Closed

$4,300,000

2989 Ala Ilima St, Honolulu, HI 96818

--beds

0baths

13,824sqft

Multi Family

Built in 1969

-- sqft lot

$4,256,000 Zestimate^®

$311/sqft

$2,014 Estimated rent

Home value

$4,256,000

$3.92M - $4.60M

$2,014/mo

Zestimate^® history

Owner options

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$2,014/mo

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$2,014/mo

Rent Zestimate^®

Refinance and save

$19,182/mo

Est. payment

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$19,182/mo

Est. payment

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What's special

COMMERCIAL LISTING. RARE FIND in Salt Lake. Owners never thought they'd sell, so took care of the building like they'd keep it forever with lease rents WAY below market. Easy opportunity to 'manage up.' Beautifully maintained building with an elevator and 16 units: 4 ones, 12 twos, and 16 parking with 5 tandem stalls for 21 stalls total (most are covered w/extra charge for usage). Easy to rent units with cool mountain breezes in a desirable neighborhood. Hollow tile construction, simple & clean interiors in excellent condition. All units separately metered for electricity and one water meter.

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 0

Appliances

Included: Dryer, Washer
Laundry: Coin-operated

Interior area

Total structure area: 13,824
Total interior livable area: 13,824 sqft

Property

Parking

Total spaces: 16
Parking features: Assigned, Covered

Features

Levels: Three Or More
Has view: Yes
View description: City
Frontage type: Other

Lot

Features: Cleared, Interior Lot
Topography: Sloping

Details

Parcel number: 1110610270000
Zoning description: 12 - A-2 Medium Density Apartme
Special conditions: None

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Hollow Tile

Condition

Excellent
Year built: 1969
Major remodel year: 2024

Utilities & green energy

Sewer: Connected
Water: Public
Utilities for property: Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available, Sewer Connected

Community & neighborhood

Community

Community features: None, Other

Location

Region: Honolulu
Subdivision: Salt Lake

HOA & financial

Other financial information

Total actual rent: 21375

Price history

Date	Event	Price
4/25/2025	Sold	$4,300,000-4.4%$311/sqft
Source: HiCentral MLS #202505434 Report a problem
3/9/2025	Contingent	$4,500,000$326/sqft
Source: HiCentral MLS #202505434 Report a problem
3/6/2025	Listed for sale	$4,500,000+172.7%$326/sqft
Source: HiCentral MLS #202505434 Report a problem
7/26/2019	Sold	$1,650,000+122.2%$119/sqft
Source: Public Record Report a problem
7/12/2004	Sold	$742,500-55%$54/sqft
Source: Public Record Report a problem
2/27/2004	Sold	$1,650,000$119/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$9,327 0%	$2,664,900 0%
2024	$9,332 +0.1%	$2,666,200 +0.1%
2023	$9,320 +8.4%	$2,662,900 +8.4%
2022	$8,596 +1.1%	$2,456,100 +1.1%
2021	$8,501 -5.5%	$2,428,900 -5.5%
2020	$8,997 -0.7%	$2,570,700 -0.7%
2019	$9,065 +4.1%	$2,590,100 +4.1%
2018	$8,705 +1.5%	$2,487,200 +1.5%
2017	$8,575 +2.3%	$2,450,000 +2.3%
2016	$8,383 +2.9%	$2,395,200 +2.9%
2015	$8,143	$2,326,600 -7.6%
2014	--	$2,517,400