OFFERED below assessed Value. Beautifully maintained 2-story concrete building with (1x) 1-bedroom and (9x) 2-bedroom units with 10 open parking stalls. A large 13,965 sq ft lot with building size of 7,920 sq. ft. Each unit features exceptionally large living space with balcony or backyard with units own hot water tank. Building features a coin-operated laundry area for extra monthly income, separately metered electricity, and one sewer. Current rents are below market allowing a buyer to increase rents with some upgrades. Possible redeveloping option under Bill 7 to maximize the property's highest and best use. Ideally located near Chaminade University and the University of Hawaii Manoa, restaurants, and shops.
Closed
$3,415,000
1242 6th Ave, Honolulu, HI 96816
--beds
0baths
7,920sqft
Multi Family
Built in 1969
-- sqft lot
$3,949,900 Zestimate®
$431/sqft
$2,850 Estimated rent
Home value
$3,949,900
$3.28M - $4.74M
$2,850/mo
Zestimate® history
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$15,234/mo
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Zillow last checked:
Listing updated:
Listed by:
Angela Chang 808-393-3700,
Island, REALTORS,
Scott T Fujiwara 808-387-6874,
Island, REALTORS
Bought with:
Mia Lin, RB-24586
Locations LLC
Source: HiCentral MLS,MLS#: 202306592
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Appliances
- Laundry: Coin-operated
Interior area
- Total structure area: 7,920
- Total interior livable area: 7,920 sqft
Property
Parking
- Total spaces: 10
- Parking features: Assigned, Open
- Has uncovered spaces: Yes
Features
- Levels: Two
- Stories: 2
- Has view: Yes
- View description: Mountain(s)
- Frontage type: Other
Lot
- Features: Interior Lot, Other, Level
- Topography: Level
Details
- Parcel number: 1330030210000
- Zoning description: 11 - A-1 Low Density Apartment
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Concrete
Condition
- Average Condition,Good Condition
- Year built: 1969
Utilities & green energy
- Sewer: Connected
- Water: Public
- Utilities for property: Above Ground Utilities, Electricity Available, Natural Gas Available, High Speed Internet Available, Phone Available, Water Available, Sewer Connected
Community & HOA
Community
- Features: None
- Subdivision: Palolo
Location
- Region: Honolulu
Financial & listing details
- Price per square foot: $431/sqft
- Tax assessed value: $3,981,600
- Annual tax amount: $13,908
- Date on market: 3/21/2023
- Total actual rent: 1
- Tenant pays: Cable TV, Electricity, Other
Price history
| Date | Event | Price |
|---|---|---|
| 4/1/2024 | Sold | $3,415,000-7.7%$431/sqft |
Source:  HiCentral MLS #202306592 Report a problem | ||
| 2/28/2024 | Contingent | $3,700,000$467/sqft |
Source: HiCentral MLS #202306592 Report a problem | ||
| 2/6/2024 | Price change | $3,700,000-7.5%$467/sqft |
Source: HiCentral MLS #202306592 Report a problem | ||
| 10/23/2023 | Listed for sale | $4,000,000$505/sqft |
Source: HiCentral MLS #202306592 Report a problem | ||
| 5/11/2023 | Contingent | $4,000,000$505/sqft |
Source: HiCentral MLS #202306592 Report a problem | ||
| 3/21/2023 | Listed for sale | $4,000,000$505/sqft |
Source: HiCentral MLS #202306592 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,936 -2.8% | $3,981,600 -2.8% |
| 2024 | $14,344 -8.9% | $4,098,200 -8.9% |
| 2023 | $15,749 +3.8% | $4,499,700 +3.8% |
| 2022 | $15,168 +9.1% | $4,333,600 +9.1% |
| 2021 | $13,902 +2.2% | $3,971,900 +2.2% |
| 2020 | $13,603 -3.2% | $3,886,600 -3.2% |
| 2019 | $14,056 +21.7% | $4,016,000 +21.7% |
| 2018 | $11,554 +12.7% | $3,301,100 +12.7% |
| 2017 | $10,255 +10.4% | $2,929,900 +10.4% |
| 2016 | $9,290 +3.9% | $2,654,400 +3.9% |
| 2015 | $8,939 | $2,554,000 +3.1% |
| 2014 | -- | $2,478,300 |
Find assessor info on the county website
Neighborhood: Palolo
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Nearby schools
GreatSchools rating
- 7/10Aliiolani Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 6/10William P Jarrett Middle SchoolGrades: 6-8Distance: 0.9 mi
- 3/10Kaimuki High SchoolGrades: 9-12Distance: 0.8 mi
- Hawaii
- Honolulu County
- Honolulu
- 96816
- Palolo
- 1242 6th Ave
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