420 Olohana Street

in Honolulu, Hawaii

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  • $5,000,000
  • 4,500 sq ft land
  • 0.1 ac

Actions for 420 Olohana Street

Rare opportunity to buy a fee simple, 16-unit apartment building in Waikiki that is zoned Apartment Mixed Use. Great location with a straightforward path to renovating and getting much higher rents like the rest of Waikiki, but it needs work. There are currently 9 vacant units which offers a value-add investor the opportunity to refurbish and lease up over 56% of the building immediately. All units are currently rented at below-market rents. Solid concrete building, separately metered for electricity and large common area spaces with room to add amenities like storage. Add coin operated laundry for additional income. APARTMIX zoning may allow for some commercial uses – please consult your architect to discuss ways to take advantage of this zoning. Sale is subject to Seller executing a 1031 exchange.

Property details for 420 Olohana Street

  • MLS # 202311288
  • Property Type Multi-Family
  • Lot Size (Ft) 4,500
  • Year Built 1960
  • Flood Zone Zone AO
  • Elementary Schools Ala Wai
  • High Schools Kaimuki
  • Topography Level
  • Building Type Apartments
  • Property Condition Fair
  • Stories Type 4-7
  • Property Condition Other
  • Roofing Other
  • Parking Spots 5
  • Sewer Connected
  • Possession At Closing
  • Listing Brokerage Standard Management LLC
  • Type Of Dwelling Multi-Family
  • Amenities None
  • View Specify City
  • County Data Click Here

Taxes for 420 Olohana Street

  • Tax Id 1260160440000
  • Gross Taxes $332
  • Taxes For Tax Year 2023

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Listings last updated on 10/01/2023. Information is deemed reliable but not guaranteed. Copyright: 2020 by HiCentral MLS, Ltd.

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