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
array(46) {
["MLSNumber"]=>
array(1) {
[0]=>
string(9) "202408267"
}
["StreetNumber"]=>
array(1) {
[0]=>
string(9) "331 & 333"
}
["PropertyType"]=>
array(1) {
[0]=>
string(12) "Multi-Family"
}
["StreetName"]=>
array(1) {
[0]=>
string(6) "Hobron"
}
["StreetSuffix"]=>
array(1) {
[0]=>
string(4) "Lane"
}
["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) "96815"
}
["VirtualTourURLUnbranded"]=>
array(1) {
[0]=>
string(0) ""
}
["ListPrice"]=>
array(1) {
[0]=>
string(10) "2700000.00"
}
["CurrentPrice"]=>
array(1) {
[0]=>
string(10) "2700000.00"
}
["Neighbourhood"]=>
array(1) {
[0]=>
string(7) "WAIKIKI"
}
["Status"]=>
array(1) {
[0]=>
string(6) "Active"
}
["PublicRemarks"]=>
array(1) {
[0]=>
string(675) "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."
}
["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) "6500.00"
}
["SqftTotal"]=>
array(1) {
[0]=>
string(5) "10000"
}
["YearBuilt"]=>
array(1) {
[0]=>
string(4) "1949"
}
["BuildingName"]=>
array(1) {
[0]=>
string(0) ""
}
["PropertyCondition"]=>
array(1) {
[0]=>
string(23) "Excellent,Above Average"
}
["ParkingTotal"]=>
array(1) {
[0]=>
string(2) "18"
}
["StoriesType"]=>
array(1) {
[0]=>
string(3) "4-7"
}
["View"]=>
array(1) {
[0]=>
string(6) "Sunset"
}
["MaintenanceExpense"]=>
array(1) {
[0]=>
NULL
}
["LandTenure"]=>
array(1) {
[0]=>
string(14) "LH - Leasehold"
}
["ElementarySchool"]=>
array(1) {
[0]=>
string(8) "Lunalilo"
}
["MiddleOrJuniorSchool"]=>
array(1) {
[0]=>
string(10) "Washington"
}
["HighSchool"]=>
array(1) {
[0]=>
string(7) "Kaimuki"
}
["ListOfficeMLSID"]=>
array(1) {
[0]=>
string(4) "SMGT"
}
["ListAgentEmail"]=>
array(1) {
[0]=>
string(27) "mike@standardcommercial.com"
}
["ListAgentDirectWorkPhone"]=>
array(1) {
[0]=>
string(14) "(808) 208-8107"
}
["ListAgentFullName"]=>
array(1) {
[0]=>
string(17) "Michael M Okamoto"
}
["CloseDate"]=>
array(1) {
[0]=>
string(0) ""
}
["MatrixModifiedDT"]=>
array(1) {
[0]=>
string(23) "2024-09-30T09:20:38.173"
}
["Matrix_Unique_ID"]=>
array(1) {
[0]=>
string(8) "17940066"
}
["OriginalEntryTimestamp"]=>
array(1) {
[0]=>
string(23) "2024-04-15T11:03:08.230"
}
["MLSAreaMajor"]=>
array(1) {
[0]=>
string(5) "Metro"
}
["PropertyFrontage"]=>
array(1) {
[0]=>
string(5) "Other"
}
["SpecialListingConditions"]=>
array(1) {
[0]=>
string(4) "None"
}
["_thumbnail_id"]=>
array(1) {
[0]=>
string(8) "26166366"
}
["listing_image"]=>
array(26) {
[0]=>
string(8) "26166366"
[1]=>
string(8) "26166367"
[2]=>
string(8) "26166368"
[3]=>
string(8) "26166369"
[4]=>
string(8) "26166370"
[5]=>
string(8) "26166371"
[6]=>
string(8) "26166372"
[7]=>
string(8) "26166373"
[8]=>
string(8) "26166374"
[9]=>
string(8) "26166375"
[10]=>
string(8) "26166376"
[11]=>
string(8) "26166377"
[12]=>
string(8) "26166378"
[13]=>
string(8) "26166379"
[14]=>
string(8) "26166380"
[15]=>
string(8) "26166381"
[16]=>
string(8) "26166382"
[17]=>
string(8) "26166383"
[18]=>
string(8) "26166384"
[19]=>
string(8) "26166385"
[20]=>
string(8) "26166386"
[21]=>
string(8) "26166387"
[22]=>
string(8) "26166388"
[23]=>
string(8) "26166389"
[24]=>
string(8) "26170758"
[25]=>
string(8) "26170759"
}
["MatrixModifiedTime"]=>
array(1) {
[0]=>
string(12) "09:20:38.173"
}
}
Array
(
[MLSNumber] => Array
(
[0] => 202408267
)
[StreetNumber] => Array
(
[0] => 331 & 333
)
[PropertyType] => Array
(
[0] => Multi-Family
)
[StreetName] => Array
(
[0] => Hobron
)
[StreetSuffix] => Array
(
[0] => Lane
)
[UnitNumber] => Array
(
[0] =>
)
[City] => Array
(
[0] => Honolulu
)
[StateOrProvince] => Array
(
[0] => HI
)
[PostalCode] => Array
(
[0] => 96815
)
[VirtualTourURLUnbranded] => Array
(
[0] =>
)
[ListPrice] => Array
(
[0] => 2700000.00
)
[CurrentPrice] => Array
(
[0] => 2700000.00
)
[Neighbourhood] => Array
(
[0] => WAIKIKI
)
[Status] => Array
(
[0] => Active
)
[PublicRemarks] => Array
(
[0] => 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.
)
[ListOfficeName] => Array
(
[0] => Standard Management LLC
)
[BedsTotal] => Array
(
[0] =>
)
[BathsFull] => Array
(
[0] =>
)
[BathsHalf] => Array
(
[0] =>
)
[LotSizeArea] => Array
(
[0] => 6500.00
)
[SqftTotal] => Array
(
[0] => 10000
)
[YearBuilt] => Array
(
[0] => 1949
)
[BuildingName] => Array
(
[0] =>
)
[PropertyCondition] => Array
(
[0] => Excellent,Above Average
)
[ParkingTotal] => Array
(
[0] => 18
)
[StoriesType] => Array
(
[0] => 4-7
)
[View] => Array
(
[0] => Sunset
)
[MaintenanceExpense] => Array
(
[0] =>
)
[LandTenure] => Array
(
[0] => LH - Leasehold
)
[ElementarySchool] => Array
(
[0] => Lunalilo
)
[MiddleOrJuniorSchool] => Array
(
[0] => Washington
)
[HighSchool] => Array
(
[0] => Kaimuki
)
[ListOfficeMLSID] => Array
(
[0] => SMGT
)
[ListAgentEmail] => Array
(
[0] => mike@standardcommercial.com
)
[ListAgentDirectWorkPhone] => Array
(
[0] => (808) 208-8107
)
[ListAgentFullName] => Array
(
[0] => Michael M Okamoto
)
[CloseDate] => Array
(
[0] =>
)
[MatrixModifiedDT] => Array
(
[0] => 2024-09-30T09:20:38.173
)
[Matrix_Unique_ID] => Array
(
[0] => 17940066
)
[OriginalEntryTimestamp] => Array
(
[0] => 2024-04-15T11:03:08.230
)
[MLSAreaMajor] => Array
(
[0] => Metro
)
[PropertyFrontage] => Array
(
[0] => Other
)
[SpecialListingConditions] => Array
(
[0] => None
)
[_thumbnail_id] => Array
(
[0] => 26166366
)
[listing_image] => Array
(
[0] => 26166366
[1] => 26166367
[2] => 26166368
[3] => 26166369
[4] => 26166370
[5] => 26166371
[6] => 26166372
[7] => 26166373
[8] => 26166374
[9] => 26166375
[10] => 26166376
[11] => 26166377
[12] => 26166378
[13] => 26166379
[14] => 26166380
[15] => 26166381
[16] => 26166382
[17] => 26166383
[18] => 26166384
[19] => 26166385
[20] => 26166386
[21] => 26166387
[22] => 26166388
[23] => 26166389
[24] => 26170758
[25] => 26170759
)
[MatrixModifiedTime] => Array
(
[0] => 09:20:38.173
)
)
- 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
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.
Some of the 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.
© Marcus Realty. All Rights Reserved.