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331 & 333 Hobron Lane, Honolulu, HI 96815
8 min walk to Ala Wai Promenade
11 min walk to Duke Paoa Kahanamoku Beach Park
6 min drive to Ala Wai Golf Course
4 min drive to The Wall
8 min walk to Rockpiles
About lifestyles
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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Multi-family details
1949 year built
- Year Built 1949
- Year Remodeled 1990
- Original list price $2,700,000
- Days on market 214
- Building type Apartments,Multi Dwellings
- Price per sqft $270/sqft
-
Address
331 & 333 Hobron Lane, Honolulu, HI, 96815
- Frontage Other
- Neighborhood Waikiki
- Land tenure LH - Leasehold
- Land SqFt 6,500 sqft
- View Sunset
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Monthly payment
Calculate your monthly payments
Mortgage
$13,767
Taxes
$1,109
HOA dues
$11,009
Mortgage
Down payment
$540,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$13,767 / month
Neighborhood: Waikiki
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
—
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
15.83 / 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
18 total units
# of 1 Bd
13
# of 2 Bd
3
# of 3 Bd
0
Total Units
18
Amenities & Features
18 parking places
Stories
4-7
Furnished
Partial
Roof
Custom/Specialty
Construction
Concrete
Utilities
Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Water
Property Condition
Excellent, Above Average
Parking
Assigned
nr.of parking places
18
Amenities
A/C, Secured Lobby
Income
Net Operating Income: $352,739
Total Actual Rent
$36,580
Total Annual Operating Expenses
$126,637
Total Income
$499,350
Net Operating Income
$352,739
Waikiki prices
Average price $1.25m
Neighborhood average sales price*
$1.25m
Neighborhood median sales price*
$1.29m
Number or sales*
5
Street median sales price*
$1.35m
*last 6 months
About Waikiki
Waikiki Condos & neighborhood info When it comes to finding a home in a lively, picturesque setting, it's hard to beat the allure of Waikiki condos. Situated along the stunning shores of Oahu, Waikiki is a bustling neighborhood in Honolulu that boasts Read more
Schools
15 schools with rating up to 8
| School rating | Distance | |
|---|---|---|
| out of 10 |
King William Lunalilo Elementary School
810 Pumehana St,
Honolulu, HI 96826
Elementary School
|
0.541mi |
| out of 10 |
President George Washington Middle School
1633 South King St,
Honolulu, HI 96826
Middle School
|
0.725mi |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
High School
|
0.898mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
King William Lunalilo Elementary School
810 Pumehana St,
Honolulu, HI 96826
|
0.541mi |
| out of 10 |
Ala Wai Elementary School
503 Kamoku St,
Honolulu, HI 96826
|
0.686mi |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.898mi | |
|
Redemption Academy
423 Kamakee Street,
Honolulu, HI 96814
|
1.06mi | |
|
Hawaiian Mission Academy K-8
1415 Makiki Street,
Honolulu, HI 96814
|
1.068mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
President George Washington Middle School
1633 South King St,
Honolulu, HI 96826
|
0.725mi |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.898mi | |
|
Redemption Academy
423 Kamakee Street,
Honolulu, HI 96814
|
1.06mi | |
|
Hawaiian Mission Academy K-8
1415 Makiki Street,
Honolulu, HI 96814
|
1.068mi | |
|
Maryknoll School
1402 Punahou Street,
Honolulu, HI 96822
|
1.086mi |
| School rating | Distance | |
|---|---|---|
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.898mi | |
|
Maryknoll School
1402 Punahou Street,
Honolulu, HI 96822
|
1.086mi | |
|
Maryknoll Grade School
1722 Dole Street,
Honolulu, HI 96822
|
1.09mi | |
|
Varsity International School
2617 South King St., 3-D,
Honolulu, HI 96826
|
1.114mi | |
|
Maryknoll School
1526 Alexander Street,
Honolulu, HI 96822
|
1.127mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
New Listing Apr 15, 2024
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Apr 15, 2024 | New Listing | $2,700,000 +4.05% | $270.00 | MLS #202408267 |
| Jan 1, 2021 | Expired | $2,595,000 | $259.50 | MLS #202008130 |
| Jun 25, 2020 | Back On Market | $2,595,000 | $259.50 | MLS #202008130 |
| Jun 24, 2020 | Active Under Contract | $2,595,000 | $259.50 | MLS #202008130 |
| Apr 21, 2020 | New Listing | $2,595,000 | $259.50 | MLS #202008130 |
Tax & MLS details 331 & 333 Hobron Lane, Honolulu, HI, 96815
X2 - Apartment Precinct zoning / MLS #202408267
Current Property Taxes p/month
$1,109
Property Tax Year
2023
Assessed Improvement value
$1,597,800
Assessed Land value
$4,478,000
TMK
1-2-6-012-046-0000
Land Recorded
Land Court
Zoning
X2 - Apartment Precinct
Flood Zone
Zone AE
Topography
Level
Location
Inside
Lot Description
Clear
Property Setbacks
None
Lease renegotiation date
Jan 1, 2040
Lease expiration
1964-12-31
Monthly lease payment
$11,009
Total Assessed value
$6,075,800
Listed by
Standard Management LLC
(808) 208-8107
(808) 208-8107
MLS #
202408267
Hawaii House tour report for this multi-family home
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Stunning views
Ocean views
Open floorplan
Needs Work
Street noise
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Frequently asked questions for 331 & 333 Hobron Lane
When was this multi-family home built and last sold?
This house was build in 1949.
What is the full address of this multi-family home?
331 & 333 Hobron Lane, Honolulu, HI, 96815.
Are there beaches near 331 & 333 Hobron Lane?
The nearest beach is 0.373 miles away, called Duke Paoa Kahanamoku Beach Park. It should take about 11 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 September 29, 2024.
Hawaii House Last checked less than a minute ago.
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