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  • $11,500,000

    1055 Ala Napunani St, Honolulu, HI 96818

    --beds
    0baths
    34,312sqft
    Multi Family
    Built in 1971
    -- sqft lot
    $11,234,200 Zestimate®
    $335/sqft
    $1,845 Estimated rent

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    What's special

    Rare Opportunity –40-Unit Apt Bldg in Salt Lake. Attractive 6 story trophy building to add to your investment portfolio! Building is a solid CMU and concrete structure, offering durability & low maintenance. The property features a keyed elevator for added convenience and ample 49 parking stalls. 100% leased but Rents under market with lots of development potential. 20– one bdrm; 20– two bdrm units. All units large in size w/lanais. Mgmt office on ground floor w/full bathroom. Coin operated laundry facility on each floor. Large storage room on pkg level as well as multiple storage rooms throughout building. Ideally situated near schools, shopping centers, freeway access, & public transportation, ensuring strong tenant demand. Original but maintained property in a high-demand rental market! Sold in Existing AS IS Condition. Buyer to conduct own Due Diligence. Do not disturb tenants, knock on doors nor park on property. Please contact Listor with additional questions. Must sign NDA for financials. Call for Offers Deadline, March 21, 2025, Friday at Noon. PSA must include verification of cash funds &/ Commercial lender preapproval.

    Zillow last checked: 8 hours ago

    Listing updated: May 27, 2025 at 02:43pm

    Listed by:

    Sharon M Au 808-554-8787,

    Luxury Homes International,

    Doreen M Au 808-255-2945,

    Luxury Homes International

    Bought with:

    Esther Park Kusunoki, RB-21002

    List Sotheby's Int'l Realty

    Paul S Goldkorn, RS-34892

    List Sotheby's Int'l Realty

    Source: HiCentral MLS,MLS#: 202506287MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Appliances
    • Included: Dryer, Washer
    • Laundry: Coin-operated
    Interior area
    • Total structure area: 34,312
    • Total interior livable area: 34,312 sqft

    Property

    Parking
    • Total spaces: 49
    • Parking features: Assigned, Covered, Open
    • Has uncovered spaces: Yes
    Features
    • Levels: Three Or More
    • Has view: Yes
    • View description: Mountain(s), Other
    • Frontage type: Other
    Lot
    • Features: Cleared, Interior Lot, Level
    • Topography: Level,Sloping
    Details
    • Parcel number: 1110620470000
    • Zoning description: 12 - A-2 Medium Density Apartme
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Hollow Tile, Concrete
    • Foundation: Slab
    Condition
    • Good Condition
    • Year built: 1971

    Utilities & green energy

    • Sewer: Connected
    • Water: Public
    • Utilities for property: Electricity Available, Natural Gas Available, Other, Underground Utilities, Water Available, Sewer Connected

    Community & neighborhood

    Community
    • Community features: Other, Storage Facilities, Trash Chute
    Location
    • Region: Honolulu
    • Subdivision: Salt Lake

    HOA & financial

    HOA
    • Amenities included: Management
    Other financial information
    • Total actual rent: 58410
    Sell for more on Zillow
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    $11,234,200
    2% more+$224K
    With Zillow Showcase(estimated)$11.5M