Closed

$1,820,000

1221 Gulick Ave, Honolulu, HI 96819

--beds

0baths

3,019sqft

Multi Family

Built in 1923

-- sqft lot

$1,785,300 Zestimate^®

$603/sqft

$1,875 Estimated rent

Home value

$1,785,300

$1.64M - $1.95M

$1,875/mo

Zestimate^® history

Owner options

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$1,875/mo

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$1,875/mo

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$8,119/mo

Est. payment

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$8,119/mo

Est. payment

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What's special

Exceptional Investment opportunity! Discover the potential of this expansive and level 18,000+ square foot lot, zoned R-3.5, located in the Kalihi neighborhood. This property offers a myriad of possibilities: renovate the existing dwellings to continue generating income, add additional units, or build brand new structures. The zoning and lot size allow for the potential development of up to 5 new dwellings (buyers to conduct their own due diligence and verification). Currently, the property features three existing homes: a spacious 3-bedroom, 1-bath unit, and two 2-bedroom, 1-bath units. Please respect the privacy of the tenants and refrain from walking on the property without a confirmed appointment. Tax office records do not match actual square footage and bed/bathroom count.

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 0

Appliances

Laundry: None

Interior area

Total structure area: 3,019
Total interior livable area: 3,019 sqft

Property

Parking

Total spaces: 6
Parking features: Open
Has uncovered spaces: Yes

Features

Levels: One
Stories: 1
Has view: Yes
View description: Mountain(s)

Lot

Features: Cleared, Irregular Lot, Other, Level
Topography: Level

Details

Parcel number: 1130070670000
Zoning description: 07 - R-3.5 Residential District
Special conditions: None

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Wood Frame

Condition

Repairs Major,Tear Down / Value in Land
Year built: 1923

Utilities & green energy

Sewer: Connected
Water: Public
Utilities for property: Above Ground Utilities, Electricity Available, Water Available, Sewer Connected

Community & HOA

Community

Features: None
Subdivision: Kalihi-Lower

Location

Region: Honolulu

Financial & listing details

Price per square foot: $603/sqft
Tax assessed value: $2,080,500
Annual tax amount: $7,281
Date on market: 9/27/2024
Total actual rent: 0

Price history

Date	Event	Price
1/16/2025	Sold	$1,820,000-6.7%$603/sqft
Source: HiCentral MLS #202421983 Report a problem
11/25/2024	Contingent	$1,950,000$646/sqft
Source: HiCentral MLS #202422015 Report a problem
9/28/2024	Listed for sale	$1,950,000$646/sqft
Source: HiCentral MLS #202421983 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,903 -5.2%	$1,972,400 -5.2%
2024	$7,282 -4.1%	$2,080,500 -4.1%
2023	$7,595 +28.4%	$2,170,100 +28.4%
2022	$5,917 +1%	$1,690,600 +1%
2021	$5,857 -6.5%	$1,673,300 -6.5%
2020	$6,266 -8.6%	$1,790,300 -8.6%
2019	$6,854 +30.3%	$1,958,300 +30.3%
2018	$5,262 -14.8%	$1,503,300 -14.8%
2017	$6,173 +6.4%	$1,763,600 +6.4%
2016	$5,800 +9%	$1,657,200 +9%
2015	$5,323	$1,520,900 +8.4%
2014	--	$1,403,400