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1420 Ward Ave, Honolulu, HI 96822
4 min walk to Dole Community Park
26 min walk to Ala Moana Beach
30 min walk to Point Panic
27 min walk to Kewalos
About lifestyles
PRICE IMPROVEMENT!
Prime investment opportunity - proforma 6.26% cap rate! This predominantly concrete 9-unit multifamily property is excellently located on Ward Ave. in the heart of Punchbowl. Unbeatable convenience with immediate access to H1 in both directions and a short distance to the vibrant dining and shopping hubs of Kakaako and Ala Moana Shopping Center. Downtown Honolulu is just 1.5 miles away. This property has under-market rents and month-to-month tenants, offering significant upside potential. Units are in classic condition, allowing a new owner to complete a value-add campaign and boost returns even further. The property includes a spacious, fenced grassy area in the back and an area for a community garden between the buildings. Individually metered for electricity and eligible for Bill 7 development.
Please do not go on the property without the listing agent. Sale is subject to 1031 exchange.
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Multi-family details
1957 year built
- Year Built 1957
- Original list price $2,500,000
- Days on market 86
- Building type Apartments
- Price per sqft $513/sqft
-
Address
1420 Ward Ave, Honolulu, HI, 96822
- Neighborhood Punchbowl-lower
- Land tenure FS - Fee Simple
- Land SqFt 5,515 sqft
- View Coastline
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Monthly payment
Calculate your monthly payments
Mortgage
$11,473
Taxes
$412
HOA dues
$0
Mortgage
Down payment
$450,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$11,473 / month
Neighborhood: Punchbowl-lower
Nearby & commute
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
15.67 / 20
Very walkable
►
18-20
Most Walkable
15-18
Very walkable
10-15
Somewhat walkable
1-10
Car dependent
Walkability according to the National Walkability Index
Unit Information
9 total units
# of 1 Bd
8
# of 2 Bd
0
# of 3 Bd
0
Total Units
9
Amenities & Features
5 parking places
Stories
Two, Three
Roof
Asphalt Shingle, Other
Construction
Concrete, Hollow Tile, Wood Frame
Utilities
Overhead Electricity, Sewer Fee, Water
Property Condition
Average
Parking
Assigned, Covered
nr.of parking places
5
Amenities
None
Income
Net Operating Income: $74,258
Total Actual Rent
$9,025
Total Annual Operating Expenses
$37,500
Total Income
$111,834
Net Operating Income
$74,258
Punchbowl-lower prices
Average price $567.79k
Neighborhood average sales price*
$567.79k
Neighborhood median sales price*
$489.67k
Number or sales*
449
Street median sales price*
$495k
Median sale price Villa On Eaton Square*
$465k
*last 6 months
Schools
15 schools with rating up to 6
| School rating | Distance | |
|---|---|---|
| out of 10 |
Queen Kaahumanu Elementary School
1141 Kinau St,
Honolulu, HI 96814
Elementary School
|
0.408mi |
|
The Keystone School
1390 Miller Street,
Honolulu, HI 96813
Middle School
|
0.474mi | |
|
Hawaiian Mission Academy
1438 Pensacola Street,
Honolulu, HI 96822
High School
|
0.326mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Queen Kaahumanu Elementary School
1141 Kinau St,
Honolulu, HI 96814
|
0.408mi |
|
K12 International Academy
1390 Miller Street ,
Honolulu, HI 96813
|
0.474mi | |
| out of 10 |
Royal Elementary School
1519 Queen Emma St,
Honolulu, HI 96813
|
0.527mi |
|
St Andrews Priory School
224 Queen Emma Square,
Honolulu, HI 96813
|
0.581mi | |
|
Kawaiaha'o Church School
872 Mission Lane,
Honolulu, HI 96813
|
0.636mi |
| School rating | Distance | |
|---|---|---|
|
The Keystone School
1390 Miller Street,
Honolulu, HI 96813
|
0.474mi | |
|
K12 International Academy
1390 Miller Street ,
Honolulu, HI 96813
|
0.474mi | |
| out of 10 |
Robert Louis Stevenson Middle School
1202 Prospect St,
Honolulu, HI 96822
|
0.573mi |
|
St Andrews Priory School
224 Queen Emma Square,
Honolulu, HI 96813
|
0.581mi | |
| out of 10 |
Central Middle School
1302 Queen Emma St,
Honolulu, HI 96813
|
0.639mi |
| School rating | Distance | |
|---|---|---|
|
Hawaiian Mission Academy
1438 Pensacola Street,
Honolulu, HI 96822
|
0.326mi | |
| out of 10 |
President William Mckinley High School
1039 South King St,
Honolulu, HI 96814
|
0.464mi |
|
The Keystone School
1390 Miller Street,
Honolulu, HI 96813
|
0.474mi | |
|
K12 International Academy
1390 Miller Street ,
Honolulu, HI 96813
|
0.474mi | |
|
St Andrews Priory School
224 Queen Emma Square,
Honolulu, HI 96813
|
0.581mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Price Decrease Nov 4, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Nov 4, 2024 | Price Decrease | $2,250,000 -10% | $513.00 | MLS #202421951 |
| Sep 30, 2024 | New Listing | $2,500,000 | $570.00 | MLS #202421951 |
Tax & MLS details 1420 Ward Ave, Honolulu, HI, 96822
12 - A-2 Medium Density Apartme zoning / MLS #202421951
Current Property Taxes p/month
$412
Property Tax Year
2024
Assessed Improvement value
$281,500
Assessed Land value
$1,131,100
TMK
1-2-1-039-036-0000
Land Recorded
Regular System
Zoning
12 - A-2 Medium Density Apartme
Flood Zone
Zone X
Topography
Gentle Slope
Lot Description
Other
Property Setbacks
Of Record
Total Assessed value
$1,412,600
Listed by
Standard Management LLC
(808) 208-8107
(808) 208-8107
MLS #
202421951
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Stunning views
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Frequently asked questions for 1420 Ward Ave
When was this multi-family home built and last sold?
This house was build in 1957.
What is the full address of this multi-family home?
1420 Ward Ave, Honolulu, HI, 96822.
Are there beaches near 1420 Ward Ave?
The nearest beach is 1.122 miles away, called Ala Moana Beach. It should take about 26 min walk.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 by HiCentral Mls, Ltd. Listing courtesy of Standard Management LLC. Some active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation. Hawaii House Inc. is a real estate brokerage firm licensed to conduct business in the State of Hawaii. Information deemed reliable, but not guaranteed.
Listings last updated on November 04, 2024.
Hawaii House Last checked less than a minute ago.
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