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404 Magellan Ave, Honolulu, HI 96813 listing image 1

For Sale

$2,850,000

404 Magellan Ave, Honolulu, HI 96813

-Bed
-Bath
-SqFt

-Bed
-Bath
-SqFt

Property Type
Condo
Year Built
1948
On highrises
0 Days

Property Details

Prime investment opportunity 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!

Property Features

Bathrooms

Total Bathrooms: 0

Appliances

Dryer
Washer
Laundry Features: Coin-operated

Land Info

Topography: Sloping

Garage and Parking

Parking Features: Assigned
Parking Total: 9

Home Features

View: City, Mountain(s)

Multi-Unit Info

Number of Units: 9

Rental Info

Tenant Pays: Cable TV, Electricity, Gas

Other Property Info

Annual Tax Amount: 4413
Source Listing Status: Active
County: Oahu
Source Property Type: Residential
Area: Metro
Source Neighborhood: PUNCHBOWL-LOWER
Parcel Number: 1-2-1-021-047-0000
Postal City: Honolulu
Subdivision: PUNCHBOWL-LOWER
Zoning Description: 12 - A-2 Medium Density Apartme
Property Subtype: Multi Family

Commercial Info

Net Operating Income: 102967
Operating Expense: 22313
Operating Expense Includes: Insurance, Real Estate Tax, Water/Sewer

Building and Construction

Year Built: 1948
Building Area Total: 3978
Construction Materials: Hollow Tile, Single Wall, Wood Frame
Levels: Three Or More
Property Age: 77
Property Condition: Average Condition
Levels or Stories: Three Or More
Structure Type: Apartment
Year Built Effective: 1960

Utilities

Sewer: Connected
Above Ground Utilities
Cable Available
Electricity Available
Natural Gas Available
High Speed Internet Available
Phone Available
Sewer Available
Water Available
Sewer Connected
Water Source: Public

Property History

Property Price

Date	Event	Price	Price/Sq Ft	Source
10/02/2025	Listed	$2,850,000	-	HiCentral

Property Tax

Year	Taxes	Land	added to	Additions	equals	Total assessments
2025	$4,413	$1,053,800	+	$207,100	=	$1,260,900
2024	$4,394	$1,053,800	+	$207,100	=	$1,260,900
2023	$4,393	$1,053,800	+	$201,500	=	$1,255,300
2022	$4,013	$953,400	+	$193,200	=	$1,146,600
2021	$4,297	$1,028,700	+	$199,100	=	$1,227,800
2020	$4,365	$1,028,700	+	$218,700	=	$1,247,400
2019	$3,922	$903,200	+	$217,500	=	$1,120,700

Neighborhood

Environmental Risk

Nearby Home Values

Address	Estimate	Bed	Bath	Sq Ft	Lot (sq ft)
809 Kinau St	$8M	N/A	N/A	N/A	N/A
725 Kapiolani Blvd Apt 1805	$625K	2	2	979	979
876 Curtis St Apt 2402	$520K	1	1	628	628
670 Prospect St Unit II710	$275K	0	1	436	436
55 S Kukui St Apt D1703	$320K	1	1	615	615
55 S Kukui St Apt D1306	$408K	1	1	615	615

Presented by:
Stephanie Rae Band
state license#RS-84381

Brokered by:
Compass
(808) 306-0666

Broker Location:

Honolulu

Data Source:

HiCentral

Source's Property ID:

202521036

Data Source Copyright:

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$2,850,000

404 Magellan Ave, Honolulu, HI 96813

Property Details

Property Features

Bathrooms

Property History

Neighborhood

Environmental Risk

Nearby Home Values

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