1662 Lewalani Drive Honolulu, HI 96822
Listing
Overview
Price: $4,150,000
Area: MAKIKI
Status: Sold
100% leased 12-unit apartment building in a well-located part of Makiki. Excellent stabilized cash flow
opportunity which is turnkey for an investor. The property underwent a major renovation in 2020 including new
quartz countertops, cabinets, vanities, lights, ceiling fans, LVT flooring, interior paint, tiled showers*, stainless
steel microwaves and gas ranges/ovens, washer dryers, and low flow water fixtures. In addition, the driveway
and parking lot was repaved with new asphalt and concrete in some areas, as well as updated landscaping to the
property. Roof re-coated and resealed in 2022!
INVESTMENT HIGHLIGHTS
- Renovated units with luxury finishes
- Excellent unit mix
- CMU construction
- Large Units
- Electricity & Gas are separately metered
- All units have their own washer/dryer
- 10 on-site parking spaces
- In-place 4.9% CAP rate Listing by: Standard Management LLC (808) 832-6016
array(45) {
["MLSNumber"]=>
array(1) {
[0]=>
string(9) "202311027"
}
["StreetNumber"]=>
array(1) {
[0]=>
string(4) "1662"
}
["PropertyType"]=>
array(1) {
[0]=>
string(12) "Multi-Family"
}
["StreetName"]=>
array(1) {
[0]=>
string(8) "Lewalani"
}
["StreetSuffix"]=>
array(1) {
[0]=>
string(5) "Drive"
}
["UnitNumber"]=>
array(1) {
[0]=>
string(0) ""
}
["City"]=>
array(1) {
[0]=>
string(8) "Honolulu"
}
["StateOrProvince"]=>
array(1) {
[0]=>
string(2) "HI"
}
["PostalCode"]=>
array(1) {
[0]=>
string(5) "96822"
}
["VirtualTourURLUnbranded"]=>
array(1) {
[0]=>
string(0) ""
}
["ListPrice"]=>
array(1) {
[0]=>
string(10) "4390000.00"
}
["CurrentPrice"]=>
array(1) {
[0]=>
string(10) "4150000.00"
}
["Neighbourhood"]=>
array(1) {
[0]=>
string(6) "MAKIKI"
}
["Status"]=>
array(1) {
[0]=>
string(4) "Sold"
}
["PublicRemarks"]=>
array(1) {
[0]=>
string(866) "100% leased 12-unit apartment building in a well-located part of Makiki. Excellent stabilized cash flow
opportunity which is turnkey for an investor. The property underwent a major renovation in 2020 including new
quartz countertops, cabinets, vanities, lights, ceiling fans, LVT flooring, interior paint, tiled showers*, stainless
steel microwaves and gas ranges/ovens, washer dryers, and low flow water fixtures. In addition, the driveway
and parking lot was repaved with new asphalt and concrete in some areas, as well as updated landscaping to the
property. Roof re-coated and resealed in 2022!
INVESTMENT HIGHLIGHTS
- Renovated units with luxury finishes
- Excellent unit mix
- CMU construction
- Large Units
- Electricity & Gas are separately metered
- All units have their own washer/dryer
- 10 on-site parking spaces
- In-place 4.9% CAP rate"
}
["ListOfficeName"]=>
array(1) {
[0]=>
string(23) "Standard Management LLC"
}
["BedsTotal"]=>
array(1) {
[0]=>
string(0) ""
}
["BathsFull"]=>
array(1) {
[0]=>
string(0) ""
}
["BathsHalf"]=>
array(1) {
[0]=>
string(0) ""
}
["LotSizeArea"]=>
array(1) {
[0]=>
string(7) "8736.00"
}
["SqftTotal"]=>
array(1) {
[0]=>
string(4) "7524"
}
["YearBuilt"]=>
array(1) {
[0]=>
string(4) "1966"
}
["BuildingName"]=>
array(1) {
[0]=>
string(0) ""
}
["PropertyCondition"]=>
array(1) {
[0]=>
string(13) "Above Average"
}
["ParkingTotal"]=>
array(1) {
[0]=>
string(2) "10"
}
["StoriesType"]=>
array(1) {
[0]=>
string(5) "Three"
}
["View"]=>
array(1) {
[0]=>
string(4) "None"
}
["MaintenanceExpense"]=>
array(1) {
[0]=>
NULL
}
["LandTenure"]=>
array(1) {
[0]=>
string(15) "FS - Fee Simple"
}
["ElementarySchool"]=>
array(1) {
[0]=>
string(7) "Lincoln"
}
["MiddleOrJuniorSchool"]=>
array(1) {
[0]=>
string(9) "Stevenson"
}
["HighSchool"]=>
array(1) {
[0]=>
string(9) "Roosevelt"
}
["ListOfficeMLSID"]=>
array(1) {
[0]=>
string(4) "SMGT"
}
["ListAgentEmail"]=>
array(1) {
[0]=>
string(28) "clint@standardcommercial.com"
}
["ListAgentDirectWorkPhone"]=>
array(1) {
[0]=>
string(14) "(808) 832-6016"
}
["ListAgentFullName"]=>
array(1) {
[0]=>
string(16) "Clint B Crawford"
}
["CloseDate"]=>
array(1) {
[0]=>
string(10) "2023-11-20"
}
["MatrixModifiedDT"]=>
array(1) {
[0]=>
string(23) "2023-11-20T09:22:24.300"
}
["Matrix_Unique_ID"]=>
array(1) {
[0]=>
string(8) "17325421"
}
["OriginalEntryTimestamp"]=>
array(1) {
[0]=>
string(23) "2023-05-17T16:08:11.433"
}
["_thumbnail_id"]=>
array(1) {
[0]=>
string(8) "25871506"
}
["listing_image"]=>
array(18) {
[0]=>
string(8) "25871506"
[1]=>
string(8) "25871507"
[2]=>
string(8) "25871508"
[3]=>
string(8) "25871509"
[4]=>
string(8) "25871510"
[5]=>
string(8) "25871511"
[6]=>
string(8) "25871512"
[7]=>
string(8) "25871513"
[8]=>
string(8) "25871514"
[9]=>
string(8) "25871515"
[10]=>
string(8) "25871516"
[11]=>
string(8) "25871517"
[12]=>
string(8) "25871518"
[13]=>
string(8) "25871519"
[14]=>
string(8) "25871520"
[15]=>
string(8) "25871521"
[16]=>
string(8) "25871522"
[17]=>
string(8) "25871523"
}
["MLSAreaMajor"]=>
array(1) {
[0]=>
string(5) "Metro"
}
["PropertyFrontage"]=>
array(1) {
[0]=>
string(0) ""
}
["SpecialListingConditions"]=>
array(1) {
[0]=>
string(4) "None"
}
}
Array
(
[MLSNumber] => Array
(
[0] => 202311027
)
[StreetNumber] => Array
(
[0] => 1662
)
[PropertyType] => Array
(
[0] => Multi-Family
)
[StreetName] => Array
(
[0] => Lewalani
)
[StreetSuffix] => Array
(
[0] => Drive
)
[UnitNumber] => Array
(
[0] =>
)
[City] => Array
(
[0] => Honolulu
)
[StateOrProvince] => Array
(
[0] => HI
)
[PostalCode] => Array
(
[0] => 96822
)
[VirtualTourURLUnbranded] => Array
(
[0] =>
)
[ListPrice] => Array
(
[0] => 4390000.00
)
[CurrentPrice] => Array
(
[0] => 4150000.00
)
[Neighbourhood] => Array
(
[0] => MAKIKI
)
[Status] => Array
(
[0] => Sold
)
[PublicRemarks] => Array
(
[0] => 100% leased 12-unit apartment building in a well-located part of Makiki. Excellent stabilized cash flow
opportunity which is turnkey for an investor. The property underwent a major renovation in 2020 including new
quartz countertops, cabinets, vanities, lights, ceiling fans, LVT flooring, interior paint, tiled showers*, stainless
steel microwaves and gas ranges/ovens, washer dryers, and low flow water fixtures. In addition, the driveway
and parking lot was repaved with new asphalt and concrete in some areas, as well as updated landscaping to the
property. Roof re-coated and resealed in 2022!
INVESTMENT HIGHLIGHTS
- Renovated units with luxury finishes
- Excellent unit mix
- CMU construction
- Large Units
- Electricity & Gas are separately metered
- All units have their own washer/dryer
- 10 on-site parking spaces
- In-place 4.9% CAP rate
)
[ListOfficeName] => Array
(
[0] => Standard Management LLC
)
[BedsTotal] => Array
(
[0] =>
)
[BathsFull] => Array
(
[0] =>
)
[BathsHalf] => Array
(
[0] =>
)
[LotSizeArea] => Array
(
[0] => 8736.00
)
[SqftTotal] => Array
(
[0] => 7524
)
[YearBuilt] => Array
(
[0] => 1966
)
[BuildingName] => Array
(
[0] =>
)
[PropertyCondition] => Array
(
[0] => Above Average
)
[ParkingTotal] => Array
(
[0] => 10
)
[StoriesType] => Array
(
[0] => Three
)
[View] => Array
(
[0] => None
)
[MaintenanceExpense] => Array
(
[0] =>
)
[LandTenure] => Array
(
[0] => FS - Fee Simple
)
[ElementarySchool] => Array
(
[0] => Lincoln
)
[MiddleOrJuniorSchool] => Array
(
[0] => Stevenson
)
[HighSchool] => Array
(
[0] => Roosevelt
)
[ListOfficeMLSID] => Array
(
[0] => SMGT
)
[ListAgentEmail] => Array
(
[0] => clint@standardcommercial.com
)
[ListAgentDirectWorkPhone] => Array
(
[0] => (808) 832-6016
)
[ListAgentFullName] => Array
(
[0] => Clint B Crawford
)
[CloseDate] => Array
(
[0] => 2023-11-20
)
[MatrixModifiedDT] => Array
(
[0] => 2023-11-20T09:22:24.300
)
[Matrix_Unique_ID] => Array
(
[0] => 17325421
)
[OriginalEntryTimestamp] => Array
(
[0] => 2023-05-17T16:08:11.433
)
[_thumbnail_id] => Array
(
[0] => 25871506
)
[listing_image] => Array
(
[0] => 25871506
[1] => 25871507
[2] => 25871508
[3] => 25871509
[4] => 25871510
[5] => 25871511
[6] => 25871512
[7] => 25871513
[8] => 25871514
[9] => 25871515
[10] => 25871516
[11] => 25871517
[12] => 25871518
[13] => 25871519
[14] => 25871520
[15] => 25871521
[16] => 25871522
[17] => 25871523
)
[MLSAreaMajor] => Array
(
[0] => Metro
)
[PropertyFrontage] => Array
(
[0] =>
)
[SpecialListingConditions] => Array
(
[0] => None
)
)
- Land Area (sf): 8,736
- Living (sf): 7,524
- Year Built: 1966
- Property Condition: Above Average
- Number of Parking Spaces: 10
- View: None
- Listing Office: Standard Management LLC
- Land Tenure: FS - Fee Simple
- Elementary School: Lincoln
- Middle School: Stevenson
- High School: Roosevelt
