1003 3rd Avenue
Active HUGE PRICE REDUCTION! Investor’s gem in the highly desired Kaimuki area. This rare opportunity with a lot size of 15,600 sq. ft. in a R-3.5 zone. The property currently has a total of 12 rental units (5 Studios, 6 One Bedroom, 1 Two Bedroom). 5 separate
structures on a corner block of your own stretching from 3rd Ave to Palima Pl., across Pahoa Ave. Property has 11
individual electric meters, 11 individual gas meters, and 2 water meters. Conveniently located near freeway on/off
ramps, handful of restaurants and businesses on Waialae Ave. & Kapahulu Ave, Market City Shopping Center,
Kapahulu Shopping Center, Waikiki. Buyers to do their own due diligence. Photos with outlines are only for
general guidelines and do not depict actual lot boundaries. ALL SHOWINGS ARE BY APPOINTMENT ONLY, PLEASE
DO NOT ENTER THE PREMISES AND DISTURB THE TENANTS.
| Price: | $$2,888,000 USD |
|---|---|
| Address: | 1003 3rd Avenue |
| City: | Honolulu |
| State: | Hawaii |
| Zip Code: | 96816 |
| Subdivision: | KAIMUKI |
| MLS: | 202413986 |
| Year Built: | 1942 |
| Acres: | 0.358 |
| Lot Square Feet: | 0.358 acres |
| view: | City, Other |
|---|---|
| sewer: | Connected |
| levels: | One, Two |
| viewYN: | yes |
| cooling: | Central Air |
| stories: | 1 |
| coolingYN: | yes |
| furnished: | Partially |
| mlsStatus: | Active |
| utilities: | Above Ground Utilities, Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Water Available, Sewer Connected |
| postalCity: | Honolulu |
| tenantPays: | Electricity, Gas |
| topography: | Level,Sloping |
| disclosures: | None |
| lotFeatures: | Other, Level |
| waterSource: | Public |
| frontageType: | Other |
| mlsAreaMajor: | DiamondHd |
| parkingTotal: | 12 |
| openParkingYN: | yes |
| structureType: | Multi Family |
| humanModifiedYN: | no |
| laundryFeatures: | In Unit, None |
| parkingFeatures: | Open |
| recordSignature: | -1483002921 |
| taxAnnualAmount: | 10368 |
| totalActualRent: | 16185 |
| operatingExpense: | 32197 |
| communityFeatures: | None |
| propertyCondition: | Average Condition |
| zoningDescription: | 07 - R-3.5 Residential District |
| countrySubdivision: | 15003 |
| netOperatingIncome: | 162023 |
| numberOfUnitsTotal: | 12 |
| constructionMaterials: | Single Wall |
| operatingExpenseIncludes: | Insurance, Maintenance, Real Estate Tax |
| specialListingConditions: | None |
© 2025 HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on Tuesday, February 11th, 2025. 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.The offer of compensation to cooperating participants is made only to the Participants and MLS Subscribers of HICMLS or Participants and MLS Subscribers of other Reciprocating Boards as set forth in that certain Multiple Listing Service Reciprocal Agreement, as amended from time to time, which is incorporated herein by reference. Data last updated: Tuesday, February 11th, 2025 05:25:42 PM.
Data services provided by IDX Broker
Listed by: Five Star Realty, Inc. (808) 382-6871