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1576 Pensacola Street

Honolulu, HI 96822

– beds
– baths
3,312 sqft
10,858 sqft lot
$754 per sqft
1960 build
– on site

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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.

Listing courtesy of HI_CENTRAL_MLS / eXp Realty

Last checked: Checking… • Last updated Apr 22, 2024 •

MLS# 202125316 —

The Building

Year Built:

1960
Year Remodeled:

2007
Construction Materials:

Brick, Hollow Tile, Single Wall
Building Type:

Apartments, Duplex, Multi Dwellings
Stories:

One, Two
Roof:

Asphalt Shingle, Composition
SqFt Total:

3,312 Sqft
SqFt Building:

3312
# of Units Total:

3

Interior

Furnished:

None

Financial & Terms

Financing:

Cash, Conventional
Buyer Financing:

Cash, Conventional
Land Tenure:

FS - Fee Simple
Possession:

At Closing
Foreclosure:

No

Location

Location:

Corner

The Property

Parcel Number:

1-2-4-018-001-0000
Property Type:

Multi-Family
Property Subtype:

Multi-Family
Property Condition:

Above Average, Average
Property Frontage:

Other
Lot Size Area:

10,858 Sqft
Lot Features:

Clear
View:

Cemetery, City, Garden, Mountain
Topography:

Gentle Slope
Zoning:

12 - A-2 Medium Density Apartme
Flood Zone:

Zone X
Set Backs:

Of Record
Easements:

None

Listing Agent

Contact info:

Taxes

Tax Year:

2020
Tax Amount:

$718.17
Tax Assessed Value:

$2,479,900
Tax Assessed Value Land:

$2,160,500
Tax Assessed Value Improvements:

$319,400
Tax Paid By Seller:

No
Tax Annual Amount:

8618.04

The Listing

Listing Conditions:

Subject To Replacement Property
Land Recorded:

Regular System
Disclosures:

1031 Exchange, Pet on Property, Relative of Licensee

Utilities

Utilities:

Cable, Internet, Overhead Electricity, Sewer Fee, Telephone, Water
Utilities Meters:

Electric, Individual, Water
Sewer:

Connected

Appliances

Laundry Facilities:

Dryer, Individual, Washer

Schools

Elementary School:

Lincoln
Middle Or Junior School:

Stevenson
High School:

Roosevelt

The Community

Amenities:

A/C, Storage
Recreation Facilities:

None
Neighbourhood:

MAKIKI AREA

Parking

Parking Total:

9
Parking Features:

Assigned
Other Parking Features:

<10 Spaces

Extra Units

# of Two Bed Units:

1
# of Three Bed Units:

2

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price
3/31/22 Mar 31, 2022	Sold	HI_CENTRAL_MLS	$2,500,000
10/26/21 Oct 26, 2021	Pending	HI_CENTRAL_MLS	$2,500,000
10/11/21 Oct 11, 2021	Listed / Active	HI_CENTRAL_MLS	$2,500,000

Multifamily Sold on 3/31/2022

Last list price

$2,500,000

Listing provided by broker:

eXp Realty

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Listing Provided Courtesy of eXp Realty

Disclaimer: Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd.

The IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.

Some of the active listings appearing 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.

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This site was last updated on 05/09/2024. All properties are subject to prior sale, changes, or withdrawal.

1576 Pensacola Street

Honolulu, HI 96822