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    1576 Pensacola Street

    Honolulu, HI 96822
    • $2,500,000
    • STATUS: Active
    • ON SITE: 9 Days
    • MLS #: 202125316
    UPDATED: 39 min ago
    $2,500,000
    • 0
      BEDS
    • 0.25
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,312
      SQFT
    • $755
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1960
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    This 10,858 sq ft of prime (A-2) Apartment zoned land in Makiki has a solid 2 story apartment building with a 3 bed / 2 bath upstairs as well as a 3/2 downstairs, 1,320 sq ft of living space each, granite countertops in the kitchens and bathrooms, and painted concrete floors. The vintage corner 2/1 cottage (672 sq ft with address of 1580 Pensacola St) nestled under the iconic Makiki banyan tree makes for shady natural living. Each of the 3 units are separately metered for electricity, and each has their own laundry. This great location on the corner of Pensacola St and Wilder Ave is convenient to bus lines, Biki bikes, and just minutes to the freeway. You'll see that the back of the property on the Wilder Avenue side is bare and ready to be developed. Ask your architect about the massive development potential of a 10,858 sq ft parcel within a medium density A-2 Apartment Zone especially given the provisions of the City's Bill 7, the State's 201H Housing Program, or to simply build an apartment building and maximize the standard entitlements. The units are tenant occupied. Please do not walk on the property nor disturb the tenants.

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    © 2021 HiCentral MLS, Ltd. All rights reserved.
    Some of the active listings on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.

    IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Island Life Homes.

    Licensed in the State of Hawaii, USA.
    www.islandlifehm.com/homes/122264265
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    1576 Pensacola Street Honolulu, HI 96822

    • Price: $2,500,000
    • Status: Active
    • Updated: 39 min ago
    • MLS #: 202125316
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.25
    Acres
    3,312
    SQFT
    $755
    $/SQFT
    1960
    Built
    Neighborhood:
    Makiki Area
    County:
    Oahu
    Area:
    Metro
    Elementary School:
    Lincoln
    Middle School:
    Roosevelt
    High School:
    Stevenson
    Property Description
    This 10,858 sq ft of prime (A-2) Apartment zoned land in Makiki has a solid 2 story apartment building with a 3 bed / 2 bath upstairs as well as a 3/2 downstairs, 1,320 sq ft of living space each, granite countertops in the kitchens and bathrooms, and painted concrete floors. The vintage corner 2/1 cottage (672 sq ft with address of 1580 Pensacola St) nestled under the iconic Makiki banyan tree makes for shady natural living. Each of the 3 units are separately metered for electricity, and each has their own laundry. This great location on the corner of Pensacola St and Wilder Ave is convenient to bus lines, Biki bikes, and just minutes to the freeway. You'll see that the back of the property on the Wilder Avenue side is bare and ready to be developed. Ask your architect about the massive development potential of a 10,858 sq ft parcel within a medium density A-2 Apartment Zone especially given the provisions of the City's Bill 7, the State's 201H Housing Program, or to simply build an apartment building and maximize the standard entitlements. The units are tenant occupied. Please do not walk on the property nor disturb the tenants.
    Exterior Features

    Construction Materials BrickHollow TileSingle Wall Location Corner Lot Description Clear Other Parking <10 Spaces Parking Assigned Parking Total 9 Property Frontage Other Roof Asphalt ShingleComposition Stories OneTwo Topography Gentle Slope View CemeteryCityGardenMountain

    Interior Features

    Elevators 0 Furnished None Laundry DryerIndividualWasher Remodeled Year 2007 Sq Ft Building 3312

    Property Features

    1 Bed Units 0 2 Bed Units 1 3 Or More Bed Units 2 Amenities A/CStorage Annual Expenses 18750.05 Assessed Value Improvements 319400.00 Assessed Value Land 2160500.00 Assessed Value Total 2479900.00 Building Type ApartmentsDuplexMulti Dwellings Disclosures 1031 ExchangePet On PropertyRelative Of Licensee Documents Survey Easements None Expenses Include Excise TaxInsuranceProperty TaxRepair MaintenanceSewer Fee Flood Zone Zone X Foreclosure YN No Land Recorded Regular System Land Tenure Fs - Fee Simple Listing Financing CashConventional Net Operating Income 53249.95 Other Income 0.00 Possession At Closing Property Condition Above AverageAverage Recreation Facilities None Set Backs Of Record Sewer Connected Special Sale Conditions Subject To Replacement Property Studio Units 0 Tax Amount 718.17 Tax Paid By Seller No Tax Year 2020 Tenant Pays Cable TvElectricity Total Actual Rent 6000.00 Total Income 72000.00 Utilities Available CableInternetOverhead ElectricitySewer FeeTelephoneWater Utilities Meters ElectricIndividualWater Zoning 12 - A-2 Medium Density Apartme

    Listings provided courtesy of Exp Realty.
    Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Listings last updated on 2021-10-20T23:58:40.043. Information is deemed reliable but not guaranteed. Copyright: 2021 by HiCentral MLS, Ltd.


    © 2021 HiCentral MLS, Ltd. All rights reserved.
    Some of the active listings on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.

    IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Island Life Homes.

    Licensed in the State of Hawaii, USA.
     
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