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Multi-Family · Withdrawn · 4574 sqft · $1,850,000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 market388
  • 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
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 Nearby
-
Neighborhood - Moiliili
  • Neighborhood average sales price*$493.11k
  • Neighborhood median sales price*$365k
  • Number or sales*69
  • Street median sales price*$262.5k
Price history
Date Event Price $/sqft Source
2017-07-18 Withdrawn $1,850,000 $404.46 MLS 201624047
2016-09-28 New Listing $1,850,000 $404.46 MLS 201624047
2004-07-13 Sold $910,000 $198.95 Public Record
2004-04-21 In Escrow - still showing $975,000 $213.16 MLS 2312589
2003-09-30 New Listing $975,000 $213.16 MLS 2312589
2003-09-13 Expired $950,000 $207.70 MLS 2209718
2002-09-11 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
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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