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906 Hausten St 8 Unit Apartment Building $3,950,000 ($493,750/Unit) Honolulu, HI 96826
Investment Highlights
- 8-Unit Value-Add Multifamily in Prime Moiliili Location Near UH Manoa, Waikiki & Ala Moana.
Executive Summary
Located across from the former Willows Restaurant in the McCully–Moiliili area, this A-2 zoned multifamily property offers immediate upside through renovation and lease-up. Situated on an 11,040 sqft lot, the property consists of three separate buildings with a total of eight units, including seven two-bedroom units and one three-bedroom unit, all separately metered for electricity. Current rents are below market and two units currently vacant, requiring renovation and presently used as storage. All tenants are month-to-month, providing flexibility for repositioning. The buildings were constructed in different periods: the front-left structure is a one-story duplex built in 1941; the rear-right building is a two-story structure built in 1954, containing four units (two per floor); and the front-right building is a three-story structure built in 1976, featuring a two-bedroom unit on the first floor and a three-bedroom unit spanning the second and third floors. Parking includes a two-car carport, a four-car carport, and several additional open parking spaces. Buyer to conduct their own due diligence. Do not disturb tenants. Survey and income statements available.
Property Facts
| Price | $3,950,000 | Building Class | C |
| Price Per Unit | $493,750 | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 6,248 SF |
| No. Units | 8 | Average Occupancy | 75% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1941 |
| Apartment Style | Low-Rise | Parking Ratio | 1.28/1,000 SF |
| Zoning | U/12/12 - Undesignated Zoning | ||
| Price | $3,950,000 |
| Price Per Unit | $493,750 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 6,248 SF |
| Average Occupancy | 75% |
| No. Stories | 3 |
| Year Built | 1941 |
| Parking Ratio | 1.28/1,000 SF |
| Zoning | U/12/12 - Undesignated Zoning |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 7 | - | 520 - 750 |
| 3+2.5 | 1 | - | 1,680 |
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (83)
Property Taxes
| Parcel Number | 1-2-7-009-012-0000 | Improvements Assessment | $396,300 |
| Land Assessment | $2,334,900 | Total Assessment | $2,731,200 |
Property Taxes
Parcel Number
1-2-7-009-012-0000
Land Assessment
$2,334,900
Improvements Assessment
$396,300
Total Assessment
$2,731,200
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Infinite Ocean LLC
906 Hausten St
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