420 Olohana Street Honolulu, HI 96815
Listing
Overview
Price: $3,988,000
Area: WAIKIKI
Status: Active Under Contract
Vacant, fee simple, 16-unit apartment building in Waikiki that is zoned Apartment Mixed Use. Great location with a straightforward path to renovating and getting high rents in line with the rest of Waikiki, but it needs significant renovation and repair work. The property is currently 100% vacant which offers a value-add investor a blank canvas to refurbish the building on their own timeline. Solid concrete building, separately metered for electricity and large common area spaces with room to add amenities like storage. Add coin operated laundry for additional income. APARTMIX zoning may allow for some commercial uses – please consult your architect to discuss ways to take advantage of this zoning. Sale is subject to Seller executing a 1031 exchange. Listing by: Standard Management LLC (808) 208-8107
array(45) {
["MLSNumber"]=>
array(1) {
[0]=>
string(9) "202311288"
}
["StreetNumber"]=>
array(1) {
[0]=>
string(3) "420"
}
["PropertyType"]=>
array(1) {
[0]=>
string(12) "Multi-Family"
}
["StreetName"]=>
array(1) {
[0]=>
string(7) "Olohana"
}
["StreetSuffix"]=>
array(1) {
[0]=>
string(6) "Street"
}
["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) "3988000.00"
}
["CurrentPrice"]=>
array(1) {
[0]=>
string(10) "3988000.00"
}
["Neighbourhood"]=>
array(1) {
[0]=>
string(7) "WAIKIKI"
}
["Status"]=>
array(1) {
[0]=>
string(21) "Active Under Contract"
}
["PublicRemarks"]=>
array(1) {
[0]=>
string(762) "Vacant, fee simple, 16-unit apartment building in Waikiki that is zoned Apartment Mixed Use. Great location with a straightforward path to renovating and getting high rents in line with the rest of Waikiki, but it needs significant renovation and repair work. The property is currently 100% vacant which offers a value-add investor a blank canvas to refurbish the building on their own timeline. Solid concrete building, separately metered for electricity and large common area spaces with room to add amenities like storage. Add coin operated laundry for additional income. APARTMIX zoning may allow for some commercial uses – please consult your architect to discuss ways to take advantage of this zoning. Sale is subject to Seller executing a 1031 exchange."
}
["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) "4500.00"
}
["SqftTotal"]=>
array(1) {
[0]=>
string(4) "8640"
}
["YearBuilt"]=>
array(1) {
[0]=>
string(4) "1960"
}
["BuildingName"]=>
array(1) {
[0]=>
string(0) ""
}
["PropertyCondition"]=>
array(1) {
[0]=>
string(18) "Needs Major Repair"
}
["ParkingTotal"]=>
array(1) {
[0]=>
string(1) "5"
}
["StoriesType"]=>
array(1) {
[0]=>
string(3) "4-7"
}
["View"]=>
array(1) {
[0]=>
string(4) "City"
}
["MaintenanceExpense"]=>
array(1) {
[0]=>
NULL
}
["LandTenure"]=>
array(1) {
[0]=>
string(15) "FS - Fee Simple"
}
["ElementarySchool"]=>
array(1) {
[0]=>
string(7) "Ala Wai"
}
["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) "2024-03-28T09:49:13.787"
}
["Matrix_Unique_ID"]=>
array(1) {
[0]=>
string(8) "17332876"
}
["OriginalEntryTimestamp"]=>
array(1) {
[0]=>
string(23) "2023-05-22T13:06:34.517"
}
["_thumbnail_id"]=>
array(1) {
[0]=>
string(8) "25871552"
}
["listing_image"]=>
array(18) {
[0]=>
string(8) "25871552"
[1]=>
string(8) "25871553"
[2]=>
string(8) "25871554"
[3]=>
string(8) "25871555"
[4]=>
string(8) "25871556"
[5]=>
string(8) "25871557"
[6]=>
string(8) "25871558"
[7]=>
string(8) "25871559"
[8]=>
string(8) "25871560"
[9]=>
string(8) "25871561"
[10]=>
string(8) "25871562"
[11]=>
string(8) "25871563"
[12]=>
string(8) "25871564"
[13]=>
string(8) "25871565"
[14]=>
string(8) "25871566"
[15]=>
string(8) "25871567"
[16]=>
string(8) "25871568"
[17]=>
string(8) "25871569"
}
["MLSAreaMajor"]=>
array(1) {
[0]=>
string(5) "Metro"
}
["PropertyFrontage"]=>
array(1) {
[0]=>
string(5) "Other"
}
["SpecialListingConditions"]=>
array(1) {
[0]=>
string(4) "None"
}
}
Array
(
[MLSNumber] => Array
(
[0] => 202311288
)
[StreetNumber] => Array
(
[0] => 420
)
[PropertyType] => Array
(
[0] => Multi-Family
)
[StreetName] => Array
(
[0] => Olohana
)
[StreetSuffix] => Array
(
[0] => Street
)
[UnitNumber] => Array
(
[0] =>
)
[City] => Array
(
[0] => Honolulu
)
[StateOrProvince] => Array
(
[0] => HI
)
[PostalCode] => Array
(
[0] => 96815
)
[VirtualTourURLUnbranded] => Array
(
[0] =>
)
[ListPrice] => Array
(
[0] => 3988000.00
)
[CurrentPrice] => Array
(
[0] => 3988000.00
)
[Neighbourhood] => Array
(
[0] => WAIKIKI
)
[Status] => Array
(
[0] => Active Under Contract
)
[PublicRemarks] => Array
(
[0] => Vacant, fee simple, 16-unit apartment building in Waikiki that is zoned Apartment Mixed Use. Great location with a straightforward path to renovating and getting high rents in line with the rest of Waikiki, but it needs significant renovation and repair work. The property is currently 100% vacant which offers a value-add investor a blank canvas to refurbish the building on their own timeline. Solid concrete building, separately metered for electricity and large common area spaces with room to add amenities like storage. Add coin operated laundry for additional income. APARTMIX zoning may allow for some commercial uses – please consult your architect to discuss ways to take advantage of this zoning. Sale is subject to Seller executing a 1031 exchange.
)
[ListOfficeName] => Array
(
[0] => Standard Management LLC
)
[BedsTotal] => Array
(
[0] =>
)
[BathsFull] => Array
(
[0] =>
)
[BathsHalf] => Array
(
[0] =>
)
[LotSizeArea] => Array
(
[0] => 4500.00
)
[SqftTotal] => Array
(
[0] => 8640
)
[YearBuilt] => Array
(
[0] => 1960
)
[BuildingName] => Array
(
[0] =>
)
[PropertyCondition] => Array
(
[0] => Needs Major Repair
)
[ParkingTotal] => Array
(
[0] => 5
)
[StoriesType] => Array
(
[0] => 4-7
)
[View] => Array
(
[0] => City
)
[MaintenanceExpense] => Array
(
[0] =>
)
[LandTenure] => Array
(
[0] => FS - Fee Simple
)
[ElementarySchool] => Array
(
[0] => Ala Wai
)
[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] => 2024-03-28T09:49:13.787
)
[Matrix_Unique_ID] => Array
(
[0] => 17332876
)
[OriginalEntryTimestamp] => Array
(
[0] => 2023-05-22T13:06:34.517
)
[_thumbnail_id] => Array
(
[0] => 25871552
)
[listing_image] => Array
(
[0] => 25871552
[1] => 25871553
[2] => 25871554
[3] => 25871555
[4] => 25871556
[5] => 25871557
[6] => 25871558
[7] => 25871559
[8] => 25871560
[9] => 25871561
[10] => 25871562
[11] => 25871563
[12] => 25871564
[13] => 25871565
[14] => 25871566
[15] => 25871567
[16] => 25871568
[17] => 25871569
)
[MLSAreaMajor] => Array
(
[0] => Metro
)
[PropertyFrontage] => Array
(
[0] => Other
)
[SpecialListingConditions] => Array
(
[0] => None
)
)
- Land Area (sf): 4,500
- Living (sf): 8,640
- Year Built: 1960
- Property Condition: Needs Major Repair
- Number of Parking Spaces: 5
- View: City
- Listing Office: Standard Management LLC
- Land Tenure: FS - Fee Simple
- Elementary School: Ala Wai
- Middle School: Washington
- High School: Kaimuki
