Map of Property

331 Hobron Ln

331 Hobron Ln, Honolulu, HI 96815

  • For Sale $2,700,000
  • 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

Contacts

broker

Matthew J. Raff Is this you?

Standard Commercial

Location

Getting Around

  • Walk Score ®

    92/100 Walker's Paradise

  • Transit Score ®

    72/100 Excellent Transit

  • Bike Score ®

    83/100 Very Bikeable
Powered by Walk Score ®
  • 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

  • McDonald's

    0.05 miles

  • Saigon Salad

    0.05 miles

  • Aloha Sushi

    0.05 miles

  • Subway

    0.06 miles

  • Bombay Palace

    0.07 miles

  • Buffalo Wild Wings

    0.07 miles

  • Red Lobster

    0.10 miles

  • Waikiki Gangnam Style

    0.10 miles

  • IHOP

    0.11 miles

  • Morimoto Waikiki

    0.13 miles

  • King William Lunalilo Elementary School

    0.54 miles

  • Heald College

    0.54 miles

  • IIE Hawaii

    0.60 miles

  • Global Village Hawaii

    0.61 miles

  • Gone Surfing Hawaii

    0.66 miles

  • Washington Middle School

    0.67 miles

  • Ala Wai Elementary

    0.69 miles

  • Central Pacific College

    0.90 miles

  • ʻIolani School

    0.94 miles

  • Maryknoll High School

    1.09 miles

  • KCAA Muriel Preschool

    1.13 miles

  • Mother Rice Preschool

    1.15 miles

  • UHM Children’s Center

    1.23 miles

  • Waikiki Community Center Preschool

    1.36 miles

  • Harris Preschool

    2.31 miles

  • KCAA Wai-Kahala Preschool

    3.49 miles

  • Ko‘olau Boys Home

    8.26 miles

  • Hui Kū Maoli Ola

    8.77 miles

  • Iroqouis Point Pre-School

    9.45 miles

Frequently Asked Questions

How much does 331 Hobron Ln cost?

The space currently listed for sale at 331 Hobron Ln asks for $2,700,000.

What is the total square footage of 331 Hobron Ln?

331 Hobron Ln totals 12,914 square feet.

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Contact Listing Broker

broker

Matthew J. Raff Is this you?

Standard Commercial