Address
1735 Young Street Honolulu, HI
Price
$ 8,250,000
Property Attributes
  • MLS#202129560
  • TypeBackup
  • CountyOAHU
  • CityHonolulu
  • AreaMetro
  • NeighborhoodMOILIILI
  • Zip96826
  • StyleApartments
  • Year Built1959
  • Taxes$ 1074
  • Price$ 8,250,000
  • Bedrooms25
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage16170
  • Lot Size11,392 SqFt
Listing Provided Courtesy Of:
Honolulu Property Advisors LLC
Data Source:
HiCentral MLS (HICMLS) - 23 - HI
Property Description

First time on the market for sale. Built to last, all concrete/CMU buildings in very good condition, owned and maintained by one family. Solid income property, currently below market rent with upside potential in one of Honolulu's up and coming mixed business neighborhoods where highest and best use redevelopment is possible. The Wong Lum Apartments are comprised of 2 separate three-story walk-up apartment buildings, consisting of 13-two bedroom units and 12-one bedroom units situated on AMX-2 zoned land totaling approximately 11,392 square feet. Community coin laundry located on the ground floor at the back of each building. Stable long-term tenant mix, easy to rent, located in a prime business and residential area allowing for convenience to retail establishments, public transportation, schools, hospitals, parks and recreation. This offering presents a unique opportunity for value-add investors and/or developers looking to acquire a strong income producing property for further redevelopment options in the future.

Elementary School Middle School High School
Lunalilo Elementary School Washington Middle School Mckinley High School
Price History
11/24/2021 Listed $8,250,000

General Features

Amenities None
Easements None
Elementary School Lunalilo
High School Mckinley
Land Tenure FS - Fee Simple
Middle/Junior School Washington
Parking Total 19
Property Condition Above Average
Roof Other
Sewer Connected
Status In Escrow Showing
TMK Area 128
TMK Division 1
TMK Parcel 67
TMK Plat 1
TMK Section 8
TMK Zone 2
Terms Offered Cash, Conventional, Exchange, Open
Topography Level
Utilities Cable, Internet, Overhead Electricity, Public Water, Water
View City, Garden
Year Remodeled 1970

Interior Features

Furnished Y/N Partial
Stories Type Three
Total Units 25

Exterior Features

Lot Description Clear
Lot Size Area 11392.00
Parking Features Assigned, Covered, Open, Tandem

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Backup Average in 96826

Price
AVG $1.28M
$8.25M
Taxes
AVG $284
$1,074
Visits
AVG 46
8
Year Built
AVG 1973
1959

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