Waikiki Multi-Family

421 Seaside Avenue, Honolulu, Oahu 96815 Get Directions

CALL

 

Total SqFt
7,888
Lot Size Area
11,248 SqFt
Land Tenure
Fee Simple
MLS #
202224893
Request More Info

Overview

Incredible opportunity to acquire the Cooper Apartments in a prime location just off of Kuhio Avenue in Waikiki! The property is FEE SIMPLE and consists of a total of 15 units - a 3-story 11-unit apartment building, and two single-story buildings which each have two cottage units (4 units total) in the heart of Waikiki. The offering includes both TMKs: 1-2-6-21-57, and 1-2-6-21-58 which have a total of 11,248 square feet of APARTMENT zoned land. The property has a historic feel reminiscent of 1960s Waikiki and even has its own shaded courtyard area and secured parking. The apartment building has stucco construction and large units. Rents are below market which presents an excellent upside opportunity for a buyer. There is also secured parking with 4 covered stalls and another 2+ in a enclosed shed. NOTE: Income and expenses are PROFORMA - a buyer should conduct its own financial analysis of the property.

Property Details

Building Type
Apartments, Other
Construction Materials
Masonry/Stucco, Single Wall
Furnished
Partial
Location
Inside
Neighborhood
Waikiki
Net Operating Income
238918.00
Number Of Units Total
15
Parking Features
Covered, Open
Parking Total
6
Property Frontage
Other
Property Type
Multi-Family
Building SqFt
7,888
Total SqFt
7,888
Status
Active Under Contract
Stories
3
Total Actual Rent
$318,000
Total Annual Operating Expenses
$89,282
Total Income
$328,200
Year Built
1939

Additional Property Info

Disclosures
Call Listor
Days on Market
50
Elementary School
Jefferson
Flood Zone
Zone AE
High School
Kaimuki
Laundry Facilities
Coin, Dryer, Leased Equipment, Washer
Middle/Junior School
Washington
Property Condition
Above Average, Average
Roof
Tile
Tax Amount
$1,350
Tax Assessed Value
$4,627,800
Tax Assessed Value Improvements
$637,600
Tax Assessed Value Land
$3,990,200
Topography
Level
Utilities
Cable, Gas, Internet, Public Water, Underground Electricity, Water
Zoning
12 - A-2 Medium Density Apartme

Location (Also shows similar listings) Get Directions

Loading map...

Listing Courtesy of Standard Management LLC Courtesy of Clint B Crawford, Standard Management LLC.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright 2023 by HiCentral MLS, Ltd.

Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.