815 Lopez Ln - Apartments FOR SALE


Honolulu, HI 96817- Kalihi-Palama
$3,465,000 USD
808-429-1098
815 Lopez Ln, Honolulu, HI for Sale
$3,465,000 USD
Apartments - FOR SALE
1/37
null | 6.8% Cap Rate

815 Lopez Ln
Honolulu, HI 96817
Kalihi-Palama


HIGHLIGHTS

  • Total Units: 12
  • # of Buildings: 3
  • Unit Type: Two-Bed
  • Parking: 4
  • Zoning: R-5
  • Year Built: 1916

OVERVIEW

Completely renovated inside and out, this 3-structure legal, non-conforming gem earns better than a 6.25% return (actual). Off the ground construction means repairs are simple! All 12 two-bedrooms are permitted & renovated with new electric, plumbing, kitchens, and bathrooms, windows, doors, new roofs, paint, and more. Separately metered for water, electric, and gas (not hooked up) mean recurring utility expenses for this excellent opportunity are close to zero. Private lane access runs with the property & includes 3 parking spaces that are rented out for add’l income.

FOR SALE DETAILS

PRICE

$3,465,000 USD

PRICE/SF

$626 USD /SF

# OF UNITS

12

PRICE/UNIT

$288,750

CAP RATE

6.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1916

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,757 SF

ZONING

R-5

APN/PARCEL ID

1-1-6-001-058-0000,1-1-6-001-099-0000

ASK ABOUT THIS PROPERTY

Christina Low DwightCommercial Investment Strategies LLCMore Info
808-429-1098

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Christina Low DwightCommercial Investment Strategies LLCMore Info
808-429-1098

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.