SOLD 11/20/2023
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Multi-Family sold for $4,150,000 in 76 days
1662 Lewalani Dr Honolulu, HI, 96822
Neighborhood: MakikiOff the market 7,524 sqft
100% leased 12-unit apartment building in a well-located part of Makiki. Excellent stabilized cash flow
opportunity which is turnkey for an investor. The property underwent a major renovation in 2020 including new
quartz countertops, cabinets, vanities, lights, ceiling fans, LVT flooring, interior paint, tiled showers*, stainless
steel microwaves and gas ranges/ovens, washer dryers, and low flow water fixtures. In addition, the driveway
and parking lot was repaved with new asphalt and concrete in some areas, as well as updated landscaping to the
property. Roof re-coated and resealed in 2022!
INVESTMENT HIGHLIGHTS
- Renovated units with luxury finishes
- Excellent unit mix
- CMU construction
- Large Units
- Electricity & Gas are separately metered
- All units have their own washer/dryer
- 10 on-site parking spaces
- In-place 4.9% CAP rate
Read more
Property details
1966 year built
View
None
Price per sqft
$551/sqft
Address
1662 Lewalani Dr, Honolulu, HI, 96822
City of Hawaii
Honolulu
Island
Oahu
Building type
Apartments
Year Built
1966
Land tenure
FS - Fee Simple
Neighborhood
Makiki
District
Honolulu
Open Houses
No upcoming open houses
Interior Features
10 parking places
Stories
Three
Roof
Composition
Utilities
Cable, Gas, Internet, Overhead Electricity, Water
Property Condition
Above Average
nr.of parking places
10
Garage & Parking
Assigned
Amenities
Secured Lobby
Listed by
Clint B Crawford, Standard Management LLC
(808) 208-8107
(808) 208-8107
Name
Clint B Crawford
License number
RS-79176
Brokerage company
Standard Management LLC
(808) 208-8107
(808) 208-8107
MLS #
202311027
Buyer agent
Name
NON MLS
Brokerage company
Non-MLS
Payment calculator
Calculate your monthly payments
Mortgage
$12,742
Taxes
$744
HOA dues
$0
Mortgage
$830,000 / 20%
2.28%
30 years
Your amount
$12,742 / month
Exterior Features
Hollow Tile construction and more
Construction
Hollow Tile
Lot details
TMK #1240300330000
Lot Description
Clear, Other
Parcel nr.
1240300330000
Makiki 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 Makiki
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
26% 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
$733.72k
Neighborhood average
sales price*
sales price*
$523.45k
Neighborhood median
sales price*
sales price*
1240
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
14.17 / 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
6
# of 3 Bd
6
Income
Total Actual Rent
$23,670
Schools
15 schools with rating up to 9
| School rating | Distance | |
|---|---|---|
|
Montessori Community School
1239 Nehoa Street,
Honolulu, HI 96822
Elementary School |
0.198mi | |
| out of 10 |
Robert Louis Stevenson Middle School
1202 Prospect St,
Honolulu, HI 96822
Middle School |
0.206mi |
| out of 10 |
President Theodore Roosevelt High School
1120 Nehoa St,
Honolulu, HI 96822
High School |
0.224mi |
| School rating | Distance | |
|---|---|---|
|
Montessori Community School
1239 Nehoa Street,
Honolulu, HI 96822
|
0.198mi | |
|
Playmate Kindergarten, Day Care
1704 Keeaumoku Street,
Honolulu, HI 96822
|
0.304mi | |
| out of 10 |
President Abraham Lincoln Elementary School
615 Auwaiolimu St,
Honolulu, HI 96813
|
0.358mi |
|
Hawaiian Mission Academy K-8
1415 Makiki Street,
Honolulu, HI 96814
|
0.458mi | |
| out of 10 |
Queen Kaahumanu Elementary School
1141 Kinau St,
Honolulu, HI 96814
|
0.472mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Robert Louis Stevenson Middle School
1202 Prospect St,
Honolulu, HI 96822
|
0.206mi |
|
Hawaiian Mission Academy K-8
1415 Makiki Street,
Honolulu, HI 96814
|
0.458mi | |
|
Punahou School
1601 Punahou Street,
Honolulu, HI 96822
|
0.564mi | |
|
Maryknoll School
1402 Punahou Street,
Honolulu, HI 96822
|
0.576mi | |
|
Maryknoll Grade School
1722 Dole Street,
Honolulu, HI 96822
|
0.684mi | |
| School rating | Distance | |
|---|---|---|
| out of 10 |
President Theodore Roosevelt High School
1120 Nehoa St,
Honolulu, HI 96822
|
0.224mi |
|
Hawaiian Mission Academy
1438 Pensacola Street,
Honolulu, HI 96822
|
0.324mi | |
|
Punahou School
1601 Punahou Street,
Honolulu, HI 96822
|
0.564mi | |
|
Maryknoll School
1402 Punahou Street,
Honolulu, HI 96822
|
0.576mi | |
|
Maryknoll Grade School
1722 Dole Street,
Honolulu, HI 96822
|
0.684mi | |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Sold Nov 20, 2023
Makiki Median sales price 2024
| Bedrooms | Med. price | % of listings |
|---|---|---|
| Not specified | $2.6m | 12.5% |
| 1 bed | $320k | 62.5% |
| 2 beds | $445k | 25% |
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Nov 20, 2023 | Sold | $4,150,000 | 551.57 | Public Record |
| Nov 20, 2023 | Price Decrease | $4,150,000 -5.47% | 551.57 | MLS #202311027 |
| Jul 31, 2023 | $4,390,000 | 583.47 | MLS #202311027 | |
| May 31, 2023 | Price Decrease | $4,390,000 -4.46% | 583.47 | MLS #202311027 |
| May 17, 2023 | New Listing | $4,595,000 | 610.71 | MLS #202311027 |
| May 1, 2023 | Cancelled | $4,595,000 | 610.71 | MLS #202225835 |
| Apr 17, 2023 | Price Decrease | $4,595,000 -3.87% | 610.71 | MLS #202225835 |
| Feb 14, 2023 | Price Decrease | $4,780,000 -4.02% | 635.3 | MLS #202225835 |
| Jan 11, 2023 | Price Decrease | $4,980,000 -2.35% | 661.88 | MLS #202225835 |
| Dec 15, 2022 | New Listing | $5,100,000 +8.63% | 677.83 | MLS #202225835 |
| Jan 18, 2021 | Withdrawn | $4,695,000 | 624 | MLS #202027994 |
| Nov 17, 2020 | Price Decrease | $4,695,000 -2.8% | 624 | MLS #202027994 |
| Nov 2, 2020 | Price Decrease | $4,830,000 -2.82% | 641.95 | MLS #202027994 |
| Oct 27, 2020 | New Listing | $4,970,000 | 660.55 | MLS #202027994 |
Taxes of 1662 Lewalani Dr, Honolulu, HI, 96822
12 - A-2 Medium Density Apartme zoning / MLS #202311027
Current Property Taxes p/month
$744
Assessed Improvement value
$849,400
Assessed Land value
$1,790,600
Land Recorded
Land Court
Zoning
12 - A-2 Medium Density Apartme
Flood Zone
Zone X
Topography
Gentle Slope,Level
Location
Inside
Total Assessed value
$2,640,000
Tax History
| Year | Taxes | Source |
|---|---|---|
| 2023 | $8,932 | MLS #202225835 |
| 2022 | $8,932 | MLS #202225835 |
| 2020 | $7,548 | MLS #202027994 |
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 1662 Lewalani Dr
Which year was this multi-family built?
This multi-family was build in 1966.
Which year was this property last sold?
This property was sold in 2023.
What is the full address of this Multi-Family?
1662 Lewalani Dr, Honolulu, HI, 96822.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 by HiCentral Mls, Ltd. Listing courtesy of Standard Management LLC.
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: Nov 20, 2023
Verhouse Last checked 1 minute ago
The closest grocery stores are Village Market, 0.18 miles away and Times Supermarket, 0.45 miles away.
The Makiki neighborhood has a population of 416,417, and 31% of the families have children. The median age is 44.79 years and 65% commute by car. The most popular housing type is "apartment" and 52% is renter.