2319 Ala Wai Boulevard, Honolulu, HI 96815
- $7,000,000
- Sold Price
- $7,000,000
- List Price
- $8,000,000
- Days on Market
- 57
- Closing Date
- Jan 25, 2022
- MLS#
- 202119790
- Status
- SOLD
- Type
- Commercial
- Building
- N/A
- Sq Ft Total
- 10692
- Land Area
- 7,907
- Land Tenure
- FS - Fee Simple
- Neighborhood
- Waikiki
Property Description
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.
Additional Information
- Island
- Oahu
- Stories Type
- 4-7
- Utilities
- Gas, Light Electricity, Small Water Meter
- Easements
- Sewer, Utility
- Parking Total
- 10
- Tenants Responsibilities Include
- Electricity, Liability Ins, Other
- Lot Size
- 7,907
- Construction Materials
- Concrete Block, Other, See Remarks
- Mls Area Major
- Metro
- Neighborhood
- Waikiki
- Frontage
- Main Street, Other
- Year Built
- 1947
- Tax Amount
- $1,241
- Building Name
- N/A
- Total Income
- 373726
- Sewer
- Connected
- Roof
- Other
- Parking Features
- Assigned, On Site, Street
- Amenities
- Other
- Total Annual Operating Expenses
- 143971
- Stories
- 4
- Assessed Total
- 4339400
- Assessed Improvement
- 1571900
- Assessed Land
- 2767500
- Zoning
- X2 - Apartment Precinct
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Listing courtesy of Hawaii Sands Realty. Selling Office: Real Estate Strategies, LLC.
Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2023 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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