2319 Ala Wai Blvd
Honolulu, HI 96815
Sold Price
$7,000,000 (FS)
List Price
$8,000,000 (FS)
- Property Type:
- Commercial/Industrial
- Bedrooms:
- --
- Full Baths:
- --
- Half Baths:
- --
- Land Area (sf):
- 7,907
- Living (sf):
- --
- Lanai (sf):
- --
- Other (sf):
- --
- Parking Stalls:
- 10 - Assigned, On Site, Street
- MLS #:
- 202119790
- Island:
- Oahu
- Region:
- Metro Oahu
- Neighborhood:
- WAIKIKI
- TMK:
- 1-2-6-021-047-0000
- List Date:
- Date Sold:
REMARKS:
The Ala Wai consists of two (2) multi-family buildings containing twenty-one (21) apartments, ten (10) parking stalls, and coin operated community laundry. Centrally located in Waikiki, the state’s most popular tourist destination, The Ala Wai is located on a highly traveled roadway with convenient access to amenities such as hotels, restaurants, shopping, entertainment, recreational areas and world famous Waikiki Beach.
The offering includes fee simple interest in both buildings together with 7, 907 square feet of land zoned apartment precinct. With a stable long-term tenant mix, this is a relatively low-risk investment opportunity and priced accordingly with plenty of upside as rents have not been increased since March 2020 due to the Governor’s 21st Proclamation related to Covid-19.
PROPERTY INFORMATION:
- Zoning:
- X2 - Apartment Precinct
- Furnished:
- --
- Year Built:
- 1947
- Year Remodeled:
- --
FINANCIAL INFORMATION:
- Assd. Val. Land:
- $2,767,500
- Assd. Val. Imprv:
- $1,571,900
- Assd. Val. Total:
- $4,339,400
- Tax Year:
- 2021
- Monthly Taxes:
- $1,241
- Home Exempt.:
- --
SCHOOLS:
- Elem. School:
- --
- Middle School:
- --
- High School:
- --
OTHER PROPERTY FEATURES:
- Frontage:
- Main Street, Other
- View:
- --
- Pool:
- --
- Amenities:
- Other
- Inclusions:
- --
- Security:
- --
- Assn. Fee Inclusions:
- --
- Other Fee Inclusions:
- --
- Lot Description:
- --
- Topography:
- --
- Number of Stories:
- 4-7
- Building Style:
- --
- Property Condition:
- Average
- Construction:
- Concrete Block, Other, See Remarks
- Roofing:
- Other
- Floor Covering:
- Other
- Disclosures:
- None, See Remarks
- Possession:
- --
- Terms Accept.:
- Cash, Other
- Land Recorded:
- Dual Systems
- Exclusions:
- --
- Easements:
- Sewer, Utility
- Set-Backs:
- --
- Compensation*:
- 2.5
- Compensation Type:
- --
* The offer of compensation to cooperating brokers is made only to the Participants and MLS Subscribers of HICMLS or Participants and MLS Subscribers of other Reciprocating
Boards as set forth in that certain Multiple Listing Service Reciprocal Agreement, as amended from time to time, which is incorporated herein by reference.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Saturday, April 20, 2024. Information is deemed
reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of Hawaii Sands Realty