Moiliili Multi Family

Overview

Located near UH, bus stops, and a freeway entrance, this fully occupied multi-family property at 2827B Waialae Ave presents an excellent investment opportunity. It includes five 2-bedroom apartments ideal for student rentals, plus a spacious 3-bedroom unit perfect for owner occupancy or additional rental income. Equipped with Ring Spotlight cameras, the property offers added security and peace of mind for tenants. The listing price is $2,323,000, based on the 2018 purchase price, adjusted for property taxes and six years of compounded loan interest. Interest rates were applied at 4% for the first two years, 5% for the next two, and 6% for the final two years, adding $589,205.79 to the original purchase price of $1,733,710.08. This property is a rare opportunity for rental income and growth potential in an ideal location.

Property Details

Amenities: ADA Accessible, Other, Storage
Building Type: Multi Dwellings
Construction Materials: Concrete, Double Wall, Single Wall, Slab, Wood Frame
Location: Inside
Neighborhood: Moiliili
Net Operating Income: 64101.47
Number Of Units Total: 6
Parking Features: Assigned
Parking Total: 6
Property Frontage: Stream/Canal
Property Type: Residential Income
Status: Active
Total Actual Rent: $8,900
Total Annual Operating Expenses: $42,699
Total Income: $106,800
View: Canal, Garden, Mountain(s)
Year Built: 1939

Additional Property Info

Flood Zone: Zone AE
Laundry Facilities: Coin
Property Condition: Above Average, Average
Roof: Composition
Tax Amount: $474
Tax Assessed Value: $1,625,500
Tax Assessed Value Improvements: $304,000
Tax Assessed Value Land: $1,321,500
Topography: Level
Utilities: Overhead Electricity, Public Water, Sewer Fee, Telephone
Zoning: 12 - A-2 Medium Density Apartme

Location (Also shows similar listings) Get Directions

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Courtesy of Loren BA Graham, eXp Realty.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright 2025 by HiCentral MLS, Ltd.

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Moiliili Multi Family

2827-b Waialae Avenue, Honolulu, Oahu 96826 Get Directions

$2,323,000