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2827-B Waialae Avenue

Honolulu, HI 96826

– beds
– baths
– sqft
5,525 sqft lot
1939 build
– on site

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.

Listing courtesy of HI_CENTRAL_MLS / eXp Realty

Last checked: Checking… • Last updated Nov 2, 2024 •

MLS# 202424671 —

The Building

Year Built:

1939
Construction Materials:

Concrete, Double Wall, Single Wall, Slab, Wood Frame
Building Type:

Multi Dwellings
Stories:

Two
Roof:

Composition
# of Units Total:

6

Financial & Terms

Financing:

Cash, Conventional, Other
Land Tenure:

FS - Fee Simple
Possession:

Immediate
Foreclosure:

No

Location

Location:

Inside

The Property

Parcel Number:

1-2-7-028-042-0000
Property Type:

Multi-Family
Property Subtype:

Multi-Family
Property Condition:

Above Average, Average
Property Frontage:

Stream/Canal
Lot Size Area:

5,525 Sqft
Lot Features:

Other
View:

Garden, Marina/Canal, Mountain
Topography:

Level
Zoning:

12 - A-2 Medium Density Apartme
Flood Zone:

Zone AE
Set Backs:

None
Easements:

Electric, Sewer

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Amount:

$474.10
Tax Assessed Value:

$1,625,500
Tax Assessed Value Land:

$1,321,500
Tax Assessed Value Improvements:

$304,000
Tax Annual Amount:

5689.20

The Listing

Land Recorded:

Dual Systems
Disclosures:

None

Utilities

Utilities:

Overhead Electricity, Public Water, Sewer Fee, Telephone
Utilities Meters:

Electric, Water
Sewer:

Connected

Appliances

Laundry Facilities:

Coin

The Community

Amenities:

ADA Accessible, Other, Storage
Neighbourhood:

MOILIILI

Parking

Parking Total:

6
Parking Features:

Assigned
Other Parking Features:

None

Extra Units

# of Two Bed Units:

5
# of Three Bed Units:

1

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Sale history

Date	Event	Source	Price	% Change
11/1/24 Nov 1, 2024	Listed / Active	HI_CENTRAL_MLS	$2,323,000

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This multifamily located in Mccully - Moiliili, Urban Honolulu, HI 96826 is currently for sale for $2,323,000. 2827-B Waialae Avenue is a – square foot multifamily with – beds and – baths that has been on Estately for 4 days. 2827-B Waialae Avenue is in the Mccully - Moiliili neighborhood of Urban Honolulu and has a WalkScore® of 88, making it very walkable.

Listing Provided Courtesy of eXp Realty

Disclaimer: 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.

The IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.

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.

This site was last updated on 11/05/2024. All properties are subject to prior sale, changes, or withdrawal.