Hawaii Living

1568 Pensacola Street (Makiki)

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1568 Pensacola St, Honolulu
Inquire / Showing / Video Tour
Call agent (808) 372-2274 or use contact form.
For Japanese click here.
Description
Location, Location, Location. Two Houses: Live in one, rent out the other! Excellent investment opportunity with easy access to Ala Moana, Punahou, Punchbowl, Downtown, and the freeway in all directions. Apartment-zoned, not a tear-down, but ripe for re-development. Bill 7 possibility with stable, existing income from 2 tenants of just under $4,500/mo. Collect the rent while going for permits—land cost breaks down to approximately $235/sf with unbeatable location, 60’ height limit. Drive by today to understand the full possibility of the lot.
Recently Sold
(Makiki)
More Details
  • Price / Interior Sf: $975
  • Sold Furnished: Partially
  • Year Remodeled: 2017
  • Owner, Tax & Resale History: Click here
  • MLS: 202018107
  • Occupancy Type: Tenant
  • Elementary School: Lincoln
  • Middle School: Stevenson
  • High School: Roosevelt
  • View: City
  • Zoning: 12 - A-2 Medium Density Apartme
  • Flood Zone: Zone X
  • Management Company: Self Managed
  • Security Features: Key
  • TMK: 1-2-4-18-2-0
  • Tax Assessed Land: $1,526,900
  • Tax Assessed Improvements: $88,700
  • Tax Assessed Total: $1,615,600
  • Special Sales Terms: None
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The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on August 15, 2020. Information is deemed reliable but not guaranteed.
- listing courtesy Commercial Inv. Strategies.
Other Makiki Homes
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1526 Evelyn Lane
7 Bd | 3.5 Ba | 2,400 sqft
Year Remodeled: 2017
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1525 Piikoi Street
11 Bd | 11 Ba | 3,123 sqft
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2023C Round Top Drive
6 Bd | 3 Ba | 2,496 sqft
Ocean view
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2243 Round Top Drive
4 Bd | 4 Ba | 2,578 sqft
Ocean view
About Makiki
See our video of Makiki Heights homes.

Makiki - the childhood neighborhood of President Barack Obama - is an older established neighborhood of approximately 500 homes just north-east of downtown Honolulu, bordered by Punchbowl to the west and Manoa to the east. Makiki homes for sale are often valued between $600K to $1M on lot sizes between 2,000 to 9,000 sq ft. Makiki Heights homes for sale tend to be more valuable at $850K to $8M with lot sizes between 5,000 sq ft to 1 acre plus.

Makiki consists of 2 distinct communities: Makiki with mostly modest homes on the flat section hugging the foothills to the south, and Makiki Heights with some luxury homes on the hillside above to the north.

Insight to Makiki Homes
Makiki, the diverse and densely populated lower section south of Nehoa St, consists of a mix of older homes, often on smaller lots, as well as a number of small to medium size apartment buildings and several high rise condos, predominantly built during the 1960&rsq  ....click here to read more
Other Honolulu Homes
3075 Pacific Hts Road
5 Bd | 3.5Ba | 3,861 sqft
2289 Liliha Street
5 Bd | 3Ba | 2,216 sqft
1449 Mahiole Street
5 Bd | 3.5Ba | 2,927 sqft
1640 Alewa Drive
5 Bd | 3.5Ba | 2,484 sqft

Asking Price

$1,700,000

Living

1,744 sqft

Baths

2

Beds

5

 
 
    Description
    Location, Location, Location. Two Houses: Live in one, rent out the other! Excellent investment opportunity with easy access to Ala Moana, Punahou, Punchbowl, Downtown, and the freeway in all directions. Apartment-zoned, not a tear-down, but ripe for re-development. Bill 7 possibility with stable, existing income from 2 tenants of just under $4,500/mo. Collect the rent while going for permits—land cost breaks down to approximately $235/sf with unbeatable location, 60’ height limit. Drive by today to understand the full possibility of the lot.
    Inquire / Showing / Video Tour
    Call agent (808) 372-2274 or use contact form.
    For Japanese click here.
    See our video of Makiki Heights homes.

    Makiki - the childhood neighborhood of President Barack Obama - is an older established neighborhood of approximately 500 homes just north-east of downtown Honolulu, bordered by Punchbowl to the west and Manoa to the east. Makiki homes for sale are often valued between $600K to $1M on lot sizes between 2,000 to 9,000 sq ft. Makiki Heights homes for sale tend to be more valuable at $850K to $8M with lot sizes between 5,000 sq ft to 1 acre plus.

    Makiki consists of 2 distinct communities: Makiki with mostly modest homes on the flat section hugging the foothills to the south, and Makiki Heights with some luxury homes on the hillside above to the north.

    Insight to Makiki Homes
    Makiki, the diverse and densely populated lower section south of Nehoa St, consists of a mix of older homes, often on smaller lots, as well as a number of small to medium size apartment buildings and several high rise condos, predominantly built during the 1960&rsq  ....click here to read more
    Other Makiki Homes
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    1526 Evelyn Lane
    7 Bd | 3.5 Ba | 2,400 sqft
    Year Remodeled: 2017
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    1525 Piikoi Street
    11 Bd | 11 Ba | 3,123 sqft
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    2023C Round Top Drive
    6 Bd | 3 Ba | 2,496 sqft
    Ocean view
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    2243 Round Top Drive
    4 Bd | 4 Ba | 2,578 sqft
    Ocean view
    Other Honolulu Homes
    3075 Pacific Hts Road
    5 Bd | 3.5Ba | 3,861 sqft
    2289 Liliha Street
    5 Bd | 3Ba | 2,216 sqft
    1449 Mahiole Street
    5 Bd | 3.5Ba | 2,927 sqft
    1640 Alewa Drive
    5 Bd | 3.5Ba | 2,484 sqft
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on August 15, 2020. Information is deemed reliable but not guaranteed.
    - listing courtesy Commercial Inv. Strategies.
    You do not own the land, but have the right to use the land until an expiration year. At expiration the ownership typically reverts back to the land owner.
    Buyer and Seller have reached an agreement and are under contract. However, the sale is still subject to one or more contingencies.
    We have handled many transactions for clients who purchase Hawaii real estate without visiting. By request, we can prepare thorough property videos to ensure you are familiar with every detail necessary. All documents can be signed remotely.
    Buyer and Seller have reached an agreement and are under contract. The sale is expected to close / record soon.
    We will be happy to work with you as a Buyer's agent. Call us to learn more: 808-943-9000.
    Note: A Seller's agent has a fiduciary responsibility towards the Seller. Working with a Buyer's agent objectives and goals are aligned, at no cost to you, the Buyer.
    Other fees could be a special assessment, reserve contributions etc.
    DOM = Days On Market. Our site shows listings immediately. A brand new listing may show DOM 2 or 3 days, if listing agent did not upload the same day listing agreement was executed.
    Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
    Learn more about Oahu property taxes here.