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2517 Ala Wai Blvd, Honolulu, HI 96815

$4,500,000 Multi-Family Home for sale 6,259 sqft Neighborhood:  Waikiki
Waikiki Opportunity knocks! Amazing chance to buy a 19 unit apartment building on the Ala Wai canal with excellent cash flow and all units occupied with stable tenant base. Legally 16 units, but 19 existing. Nicely maintained interiors with good layouts w excellent functionality. Coin washer and dryer, resident manager, trash service. Shared driveway on Ewa side, some separate meters for electric, though owner pays 7 electric bills, gas, and water. Bill 7 opportunity to build with 37 units; plans and contacts available with accepted offer. No showings without accepted offer. Do not walk property nor disturb the tenants.
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Multi-family details

1942 year built
Year Built
1942
Year Remodeled
2021
Original list price
$4,500,000
Days on market
7
Building type
Apartments,Multi Dwellings
Price per sqft
$719/sqft
Address

2517 Ala Wai Blvd, Honolulu, HI, 96815

Frontage
Golf Course, Stream/Canal, Waterfront
Neighborhood
Waikiki
Land tenure
FS - Fee Simple
Land SqFt
7,476 sqft
View
Marina/Canal, Sunrise
Listed by
Commercial Inv. Strategies
MLS #
202219963
Virtual Tour
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Open Houses

No upcoming open houses

Monthly payment

Calculate your monthly payments
Mortgage
$22,260
Taxes
$818
HOA dues
$0
$23,078 per month
Mortgage
Down payment
$900,000 / 20%
Interest rate
6.29%
Loan type
30 years
Your amount $22,260 / month

Commute & accessibility

Coffee shops
7 mins walk
0.37 mi
Bus stop
4 mins walk
0.21 mi
Supermarket
5 mins walk
0.29 mi
Hospital
5 mins by car
2.33 mi
Park
4 mins walk
0.24 mi
Beach
7 mins walk
0.37 mi
Elementary school
5 mins walk
0.3 mi
Middle school
7 mins walk
0.41 mi
High school
7 mins walk
0.41 mi
Local airport
17 mins by car
9.92 mi
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Walkability

Walkability according to the National Walkability Index

Walkability according to the National Walkability Index

15.33 / 20
Most Walkable
15-20
10-15
5-10
1-5

Unit Information

19 total units
# of 1 Bd
3
# of 2 Bd
0
# of 3 Bd
0
Total Units
19

Amenities & Features

3 parking places
Stories
Two
Furnished
Partial
Roof
Asphalt Shingle, Composition
Construction
Wood Frame
Utilities
Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
Property Condition
Above Average
Parking
Assigned, Covered, Open
nr.of parking places
3
Amenities
Resident Manager

Income

Net Operating Income: $188,347
Total Actual Rent
$21,830
Total Annual Operating Expenses
$73,613
Total Income
$261,960
Net Operating Income
$188,347

Neighborhood: Waikiki

Average price $508.73k
Neighborhood average sales price*
$508.73k
Neighborhood median sales price*
$431.88k
Number or sales*
719
Street median sales price*
$429k
*last 6 months

Price history

New Listing Sep 23, 2022
Date Event Price $/sqft Source
Sep 23, 2022 New Listing $4,500,000 $718.96 MLS #202219963
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Activity

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Tax details 2517 Ala Wai Blvd, Honolulu, HI, 96815

X2 - Apartment Precinct zoning / MLS #202219963
Current Property Taxes p/month
$818
Property Tax Year
2022
Assessed Improvement value
$196,500
Assessed Land value
$2,616,600
TMK
1-2-6-025-041-0000
Land Recorded
Land Court
Zoning
X2 - Apartment Precinct
Flood Zone
Zone AE
Topography
Level
Location
Inside
Lot Description
Clear
Property Setbacks
None
Total Assessed value
$2,813,100

Hawaii House tour report 2517 Ala Wai Blvd, Honolulu, HI, 96815

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Stunning views
Ocean views
Open floorplan
Needs Work
Street noise
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Similar homes nearby 2517 Ala Wai Blvd, Honolulu, HI, 96815

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Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.Listings last updated on 09-29-2022. Copyright 2022 by HiCentral Mls, Ltd. Listing courtesy of Commercial Inv. Strategies. 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.

Multi-Family Home for sale $4,500,000 2517 Ala Wai Blvd, Honolulu, HI, 96815 6,259 sqft Save House Remove from Saved