3427 Waialae Avenue
Market Price
3427 Waialae Avenue, Honolulu, HI 96816
For Sale
Multifamily
Active
Last Updated: 08/04/2025
3.88
Cap Rate
201,767
NOI
Details:
Cap Rate: 3.88%
NOI: $201,767
Building Size: 8,775 sqft
Lot Area: 11,000 sqft
Occupancy: 100%
Units: 17
Year Built: 1960
Zoning: B-2
Floors: 3
Parking Spots: 20
Highlights:
- Total Units: 17
- Unit Type: 12 One-Bed, 5 Comm-Retail
- Parking: 20
- Year Built: 1960
- 11,000sqft of Land
- 8,775sqft of Interior
Description:
RARE FIND in super desirable Waialae neighborhood with excellent opportunity to value add and increase rents
with 11,000sf B-2 zoned on TWO LOTS for flexible use. Convert comm to Resi and get use exemption to lower taxes, or convert Resi to office. Currently configured as 12 one beds with secure access and 5 comm units (2 units combine 2 spaces for 3 existing comm tenants, 1 unit used by owner for storage). All units separately metered for electric, one water meter, gas water heaters. Owned coin laundry. Resi AC owned by LL, maintained by tenants; comm AC owned and maintained by tenants. 10’ setback.
Location
Gallery
