2319 Ala Wai Blvd

2319 Ala Wai Blvd
Honolulu, HI 96815

For Sale

Sold

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:: September 03, 2021
Date Sold:: January 25, 2022

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.

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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:: --

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Tuesday, July 15, 2025. Information is deemed reliable but not guaranteed. Copyright: 2025 by HiCentral MLS, Ltd. Listing courtesy of Hawaii Sands Realty