Property

Honolulu, HI 96813 404 Magellan Avenue

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Presented By: Compass; (808) 825-4277
  • MLS# 202521051
  • 10/01/2025
  • Request Tour
  • Request Info
  • SQFT • 3,978

Home Details

PRIME INVESTMENT OPPORTUNITY - REALIZE IMMEDIATE INCOME UPSIDE OF 5.7-6% 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!
Presented By: Compass; (808) 825-4277

Interior Features for 404 Magellan Avenue

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NYes
FlooringOther
Total Stories3

General for 404 Magellan Avenue

AttributionContact(808) 825-4277
Building NameNa
Business TypeCondominium, Residential
CityHonolulu
Community FeaturesNone
Construction MaterialsBlock, Concrete, Wood Frame
CoolingOther, 1 Unit
CountyOahu
DisclosuresSeller Disclosure
IslandOahu
Land TenureFeeSimple
Lease TypeSee Remarks
LevelsThree Or More
MLS AreaMetro
ModificationTimestamp2026-03-04T22:59:39.240-00:00
Net Operating Income102967
Number Of Units Total9
Operating Expense22313
PostalCityHonolulu
Property ConditionAverage Condition
Property SubtypeIndustrial
Property TypeCommercial Sale
SewerConnected
Standard StatusActive
StatusActive
Stories Count3
Subdivision NamePUNCHBOWL-LOWER
Tax Annual Amount4413.12
Tax Assessed Value1260900
Tenant PaysElectricity, Gas, Other
Total Actual Rent10375
UtilitiesElectricity Available, Natural Gas Available, Other, Sewer Connected
Virtual TourClick here
Year Built1948
Zoning Description12 - A-2 Medium Density Apartme

Exterior for 404 Magellan Avenue

Building Area Total3978
Frontage TypeOther
Lot Size Area5376
Parking FeaturesAssigned, On Street
Total Parking9

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Vardit Hacmon

Real Estate Agent
Price $2,300,000
MLS#202521051
List Date 10/01/2025
Property Type Commercial
Phone 808.232.3453
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