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1662 Lewalani Drive

Sold for $4,150,000 on November 20, 2023.

  • Status: Sold
  • Tenure: Fee Simple
  • Type: Multi-dwelling
  • Mortgage: $16,686/mo
  • HOA Fee: n/a
  • Taxes: $744/mo
1662 Lewalani Drive was on the market for 556 days. Originally listed for $4,390,000.
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What this multi-dwelling offers

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100% leased 12-unit apartment building in a well-located part of Makiki. Excellent stabilized cash flow opportunity which is turnkey for an investor. The property underwent a major renovation in 2020 including new quartz countertops, cabinets, vanities, lights, ceiling fans, LVT flooring, interior paint, tiled showers*, stainless steel microwaves and gas ranges/ovens, washer dryers, and low flow water fixtures. In addition, the driveway and parking lot was repaved with new asphalt and concrete in some areas, as well as updated landscaping to the property. Roof re-coated and resealed in 2022! INVESTMENT HIGHLIGHTS - Renovated units with luxury finishes - Excellent unit mix - CMU construction - Large Units - Electricity & Gas are separately metered - All units have their own washer/dryer - 10 on-site parking spaces - In-place 4.9% CAP rate

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Location

Oahu › Honolulu › 1662 Lewalani Drive
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1662 Lewalani Drive, Honolulu, HI, 96822 is located in Makiki on Oahu.

More about this multi-dwellingOpen and close this section
  • Elementary: Lincoln
  • Middle: Stevenson
  • High: Roosevelt
  • Parcel: 1-2-4-030-033-0000
  • Year Built: 1966
  • Lot Size: 8,736 sqft
  • Views: None
  • Construction: Hollow Tile
  • Roof: Composition
  • Parking: Assigned
About HonoluluOpen and close this section

Honolulu homes come in a wide variety of styles and prices. While known for its luxury oceanfront estates, Honolulu has neighborhoods with affordable condos and modest homes for first-time buyers. Higher-priced inland homes on larger lots grace well-cared-for neighborhoods. As homes rise on hillsides, so do prices. Oceanfront luxury mansions and gated ridgeline estates with panoramic views are the most expensive homes in Honolulu. View all homes for sale in Honolulu.

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Listing courtesy of Clint B Crawford from Standard Management LLC, MLS #202311027. Contact: (808) 208-8107.

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Recently Sold

The most recently sold Multi-Family Homes with bedroom(s) nearest to 1662 Lewalani Drive and sorted by date, then price.

Date Sold Sold Price Address DOM Beds Baths SQFT
11/20/2023 $4,150,000 1662 Lewalani Drive 187 bed bath
04/22/2024 $2,600,000 1624 Liholiho Street 67 bed 0 bath
05/31/2024 $1,878,000 1565 & 1565-A Thurston Avenue #1,#2, A1, A2, A3, A4 109 bed 0 bath
10/09/2024 $11,000,000 1442 Kewalo Street 523 bed 0 bath
10/21/2024 $2,300,000 1648 Keeaumoku Street 89 bed 0 bath
11/12/2024 $2,485,000 1532 Thurston Avenue 69 bed 0 bath
07/14/2023 $3,988,000 1430 Wilder Avenue 42 bed bath
10/06/2023 $1,420,000 1266 Matlock Avenue 73 bed bath
05/24/2024 $1,300,000 1072 Kinau Street 99 bed 0 bath
04/30/2024 $2,155,000 1828 Poki Street 39 bed 0 bath
08/05/2024 $2,200,000 732 Birch Street 49 bed 0 bath
09/18/2024 $2,900,000 1538 Pele Street 219 bed 0 bath