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2319 Ala Wai Blvd, Honolulu, HI 96815

$8,000,000 Commercial for sale 10,692 sqft Neighborhood:  Waikiki
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.
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Details

1947 year built
Year Built
1947
Original list price
$8,000,000
Days on market
20
Price per sqft
$748/sqft
Address

2319 Ala Wai Blvd, Honolulu, HI, 96815

Frontage
Main Street, Other
Neighborhood
Waikiki
Land area
7,907 sqft / 0.182 acres
Total Interior Area
10,692 sqft
City of Oahu
Honolulu
Region
Honolulu
Island
Oahu
Land tenure
FS - Fee Simple
Number of Units
21
Parking Spaces
10
Annual Expenses
143971
Net Operating Income
229725
Listed by
Hawaii Sands Realty
MLS #
202119790

Open Houses

No upcoming open houses

Monthly payment

Calculate your monthly payments
Mortgage
$26,502
Taxes
$1,241
HOA dues
$0
$27,743 per month
Mortgage
Down payment
$1,600,000 / 20%
Interest rate
2.86%
Loan type
30 years
Your amount $26,502 / month

Commute & accessibility

Coffee shops
3 mins walk
0.19 mi
Bus stop
3 mins walk
0.19 mi
Supermarket
3 mins walk
0.18 mi
Hospital
5 mins by car
2.72 mi
Park
3 mins by bike
0.67 mi
Beach
3 mins by bike
0.6 mi
Elementary school
4 mins by bike
0.85 mi
Middle school
5 mins by bike
0.97 mi
High school
6 mins by bike
1.17 mi
Local airport
16 mins by car
9.53 mi
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Amenities & Features

10 parking places, Other floors
Roof
Other
Property Condition
Average
Business Type
Condo/Apt
Construction/Exterior Finish
Concrete Block, Other, See Remarks
Air Conditioning
None
Loading
None
Floor Covering
Other
Income Information Source
Broker, Other
Expense Information Source
Broker
Easements
Sewer, Utility
Documents Available
Lease Documents, P&L, Title Search
Lessee/Tenant Pays
Electricity, Liability Ins, Other
Parking
Assigned, On Site, Street
Utilities Included
Gas, Light Electricity, Small Water Meter
Amenities
Other

Neighborhood: Waikiki

Average price $485.95k
Neighborhood average sales price*
$485.95k
Neighborhood median sales price*
$400k
Number or sales*
797
Street median sales price*
$455k
*last 6 months

Schools

15 schools with rating up to 9
School rating Distance
NR
Iolani School
563 Kamoku St, Honolulu, HI 96826
Elementary School
0.288mi
NR
Iolani School
563 Kamoku St, Honolulu, HI 96826
Middle School
0.288mi
NR
Iolani School
563 Kamoku St, Honolulu, HI 96826
High School
0.288mi
School rating Distance
NR
Iolani School
563 Kamoku St, Honolulu, HI 96826
0.288mi
4
out of 10
Ala Wai Elementary School
503 Kamoku St, Honolulu, HI 96826
0.354mi
6
out of 10
President Thomas Jefferson Elementary School
324 Kapahulu Ave, Honolulu, HI 96815
0.598mi
2
out of 10
Prince Jonah Kuhio Elementary School
2759 South King St, Honolulu, HI 96826
0.673mi
NR
Jefferson School Orthopedic Unit
324 Kapahulu Ave, Honolulu, HI 96815
0.689mi
School rating Distance
NR
Iolani School
563 Kamoku St, Honolulu, HI 96826
0.288mi
9
out of 10
Waikiki Elementary School
3710 Leahi Ave, Honolulu, HI 96815
0.719mi
NR
Hawaii School For The Deaf And Blind
3440 Leahi Ave, Honolulu, HI 96815
0.775mi
NR
Varsity International School
2617 South King St., 3-D, Honolulu, HI 96826
0.8mi
NR
Our Redeemer Lutheran School
2428 Wilder Avenue, Honolulu, HI 96822
1.072mi
School rating Distance
NR
Iolani School
563 Kamoku St, Honolulu, HI 96826
0.288mi
2
out of 10
Kaimuki High School
2705 Kaimuki Ave, Honolulu, HI 96816
0.669mi
NR
Hawaii School For The Deaf And Blind
3440 Leahi Ave, Honolulu, HI 96815
0.775mi
NR
Varsity International School
2617 South King St., 3-D, Honolulu, HI 96826
0.8mi
NR
Lutheran High School Of Hawaii
1404 University Avenue, Honolulu, HI 96822
1.083mi
Data provided by Greatschools.org

Price history

New Listing Sep 14, 2021
Date Event Price $/sqft Source
Sep 14, 2021 New Listing $8,000,000 $748.22 MLS #202119790
Sep 3, 2021 Coming Soon $8,000,000 $748.22 MLS #202119790
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Activity

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Tax details 2319 Ala Wai Blvd, Honolulu, HI, 96815

X2 - Apartment Precinct zoning / MLS #202119790
Current Property Taxes p/month
$1,241
Property Tax Year
2021
Assessed Improvement value
$1,571,900
Assessed Land value
$2,767,500
TMK
1-2-6-021-047-0000
Land Recorded
Dual Systems
Zoning
X2 - Apartment Precinct
Flood Zone
Zone AE
Total Assessed value
$4,339,400

Hawaii House tour report 2319 Ala Wai Blvd, Honolulu, HI, 96815

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Open floorplan
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Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.Listings last updated on 09-22-2021. Copyright 2021 by HiCentral Mls, Ltd. Listing courtesy of Hawaii Sands Realty. Some active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation. Hawaii House Inc. is a real estate brokerage firm licensed to conduct business in the State of Hawaii. Information deemed reliable, but not guaranteed.

Commercial for sale $8,000,000 2319 Ala Wai Blvd, Honolulu, HI, 96815 10,692 sqft Save House Remove from Saved