2989 Ala Ilima Street, Honolulu, HI 96818

Sold Price
$4,300,000
List Price
$4,500,000
Status
CLOSED
Type
Multifamily
MLS#
202505434
Days on Market
51
Closing Date
Apr 25, 2025
Land Area
10,000
Year Built
1969
Property Type
Residential
Neighborhood
Salt Lake
Land Tenure
FS - Fee Simple

Property Description

COMMERCIAL LISTING. RARE FIND in Salt Lake. Owners never thought they'd sell, so took care of the building like they'd keep it forever with lease rents WAY below market. Easy opportunity to 'manage up.' Beautifully maintained building with an elevator and 16 units: 4 ones, 12 twos, and 16 parking with 5 tandem stalls for 21 stalls total (most are covered w/extra charge for usage). Easy to rent units with cool mountain breezes in a desirable neighborhood. Hollow tile construction, simple & clean interiors in excellent condition. All units separately metered for electricity and one water meter.

Additional Information

Island
Oahu
Utilities
Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available, Sewer Connected
View
City
Lot Size
10,000
Construction Materials
Hollow Tile
Neighborhood
Salt Lake
Frontage
Other
Furnished
Partially
Year Built
1969
Sewer
Connected
Parking Features
Assigned, Covered
Lot Features
Cleared, Interior Lot
Assessed Total
2664900
Water
Public

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Commercial Inv. Strategies. Selling Office: John Riggins Real Estate.

Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2025 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Contact: (808) 429-1098