331 & 333 Hobron Lane Honolulu, HI 96815

Listing
Overview

Price: $2,700,000
Area: WAIKIKI
Status: Active

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. Listing by: Standard Management LLC (808) 208-8107

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  • Land Area (sf): 6,500 sf
  • Living (sf): 10,000
  • Year Built: 1949

  • Property Condition: Excellent,Above Average
  • Number of Parking Spaces: 18
  • View: Sunset
  • Listing Office: Standard Management LLC

  • Land Tenure: LH - Leasehold

  • Elementary School: Lunalilo
  • Middle School: Washington
  • High School: Kaimuki

CONTACT US

Marcus Realty

#RB-7120
info@marcushawaii.com
(808)839-7446

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on September 30, 2024 - 9:20 AM Information is deemed reliable but not guaranteed. Copyright: 2025 by HiCentral MLS, Ltd.
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