PRICE IMPROVEMENT!
Prime investment opportunity - proforma 6.26% cap rate! This predominantly concrete 9-unit multifamily property is excellently located on Ward Ave. in the heart of Punchbowl. Unbeatable convenience with immediate access to H1 in both directions and a short distance to the vibrant dining and shopping hubs of Kakaako and Ala Moana Shopping Center. Downtown Honolulu is just 1.5 miles away. This property has under-market rents and month-to-month tenants, offering significant upside potential. Units are in classic condition, allowing a new owner to complete a value-add campaign and boost returns even further. The property includes a spacious, fenced grassy area in the back and an area for a community garden between the buildings. Individually metered for electricity and eligible for Bill 7 development.
Please do not go on the property without the listing agent. Sale is subject to 1031 exchange.
Closed
$2,050,000
1420 Ward Ave, Honolulu, HI 96822
--beds
0baths
4,386sqft
Multi Family
Built in 1957
-- sqft lot
$2,032,600 Zestimate®
$467/sqft
$1,780 Estimated rent
Home value
$2,032,600
$1.89M - $2.20M
$1,780/mo
Zestimate® history
Owner options
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$1,780/mo
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$1,780/mo
Rent Zestimate®
Refinance and save
$9,145/mo
Est. payment
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$9,145/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Michael M Okamoto 808-208-8107,
Standard Management LLC
Bought with:
Julian Young, RS-73151
Real Estate Strategies, LLC
Source: HiCentral MLS,MLS#: 202421951
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Appliances
- Included: Washer
- Laundry: Other
Interior area
- Total structure area: 4,386
- Total interior livable area: 4,386 sqft
Property
Parking
- Total spaces: 5
- Parking features: Assigned, Covered
Features
- Levels: Two,Three Or More
- Stories: 2
- Has view: Yes
- View description: Coastline
- Has water view: Yes
- Water view: Coastline
Lot
- Features: Other
- Topography: Sloping
Details
- Parcel number: 1210390360000
- Zoning description: 12 - A-2 Medium Density Apartme
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Hollow Tile, Concrete, Wood Frame
Condition
- Average Condition
- Year built: 1957
Utilities & green energy
- Sewer: Connected
- Utilities for property: Above Ground Utilities, Electricity Available, Sewer Available, Water Available, Sewer Connected
Community & HOA
Community
- Features: None
- Subdivision: Punchbowl-Lower
Location
- Region: Honolulu
Financial & listing details
- Price per square foot: $467/sqft
- Tax assessed value: $1,412,600
- Annual tax amount: $4,944
- Date on market: 9/30/2024
- Total actual rent: 9025
- Tenant pays: Electricity, Parking Fee
Price history
| Date | Event | Price |
|---|---|---|
| 7/1/2025 | Sold | $2,050,000-8.9%$467/sqft |
Source:  HiCentral MLS #202421951 Report a problem | ||
| 4/25/2025 | Contingent | $2,250,000$513/sqft |
Source: HiCentral MLS #202421951 Report a problem | ||
| 11/5/2024 | Listed for sale | $2,250,000$513/sqft |
Source: HiCentral MLS #202421951 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Punchbowl
Nearby homes
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- $--1 bd1 ba400 sqft1420 Ward Ave APT D, Honolulu, HI 96822Off Market
- $--1 bd1 ba450 sqft1420 Ward Ave APT 4, Honolulu, HI 96822Off Market
- $311,6001 bd1 ba400 sqft1420 Ward Ave APT E, Honolulu, HI 96822Off Market
- $--1 bd1 ba500 sqft1420 Ward Ave APT 2, Honolulu, HI 96822Off Market
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- $--1 bd1 ba-- sqft1414 Ward Ave APT B, Honolulu, HI 96822Off Market
Nearby schools
GreatSchools rating
- 5/10Royal Elementary SchoolGrades: PK-5Distance: 0.5 mi
- 6/10Robert Louis Stevenson Middle SchoolGrades: 6-8Distance: 0.6 mi
- 8/10President Theodore Roosevelt High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: Royal
- Middle: Stevenson
- High: Roosevelt
Source: HiCentral MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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$2,032,600
2% more
+$40,652
With Zillow Showcase(estimated)
$2,073,252
- Hawaii
- Honolulu County
- Honolulu
- 96822
- Punchbowl
- 1420 Ward Ave
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