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1649 Democrat St 8 Unit Apartment Building $1,500,000 ($187,500/Unit) Honolulu, HI 96817
Investment Highlights
- Corner lot with strong visibility and accessibility
- Significant potential for renovation or redevelopment
- Multi-structure layout
- High-demand urban industrial submarket
- Minutes to airport, harbor, and downtown Honolulu
- Prime industrial-zoned property in central Kalihi
Executive Summary
Industrial-zoned income producing corner-lot property in Kalihi with strong redevelopment or owner-user potential. Property consists of two structures totaling approximately 3,824 sq ft on a 4,514 sq ft lot. Zoned I-2, allowing for a wide range of commercial and industrial uses. Convenient location with easy access to Nimitz Hwy, H-1 Freeway, Airport Sand Island, and Honolulu Harbor. Ideal for investors, contractors, or businesses. Strong upside potential for investors and developers. All units currently occupied, however notice given to tenants to vacate.
Property Facts
| Price | $1,500,000 | Building Class | C |
| Price Per Unit | $187,500 | Lot Size | 0.10 AC |
| Sale Type | Investment | Building Size | 3,824 SF |
| Sale Condition | 1031 Exchange | No. Stories | 2 |
| No. Units | 8 | Year Built | 1944 |
| Property Type | Multifamily | Parking Ratio | 1.57/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | I-2 | ||
| Price | $1,500,000 |
| Price Per Unit | $187,500 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 3,824 SF |
| No. Stories | 2 |
| Year Built | 1944 |
| Parking Ratio | 1.57/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | I-2 |
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Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 1-1-2-004-056-0000 | Improvements Assessment | $169,600 |
| Land Assessment | $1,205,200 | Total Assessment | $1,374,800 |
Property Taxes
Parcel Number
1-1-2-004-056-0000
Land Assessment
$1,205,200
Improvements Assessment
$169,600
Total Assessment
$1,374,800
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1649 Democrat St
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