HI > Honolulu > Punchbowl-Lower
Honolulu, HI 96813,404 Magellan AVE
Honolulu, HI 96813,404 Magellan AVE
Honolulu, HI 96813,404 Magellan AVE
Honolulu, HI 96813,404 Magellan AVE
Honolulu, HI 96813,404 Magellan AVE
Honolulu, HI 96813,404 Magellan AVE
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Listed by Compass
$ 2,850,000
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$ 2,850,000
Est. payment | /mo
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Key Details

Property Type Commercial

Sub Type Industrial

Listing Status Active

Purchase Type For Sale

Subdivision Punchbowl-Lower

MLS Listing ID 202521051

Construction Status Average Condition

HOA Y/N No

Year Built 1948

Annual Tax Amount $4,413

Property Sub-Type Industrial

Property Description

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!

Location

State HI

County Oahu

Area Metro

Building/Complex Name Na

Interior

Cooling Other, 1 Unit

Flooring Other

Fireplace No

Exterior

Parking Features Assigned, On Street

Community Features None

Utilities Available Electricity Available, Natural Gas Available, Other, Sewer Connected

Waterfront Description Other

Total Parking Spaces 9

Building

Story 3

Entry Level Three Or More

Sewer Connected

Level or Stories Three Or More

Construction Status Average Condition

Others

Tax ID 1-2-1-021-047-0000

Special Listing Condition None

Virtual Tour https://www.youtube.com/embed/k3y-dFPSqZo?si=WzIviUoBnByuC8Q-

Hawaii Central MLS (HiCentralMLS)
Catherine Pierce

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(808) 352-0231

cathy@rubyrlty.com

92-855 Opalipali Place, Kapolei, Hawaii, 96707, USA

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404 Magellan AVE