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331 & 333 Hobron Ln Honolulu, HI, 96815
Neighborhood: Waikiki$2,700,000 Multi-Family for sale 10,000 sqft
INCREDIBLE CASHFLOW OPPORTUNITY IN WAIKIKI priced at only $150,000 per unit. 18 solid concrete renovated units with 18 parking stalls on a total of 12,914 SF of land in world-famous Waikiki. The property has no trouble staying rented, and Waikiki typically has higher rent appreciation than other neighborhoods due to the year-round global demand. This property is leasehold with 40 years remaining on the ground lease and 15 years of known rent, making it financeable and eligible for a 1031 exchange. Ideal for a buyer looking to achieve a great return on their money for at least the next 40 years. Separately metered for electricity and tenants are billed back for water.
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Property details
1949 year built
View
Sunset
Price per sqft
$270/sqft
Days on Verhouse
19
Address
331 & 333 Hobron Ln, Honolulu, HI, 96815
City of Hawaii
Honolulu
Island
Oahu
Building type
Apartments,Multi Dwellings
Year Built
1949
Frontage
Other
Land tenure
LH - Leasehold
Neighborhood
Waikiki
District
Honolulu
Open Houses
No upcoming open houses
Interior Features
18 parking places
Stories
4-7
Furnished
Partial
Roof
Custom/Specialty
Utilities
Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Water
Property Condition
Excellent, Above Average
nr.of parking places
18
Garage & Parking
Assigned
Amenities
A/C, Secured Lobby
Listed by
Michael M Okamoto, Standard Management LLC
(808) 208-8107
(808) 208-8107
Name
Michael M Okamoto
License number
RB-22000
Brokerage company
Standard Management LLC
(808) 208-8107
(808) 208-8107
MLS #
202408267
Payment calculator
Calculate your monthly payments
Mortgage
$8,290
Taxes
$1,109
HOA dues
$11,009
Mortgage
$540,000 / 20%
2.28%
30 years
Your amount
$8,290 / month
Exterior Features
Concrete construction and more
Construction
Concrete
Lot details
TMK #1260120460000
Lot Description
Clear
Parcel nr.
1260120460000
Waikiki 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 Waikiki
30%
Families with children
National average: 39%
30%
Non family households
364,089
Population
$128,046
Average Income
Age & gender
Median age 44 years
More info
Commute types
64% 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
49% have 1 vehicle
More info
Vehicles by gender
49% have 1 vehicle
More info
Housing market insights for
$744.98k
Neighborhood average
sales price*
sales price*
$529.7k
Neighborhood median
sales price*
sales price*
1241
Number
of sales*
of sales*
Housing type
61% are apartments
More info
Rooms
38% of the houses have 2 or 3 rooms
More info
Bedrooms
45% have 2 or 3 bedrooms
More info
Owners vs Renters
52% are renters
More info
14.67 / 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
13
# of 3 Bd
3
Income
Total Actual Rent
$36,580
Schools
15 schools with rating up to 6
| School rating | Distance | |
|---|---|---|
| out of 10 |
King William Lunalilo Elementary School
810 Pumehana St,
Honolulu, HI 96826
Elementary School |
0.528mi |
| out of 10 |
President George Washington Middle School
1633 South King St,
Honolulu, HI 96826
Middle School |
0.707mi |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
High School |
0.906mi | |
| School rating | Distance | |
|---|---|---|
| out of 10 |
King William Lunalilo Elementary School
810 Pumehana St,
Honolulu, HI 96826
|
0.528mi |
| out of 10 |
Ala Wai Elementary School
503 Kamoku St,
Honolulu, HI 96826
|
0.693mi |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.906mi | |
|
Redemption Academy
423 Kamakee Street,
Honolulu, HI 96814
|
1.044mi | |
|
Hawaiian Mission Academy K-8
1415 Makiki Street,
Honolulu, HI 96814
|
1.048mi | |
| School rating | Distance | |
|---|---|---|
| out of 10 |
President George Washington Middle School
1633 South King St,
Honolulu, HI 96826
|
0.707mi |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.906mi | |
|
Redemption Academy
423 Kamakee Street,
Honolulu, HI 96814
|
1.044mi | |
|
Hawaiian Mission Academy K-8
1415 Makiki Street,
Honolulu, HI 96814
|
1.048mi | |
|
Maryknoll School
1402 Punahou Street,
Honolulu, HI 96822
|
1.068mi | |
| School rating | Distance | |
|---|---|---|
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.906mi | |
|
Maryknoll School
1402 Punahou Street,
Honolulu, HI 96822
|
1.068mi | |
|
Maryknoll Grade School
1722 Dole Street,
Honolulu, HI 96822
|
1.073mi | |
|
Maryknoll School
1526 Alexander Street,
Honolulu, HI 96822
|
1.111mi | |
|
Varsity International School
2617 South King St., 3-D,
Honolulu, HI 96826
|
1.112mi | |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
New Listing Apr 15, 2024
Waikiki Median sales price 2024
| Bedrooms | Med. price | % of listings |
|---|---|---|
| Not specified | $350k | 27.25% |
| 1 bed | $445k | 45.21% |
| 2 beds | $649.5k | 25.75% |
| 3 beds | $775k | 1.8% |
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Apr 15, 2024 | New Listing | $2,700,000 +4.05% | 270 | MLS #202408267 |
| Jan 1, 2021 | Expired | $2,595,000 | 259.5 | MLS #202008130 |
| Jun 25, 2020 | For sale | $2,595,000 | 259.5 | MLS #202008130 |
| Jun 24, 2020 | Under contract | $2,595,000 | 259.5 | MLS #202008130 |
| Apr 21, 2020 | New Listing | $2,595,000 | 259.5 | MLS #202008130 |
Taxes of 331 & 333 Hobron Ln, Honolulu, HI, 96815
X2 - Apartment Precinct zoning / MLS #202408267
Current Property Taxes p/month
$1,109
Assessed Improvement value
$1,597,800
Assessed Land value
$4,478,000
Land Recorded
Land Court
Zoning
X2 - Apartment Precinct
Flood Zone
Zone AE
Topography
Level
Location
Inside
Lease renegotiation date
2040-01-01
Lease expiration
1964-12-31
Monthly lease payment
$11,008
Total Assessed value
$6,075,800
Tax History
| Year | Taxes | Source |
|---|---|---|
| 2023 | $13,308 | MLS #202408267 |
| 2020 | $19,542 | MLS #202008130 |
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 331 & 333 Hobron Ln, Honolulu, HI, 96815
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Frequently Asked Questions about 331 & 333 Hobron Ln
Which year was this multi-family built?
This multi-family was build in 1949.
What is the full address of this Multi-Family?
331 & 333 Hobron Ln, Honolulu, HI, 96815.
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: Apr 18, 2024
Verhouse Last checked 2 minutes ago
The closest grocery stores are Food Pantry, 0.13 miles away and ABC, 0.28 miles away.
The Waikiki neighborhood has a population of 364,089, and 30% of the families have children. The median age is 44.91 years and 64% commute by car. The most popular housing type is "apartment" and 52% is renter.
