404 Magellan Ave, Honolulu, HI, 96813
About This Home
PRIME INVESTMENT OPPORTUNITY - REALIZE IMMEDIATE INCOME UPSIDE OF 7% + CAP RATE W/ ONLY A FEW MINOR CHANGES!! - In the heart of Honolulu this 9-unit property at 404 Magellan Ave offers a strong foundation with 9 separate electric meters, 9 separate gas meters, and individual gas water heaters for each unit—a rare setup that maximizes tenant independence and reduces ownership expenses. The building is currently generating income with solid rental history, and offers excellent upside potential: simply increase rents to market value or enhance returns with light remodeling or upgrades. This property provides flexibility and long-term growth opportunities in a highly desirable location close to schools, shops, and major transit routes. A must-see for investors looking for cash flow today and room to grow tomorrow!
Getting Around
Very Walkable
Excellent Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Average Condition
- Year built: 1948
Materials
- Construction materials: Hollow Tile,Other,Single Wall,Wood Frame
Notable Dates
- Major remodel year: 1960
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Dryer,Washer
- Laundry features: Coin-operated
Interior Area
- Total structure area: 3,978
- Total interior livable area: 3,978 sqft
Property
Details
- Parcel number: 1210210470000
- Zoning description: 12 - A-2 Medium Density Apartme
- Special condition: None
Features
- Levels: Three Or More
- Has view: Yes
- View description: City,Mountain(s)
- Frontage type: Other
- Topography of land: Sloping
Lot
- Features: Other
Parking
- Total spaces: 9
- Parking features: Assigned