SOLD 03/24/2023
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413 Seaside Ave, Honolulu, HI 96815
$6,250,000 $7,250,000
Commercial
sold
5,204 sqft
Neighborhood:
Waikiki
Sold 03/24/2023
$6,250,000 $7,250,000
14 min walk to Ala Wai Golf Course
6 min walk to Waikiki Beach
19 min walk to Ala Wai Golf Course
16 min walk to The Wall
7 min walk to Waikiki Beach Overview
About lifestyles
The Zigu Building is a beautiful historic two-story retail building with an art deco-Asian decorative design and features an exclusive courtyard. Formerly a part of the Cooper Apartments, the property was converted to a retail use several years ago to make use of its prime location just off of Kuhio Avenue in the heart of Waikiki. As a result of its unique design and rich history, the property was placed on the Hawaii historic registry in 2017.The offering includes both TMKs: 1-2-6-21-56, and 1-2-6-21-62 which have a total of 5,309 square feet of APARTMIX zoned land.
The property is 100% leased on a long-term lease through 2036 to Zetton, Inc. (publicly traded in Japan) which operates its Zigu restaurant here.
The tenant pays a net rent to the landlord who is only responsible for costs relating to the roof, structure, or exterior landscaping. In addition, the tenant pays monthly percentage rent based on its gross sales. This provides an investor with further potential upside, should the tenant’s sales increase.
Also available for sale is the neighboring Cooper Apartments (15 unit multifamily property) for a total of 16,557 sf of land area.
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Details
1939 year built
- Year Built 1939
- Original list price $7,250,000
- Days on market 108
- Price per sqft $1,201/sqft
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Address
413 Seaside Ave, Honolulu, HI, 96815
- Frontage Main Street
- Neighborhood Waikiki
- Land area 5,309 sqft / 0.122 acres
- Total Interior Area 5,204 sqft
- City of Oahu Honolulu
- Region Honolulu
- Island Oahu
- Land tenure FS - Fee Simple
- Net Operating Income 339032
Open Houses
No upcoming open houses
Monthly payment
Calculate your monthly payments
Mortgage
$31,867
Taxes
$4,664
HOA dues
$0
Mortgage
Down payment
$1,250,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$31,867 / month
Neighborhood: Waikiki
Nearby & commute
Walkability
Coffee shops
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no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
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no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
18.5 / 20
Most Walkable
►
18-20
Most Walkable
15-18
Very walkable
10-15
Somewhat walkable
1-10
Car dependent
Walkability according to the National Walkability Index
Amenities & Features
Other floors
Roof
Tile
Property Condition
Excellent
Business Type
Free Standing, Restaurant
Construction/Exterior Finish
Other
Air Conditioning
Other
Loading
None
Floor Covering
Other
Income Information Source
Owner
Expense Information Source
Owner
Easements
Driveway
Documents Available
Lease Documents, P&L, Survey, Title Search
Lessee/Tenant Pays
AC Maintenance, Common Area Maintenance, Electricity, Excise Tax, Fire Ins, Gas, Glass Ins, Janitorial/Trash Removal, Liability Ins, Other, Real Estate Taxes, Water
Parking
On Site
Utilities Included
Gas, Light Electricity, Small Water Meter
Amenities
None
Waikiki prices
No information about average prices in this area
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About Waikiki
Waikiki Condos & neighborhood info When it comes to finding a home in a lively, picturesque setting, it's hard to beat the allure of Waikiki condos. Situated along the stunning shores of Oahu, Waikiki is a bustling neighborhood in Honolulu that boasts Read more
Schools
15 schools with rating up to 7
| School rating | Distance | |
|---|---|---|
| out of 10 |
Ala Wai Elementary School
503 Kamoku St,
Honolulu, HI 96826
Elementary School
|
0.334mi |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
Middle School
|
0.337mi | |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
High School
|
0.337mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Ala Wai Elementary School
503 Kamoku St,
Honolulu, HI 96826
|
0.334mi |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.337mi | |
| out of 10 |
President Thomas Jefferson Elementary School
324 Kapahulu Ave,
Honolulu, HI 96815
|
0.657mi |
| out of 10 |
Prince Jonah Kuhio Elementary School
2759 South King St,
Honolulu, HI 96826
|
0.74mi |
|
Jefferson School Orthopedic Unit
324 Kapahulu Ave,
Honolulu, HI 96815
|
0.753mi |
| School rating | Distance | |
|---|---|---|
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.337mi | |
| out of 10 |
Waikiki Elementary School
3710 Leahi Ave,
Honolulu, HI 96815
|
0.78mi |
|
Varsity International School
2617 South King St., 3-D,
Honolulu, HI 96826
|
0.846mi | |
|
Hawaii School For The Deaf And Blind
3440 Leahi Ave,
Honolulu, HI 96815
|
0.853mi | |
|
Our Redeemer Lutheran School
2428 Wilder Avenue,
Honolulu, HI 96822
|
1.101mi |
| School rating | Distance | |
|---|---|---|
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.337mi | |
| out of 10 |
Kaimuki High School
2705 Kaimuki Ave,
Honolulu, HI 96816
|
0.764mi |
|
Varsity International School
2617 South King St., 3-D,
Honolulu, HI 96826
|
0.846mi | |
|
Hawaii School For The Deaf And Blind
3440 Leahi Ave,
Honolulu, HI 96815
|
0.853mi | |
|
Lutheran High School Of Hawaii
1404 University Avenue,
Honolulu, HI 96822
|
1.119mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Sold Mar 24, 2023
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Mar 24, 2023 | Sold | $6,250,000 | $1,201.00 | Public Record |
| Feb 2, 2023 | Active Under Contract | $7,250,000 | $1,393.16 | MLS #202225358 |
| Dec 7, 2022 | New Listing | $7,250,000 | $1,393.16 | MLS #202225358 |
Tax & MLS details 413 Seaside Ave, Honolulu, HI, 96815
AM - Apartment Mixed Use zoning / MLS #202225358
Current Property Taxes p/month
$4,664
Property Tax Year
2022
Assessed Improvement value
$362,600
Assessed Land value
$4,092,600
TMK
1-2-6-021-056-0000
Land Recorded
Land Court
Zoning
AM - Apartment Mixed Use
Flood Zone
Zone AE
Total Assessed value
$4,455,200
Listed by
Standard Management LLC
(808) 208-8107
(808) 208-8107
MLS #
202225358
Hawaii House tour report for this commercial
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Open floorplan
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Recently sold nearby 413 Seaside Ave in Waikiki
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Frequently asked questions for 413 Seaside Ave
What is 413 Seaside Ave?
413 Seaside Ave is a Commercial/Industrial
What is the rental income?
The net income is $339,032
*check with agent
What is the full address of this commercial?
413 Seaside Ave, Honolulu, HI, 96815.
What comparable properties are nearby?
Comparable nearby commercial properties include 1694 Kalakaua Ave, 846 S Hotel St unit 200, 810 Green St, 915 Kekaulike Street, 905 Kekaulike St, 96-1243 Waihona Street.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 by HiCentral Mls, Ltd. Listing courtesy of Standard Management LLC. 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.
Listings last updated on March 24, 2023.
Hawaii House Last checked less than a minute ago.
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