420 Olohana St, Honolulu, HI

$3,988,000

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8,640

Square feet

0.10

Acres

About 420 Olohana St

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.

Features of 420 Olohana St

MLS® # 202311288
Price $3,988,000
Bathrooms 0.00
Square Footage 8,640
Acres 0.10
Year Built 1960
Type Multi-Family
Sub-Type Multi-Family
Status In Escrow – Showing

Community Information

Address 420 Olohana St
Area Metro
Subdivision WAIKIKI
City Honolulu
State HI
Zip Code 96815

Amenities

Amenities None
Utilities Underground Electricity, Water
Parking Spaces 5
Parking Assigned
View City
Is Waterfront No
Has Pool No

Interior

Stories 4-7
Has Basement No

Exterior

Lot Description Other
Construction Hollow Tile

School Information

Elementary Ala Wai
Middle Washington
High Kaimuki

Additional Information

Date Listed May 22nd, 2023
Days on Market 335

Listing Details

OfficeStandard Management LLC
Contact Info(808) 208-8107

Listing Map

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