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Ala Moana Multi-Family Homes for sale

4 multi-family home for sale

Multi-Family Home
A rare opportunity for investors! This is a two-story apartment with 6 units, each containing two bedrooms with one bathroom. Walking distance to Wal Mart, restaurants, bus lines etc. History with great rental occupancy. One unit has been re-modeled with other units having great potential. This property will cater renters looking for an apartment-style living in urban areas like Ala Moana. This property will be sold 'AS-IS' and Buyer(s) are to do their own due diligence.
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Multi-Family Home
Yes, this is that great three-story building at the end of the circle you noticed when visiting the condominiums on Kahakai Drive. A quiet neighborhood with sidewalks, Kahakai is located along the tree-lined Ala Wai Canal bordering Waikiki, next to the Hawaii Convention Center. A convenient traffic light on Atkinson Drive leads to Ala Moana Shopping Center, Ala Moana Beach Park, and the Ala Wai Yacht Harbor. This concrete building has 33 individually- metered apartments (nine 1-bds and 24 studios), and 14 parking stalls, on 11,728 sqft of land zoned A-2. There's vinyl fencing, garden landscaping, and an on-site laundry room. Don't miss it!
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Multi-Family Home
INVESTMENT/DEVELOPMENT OPPORTUNITY. Subject improvements have deferred maintenance and will be sold ABSOLUTELY "AS IS, WHERE IS". All rentals at below market rents. NO FINANCIAL INFORMATION to be provided. Price includes 3 parcels totaling 12,825 sq. ft.: Parcel 26 - 7,382 sq. ft.; Parcel 28 - 3,691 sq. ft. and Parcel 46 - 1,752 sq. ft. (Roadway). Improvements total 4 two bedroom units; 1 three bedroom; and 2 four bedrooms for a total of seven units. See attached Improvement Measurements and building description. DO NOT enter property without an appointment. Please email request for showings and allow 48 hours notice to the tenants to show. Agent to be present for all showings. MUST FIND STREET PARKING WHEN ATTENDING SHOWINGS AS PARKING IS VERY LIMITED. NOTE: Assessed Valuation is for the 3 Parcels. RPT amount is for 2023. REMINDER: CEDAR STREET IS ONE WAY OFF OF SO. KING STREET - RUNNING MOUNTAIN (Mauka) to the OCEAN (Makai). Property is close to King Street.
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Active Under Contract
Multi-Family Home
18 CMU one-bedroom units near Ala Moana with 29 parking stalls! Proforma 5.6% cap rate at market rents. Average in-place rents are $1,183, far below market, and all tenants are month-to-month. Each unit is approx. 491 SF and in classic condition, allowing an investor the opportunity to add value by renovating units and increasing rents to market rates. The property consists of 18 one-bedroom/one-bathroom CMU units, each with a private lanai, and most with a sink and mauka views. The property has a large covered parking garage with 29 parking stalls and ingress/egress from Piikoi and Alder St. The secured laundry room has 2 landlord-owned coin-operated washers and dryers and has its own bathroom for tenant convenience. There is abundant landlord storage space on-site. Building is separately metered for electricity and boasts mature landscaping. Walking distance to Walmart and Ala Moana Shopping Center.
1 – 4 of 4 homes for sale
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Lifestyle & outdoors In Ala Moana

11 surf spots in this area

Type: surfing
Type: surfing
Type: surfing
When the big swells hit, this thick and mellow break appears.
Baby Haleiwa's
Type: surfing
Big Rights
Type: surfing
Type: surfing
Right and Left breaking waves - good at 2-4 four feet upwards.
The Wall
Type: body-surfing
Waikiki, Honolulu 1-5
Point Panic
Type: body-surfing
Kaka'ako, Honolulu 1-5 Dangerous rocks and reef bottom
Ala Moana Bowls
Type: surfing
Type: surfing
South Shore - Ala Moana Park
Type: surfing

15 parks in this area

Frank C. Judd Mini Park

Piikoi Street Mini Park

Thomas Square

Punahou Square

Makiki District Park

Cartwright Neighborhood Park

Sheridan Community Park

Makua Alii Senior Citizen's Center

McCully District Park

Ala Wai Promenade

Ala Wai Community Park

King Kalakaua Park

Paoa Place

Duke Paoa Kahanamoku Beach Park

Ala Moana Regional Park

5 beaches in this area

Duke Paoa Kahanamoku Beach Park

Ala Moana Beach

Magic Island lagoon

Unnamed beach

Duke Kahanamoku Lagoon Boardwalk

1 golf course in this area

Ala Wai Golf Course

Essentials in Ala Moana

Hospital is about 20 min walk
Supermarket is about 6 min walk
Farmers market is about 10 min walk
Airport is about 14 min drive
Costco is about 17 min drive
* distance is calculated by average per house. Some homes maybe closer to the essentials

Walkability in Ala Moana

16 / 20
Very walkable
Walkability according to the National Walkability Index

Hawaii House blog Insights about Ala Moana

Schools nearby Ala Moana

5 /10
King William Lunalilo Elementary School
810 Pumehana St, Honolulu, HI 96826
4 /10
Queen Kaahumanu Elementary School
1141 Kinau St, Honolulu, HI 96814
6 /10
President George Washington Middle School
1633 South King St, Honolulu, HI 96826
3 /10
President William Mckinley High School
1039 South King St, Honolulu, HI 96814
School ratings provided by © 2023. All rights reserved.

Living in Ala Moana Ala Moana is a neighborhood in the Honolulu district of Oahu.

Supermarkets are about 6 min walk, the nearest Hospital is about 20 min walk and the airport is about 14 min drive.

Ala Moana is very walkable.

There are 15 parks in this area, and 5 public beaches. Nearby lifestyles include surfing, body surfing and golf.

Housing Market Trends for Ala Moana

There are currently 110 real estate listings for sale in Ala Moana. This includes homes, condos, multi-family homes, and vacant land.
The average listing price in Ala Moana for condos is $1,142,351 and for homes is $3,423,887. The median sales price for Ala Moana over the last 90 days is $358,000, a -5% decrease of $22,750 year over year. If we break this down per property types we see that the median sales price for homes is $0 and for condos $358,000.
The number of sales in the last 60 days are 19. The average days Ala Moana properties stay on the market before being sold is 94 days.

Ala Moana is a neighborhood located in the
district on the island of

Average Listing Price Ala Moana for condos & homes

Median Sales Price Ala Moana for condos & homes

Number Of Sales Ala Moana for condos & homes

* information deemed reliable, but not guaranteed
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