COMMERCIAL INVESTMENT STRATEGIES...TMK: 1-2-6-015-015-0000 Taxes/Mnthly: $492 Tax Assess Imp: $415,900 Terms Acceptable: Cash, Conventional Tax Year: 2016 Tax Assess Lnd: $1,271,900

COMMERCIAL INVESTMENT STRATEGIES

The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty, or repre-sentation about it. Buyer to confirm and consult with their tax, financial, legal advisors, architect, engineers, environmental consultants, zoning consultants, and other professionals and conduct its independent due diligence studies. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. Pictures are conceptual and not to scale and proportion. Commercial Investment Strategies represents Owner only.

1804 Poki StreetHonolulu, HI 96822Fee SimpleTMK: 1-2-4-023-018

Christina Low Dwight RB-20978Principal BrokerMobile: 808.429.1098Office: 808.596.2066E-mail: [email protected]

www.CommercialInvestmentStrategies.com

126 Queen St. #309, Honolulu, HI 96813

Location, Location, Location. In the much-desired Manoa neighborhood, one block from Punahou School, a short walk to UH Manoa = super stable tenant pool. Remodeled extensively in 2006 and 2016 means easy to rent units with little-to-no vacancy, and excellent income for you to reach your investment goals.

All units renovated, and rental rates are below market, so you can increase your cash flow--if you simply brought all units to the highest rental rates achieved ($1,250) you could increase your annual gross income to $210,000.

All units are individually metered for gas and electric, and tenants pay their own. Brand new on-demand hot water system. Lots of street parking. Bring your best offer today!

• 14 Studios• 6 Parking Stalls• 5,897 Square Feet of Apartment-zoned land

1804 Poki Street Rent Roll & Inc/Exp

Unit Rental Rate Expenses

A $995.00 Maintenance/Repairs

$4,000.00

B $1,195.00 Gas/Electric $5,063.00

C $1,200.00 Water $12,891.00

D $1,200.00 Laundry $1,935.00

E $1,085.00 RPT $5,098.00

F $1,160.00 GET $8,588.70 4.5%

G $1,095.00 Management $15,268.80 8%

H $1,075.00 Insurance (approx) $3,000.00 $250/mo

I $1,000.00 Trash $2,316.00

J $1,250.00

K $1,250.00 Total Expenses $58,160.50 30%

L $950.00

M $1,125.00 Net Operating Income

$132,699.50

N $1,150.00

Laundry $175.00 Asking Price $2,900,000.00

Gross Rental Income

$190,860.00

Cap Rate 4.58%

Prepared by:

Christina L. Dwight, RBroker, Owner RB-20978 SRS, SRESCommercial Investment Strategies808-429-1098126 Queen Street #309Honolulu, HI 96813www.CommercialInvestmentStrategies.com

1

1804 Poki Sales Comps

Address # Units Units Type Parking Date Sold Sales Price Price per Unit NOI Cap Rate

2902 Varsity 8 8 studios 8 6/8/17 $1,488,000 $186,000 $64,721 4.35%

1035 Nehoa 6 2 studios, 1 one, 2 twos, 1 three 6 8/25/17 $1,550,000 $258,333 $37,200 2.40%

436 Namahana 11 10 studios, 1 one 1 5/26/17 $1,970,000 $179,091 $75,079 3.81%

444 Kuamoo 16 15 ones, 1 studio 8 8/17/17 $4,300,000 $268,750 $189,190 4.40%

311 Saratoga 22 22 studios 5 5/26/17 $7,500,000 $340,909 NA NA

AVERAGE $246,617 AVERAGE 3.74%

Subject Property # Units Units Type Parking Date Listed

Sales Price

Price per Unit NOI Cap Rate

1804 Poki 14 14 studios 6 $2,900,000 $207,143 $132,700 4.58%

Prepared by:


1

Multi-Family Client Full1-2-8-025-013-0000 2902 Varsity Cir, Honolulu 96826

MLS#: 201702623 Region: Metro Bldg Nm:Status: Sold Nghbrhd: MOILIILI Fee Options:Lnd Tenure: FS - Fee Simple

Sold Price: $1,488,000List Price: $1,488,000

General Information DOM: 45Prop Type: Multi-Family Furnished: PartialProp Frnt: Other Year Built: 1954Prop Cond: Average Rmld Year: 1970# Stories: TwoBldg Type: ApartmentsEasements: None

Income Information Unit InformationMonthly Rent: $7,650 Ttl Park: 8 # Studio: 8Other Inc: $120 Bldg Sqft: 6,130 # 1 Bd: 0Ttl Ann Inc: $93,240 Ttl Sqft: 6,130 # 2 Bd: 0Ann Exp: $28,518 Land Sqft: 6,130 # 3+ Bd: 0Net Oper Inc: $64,721 Lot Acres: .141 # Comm:

# Ttl Units: 8

Exp Includes: Excise Tax, Insurance, Mgmt Fee, Other, Property Tax, RepairMaintenance, Sewer Fee

Tenant Pays: Cable TV, Electricity

Listing Date: 02/14/17Possession: At Closing, Subject To TenancyOffice: Commercial Inv. Strategies Corp Office Lic #: RB-21019

View: None Lnd Recorded: Land CourtZoning: 11 - A-1 Low Density Apartment Flood Zone: Zone X Sewer: ConnectedLocation: Cul-De-Sac, Inside Topography: LevelLot Desc: Flag Lot Set Backs: None

Pub Rmks: Surprisingly quiet, surrounded by greenery, and easy to rent studios with solid tenant pool: a stone's throwfrom UH, Manoa and directly across from an empty field maintained by the University, this apartment complexprovides a peaceful oasis in the heart of Honolulu. 8 studios, 8 parking spaces, poured concrete construction,coin laundry, separately metered for electric. All units have ceramic tile flooring, verdant views, and cul-de-sac location means private living with ultimate convenience in all directions. Value-add opportunity withdefinite upside on rents. Property sold As Is, where is. Excellent value, seasoned leases, and proven return.Do not disturb tenants or enter the property without notifying listing agent. Seller prefers First American Title,Jill Kauka.

Documents: Lease Documents, P&L, Survey, Title SearchDisclosures: 1031 Exchange

# Elevators: 0 Meters: Electric, Individual, WaterRoof: Composition Construction: ConcreteLaundry Fac: Coin, Dryer, Washer Guest Parking: NoneParking: OpenRec Facilities: NoneAmenities: NoneUtilities: Cable, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water

TMK: 1-2-8-025-013-0000Taxes/Mnthly: $322 Tax Assess Imp: $200,100 Terms Acceptable: Cash, Conventional, ExchangeTax Year: 2017 Tax Assess Lnd: $926,600 Spcl Sales Cond: None

Tax Assess Tot: $1,126,700

Sold Date: 06/08/17 CA Date: 03/30/17 Sold Price: $1,488,000 DOM: 45Buy Off: List Sotheby's Int'l RealtyConcessions: Buyer Finance: Conventional

©2014 HiCentral MLS, Ltd.®. All rights reserved. Information herein deemed reliable but not guaranteed. Generated on 09/13/2017 11:43:15 AM

©2017 HiCentral MLS, Ltd.®. All rights reserved. Information herein deemed reliable but not guaranteed.

Listing/Office Information

Additional Listing Information

Remarks

Features

Tax & Financial Information

Sold Information

1-2-4-030-065-0000 1035 Nehoa St, Honolulu 96822MLS#: 201708131 Region: Metro Bldg Nm:Status: Sold Nghbrhd: MAKIKI Fee Options:Lnd Tenure: FS - Fee Simple


General Information DOM: 75Prop Type: Multi-Family Furnished:Prop Frnt: Year Built: 1940Prop Cond: Above Average Rmld Year: 1956# Stories: ThreeBldg Type: Multi DwellingsEasements: Other

Income Information Unit InformationMonthly Rent: $6,662 Ttl Park: 6 # Studio: 2Other Inc: Bldg Sqft: # 1 Bd: 1Ttl Ann Inc: $79,945 Ttl Sqft: # 2 Bd: 2Ann Exp: $42,745 Land Sqft: 12,096 # 3+ Bd: 1Net Oper Inc: $37,200 Lot Acres: .278 # Comm:

# Ttl Units: 6

Exp Includes: Excise Tax, Insurance, Property Tax, Repair Maintenance,Sewer Fee

Listing Date: 04/18/17Possession: NegotiableOffice: CENTURY 21 Realty Specialists Corp Office Lic #: RB-08811Co-List Office: Bev's Realty

View: Garden Lnd Recorded: Land CourtZoning: 05 - R-5 Residential District Flood Zone: Zone X Sewer: ConnectedLocation: Corner Topography: Gentle SlopeLot Desc: Irregular Set Backs: C&C

Pub Rmks: Outstanding location! Great flexible investment! Live in one or more units and rent out the others.Disclosures: Property Disclosure Stmt

# Elevators: Meters: Electric, Gas, WaterRoof: Composition Construction: Above Ground, Concrete, Double Wall, Hollow Tile,Laundry Fac: Guest Parking: NoneParking: Covered, OpenAmenities: NoneUtilities: Cable, Gas, Internet, Overhead Electricity, Public Water, Water

TMK: 1-2-4-030-065-0000Taxes/Mnthly: $444 Tax Assess Imp: $355,600 Terms Acceptable: Cash, ConventionalTax Year: 2016 Tax Assess Lnd: $1,165,100 Spcl Sales Cond: None


Sold Date: 08/25/17 CA Date: 06/19/17 Sold Price: $1,550,000 DOM: 75Buy Off: List Sotheby's Int'l RealtyConcessions: Buyer Finance: Conventional





Remarks

Features


Sold Information

1-2-6-015-015-0000 436 Namahana St, Honolulu 96815MLS#: 201704422 Region: Metro Bldg Nm:Status: Sold Nghbrhd: WAIKIKI Fee Options:Lnd Tenure: FS - Fee Simple


General Information DOM: 6Prop Type: Multi-Family Furnished: NoneProp Frnt: Year Built: 1937Prop Cond: Average Rmld Year: 1965# Stories: Two, ThreeBldg Type: ApartmentsEasements: None

Income Information Unit InformationMonthly Rent: $10,275 Ttl Park: 1 # Studio: 10Other Inc: Bldg Sqft: 3,632 # 1 Bd: 1Ttl Ann Inc: $123,300 Ttl Sqft: 3,632 # 2 Bd: 0Ann Exp: $48,221 Land Sqft: 4,500 # 3+ Bd: 0Net Oper Inc: $75,079 Lot Acres: .103 # Comm:

# Ttl Units: 11

Exp Includes: Excise Tax, Insurance, Mgmt Fee, Property Tax, RepairMaintenance, Sewer Fee

Tenant Pays: Cable TV, Electricity

Prop Mng Co: Dower Realty Inc.Prop Mng Co#: (808) 735-8838

Listing Date: 03/01/17Possession: At ClosingOffice: Coldwell Banker Pacific Prop. Corp Office Lic #: RB-16781-2

View: None Lnd Recorded: Dual SystemsZoning: X2 - Apartment Precinct Flood Zone: Zone AO Sewer: ConnectedLocation: Inside Topography: LevelLot Desc: Clear Set Backs: C&C

Pub Rmks: Well-maintained concrete Walk-up Building with 11 total units comprised of (10) studio units and one (1)bedroom unit in the Heart of Waikiki. This centrally located property offers a very convenient location withinwalking distance to Central Waikiki, the beach, McCully, Bus Routes and Ala Wai Blvd. Property has a solid,documented history as a reliable rental property. This income producer consists of (2) buildings including a1930's Charmer fronting Namahana St. with a fenced and gated common garden area. Apartment Zoning *Waikiki Special District. Exact floor plan and square footage may not match tax records.

Disclosures: Non Resident Owner

# Elevators: Meters: Electric, WaterRoof: Other Construction: Concrete, Masonry/StuccoLaundry Fac: None Guest Parking: NoneParking: NoneRec Facilities: NoneAmenities: NoneUtilities: Cable, Internet, Overhead Electricity, Public Water, Telephone, Water

TMK: 1-2-6-015-015-0000Taxes/Mnthly: $492 Tax Assess Imp: $415,900 Terms Acceptable: Cash, ConventionalTax Year: 2016 Tax Assess Lnd: $1,271,900 Spcl Sales Cond: None


Sold Date: 05/26/17 CA Date: 03/20/17 Sold Price: $1,970,000 DOM: 6Buy Off: List Sotheby's Int'l RealtyConcessions: Buyer Finance: Cash





Remarks

Features


Sold Information

1-2-6-015-039-0000 444 Kuamoo St, Honolulu 96815MLS#: 201706749 Region: Metro Bldg Nm:Status: Sold Nghbrhd: WAIKIKI Fee Options:Lnd Tenure: FS - Fee Simple


General Information DOM: 69Prop Type: Multi-Family Furnished: PartialProp Frnt: Year Built: 1966Prop Cond: Excellent Rmld Year: 2016# Stories: 4-7Bldg Type: ApartmentsEasements: Electric

Income Information Unit InformationMonthly Rent: $18,850 Ttl Park: 8 # Studio: 1Other Inc: $455 Bldg Sqft: 8,100 # 1 Bd: 15Ttl Ann Inc: $231,540 Ttl Sqft: 8,100 # 2 Bd: 0Ann Exp: $42,347 Land Sqft: 4,500 # 3+ Bd: 0Net Oper Inc: $189,192 Lot Acres: .103 # Comm: 0

# Ttl Units: 16

Exp Includes: Excise Tax, Insurance, Mgmt Fee, Other, Property Tax, RepairMaintenance, Sewer Fee

Tenant Pays: Cable TV, Electricity, Parking

Prop Mng Co: Self Managed

Listing Date: 04/06/17Possession: At Closing, Subject To TenancyOffice: Commercial Inv. Strategies Corp Office Lic #: RB-21019

View: City Lnd Recorded: Land CourtZoning: X2 - Apartment Precinct Flood Zone: Zone AO Sewer: ConnectedLocation: Inside Topography: LevelLot Desc: Clear Set Backs: None

Pub Rmks: Waikiki walk-up on a picturesque, tree-lined street with a residential feel. Super solid tenant pool anddesirable hollow tile construction. Building has been beautifully renovated and maintained by owner insideand out! EZ access to Fort Derusy, on the Ala Wai side of Kuhio/Kalakaua. 15 ones, 1 studio, and 8 parkingspaces. All ones have HUGE walk-in closets, full bath (with tubs), and each unit has its own half water heater.Tenants pay electric, parking, coin laundry.

Documents: Lease Documents, P&L, Title SearchDisclosures: 1031 Exchange, Non Resident Owner

# Elevators: 0 Meters: Electric, Individual, WaterRoof: Other Construction: Hollow TileLaundry Fac: Coin Guest Parking: <10 SpacesParking: AssignedRec Facilities: NoneAmenities: NoneUtilities: Cable, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone

TMK: 1-2-6-015-039-0000Taxes/Mnthly: $610 Tax Assess Imp: $818,600 Terms Acceptable: Cash, Conventional, ExchangeTax Year: 2016 Tax Assess Lnd: $1,271,900 Spcl Sales Cond: None


Sold Date: 08/17/17 CA Date: 06/14/17 Sold Price: $4,300,000 DOM: 69Buy Off: List Sotheby's Int'l RealtyConcessions: Buyer Finance: Cash





Remarks

Features


Sold Information

1-2-6-003-046-0000 311 Saratoga Rd, Honolulu 96815MLS#: 201700903 Region: Metro Bldg Nm:Status: Sold Nghbrhd: WAIKIKI Fee Options:Lnd Tenure: FS - Fee Simple


General Information DOM: 0Prop Type: Multi-Family Furnished: PartialProp Frnt: Other Year Built: 1968Prop Cond: Average Rmld Year:# Stories: ThreeBldg Type: Apartments, OtherEasements: Electric

Income Information Unit InformationMonthly Rent: Ttl Park: 5 # Studio: 21Other Inc: Bldg Sqft: 7,980 # 1 Bd: 0Ttl Ann Inc: Ttl Sqft: 7,980 # 2 Bd: 0Ann Exp: Land Sqft: 5,816 # 3+ Bd: 0Net Oper Inc: Lot Acres: .134 # Comm:

# Ttl Units: 22

Exp Includes: Property Tax, Sewer FeeTenant Pays: None

Listing Date: 01/13/17Possession: At ClosingOffice: Ann Pacific Realty, Inc. Corp Office Lic #: RB-16710

View: City Lnd Recorded: Land CourtZoning: X6 - Resort Hotel Precinct Flood Zone: Zone AE Sewer: ConnectedLocation: Other Topography: LevelLot Desc: Clear Set Backs: C&C

Disclosures: 1031 Exchange, Call Listor

# Elevators: Meters: Electric, Gas, WaterRoof: Asphalt Shingle, Other Construction: Above Ground, Brick, Concrete, Double Wall, HollowLaundry Fac: Dryer, Washer Guest Parking: NoneParking: Assigned, CoveredRec Facilities: NoneAmenities: A/C, OtherUtilities: Cable, Gas, Internet, Public Water, Sewer Fee, Telephone

TMK: 1-2-6-003-046-0000Taxes/Mnthly: $1 Tax Assess Imp: $358,300 Terms Acceptable: CashTax Year: 2015 Tax Assess Lnd: $2,157,700 Spcl Sales Cond: None


Sold Date: 05/26/17 CA Date: 01/13/17 Sold Price: $7,500,000 DOM: 0Buy Off: Aska Estate Hawaii Inc.Concessions: Buyer Finance: Cash



Christina Dwight | Commercial Inv. Strategies | (808) 429-1098



Remarks

Features


Sold Information

1804 Poki Rental Comps

Address Type Rental Rate Parking? Laundry? SF?

1043 Spencer Studio $1,180.00 none Coin 300

1244 Nehoa Studio $1,200.00 1 Coin NA

1721 Pensacola Studio $1,000.00 none Coin 295

Lanihuli Studio $1,295.00 none Coin NA

AVERAGE $1,168.75

Prepared by:


1

CL

0BR / 1Ba available nowcats are OK - purrr

dogs are OK - wooof

furnished

apartment

laundry in bldg

street parking

$1180 Cute Studio- Lot's window, Makiki, (1043 Spencer st #27)

Spencer St. at Wilder ave

hawaii > oahu > housing > apts/housing for rent

QR Code Link to This PostCute studio apartment - beautiful surroundings Lots windows make place cool.Convenient location . Pet's ok. Beautiful old place, Lot's greenery. Niceneighbor . Walk up apartment. 2nd floor. utility ( water, sewer, gas ) is included.Electricity for light and cooking is paid by tenant.

Call Susan--737-8082Dog ok and- cat's OK. Banny, Bird.

Posted 4 days ago on: 2017-09-09 10:58am

Contact Information:

CL

0BR / 1Ba available nowapartment

laundry on site

no smoking

carport

$1200 STUDIO FOR RENT (Makiki/Tantalus)

1244 Nehoa St.


QR Code Link to This PostStudio for rent in Makiki/Tantalus area, utilities included, coin washer/dryer,and parking too. For non-drivers there is a bus stop right in front of house. Located nearRoosevelt High School. NO Pets or Smokers For more information and appointment to see, call: 538-6585.

Posted about a month ago on: 2017-08-12 3:00pm


CL

available nowapartment

laundry on site

street parking

1721 Pensacola St.

$1000 Makiki Studio near School, Busline,View, Breezy (AVAIL NOW!)(Makiki)


image 1 of 10

QR Code Link to This PostMakiki Studio near School, Busline, View, Breezy (AVAILABLE NOW!)

$1,000.00 - Studio and 1 bath (No application Fee!)

Address: 1721 Pensacola St. Hon. HI 96822

Breezy...this apartment is in a great central location across of Roosevelt High,Stevenson Middle and Lincoln Elementary Schools, shopping, and freeway on& off ramps are nearby.

• Studio & 1 bath• 295 sq. ft• Conveniently located near University of Hawaii on busline.• Built in dresser/drawers• Carpet and tiled floors• Clean breezy unit with views and greenery surroundings• Partly furnished (Refrig/freezer, Electric range/oven)• Community coin operated laundry

Posted 2 months ago on: 2017-07-21 11:30am


CL

0BR / 1Ba available sep 15

furnished

apartment

laundry in bldg

no smoking

off-street parking

Lanihuli Dr at McKinley

$1295 ***FULLY Furnished Quiet Studio, All Utils Included, GreatLocation (Manoa near UH)


image 1 of 9

QR Code Link to This PostGreat Location, very quiet, Tropical-Furnished studio APARTMENT for a quiteperson...2 Blocks to UH Manoa. Cool mountain breezes year around, pvt gardenentry, Coin-op laundry in building. . . Quite Smoke free building, street parkingavailable....University Hawaii Manoa Campus and H-1 freeway entrance andBus stops are near bye... cable T.V. Included...... Internet access Available withHawaiian Tel... Come join our community and enjoy the best of the best livinghere in the Manoa Valley, here in Honolulu Hawaii.

ONE YEAR LEASE available, $1295 and up, per month, Plus Tax, (includes allUtilities).... Need to shop, join us for a free ride and entry to Sam's Club andCostco where we are members and feel you get best prices here in Honolulu.

Posted about a month ago on: 2017-08-02 8:28am
