- For Sale $5,300,000
- Property Type Multi-Family
- Property Size 12,636 SF
- Units 18
- Lot Size 8,704 SF
- # of Floors 2
- Year Built 1968
- Date Updated Feb 13, 2024
Proforma 5.6% cap rate at market rents. Average in-place rents are $1,183, far below market, and all tenants are month-to-month. Each unit is approximately 491 SF and in classic condition, allowing an investor the opportunity to add value by renovating units and increasing rents to market rates. The property consists of 18 one-bedroom/one-bathroom CMU units, each with a private lanai, and most with a sink and mauka views. The property has a large covered parking garage with 29 parking stalls and ingress/egress from Piikoi and Alder St. The secured laundry room has 2 landlord-owned coin-operated washers and dryers and has its own bathroom for tenant convenience. There is abundant landlord storage space on-site. Building is separately metered for electricity and boasts mature landscaping. Walking distance to Walmart and Ala Moana Shopping Center.
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Contacts
Location
Getting Around
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Walk Score ®
97/100
Walker's Paradise
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Transit Score ®
77/100
Excellent Transit
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Bike Score ®
86/100
Very Bikeable
- City Honolulu, HI
- Neighborhood Ala Moana
- Zip Code 96814
- Market Honolulu
Points of Interest
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Honolulu International Airport Station (under Construction)
5.52 miles
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Hālawa / Aloha Stadium
7.69 miles
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Kalauao / Pearlridge
8.94 miles
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Texaco
0.22 miles
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76
0.26 miles
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Cosmo
0.32 miles
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Texaco
0.46 miles
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Union 76
0.47 miles
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Hele
0.57 miles
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Hele
0.60 miles
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Hele
0.68 miles
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ChargePoint
0.80 miles
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Shell
1.02 miles
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Main Parking Lot
0.19 miles
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Nauru Parking
0.37 miles
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1133 Waimanu Parking
0.40 miles
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Hale Kaheka Parking
0.40 miles
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Ward Village Parking
0.43 miles
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1448 & 1450 Young Street Parking
0.51 miles
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Don Quijote Parking
0.52 miles
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Kapiolani Residence Parking
0.55 miles
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800 Mauka Plaza Parking
0.69 miles
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801 South Street Building B Parking
0.82 miles
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Pagoda Hotel
0.31 miles
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Ala Moana Hotel
0.56 miles
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Hawaii Prince Hotel
0.79 miles
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The Equus
0.79 miles
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Ilikai Marina Condos
0.84 miles
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The Modern Honolulu
0.93 miles
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The Ilikai Hotel
0.94 miles
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Doubletree Alana Waikiki Hotel
1.03 miles
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The Grand Islander by Hilton Grand Vacations
1.09 miles
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Hilton Village
1.10 miles
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Stage
0.13 miles
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Izakaya Tairyo
0.18 miles
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The Original Pancake House
0.18 miles
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Ichiriki
0.19 miles
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Side Street Inn
0.21 miles
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Bakery & Table
0.23 miles
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Golden Duck
0.23 miles
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Eggs n’ Things
0.24 miles
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Simple Joy
0.24 miles
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Burger King
0.24 miles
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Central Pacific College
0.19 miles
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Global Village Hawaii
0.26 miles
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McKinley High School
0.27 miles
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Heald College
0.34 miles
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Queen Ka'ahumanu Elementary School
0.41 miles
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Washington Middle School
0.64 miles
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Maryknoll High School
0.80 miles
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King William Lunalilo Elementary School
0.83 miles
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Kawaiaha'o Church School
0.95 miles
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Maryknoll School
0.97 miles
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KCAA Muriel Preschool
0.45 miles
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Harris Preschool
1.44 miles
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UHM Children’s Center
1.44 miles
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Mother Rice Preschool
1.64 miles
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KCAA Wai-Kahala Preschool
4.19 miles
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Ko‘olau Boys Home
8.13 miles
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Iroqouis Point Pre-School
8.83 miles
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KCAA Preschool
8.92 miles
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Sunshine Works Preschool
9.39 miles
Frequently Asked Questions
What is the lease rate for 715 Piikoi St?
Rental asking rate at 715 Piikoi St is $2,650,000.00/YR.
What is the total square footage of 715 Piikoi St?
715 Piikoi St totals 12,636 square feet.
When was this property built?
715 Piikoi St was built in 1968.
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