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
  • Date Updated Jan 23, 2025

  • 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?

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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.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Matthew J. Raff Is this you?

Standard Commercial

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