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715 Piikoi Street

Sold for $5,275,000 on July 3, 2024.

  • Status: Sold
  • Tenure: Fee Simple
  • Type: Multi-dwelling
  • Mortgage: $20,145/mo
  • HOA Fee: n/a
  • Taxes: $836/mo
715 Piikoi Street was on the market for 351 days. Originally listed for $5,300,000.
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What this multi-dwelling offers

18 CMU one-bedroom units near Ala Moana with 29 parking stalls! 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 approx. 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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Location

Oahu › Ala Moana › 715 Piikoi Street
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715 Piikoi Street, Honolulu, HI, 96816 is located in Ala Moana on Oahu.

More about this multi-dwellingOpen and close this section
  • Elementary: Kaahumanu
  • Middle: Washington
  • High: Mckinley
  • Parcel: 1-2-3-014-058-0000
  • Year Built: 1968
  • Lot Size: 8,704 sqft
  • Views: Mountain, Other
  • Construction: Concrete, Hollow Tile, Slab
  • Roof: Other
  • Parking: Assigned, Covered
About Ala MoanaOpen and close this section

Across from lovely Ala Moana Park and the sparkling Pacific, exciting twenty-first-century concepts in fee-simple high-rise living have sculpted a new Ala Moana skyline. Along inland thoroughfares, sleek residential towers share neighborhoods with older single-family homes and low- and mid-rise condos and apartment buildings. The residential silhouette of Ala Moana's communities continues to evolve as more mid- and high-rise mixed-use condos are on the drawing boards. From affordable residential to high-end luxury options, Ala Moana is distinctive island living in the urban heart of Honolulu. View all homes for sale in Ala Moana.

Other neighborhoods you may likeOpen and close this section

Listing courtesy of Michael M Okamoto from Standard Management LLC, MLS #202326083. Contact: (808) 208-8107.

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Recently Sold

The most recently sold Multi-Family Homes with bedroom(s) nearest to 715 Piikoi Street and sorted by date, then price.

Date Sold Sold Price Address DOM Beds Baths SQFT
08/05/2024 $2,200,000 732 Birch Street 49 bed 0 bath
12/28/2023 $2,530,000 1125 Hoolai Street 134 bed bath
05/24/2024 $1,300,000 1072 Kinau Street 99 bed 0 bath
10/06/2023 $1,420,000 1266 Matlock Avenue 73 bed bath
10/09/2024 $11,000,000 1442 Kewalo Street 523 bed 0 bath
11/09/2023 $1,680,000 1625 Philip Street 112 bed bath
05/31/2024 $2,350,000 850 Lokahi Street 67 bed 0 bath
11/12/2024 $2,485,000 1532 Thurston Avenue 69 bed 0 bath
05/31/2024 $1,878,000 1565 & 1565-A Thurston Avenue #1,#2, A1, A2, A3, A4 109 bed 0 bath
02/09/2024 $1,900,000 1749 Fern Street 38 bed 0 bath
02/23/2024 $1,100,000 1804 Waiola Street 164 bed 0 bath
04/22/2024 $2,600,000 1624 Liholiho Street 67 bed 0 bath