Honolulu, HI 96815,2319 Ala Wai BLVD
Listed by Hawaii Sands Realty
Bought with Real Estate Strategies, LLC
$7,000,000
Est. payment /mo
$8,000,000
12.5%
Est.Price: ?

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SOLD DATE : 01/25/2022

Key Details

Sold Price $7,000,000

Property Type Commercial

Sub Type Industrial

Listing Status Sold

Purchase Type For Sale

Subdivision Waikiki

MLS Listing ID 202119790

Sold Date 01/25/22

Construction Status Average Condition

HOA Y/N No

Year Built 1947

Annual Tax Amount $14,892

Property Description

The Ala Wai consists of two (2) multi-family buildings containing twenty-one (21) apartments, ten (10) parking stalls, and coin operated community laundry. Centrally located in Waikiki, the state’s most popular tourist destination, The Ala Wai is located on a highly traveled roadway with convenient access to amenities such as hotels, restaurants, shopping, entertainment, recreational areas and world famous Waikiki Beach.

The offering includes fee simple interest in both buildings together with 7,907 square feet of land zoned apartment precinct. With a stable long-term tenant mix, this is a relatively low-risk investment opportunity and priced accordingly with plenty of upside as rents have not been increased since March 2020 due to the Governor’s 21st Proclamation related to Covid-19.

Location

State HI

County Oahu

Community Other

Area Metro

Interior

Cooling None

Flooring Other

Fireplace No

Exterior

Garage Assigned, On Site, On Street

Community Features Other

Utilities Available Electricity Available, Natural Gas Available, Sewer Connected

Parking Type Assigned, On Site, On Street

Total Parking Spaces 10

Building

Story 4

Entry Level Three Or More

Sewer Connected

Level or Stories Three Or More

Construction Status Average Condition

Others

Tax ID 1-2-6-021-047-0000

Financing Conventional

Special Listing Condition None

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Hawaii Central MLS (HiCentralMLS)
Lex Ferguson

Agent | License ID: RS-78101

+1(808) 277-4715 | lex@lifeonoahu.com

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