2827 B Waialae Avenue
Honolulu, HI 96826
$2,323,000
Price
13
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Description
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...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.
- Listed by Loren BA Graham • License #RB-20919 • eXp Realty • (808) 725-2794
- Listed by Asha Nestico • License #RS-85614 • eXp Realty • (808) 725-2794
Property Details for 2827 B Waialae Avenue
View
Garden, Marina/Canal, Mountain
Zoning12 - A-2 Medium Density Apartme
NeighbourhoodMOILIILI
Flood ZoneZone AE
Stories/LevelsTwo
Land TenureFS - Fee Simple
LISTING UPDATED: 11/01/2024 06:54 PM
Property Details for 2827 B Waialae Avenue
| Status | Active |
|---|---|
| MLS # | 202424671 |
| Days on Market | 21 |
| Taxes | $474 / month |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Multi-Family |
| Year Built | 1939 |
| Lot Size | 0.13 AC / 5,525 SF |
| County | Honolulu County |
Building Information for 2827 B Waialae Avenue
Stories-Residences6Year Built1939Building Size-Lot Size0.13 AC / 5,525 SF
Property Information for 2827 B Waialae Avenue
Summary
Location and General Information
- Topography: Level
- City: Honolulu
- County Or Parish: Oahu
- State Or Province: HI
- Location: Inside
Taxes and HOA Information
- Tax Amount: $474.10
- Tax Assessed Value: $1,625,500.00
- Tax Assessed Value Improvements: $304,000.00
- Tax Assessed Value Land: $1,321,500.00
- Tax Year: 2024
- Parcel Number: 1-2-7-028-042-0000
- HOA YN: No
Parking
- Parking Features: Assigned
- Parking Total: 6
- Other Parking Features: None
Property
Lot Information
- Property Frontage: Stream/Canal
- Property Sub Type: Multi-Family
- Property Type: Multi-Family
- Land Recorded: Dual Systems
- Lot Features: Other
- Lot Size Area: 5525.0
- Year Built: 1939
- Building Type: Multi Dwellings
Property and Assessments
- Photo Count: 22
- Property Condition: Above Average, Average
- Special Listing Conditions: None
- Disclosures: None
- Foreclosure: No
- Set Backs: None
- Supplement Count: 0
- TMK Area: 127
- TMK Condo Property Regime Number: 0
- TMK Division: 1
- TMK Parcel: 42
- TMKPLAT: 28
- TMK Section: 7
- TMK Zone: 2
Utilities
- Utilities: Overhead Electricity, Public Water, Sewer Fee, Telephone
- Sewer: Connected
- Utilities Meters: Electric, Water
Interior and Exterior Features
Exterior Features
- Amenities: ADA Accessible, Other, Storage
- Construction Materials: Concrete, Double Wall, Single Wall, Slab, Wood Frame
- Easements: Electric, Sewer
- Roof: Composition
Interior Features
- Laundry Facilities: Coin
Multi Family
Multi-Family Information
- Studio Units Number Of: 0
- Unit One Number Of Bed: 0
- Unit Three Number Of Bed: 1
- Unit Two Number Of Bed: 5
- Number Of Units Total: 6
Income & Expenses
- Total Annual Operating Expenses: $42,698.53
- Total Income: $106,800.00
- Expenses Include: Excise Tax, Insurance, Mgmt Fee, Other, Property Tax, Sewer Fee
- Net Operating Income: $64,101.47
- Other Income: $.00
Agent
Sale and Listing
- DOM: 1
- Listing Service: Full Service
- Management Company Name: Graham Properties
- Management Company Phone: 808-593-9394
- MLS: HI Central
- MLS Area Major: Metro
- Status: Active
- Public Remarks: 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.
- Possession: Immediate
Showing and Remarks
- Showing Instructions: Two Day Notice Reqd, Call Listor, Use ShowingTime
Rental
Rent Information
- Tenants Responsibilities Include: Electricity
- Total Actual Rent: $8,900.00
Property History for 2827 B Waialae Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 2827 B Waialae Avenue
This home is within Hawaii Department Of Education.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | K to 8 |
Rating | School | Distance |
|---|---|---|
Prince Jonah Kuhio Elementary School PublicPK to 5 | ||
President George Washington Middle School Public6 to 8 | ||
Kaimuki High School Public9 to 12 | ||
Voyager - A Public Charter School CharterK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.
Listing Courtesy of eXp Realty, Loren BA Graham, License #RB-20919; eXp Realty, Asha Nestico, License #RS-85614