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331 & 333 Hobron Lane, Honolulu, HI, 96815
Multi-dwelling in Waikiki
$2,700,000Est. $15,479/mo
  • Active Actively looking for buyers.
  • LeaseholdYou own the property outright.
  • 213 daysListed 04/15. Last updated 04/18.
  • Built in 1949Built 75 years ago.
Shay Kusumoto

Shayna Kusumoto

Compass | RS-85783
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What this multi-dwelling offers

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INCREDIBLE CASHFLOW OPPORTUNITY IN WAIKIKI priced at only $150,000 per unit. 18 solid concrete renovated units with 18 parking stalls on a total of 12,914 SF of land in world-famous Waikiki. The property has no trouble staying rented, and Waikiki typically has higher rent appreciation than other neighborhoods due to the year-round global demand. This property is leasehold with 40 years remaining on the ground lease and 15 years of known rent, making it financeable and eligible for a 1031 exchange. Ideal for a buyer looking to achieve a great return on their money for at least the next 40 years. Separately metered for electricity and tenants are billed back for water.

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Where you'll live

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331 & 333 Hobron Lane, Honolulu, HI, 96815 is located in Waikiki on Oahu.

More about this multi-dwelling

  • Tax ID 1-2-6-012-046-0000
  • Taxes$1,109/mo
  • HOA Fee: n/a
  • Property Type Multi-dwelling
  • Tenure Leasehold
  • Construction Concrete
  • Roof Custom/Specialty
  • Year Built 1949
  • Lot Size 6,500 sqft
  • Views Sunset
  • Parking Assigned
  • Elementary Lunalilo
  • Middle Washington
  • High Kaimuki
About WaikikiOpen and close this section

On the south shore of Honolulu lies the iconic neighborhood of Waikiki. Waikiki is filled with hotels, condos, and condo hotels. It's one of the only locations on Oahu that short-term vacation rentals can legally be operated. The majority of people staying in Waikiki are visitors, but for those who live there, 63% rent and 37% own. View all homes for sale in Waikiki.

Listing courtesy of Michael M Okamoto from Standard Management LLC, MLS #202408267. Contact: (808) 208-8107.

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