SOLD 10/31/2022
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Multi-Family sold for $5,000,000 in 11 days
1623 Alapai St Honolulu, HI, 96813
Neighborhood: Punchbowl AreaOff the market 9,860 sqft
A GEM at the base of Punchbowl. This 17 unit building is poised for income potential. 7 - 1 bedroom units, 10 - 2 bedroom units. 1 beds are 480 sq ft, 2 bedrooms are either 600 or 720 sq ft depending on stack. CMU construction, concrete walls between units, individual electric meters, assigned parking, resident manager on site, great ocean and city views, very well maintained. At the end of Alapai Street against the hills of Punchbowl provides privacy for the units and cool breezes. Laundry facilities onsite and a communal garden. Units have been upgraded as tenants moved out, all varies. Long time residents have lived in the building. First time changing hands in over 43 years. Please review financial listing packet for more information on rent roll, expenses, pro-forma, survey, floor plans etc. Amazing rental income opportunity with a solid building that has been well maintained.
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Property details
1971 year built
View
City, Coastline, Ocean
Price per sqft
$507/sqft
Address
1623 Alapai St, Honolulu, HI, 96813
City of Hawaii
Honolulu
Island
Oahu
Building type
Apartments
Year Built
1971
Land tenure
FS - Fee Simple
Neighborhood
Punchbowl Area
District
Honolulu
Virtual Tour
Open Houses
No upcoming open houses
Interior Features
18 parking places
Stories
Three, 4-7
Furnished
None
Roof
Other
Utilities
Cable, Internet, Overhead Electricity, Public Water, Water
Property Condition
Above Average, Average
nr.of parking places
18
Garage & Parking
Assigned
Amenities
Resident Manager
Listed by
Melvin Leon Guerrero, Compass
(808) 825-4277
(808) 825-4277
Name
Melvin Leon Guerrero
License number
RB-21994
Brokerage company
Compass
(808) 825-4277
(808) 825-4277
MLS #
202212082
Buyer agent
Name
Esther Park Kusunoki
Brokerage company
List Sotheby's Int'l Realty
(808) 735-2411
(808) 735-2411
Payment calculator
Calculate your monthly payments
Mortgage
$15,352
Taxes
$763
HOA dues
$0
Mortgage
$1,000,000 / 20%
2.28%
30 years
Your amount
$15,352 / month
Exterior Features
Concrete, Hollow Tile, Other construction and more
Construction
Concrete, Hollow Tile, Other
Lot details
TMK #1220040190000
Lot Description
Clear
Parcel nr.
1220040190000
Punchbowl Area 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 Punchbowl Area
31%
Families with children
National average: 39%
30%
Non family households
416,417
Population
$128,695
Average Income
Age & gender
Median age 44 years
More info
Commute types
65% 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
48% have 1 vehicle
More info
Vehicles by gender
48% have 1 vehicle
More info
Housing market insights for
$731.03k
Neighborhood average
sales price*
sales price*
$515.96k
Neighborhood median
sales price*
sales price*
1204
Number
of sales*
of sales*
Housing type
60% are apartments
More info
Rooms
38% of the houses have 2 or 3 rooms
More info
Bedrooms
46% have 2 or 3 bedrooms
More info
Owners vs Renters
52% are renters
More info
13.33 / 20
Above Average
►
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 1 Bd
7
# of 3 Bd
10
Income
Total Actual Rent
$11,030
Schools
15 schools with rating up to 9
| School rating | Distance | |
|---|---|---|
| out of 10 |
Royal Elementary School
1519 Queen Emma St,
Honolulu, HI 96813
Elementary School |
0.341mi |
|
K12 International Academy
1390 Miller Street ,
Honolulu, HI 96813
Middle School |
0.421mi | |
|
K12 International Academy
1390 Miller Street ,
Honolulu, HI 96813
High School |
0.421mi | |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Royal Elementary School
1519 Queen Emma St,
Honolulu, HI 96813
|
0.341mi |
|
K12 International Academy
1390 Miller Street ,
Honolulu, HI 96813
|
0.421mi | |
|
St Andrews Priory School
224 Queen Emma Square,
Honolulu, HI 96813
|
0.511mi | |
| out of 10 |
Queen Kaahumanu Elementary School
1141 Kinau St,
Honolulu, HI 96814
|
0.569mi |
| out of 10 |
President Abraham Lincoln Elementary School
615 Auwaiolimu St,
Honolulu, HI 96813
|
0.57mi |
| School rating | Distance | |
|---|---|---|
|
K12 International Academy
1390 Miller Street ,
Honolulu, HI 96813
|
0.421mi | |
|
St Andrews Priory School
224 Queen Emma Square,
Honolulu, HI 96813
|
0.511mi | |
| out of 10 |
Robert Louis Stevenson Middle School
1202 Prospect St,
Honolulu, HI 96822
|
0.523mi |
| out of 10 |
Central Middle School
1302 Queen Emma St,
Honolulu, HI 96813
|
0.538mi |
|
Hongwanji Mission School
1728 Pali Hwy,
Honolulu, HI 96813
|
0.586mi | |
| School rating | Distance | |
|---|---|---|
|
K12 International Academy
1390 Miller Street ,
Honolulu, HI 96813
|
0.421mi | |
|
Hawaiian Mission Academy
1438 Pensacola Street,
Honolulu, HI 96822
|
0.431mi | |
|
St Andrews Priory School
224 Queen Emma Square,
Honolulu, HI 96813
|
0.511mi | |
|
Pacific Buddhist Academy
1710 Pali Highway,
Honolulu, HI 96813
|
0.519mi | |
| out of 10 |
President William Mckinley High School
1039 South King St,
Honolulu, HI 96814
|
0.66mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Sold Oct 31, 2022
Punchbowl Area Median sales price 2024
| Bedrooms | Med. price | % of listings |
|---|---|---|
| Not specified | $351.78k | 6.67% |
| 1 bed | $309k | 23.33% |
| 2 beds | $550k | 50% |
| 3 beds | $925k | 13.33% |
| 4 beds | $940k | 3.33% |
| 11 beds | $1.68m | 3.33% |
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Oct 31, 2022 | Sold | $5,000,000 | 507.1 | Public Record |
| Oct 24, 2022 | Pending | $5,000,000 | 507.1 | MLS #202212082 |
| Jul 29, 2022 | Under contract | $5,000,000 | 507.1 | MLS #202212082 |
| Jul 19, 2022 | New Listing | $5,000,000 | 507.1 | MLS #202212082 |
| Jul 18, 2022 | Coming Soon | $5,000,000 | 507.1 | MLS #202212082 |
Taxes of 1623 Alapai St, Honolulu, HI, 96813
12 - A-2 Medium Density Apartme zoning / MLS #202212082
Current Property Taxes p/month
$762
Assessed Improvement value
$857,500
Assessed Land value
$1,757,500
Land Recorded
Land Court
Zoning
12 - A-2 Medium Density Apartme
Flood Zone
Zone X
Topography
Level
Location
Dead End
Total Assessed value
$2,615,000
Tax History
| Year | Taxes | Source |
|---|---|---|
| 2022 | $9,153 | MLS #202212082 |
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.
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Frequently Asked Questions about 1623 Alapai St
Which year was this multi-family built?
This multi-family was build in 1971.
Which year was this property last sold?
This property was sold in 2022.
What is the full address of this Multi-Family?
1623 Alapai St, Honolulu, HI, 96813.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 by HiCentral Mls, Ltd. Listing courtesy of Compass.
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: Oct 31, 2022
Verhouse Last checked 3 minutes ago
The closest grocery stores are Safeway, 0.65 miles away and Safeway, 0.67 miles away.
The Punchbowl Area neighborhood has a population of 416,417, and 31% of the families have children. The median age is 44.59 years and 65% commute by car. The most popular housing type is "apartment" and 52% is renter.