821 Olokele Avenue

Apartments

Created date: October 24, 2023

Date last updated: October 24, 2023

• 2 buildings
• Total Units: 5
• 4 One-Beds, & 1 Three-Bed
• Parking: 6
• Zoning: A-2
• Year Built: front two-storey building – 1957, back (3BR) – 1939
• Land SQFT: 6,000
• Interior SQFT: 3,067

Portfolio Description

Super desirable central location close to beach, Waikiki, UH Manoa, and Ala Moana with 4 one-bedrooms in front two-story building (built in 1957) and 1 three-bedroom house (built in 1939) and 1:1 covered parking. All units separately metered for electric (no master meter), one water meter with very low expenses, currently self-managed. Seasoned tenant pool—this area is a tenant favorite(!)—and room for improving rents as all tenants are MTM. Laundry machines owned by tenants. Improvements include: 2 new roofs, copper plumbing inside all units, upgraded electric panels, house and Unit A : most electric rewired.

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Broker Details

Christina Dwight Christina Dwight

Portfolio Key Information

Listing Status:	Available
Listing Type:	Highest & best offer
Multifamily type:	Apartments
Price:	$ 1,888,000
No. of Units:	5
Cap Rate:	3.61%
Year Built:	1939
Building Size:	3067 Sq ft
Lot Size:	6,000 Sq ft
No. of Stories:	2
Opportunity Zone:	No
Price per unit:	$377,600
Portfolio Website	Click Here