3427 Waialae Ave
Honolulu, HI 96816

For Sale
Active
List Price
$4,895,000 (FS)
Property Type:
Single Family
Bedrooms:
12
Full Baths:
12
Half Baths:
0
Land Area (sf):
11,000
Living (sf):
8,775
Lanai (sf):
--
Other (sf):
--
Parking Stalls:
20 - 3 Car+
MLS #:
202517028
Island:
Oahu
Region:
Diamond Head
Neighborhood:
KAIMUKI
TMK:
1-3-2-004-011-0000
List Date:

REMARKS:

RARE FIND in super desirable Waialae neighborhood with excellent opportunity to value add and increase rents with 11, 000sf B-2 zoned on TWO LOTS for flexible use. Convert comm to Resi and get use exemption to lower taxes, or convert Resi to office. Currently configured as 12 one beds with secure access and 6 comm units (2 units combine 2 spaces for 3 existing comm tenants, 1 unit used by owner for storage). All units separately metered for electric, one water meter, gas water heaters. Owned coin laundry. Resi AC owned by LL, maintained by tenants; comm AC owned and maintained by tenants. 10’ setback.

PROPERTY INFORMATION:

Zoning:
32 - B-2 Community Business Dis
Furnished:
Partial
Year Built:
1960
Year Remodeled:
--

FINANCIAL INFORMATION:

Assd. Val. Land:
$2,650,000
Assd. Val. Imprv:
$980,000
Assd. Val. Total:
$3,630,000
Tax Year:
2025
Monthly Taxes:
$3,760
Home Exempt.:
$0

SCHOOLS:

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

OTHER PROPERTY FEATURES:

Frontage:
Other
View:
City, Diamond Head, Sunset
Pool:
None
Amenities:
None
Inclusions:
None
Security:
--
Assn. Fee Inclusions:
--
Other Fee Inclusions:
None
Lot Description:
Clear
Topography:
Level
Number of Stories:
Three+
Building Style:
Multiple Dwellings
Property Condition:
Above Average
Construction:
Hollow Tile
Roofing:
Other
Floor Covering:
Other
Disclosures:
1031 Exchange, Pets Allowed (Verify)
Possession:
At Closing, Subject to Rental Lease
Terms Accept.:
1031 Exchange, Cash, Conventional
Land Recorded:
Regular System
Exclusions:
--
Easements:
None
Set-Backs:
Of Record

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Wednesday, December 17, 2025.  Information is deemed reliable but not guaranteed.  Copyright: 2025 by HiCentral MLS, Ltd.  Listing courtesy of Commercial Inv. Strategies