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SOLD
MLS: 202403475
 
Asking Price: $11,000,000 FS - Fee Simple
Sold Price: $9,999,999
Sold Date: 07/31/2024
Type: Multi-Family
District: Metro
Address: 3206 ALa Ilima Streets, Honolulu, HI
Neighborhood: Salt Lake
Land Area: 0.7 Acres
View: City,Garden
Parking: Assigned
Days on Market: 785
(The Price of the property was lowered by $2,000,000 on 03/27/2024)
Year Built: 1973
Zoning: 12 - A-2 Medium Density Apartm
Land Recorded: Regular System
Property Taxes: $1,632
Assessed Value: $5,855,600,.00
Assessed Ratio: 187.85%
Listing Courtesy: CBI Residential Advisory Svcs.
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FIRST TIME ON MARKET! ****$2,000,000 PRICE REDUCTION!***** Trophy 3- story concrete apartment building (24,288 sf) in Salt Lake next to Hoa Aloha Neighborhood Park. 30 units (all 2 bedrooms) on 30,375 sf of A-2 zoned land (150" height limit) and one manager's office. 28 units are 2 beds, 1 bath (768sf) while 2 corner units are larger, 2 bed, 2 bath (1,184 sf) with private lanais and washer/dryer. 38 parking stalls. 100% occupied. Rents under market and opportunities exist for additional income streams, i.e. utility recapture/pet fees/etc. Concrete spalls repairs completed. Exterior painting in progress and to be completed by 3/01/2024. Coin operated laundry facility on site.


 
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