Hawaii House
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2827 Waialae Ave, Honolulu, HI 96826

Multi-Family · Withdrawn · 4574 sqft · $1,850,000

Currently run as a 21 room boarding house with 1 detached studio, and 1 two-bedroom unit. Central location with stable tenant pool and easy rentability. Coin laundry, all copper pipes, and owned PV system. Actual income is $131,760 with 7 vacant rooms, so income potential is high. • Central, desirable location for UH Manoa students • Already set up as a boarding house, which is a permitted, allowable use. • CPB has reviewed the property, and will lend 70% at a great rate. • Monetize the parking spaces and buy your own coin laundry to further boost monthly income! See supplements for financials, historical use verification from the tax office, along with the permits package.
Details
  • Original list price$1,850,000
  • Days on market662
  • Building typeMulti Dwellings
  • Price per sqft$404/sqft
  • Address

    2827 Waialae Ave, Honolulu, HI, 96826

  • Year Built1946
  • FrontageStream/Canal
  • NeighborhoodMoiliili
  • Land tenureFS - Fee Simple
  • Land SqFt5702 sqft
  • ViewMarina/Canal
  • Listing provided courtesy ofChristina L Dwight, Commercial Inv. Strategies
Unit Information
  • # of 1 Bd0
  • # of 2 Bd2
  • # of 3 Bd1
  • Total Units23
Amenities & Features
  • StoriesTwo
  • FurnishedNegotiable
  • RoofAluminum/Steel
  • ConstructionHollow Tile, Wood Frame
  • UtilitiesGas, Overhead Electricity, Public Water, Telephone, Water
  • Property ConditionAverage
  • ParkingOpen
  • nr.of parking places5
  • AmenitiesNone, Secured Lobby
Income
  • Total Actual Rent$10,880
  • Total Annual Operating Expenses$24,934
  • Total Income$131,760
  • Net Operating Income$106,825
Schools
School ratingDistance
NR
Aikane O Hokulani
2940 Kamakini St, Honolulu, HI 96816
Elementary School
0.129mi
NR
St Louis School
3142 Waialae Avenue, Honolulu, HI 96816
Middle School
0.231mi
NR
St Louis School
3142 Waialae Avenue, Honolulu, HI 96816
High School
0.231mi
School ratingDistance
NR
Aikane O Hokulani
2940 Kamakini St, Honolulu, HI 96816
0.129mi
8
out of 10
Hokulani Elementary School
2940 Kamakini St, Honolulu, HI 96816
0.202mi
7
out of 10
Prince Jonah Kuhio Elementary School
2759 South King St, Honolulu, HI 96826
0.456mi
NR
St Patrick School
3320 Harding Avenue, Honolulu, HI 96816
0.536mi
8
out of 10
Aliiolani Elementary School
1240 7th Ave, Honolulu, HI 96816
0.539mi
School ratingDistance
NR
St Louis School
3142 Waialae Avenue, Honolulu, HI 96816
0.231mi
NR
St Patrick School
3320 Harding Avenue, Honolulu, HI 96816
0.536mi
NR
Varsity International School
2617 South King St., 3-D, Honolulu, HI 96826
0.596mi
NR
Iolani School
563 Kamoku St, Honolulu, HI 96826
0.78mi
NR
Our Redeemer Lutheran School
2428 Wilder Avenue, Honolulu, HI 96822
0.807mi
School ratingDistance
NR
St Louis School
3142 Waialae Avenue, Honolulu, HI 96816
0.231mi
2
out of 10
Kaimuki High School
2705 Kaimuki Ave, Honolulu, HI 96816
0.302mi
NR
Varsity International School
2617 South King St., 3-D, Honolulu, HI 96826
0.596mi
NR
Lutheran High School Of Hawaii
1404 University Avenue, Honolulu, HI 96822
0.747mi
NR
Iolani School
563 Kamoku St, Honolulu, HI 96826
0.78mi
Data provided by Greatschools.org
Neighborhood - Moiliili
  • Neighborhood average sales price*$721.78k
  • Neighborhood median sales price*$400k
  • Number or sales*79
  • Street median sales price*$1m
Price history
Date Event Price $/sqft Source
Jul 18, 2017 Withdrawn $1,850,000 $404.46 MLS 201624047
Sep 28, 2016 New Listing $1,850,000 $404.46 MLS 201624047
Jul 13, 2004 Sold $910,000 $198.95 Public Record
Apr 21, 2004 In Escrow - still showing $975,000 $213.16 MLS 2312589
Sep 30, 2003 New Listing $975,000 $213.16 MLS 2312589
Sep 13, 2003 Expired $950,000 $207.70 MLS 2209718
Sep 11, 2002 New Listing $950,000 $207.70 MLS 2209718
Taxes
  • Current Property Taxes p/month$324
  • Property Tax Year2016
  • Assessed Improvement value$198,700
  • Assessed Land value$912,300
  • MLS #201624047
  • TMK1-2-7-028-041-0000
  • Land RecordedLand Court
  • Zoning12 - A-2 M
  • TopographyLevel
  • LocationCorner
  • Lot DescriptionClear
  • Property SetbacksNone
  • Total Assessed value$1,111,000
Agent viewpoints   of 2827 Waialae Ave, Honolulu, HI, 96826
Stunning views
Ocean views
Open floorplan
Needs Work
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Hawaii House
Multi-Family Withdrawn $1,850,000 2827 Waialae Ave, Honolulu, HI, 96826 4574 sqft Remove from Saved Save House