2319 Ala Wai Boulevard, Honolulu, HI 96815

$8,000,000
List Price
$8,000,000
Days on Market
21
MLS#
202119790
Status
ACTIVE
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
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

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

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Calculator source: Real Geeks

Listing courtesy of Hawaii Sands Realty.

Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2021 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.