335/sqft
    • Tax assessed value: $5,361,500
    • Annual tax amount: $18,734
    • Date on market: 3/10/2025
    • Total actual rent: 58410
    • Tenant pays: Cable TV, Electricity

    Price history

    DateEventPrice
    5/27/2025Sold$11,500,000+4.5%$335/sqft
    Source: HiCentral MLS #202506287 Report a problem
    3/24/2025Contingent$11,000,000$321/sqft
    Source: HiCentral MLS #202506287 Report a problem
    3/11/2025Listed for sale$11,000,000+2100%$321/sqft
    Source: HiCentral MLS #202506287 Report a problem
    12/31/2002Sold$500,000$15/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$19,000 +1.3%$5,428,600 +1.3%
    2024$18,765 +0.2%$5,361,500 +0.2%
    2023$18,734 +3.9%$5,352,600 +3.9%
    2022$18,031 -0.4%$5,151,600 -0.4%
    2021$18,104 -4.3%$5,172,600 -4.3%
    2020$18,909 -0.9%$5,402,500 -0.9%
    2019$19,089 +2.9%$5,454,100 +2.9%
    2018$18,557 +2.3%$5,301,900 +2.3%
    2017$18,146 +3.1%$5,184,700 +3.1%
    2016$17,603 +2.3%$5,029,500 +2.3%
    2015$17,207 $4,916,300 +16%
    2014-- $4,239,600
    Find assessor info on the county website

    Neighborhood: Salt Lake

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Moanalua
    • Middle: Moanalua
    • High: Moanalua

    Source: HiCentral MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

    Sell for more on Zillow
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    $11,344,900
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    +$226K
    With Zillow Showcase(estimated)
    $11.6M