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2989 Ala Ilima Street

$4,500,000

2989 Ala Ilima Street, Honolulu, HI 96818

Active
Last Updated: 03/24/2025

173,010

NOI

13,824 sqft

Building Size

Details:
NOI:    $173,010
Building Size:    13,824 sqft
Lot Area:    10,000 sqft
Occupancy:    100%
Units:    16
Year Built:    1969
Zoning:    A-2
Floors:    4
Parking Spots:    16
Number of Elevators:    1
Highlights:
  • Total Units: 16 units: 4 one bedrooms, 12 two bedrooms
  • Total Parking: 16 parking with 5 tandem stalls for 21 stalls total
  • Interior SQFT: 13,824
  • Land SQFT: 10,000
  • Zoning: A-2
Description:

COMMERCIAL LISTING. RARE FIND in Salt Lake. Owners never thought they'd sell, so took care of the building like they'd keep it forever with lease rents WAY below market. Easy opportunity to 'manage up.' Beautifully maintained building with an elevator and 16 units: 4 ones, 12 twos, and 16 parking with 5 tandem stalls for 21 stalls total (most are covered w/extra charge for usage). Easy to rent units with cool mountain breezes in a desirable neighborhood. Hollow tile construction, simple & clean interiors in excellent condition. All units separately metered for electricity and one water meter.

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