Waikiki Multi-Family

2403 Ala Wai Boulevard, Honolulu, Oahu 96815 Get Directions

SOLD: $6,850,000

 

Total SqFt
14,992
Lot Size Area
10,205 SqFt
Land Tenure
Fee Simple
MLS #
1208533
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Overview

EXCELLENT revenue generating property. Centrally located in prime Waikiki neighborhood with Ala Wai and mountain views. Two buildings with 49 units. Corner lot. Larger building security and elevator. Ideal for Buyer replacement property in 1031 Exchange. Projected 2012 financial data. Cap rate 5.8%

Property Details

Building Type
Apartments
Sold Date
09/12/2013
Sold Price
$6,850,000
Construction Materials
Above Ground
Neighborhood
Waikiki
Net Operating Income
414057.00
Number Of Units Total
49
Parking Features
Assigned, Covered
Parking Total
14
Property Frontage
Other
Property Type
Multi-Family
Building SqFt
14,992
Total SqFt
14,992
Status
Sold
Stories
2
Total Actual Rent
$633,000
Total Annual Operating Expenses
$220,734
Total Income
$634,790
View
City, Garden, Golf Course, Marina/Canal, Mountain
Year Built
1970

Additional Property Info

Disclosures
Property Disclosure Stmt
Days on Market
413
Flood Zone
Zone AE
Laundry Facilities
Coin, Dryer, Other, Space, Washer
Property Condition
Average
Roof
Asphalt Shingle, Other, Pitch & Gravel
Tax Amount
$13,401
Tax Assessed Value
$3,828,800
Tax Assessed Value Improvements
$1,622,500
Tax Assessed Value Land
$2,206,300
Topography
Level
Utilities
Cable, Internet, Public Water, Sewer Fee, Telephone, Underground Electricity
Zoning
X2 - Apartment Precinct

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Listing Courtesy of Choi International Courtesy of Patricia Choi, Choi International.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright 2024 by HiCentral MLS, Ltd.

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