420 Olohana Street is a $5,000,000, 3,780 square foot home on a 0.10 acre lot located in Honolulu, HI.
Rare opportunity to buy a fee simple, 16-unit apartment building in Waikiki that is zoned Apartment Mixed Use. Great location with a straightforward path to renovating and getting much higher rents like the rest of Waikiki, but it needs work. There are currently 9 vacant units which offers a value-add investor the opportunity to refurbish and lease up over 56% of the building immediately. All units are currently rented at below-market rents. Solid concrete building, separately metered for electricity and large common area spaces with room to add amenities like storage. Add coin operated laundry for additional income. APARTMIX zoning may allow for some commercial uses – please consult your architect to discuss ways to take advantage of this zoning. Sale is subject to Seller executing a 1031 exchange.
| Total Square Feet | 3,780 |
| Interior Features | Amenities - None |
| # Parking Spaces | 5 |
| Parking Types | Assigned |
| Exterior Features | Easements - None Utilities - Underground Electricity |
| Views | City |
| Construction Types | Hollow Tile Property Condition - Fair |
| Land Type | Other Lot Property Frontage - Other Topography - Level |
| Water Source | Utilities - Water |
| Sewer | Connected |
| Property Type | Multi-Family |
| Property Sub Type | Multi-Family |
| Style Characteristics | Multi-Family |
| Style | Fee Simple |
| Year Built | 1960 |
| Maintenance Expenses | $0.00 |
| Elementary School | ala wai |
| Middle School | washington |
| High School | kaimuki |
| Neighborhood | Waikiki |
Based on information from the HICENTRAL MLS LTD., last updated 12/02/2023 at 09:06pm MST. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS or this website.
