For Sale: Sold

2319 Ala Wai Blvd
Honolulu, HI 96815

$7,000,000 (FS)
Sold Price
$8,000,000 (FS)
List Price
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
TMK:
1-2-6-021-047-0000
List Date:
Island:
Oahu
Region:
Metro Oahu
Neighborhood:
WAIKIKI

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:

Elementary School:
--
Middle School:
--
High School:
--

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