SOLD 05/09/2024
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Off the market 7,170 sqft
CASH COW. Rare Leasehold asset with excellent income and irresistible pricing. Built in 1991, this income GEM is well maintained and rented by the room. Resident manager on site and make sure the property sparkles. Better that 1:1 parking. Currently rented BY THE ROOM (39 rooms) with shared kitchen and bathroom = 7 five bed/1 ba + 2 three bed, one ba. Can convert to 9 separate rentals to lessen management and overhead (electric and water included, 10 electric meters, 1 water meter), plus Bonus electric charging station for EV)! Lender has verified a $270,000 loan based on “known” rental period to 2027. Lease ends in 2037.
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Property details
1991 year built
View
None, Other
Price per sqft
$90/sqft
Address
1120 Pua Ln, Honolulu, HI, 96817
City of Hawaii
Honolulu
Island
Oahu
Building type
Apartments
Year Built
1991
Frontage
Other
Land tenure
LH - Leasehold
Neighborhood
Palama
District
Honolulu
Open Houses
No upcoming open houses
Interior Features
18 parking places
Stories
Three
Roof
Composition
Utilities
Cable, Overhead Electricity, Public Water, Sewer Fee, Water
Property Condition
Average
nr.of parking places
18
Garage & Parking
Assigned, Open
Amenities
Fire Sprinkler, Resident Manager
Listed by
Lillian Shaw, Savio Realty Ltd.
(808) 955-6672
(808) 955-6672
Name
Lillian Shaw
License number
RS-68246
Brokerage company
Savio Realty Ltd.
(808) 955-6672
(808) 955-6672
MLS #
202403891
Buyer agent
Name
Isi M Nau
Brokerage company
Blue Mango
(808) 369-9654
(808) 369-9654
Payment calculator
Calculate your monthly payments
Mortgage
$1,996
Taxes
$800
HOA dues
$6,742
Mortgage
$130,000 / 20%
2.28%
30 years
Your amount
$1,996 / month
Exterior Features
Wood Frame construction and more
Construction
Wood Frame
Lot details
TMK #1170310050000
Lot Description
Clear
Parcel nr.
1170310050000
Palama neighborhood info
Essentials nearby
Neighborhood stats
Walkability
Coffee shops
—
no data
Bus stop
—
no data
Supermarket
—
no data
Costco
—
no data
Hospital
—
no data
Park
—
no data
Beach
—
no data
Elementary school
—
no data
Middle school
—
no data
High school
—
no data
Local airport
—
no data
People living in Palama
32%
Families with children
National average: 39%
29%
Non family households
416,417
Population
$128,695
Average Income
Age & gender
Median age 43 years
More info
Commute types
66% commute by car
More info
Education level
25% have bachelor education
More info
Number of employees
2% work in education and healthcare
More info
Vehicles available
46% have 1 vehicle
More info
Vehicles by gender
46% have 1 vehicle
More info
Housing market insights for
$789.59k
Neighborhood average
sales price*
sales price*
$570.58k
Neighborhood median
sales price*
sales price*
741
Number
of sales*
of sales*
Housing type
56% are apartments
More info
Rooms
36% of the houses have 2 or 3 rooms
More info
Bedrooms
51% have 2 or 3 bedrooms
More info
Owners vs Renters
50% are renters
More info
16.5 / 20
Most Walkable
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Unit Information
# of 2 Bd
9
Income
Total Actual Rent
$30,300
Schools
15 schools with rating up to 7
| School rating | Distance | |
|---|---|---|
| out of 10 |
Princess Victoria Kaiulani Elementary School
783 North King St,
Honolulu, HI 96817
Elementary School |
0.162mi |
|
St. Theresa School
712 North School Street,
Honolulu, HI 96817
Middle School |
0.362mi | |
|
Damien Memorial School
1401 Houghtailing Street,
Honolulu, HI 96817
High School |
0.687mi | |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Princess Victoria Kaiulani Elementary School
783 North King St,
Honolulu, HI 96817
|
0.162mi |
| out of 10 |
Princess Miriam K Likelike Elementary School
1618 Palama St,
Honolulu, HI 96817
|
0.285mi |
|
St. Theresa School
712 North School Street,
Honolulu, HI 96817
|
0.362mi | |
| out of 10 |
Kauluwela Elementary School
1486 Aala St,
Honolulu, HI 96817
|
0.363mi |
| out of 10 |
Lanakila Elementary School
717 North Kuakini St,
Honolulu, HI 96817
|
0.478mi |
| School rating | Distance | |
|---|---|---|
|
St. Theresa School
712 North School Street,
Honolulu, HI 96817
|
0.362mi | |
|
Damien Memorial School
1401 Houghtailing Street,
Honolulu, HI 96817
|
0.687mi | |
|
Cathedral Catholic Academy
1728 Nuuanu Avenue,
Honolulu, HI 96817
|
0.696mi | |
| out of 10 |
Central Middle School
1302 Queen Emma St,
Honolulu, HI 96813
|
0.849mi |
|
Halau Lokahi - A New Century Public Charter School
401 Waiakamilo Rd,
Honolulu, HI 96817
|
0.856mi | |
| School rating | Distance | |
|---|---|---|
|
Damien Memorial School
1401 Houghtailing Street,
Honolulu, HI 96817
|
0.687mi | |
|
Halau Lokahi - A New Century Public Charter School
401 Waiakamilo Rd,
Honolulu, HI 96817
|
0.856mi | |
| out of 10 |
Governor Wallace Rider Farrington High School
1564 North King St,
Honolulu, HI 96817
|
0.869mi |
|
Pacific Buddhist Academy
1710 Pali Highway,
Honolulu, HI 96813
|
0.896mi | |
|
St Andrews Priory School
224 Queen Emma Square,
Honolulu, HI 96813
|
0.936mi | |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Sold May 9, 2024
Palama Median sales price 2024
| Bedrooms | Med. price | % of listings |
|---|---|---|
| Not specified | $650k | 25% |
| 2 beds | $298.5k | 50% |
| 3 beds | $600k | 25% |
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| May 9, 2024 | Sold | $650,000 | 90.66 | Public Record |
| May 9, 2024 | Price Decrease | $650,000 -7.01% | 90.66 | MLS #202403891 |
| Mar 13, 2024 | $699,000 | 97.49 | MLS #202403891 | |
| Feb 20, 2024 | New Listing | $699,000 | 97.49 | MLS #202403891 |
| Sep 23, 2021 | Sold | $699,000 | 97.49 | Public Record |
| Sep 2, 2021 | Pending | $699,000 | 97.49 | MLS #202119729 |
| Aug 17, 2021 | Under contract | $699,000 | 97.49 | MLS #202119729 |
| Aug 2, 2021 | New Listing | $699,000 +210.67% | 97.49 | MLS #202119729 |
| Jun 4, 2001 | Sold | $225,000 | 26.47 | Public Record |
| Jun 4, 2001 | Price Decrease | $225,000 -23.73% | 26.47 | MLS #2008285 |
| Apr 4, 2001 | Pending | $295,000 | 34.71 | MLS #2008285 |
| Nov 30, 2000 | Price Decrease | $295,000 -25.32% | 34.71 | MLS #2008285 |
| Aug 29, 2000 | New Listing | $395,000 -20.2% | 46.47 | MLS #2008285 |
| Aug 6, 2000 | Expired | $495,000 | 58.24 | MLS #2002170 |
| Mar 23, 2000 | Price Decrease | $495,000 -16.81% | 58.24 | MLS #2002170 |
| Mar 9, 2000 | New Listing | $595,000 | 70 | MLS #2002170 |
Taxes of 1120 Pua Ln, Honolulu, HI, 96817
12 - A-2 Medium Density Apartme zoning / MLS #202403891
Current Property Taxes p/month
$800
Assessed Improvement value
$826,600
Assessed Land value
$1,918,200
Land Recorded
Regular System
Zoning
12 - A-2 Medium Density Apartme
Flood Zone
Zone X
Topography
Level
Location
Inside
Lease renegotiation date
2037-12-01
Lease expiration
2037-04-02
Monthly lease payment
$6,741
Total Assessed value
$2,744,800
Tax History
| Year | Taxes | Source |
|---|---|---|
| 2023 | $9,600 | MLS #202403891 |
| 2021 | $9,419 | MLS #202119729 |
About Tax & History Data: We obtain the price and history data from public records and / or from local MLS feeds. Please use the contact form on this page if you would like the most up-to-date information.
Agent viewpoints of 1120 Pua Ln, Honolulu, HI, 96817
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Frequently Asked Questions about 1120 Pua Ln
Which year was this multi-family built?
This multi-family was build in 1991.
Which year was this property last sold?
This property was sold in 2024.
What is the full address of this Multi-Family?
1120 Pua Ln, Honolulu, HI, 96817.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 by HiCentral Mls, Ltd. Listing courtesy of Savio Realty Ltd..
Our company may forward your question(s), email address, phone number, name, and any other information you may provide to a licensed real estate agent in the state where the property you are inquiring about is located. We forward your information to assist you in getting you the answers you are requesting. However, you are not obligated to work with this agent. The agent we forward your information to may or may not be the listing agent for the property. Please discuss with the agent regarding your options for representation. Information deemed reliable but not guaranteed.
Listing last updated: May 09, 2024
Verhouse Last checked 4 minutes ago
The closest grocery stores are Times Supermarket, 0.27 miles away and Palama Supermarket, 0.31 miles away.
The Palama neighborhood has a population of 416,417, and 32% of the families have children. The median age is 43.92 years and 66% commute by car. The most popular housing type is "apartment" and 50% is renter.