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815 Lopez Ln 12 Unit Apartment Building $2,988,000 ($249,000/Unit) 7.88% Cap Rate Honolulu, HI 96817
Investment Highlights
- Total Units: 12
- Unit Type: Two-Bed
- Zoning: R-5
- # of Buildings: 3
- Parking: 4
- Year Built: 1916
Executive Summary
Completely renovated inside and out, this 3-structure legal, non-conforming gem earns better than a 7.8% return (actual). Off-the-ground construction means repairs are simple! All 12 two-bedrooms are permitted & renovated with new electric, plumbing, kitchens, and bathrooms, windows, doors, new roofs, paint, and more. Separately metered for water, electric, and gas (not hooked up) mean recurring utility expenses for this excellent opportunity are close to zero. Private lane access runs with the property & includes 3 parking spaces that are rented out for add’l income.
Property Facts
| Price | $2,988,000 | Building Class | C |
| Price Per Unit | $249,000 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 5,536 SF |
| Cap Rate | 7.88% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1912 |
| Property Subtype | Apartment | ||
| Zoning | R-5 | ||
| Price | $2,988,000 |
| Price Per Unit | $249,000 |
| Sale Type | Investment |
| Cap Rate | 7.88% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 5,536 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1912 |
| Zoning | R-5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 12 | - | - |
1 1
Exceptionally walkable
90/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $265,900 | |
| Land Assessment | $767,100 | Total Assessment | $1,033,000 |
Property Taxes
Parcel Numbers
Land Assessment
$767,100
Improvements Assessment
$265,900
Total Assessment
$1,033,000
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815 Lopez Ln