Map of Property

331 Hobron Ln

For Sale

331 Hobron Ln, Honolulu, HI 96815

This Honolulu property for sale is located at 331 Hobron Ln. The current listed sale price for 331 Hobron Ln is $2,700,000.

Contacts

broker

Matthew J. Raff

Standard Commercial

Property Details

  • Property Type Multi-Family
  • Property Size 12,914 SF
  • Units 18
  • Additional Rent Contact for pricing
  • Date Updated Nov 18, 2024

  • 18 all-concrete units with 18 parking stalls

  • New roof in 2023 with warranty

  • Renovated units feature granite counters, AC, dishwashers and vinyl hardwood flooring

  • Secured building with lush landscaping, courtyards, management office and coin op laundry room

  • In-place net cashflow after ground lease: $220,600!

  • 8.1% cap rate with in-place rents 12,914 SF of land zoned APART

  • 2 separate TMKs, both eligible for Bill 7 development. The parking lot could be developed. 350’

  • height limit.

  • Ground Lease Term 40 years (expires 12/31/2064)

  • Ground Rent is Known for the next 5 years (thru 12/31/2029) Ground Rent is fixed for next 5 years

  • (thru 12/31/29)

  • Unbeatable Waikiki location, within minutes of the beach and hundreds of shops and restaurants

  • Unit Mix: (13) one beds | 428 SF; (3) two beds | 850-1,000 SF | one has 2 bathrooms, one has a lanai; (2) studios | 311 SF

  • $150,000 per unit.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Getting around

  • 92/100

    Walk Score ®

  • 72/100

    Transit Score ®

  • 83/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Honolulu, HI
  • Neighborhood Waikiki
  • Zip Code 96815
  • Market Honolulu

Points of Interest

  • Hālawa / Aloha Stadium

    8.54 miles

  • Kalauao / Pearlridge

    9.77 miles

  • Aloha Petroleum

    0.37 miles

  • Hele

    0.76 miles

  • コスモ

    0.87 miles

  • Shell

    0.90 miles

  • Texaco

    0.99 miles

  • Union 76

    0.99 miles

  • 76

    1.04 miles

  • ChargePoint

    1.56 miles

  • Kahala Mall

    3.35 miles

  • OpConnect

    5.38 miles

  • Watermark Parking

    0.06 miles

  • Ilikai Marina

    0.11 miles

  • Hilton Hawaiian Village Parking

    0.17 miles

  • Hale Koa Parking Structure

    0.27 miles

  • Kapiolani Residence Parking

    0.36 miles

  • Don Quijote Parking

    0.50 miles

  • Bank of Hawaii

    0.60 miles

  • Royal Hawaiian Center Parking Garage

    0.69 miles

  • Sheraton Waikiki & Royal Hawaiian Hotel Parking Garage

    0.72 miles

  • Hale Kaheka Parking

    0.75 miles

  • Tradewinds Hotel

    0.06 miles

  • The Equus

    0.10 miles

  • The Modern Honolulu

    0.12 miles

  • Ilikai Marina Condos

    0.12 miles

  • The Ilikai Hotel

    0.13 miles

  • Hawaii Prince Hotel

    0.15 miles

  • Doubletree Alana Waikiki Hotel

    0.23 miles

  • Ala Moana Hotel

    0.32 miles

  • Hale Koa

    0.36 miles

  • Luana Waikiki Hotel & Suites

    0.40 miles

  • Food Pantry

    0.14 miles

  • Macy's

    0.38 miles

  • Neiman Marcus

    0.49 miles

  • Palama Supermarket

    0.49 miles

  • Ala Moana Center

    0.50 miles

  • Target

    0.53 miles

  • Don Quijote

    0.54 miles

  • Bloomingdale's

    0.64 miles

  • Ross

    0.64 miles

  • McCully Pantry

    0.67 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Matthew J. Raff

Standard Commercial