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.
Closed
$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
Owner options
What's special
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#: 202506287
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
Get a Zillow Showcase℠ listing at no additional cost and you could sell for —faster.
$11,234,200
2% more+$224K
With Zillow Showcase(estimated)$11.5M