2439 Ala Wai Blvd

2439 Ala Wai Blvd
Honolulu, HI 96815

For Sale

Sold

Sold Price

$4,250,000 (FS)

List Price

$4,988,000 (FS)

Property Type:: Multi-Family
Studio Units:: 13
1-Bed Units:: 4
2-Bed Units:: 0
3-Bed Units:: 0

Land Area (sf):: 4,654
Living (sf):: --
Lanai (sf):: --
Other (sf):: --

Parking Stalls:: 10 - Covered

MLS #:: 202220377
Island:: Oahu
Region:: Metro Oahu
Neighborhood:: WAIKIKI
TMK:: 1-2-6-024-091-0000

List Date:: September 28, 2022
Date Sold:: December 15, 2022

REMARKS:

Diamond in the Rough! This beautiful example of tropical modern architecture is a once-in-a-lifetime opportunity to polish up and restore, value-add to its full potential and charm. Rents WAY below market. One electric meter—owner pays this, gas, and water. Covered parking, all long-term tenants. Property in escrow before listing, so actively looking for a backup buyer. Do not walk the property nor disturb tenants. No showings until offer is accepted and your Buyer is in first position.

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PROPERTY INFORMATION:

Zoning:: X2 - Apartment Precinct
Furnished:: Partial

Year Built:: 1963
Year Remodeled:: --

FINANCIAL INFORMATION:

Assd. Val. Land:: $1,659,200
Assd. Val. Imprv:: $768,300
Assd. Val. Total:: $2,427,500

Tax Year:: 2022
Monthly Taxes:: $721
Home Exempt.:: --

SCHOOLS:

Elem. School:: --
Middle School:: --
High School:: --

OTHER PROPERTY FEATURES:

Frontage:: Stream/Canal
View:: Marina/Canal, Sunrise
Pool:: --
Amenities:: None
Inclusions:: --
Security:: --
Assn. Fee Inclusions:: --
Other Fee Inclusions:: --

Lot Description:: Clear
Topography:: Level
Number of Stories:: 4-7
Building Style:: --
Property Condition:: Needs Major Repair
Construction:: Masonry/Stucco
Roofing:: Custom/Specialty
Floor Covering:: --

Disclosures:: 1031 Exchange
Possession:: At Closing, Subject To Tenancy
Terms Accept.:: Cash, Conventional, Exchange
Land Recorded:: Land Court

Exclusions:: --
Easements:: Electric
Set-Backs:: None

Compensation*:: 2.25%

* 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 Tuesday, June 6, 2023. Information is deemed reliable but not guaranteed. Copyright: 2023 by HiCentral MLS, Ltd. Listing courtesy of Commercial Inv. Strategies