Property details
About 1055 Ala Napunani St
Rare Opportunity –40-Unit Apt Bldg in Salt Lake. Attractive 6 story trophy building to add to your investment portfolio! Building is a solid CMU and concrete structure, offering durability & low maintenance. The property features a keyed elevator for added convenience and ample 49 parking stalls. 100% leased but Rents under market with lots of development potential. 20– one bdrm; 20– two bdrm units. All units large in size w/lanais. Mgmt office on ground floor w/full bathroom. Coin operated laundry facility on each floor. Large storage room on pkg level as well as multiple storage rooms throughout building. Ideally situated near schools, shopping centers, freeway access, & public transportation, ensuring strong tenant demand. Original but maintained property in a high-demand rental market! Sold in Existing AS IS Condition. Buyer to conduct own Due Diligence. Do not disturb tenants, knock on doors nor park on property. Please contact Listor with additional questions. Must sign NDA for financials. Call for Offers Deadline, March 21, 2025, Friday at Noon. PSA must include verification of cash funds &/ Commercial lender preapproval.
Highlights
(Active Under Contract)
Summary
- Appliances: Dryer, Washer
- Parking: Assigned, Covered, Open
- Waterfront: Other
- View: Mountain(s), Other
- List Price: $11,000,000
- Annual Tax Amount: $18,734
- Tax Year: 2024
- Lot: Cleared, Interior Lot, Level
- Year Built: 1971
- MLS Number: 202506287
- MLS Name: HICMLS
- Office Name: Luxury Homes International
- Office Phone: (808) 797-3344
- Agent Phone: (808) 554-8787, (808) 255-2945
- Agent Email: au@popaloha.com
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright: 2025 by HiCentral MLS, Ltd.
Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company’s active listing, you may speak to one of our agents regarding your options for representation.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/6/2025, 8:20:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$11,000,000
1055 Ala Napunani St
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $5,361,500 | $18,734 |
| 2023 | $5,352,600 | $18,030 |
| 2022 | $5,151,600 | $18,030 |
| 2021 | $5,172,600 | $18,104 |
| 2020 | $5,402,500 | $18,908 |
| 2019 | $5,454,100 | $18,556 |
| 2018 | $5,301,900 | $18,556 |
| 2017 | $5,184,700 | $18,146 |
History based on county public records data.
Nearby schools
8
Moanalua Elementary School
Public District PK-6
0.7 mi
•1337 Mahiole St
9
Salt Lake Elementary School
Public District PK-6
0.7 mi
•1131 Ala Lilikoi St
8
Aliamanu Elementary School
Public District PK-6
0.8 mi
•3265 Salt Lake Blvd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $61,434. Residents of Honolulu, HI typically earn between $35k-100k each year. Most families are married, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Live Theatre
Men's Tennis
Hiking/backpacking
Where do the neighbors shop?
Bloomingdales
Nordstrom Rack
Crate & Barrel
Where do the neighbors go to eat?
Boston Market
The Cheesecake Factory
Starbucks
What do the neighbors drive?
Mercedes
Volvo
Audi
What do the neighbors listen to?
News
Alternative
Jazz
This home is located at 1055 Ala Napunani St in Honolulu, HI and zip code 96818 in the Aliamanu / Salt Lake / Foster Village neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since March 11, 2025 and is currently priced at $11,000,000.
Over 34 listings were sold over their listed price in April 2025 in Honolulu, HI. In the same period over 176 listings were sold below the listed price and 53 listings were sold for the listed price. Between March and April 2025, Honolulu, HI real estate market has seen increase in the number of listings by 15.5%. Listings spent 72 days on the market in April 2025, and had a median list price of $699,429 during the same period.