SOLD 10/05/2023
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Multi-Family sold for $1,480,000 in 21 days
743 Pumehana St Honolulu, HI, 96826
Neighborhood: MccullyOff the market 4,230 sqft
Rare investment opportunity! Offered below assessed value. A-2 Zoned apartment building in the heart of Honolulu on a 5000 SF Level lot with 8 separate electrical meters. Super convenient and desirable location only minutes to Waikiki, Ala Moana, UH and just a stones throw to McCully Shopping Center where you'll find ample eateries and dining options. Property consists of two, 2-story dwellings with a total of 8 units, all 2 bed/1 bath. The new owner can take over the tenants and continue to enjoy a steady 4.5% CAP rate, upgrade the existing units to increase the revenue or explore the option to redevelop affordable rental units under Bill 7 to maximize the property's highest and best use. Current income may not measure the building's full occupancy potential or current market rates. Property is being sold Strictly As-Is, the two structures have deferred maintenance and are ready to be renovated or rebuilt. Priced at land value, buyers to conduct their own due diligence. Please do not disturb tenants. Act quickly, don't miss out on your chance to own an amazing investment in an unbeatable area!
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Property details
1931 year built
View
None
Price per sqft
$349/sqft
Address
743 Pumehana St, Honolulu, HI, 96826
City of Hawaii
Honolulu
Island
Oahu
Building type
Multi Dwellings
Year Built
1931
Land tenure
FS - Fee Simple
Neighborhood
Mccully
District
Honolulu
Open Houses
No upcoming open houses
Interior Features
4 parking places
Stories
Two
Roof
Asphalt Shingle
Utilities
Cable, Internet, Overhead Electricity, Sewer Fee, Water
Property Condition
Fair, Needs Major Repair
nr.of parking places
4
Garage & Parking
Unassigned
Amenities
None
Listed by
Daniel K Ihara, Keller Williams Honolulu
(808) 596-2888
(808) 596-2888
Name
Daniel K Ihara
License number
RS-65892
Brokerage company
Keller Williams Honolulu
(808) 596-2888
(808) 596-2888
MLS #
202310461
Buyer agent
Name
Daniel K Ihara
Brokerage company
Keller Williams Honolulu
(808) 343-3695
(808) 343-3695
Payment calculator
Calculate your monthly payments
Mortgage
$4,544
Taxes
$396
HOA dues
$0
Mortgage
$296,000 / 20%
2.28%
30 years
Your amount
$4,544 / month
Exterior Features
Above Ground, Single Wall, Slab construction and more
Construction
Above Ground, Single Wall, Slab
Lot details
TMK #1230330100000
Lot Description
Clear
Parcel nr.
1230330100000
Mccully 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 Mccully
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
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
$753.87k
Neighborhood average
sales price*
sales price*
$533.7k
Neighborhood median
sales price*
sales price*
1250
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
45% have 2 or 3 bedrooms
More info
Owners vs Renters
51% are renters
More info
17.5 / 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 3 Bd
8
Income
Total Actual Rent
$8,125
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 |
0.087mi |
| out of 10 |
President George Washington Middle School
1633 South King St,
Honolulu, HI 96826
Middle School |
0.401mi |
|
Maryknoll Grade School
1722 Dole Street,
Honolulu, HI 96822
High School |
0.671mi | |
| School rating | Distance | |
|---|---|---|
| out of 10 |
King William Lunalilo Elementary School
810 Pumehana St,
Honolulu, HI 96826
|
0.087mi |
| out of 10 |
Ala Wai Elementary School
503 Kamoku St,
Honolulu, HI 96826
|
0.555mi |
|
Maryknoll Grade School
1722 Dole Street,
Honolulu, HI 96822
|
0.671mi | |
|
Maryknoll School
1526 Alexander Street,
Honolulu, HI 96822
|
0.695mi | |
|
Maryknoll School
1402 Punahou Street,
Honolulu, HI 96822
|
0.704mi | |
| School rating | Distance | |
|---|---|---|
| out of 10 |
President George Washington Middle School
1633 South King St,
Honolulu, HI 96826
|
0.401mi |
|
Maryknoll Grade School
1722 Dole Street,
Honolulu, HI 96822
|
0.671mi | |
|
Maryknoll School
1526 Alexander Street,
Honolulu, HI 96822
|
0.695mi | |
|
Maryknoll School
1402 Punahou Street,
Honolulu, HI 96822
|
0.704mi | |
|
Our Redeemer Lutheran School
2428 Wilder Avenue,
Honolulu, HI 96822
|
0.723mi | |
| School rating | Distance | |
|---|---|---|
|
Maryknoll Grade School
1722 Dole Street,
Honolulu, HI 96822
|
0.671mi | |
|
Maryknoll School
1526 Alexander Street,
Honolulu, HI 96822
|
0.695mi | |
|
Maryknoll School
1402 Punahou Street,
Honolulu, HI 96822
|
0.704mi | |
|
Varsity International School
2617 South King St., 3-D,
Honolulu, HI 96826
|
0.728mi | |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.733mi | |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Sold Oct 5, 2023
Mccully Median sales price 2024
| Bedrooms | Med. price | % of listings |
|---|---|---|
| Not specified | $220k | 45.45% |
| 1 bed | $210k | 36.36% |
| 2 beds | $235k | 9.09% |
| 3 beds | $1.1m | 9.09% |
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Oct 5, 2023 | Sold | $1,480,000 | 349.88 | Public Record |
| Oct 5, 2023 | Price Increase | $1,480,000 +23.33% | 349.88 | MLS #202310461 |
| Jun 1, 2023 | Pending | $1,200,000 | 283.69 | MLS #202310461 |
| May 12, 2023 | New Listing | $1,200,000 | 283.69 | MLS #202310461 |
Taxes of 743 Pumehana St, Honolulu, HI, 96826
12 - A-2 Medium Density Apartme zoning / MLS #202310461
Current Property Taxes p/month
$396
Assessed Improvement value
$131,600
Assessed Land value
$1,225,000
Land Recorded
Land Court
Zoning
12 - A-2 Medium Density Apartme
Flood Zone
Zone AO
Topography
Level
Location
Inside
Total Assessed value
$1,356,600
Tax History
| Year | Taxes | Source |
|---|---|---|
| 2023 | $4,752 | MLS #202310461 |
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 743 Pumehana St
Which year was this multi-family built?
This multi-family was build in 1931.
Which year was this property last sold?
This property was sold in 2023.
What is the full address of this Multi-Family?
743 Pumehana St, Honolulu, HI, 96826.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 by HiCentral Mls, Ltd. Listing courtesy of Keller Williams Honolulu.
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 05, 2023
Verhouse Last checked 4 minutes ago
The closest grocery stores are McCully Pantry, 0.19 miles away and Palama Korean Supermarket, 0.32 miles away.
The Mccully neighborhood has a population of 364,089, and 30% of the families have children. The median age is 44.95 years and 65% commute by car. The most popular housing type is "apartment" and 51% is renter.