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2403 Ala Wai Boulevard Honolulu HI 96815 Metro Region Waikiki Neighborhood Detail View - 1 Multi-Family Properties Found

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List Date Minimum: 03-21-2008
MLS#: 2819624

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$6,988,000 - Waikiki - 2403 Ala Wai Boulevard - http://www.OahuRE.com/MLSNUM2819624P3

Mobile Link: $6,988,000 - Waikiki - 2403 Ala Wai Boulevard - http://www.OahuRE.com/mobile/MLSNUM2819624P3

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MLS#:
2819624
Total Units:
49
Address:
 2403 Ala Wai Boulevard Honolulu HI 96815
Status:
 Expired Status Color Guide
Sq. Ft. Int.
11,140
Region:
 Metro, Activity, Street Activity
Price:
 $6,988,000 $41,928 We Save You
Land:
 10,205
Neighborhood:
 Waikiki, Activity, Statistics
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Original:
 $7,300,000
Days:
 347 List Date: 12-22-2008 $15,406 Year: 2009
Change:
 $-312,000   -4.27%
Year Built:
 1970 Remodeled:
Land:
 FS - Fee Simple
1-2-6-024-076-0000
View:
 City, Garden, Golf Course, Marina/canal, Mountain
Condition:
 Average
 
Description:
 Excellent revenue generating property. Centrally located in prime Waikiki neighborhood with Ala Wai and mountain views. Two buildings with 49 units; corner lot. 9 units built in 1942. Ideal for Buyer replacement property in 1031 Exchange. Offered together with TMK: (1)2-6-24-94.
 
Amenities:
 None Construction: Above Ground, Concrete, Hollowtile, Masonry/stucco, Singlewall, Wood Frame Disclosures: Property Disclosure Stmt, See Remarks Land Recorded: Land Court Possession: Close Of Escrow Terms: Cash, Conventional Listing Courtesy: Choi International
 
Sold Price:
 $0
Land:
 $2,926,700
Studios:
 35
Closed:
Improvements:
 $1,577,900
1 Bed:
14
Ratio:
 0%
Assessed Total:
 $4,504,600
2 Bed:
0
Concession: $0
Assessed Ratio:
155.13%
3 Bed:
0
 
   
Zoning:
 X2 - Apartment Precinct
Number of Parking:
 17
   
Average Sq Ft Land:
 $684.76
Parking Tenant:
Assigned, Covered
   
Acres:
 0.2343
Parking Guest:
None
 
Sewer:
 Connected
Meters:
 Electric, Gas, Water
Rental Income:
 $573,900
Laundry:
 Coin, Dryer, Other, Space, Washer
Lessee Pays:
Cable TV, Electric, Parking
Income Other:
$0
Roofing:
 Asphalt Shingle, Other, Pitch & Gravel
Elevators:
 One
Income Total:
$573,900
Set-Backs:
 C&c, Of Record
Recreation Facility:
None
Annual Expenses:
 $171,361
Easements:
 Other
Building Type:
Apartments
Expenses Include:
Excise Tax, Insurance, Other, Property Tax, Repair Maintenance, Sewer Fee
Frontage:
 Other
Estimated CAP Rate:
5.76%
Income Net:
$402,539
 
Nearby
 Neighborhoods: Mccully, Kapiolani, Kapahulu
Links:
 Map, Schools, Hospitals, Restaurants, Gyms, Tax, Parcel, Permits, Tax Map, Sex Offender, Census, Yelp Reviews, Local Schools, Zillow
Commuting:
 Waikiki, Downtown, Ala Moana, Airport, Kapolei, Hawaii Kai, Kailua Town, Windward Mall, Waikele, North Shore
  Barbers Point, Camp Smith, Fort Shafter, Hickam, Lualualei, K-Bay Marine, Pearl Harbor, Schofield, Trippler, Wheeler
 
Estimated Closing Cost for Buyer: Escrow: $3,304, Title Insurance: $3,972, Lender Title Insurance: $250, Lender Fee: $595, 1 Point on Loan (assumes 10% down): $62,892, Appraisal: $650, Home Inspection: $495, Closing Reserve: $350, Taxes: $7,703, Other Fees: $200, Total Estimated Closing Costs: $80,411 less OahuRE Rebate $41,928 = $38,483
 
Estimated Closing Cost for Seller: 4.5% Commission: $314,460, Escrow: $3,304, Title Insurance: $5,958, Conveyance Tax: $62,892, Survey: $1,000, Termite Inspection: $600, Other Fees: $50, Total Estimated Closing Costs: $388,264
 

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Estimated Monthly Payment 30 Year Fixed Rate Mortgage

Rate:
 4.25% 4.50% 4.75% 5.00% 5.25% 5.50% 5.75% 6.00%
0% Down
$34,376.76$35,407.17$36,452.72$37,513.10$38,587.99$39,677.10$40,780.07$41,896.59
3.5% Down
$33,173.57$34,167.92$35,176.87$36,200.14$37,237.41$38,288.40$39,352.77$40,430.21
10% Down
$30,939.08$31,866.45$32,807.44$33,761.79$34,729.20$35,709.39$36,702.06$37,706.93
20% Down
$27,501.41$28,325.74$29,162.17$30,010.48$30,870.40$31,741.68$32,624.06$33,517.27

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History for this MLS#: 2819624

Date Field Name Old Value New Value
December 22, 2008, 1:46 pm Status Not Listed Active
January 26, 2009, 12:48 pm Price $7,300,000 $6,988,000
December 4, 2009, 12:01 am Status Active Expired

History of other MLS#'s for this property since January 2004:

List Date MLS# TMK Status Days Original Price Sold
December 21, 2009 1-2-6-024-076-0000 Active 19 $6,988,000 $6,988,000 $0
June 2, 2005 1-2-6-024-076-0000 WITHDRAWN 167 $4,950,000 $4,950,000 $0

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$6,988,000 - 2403 Ala Wai Boulevard - http://www.OahuRE.com/MLSNUM2819624P3

Mobile Link: $6,988,000 - 2403 Ala Wai Boulevard - http://www.OahuRE.com/mobile/MLSNUM2819624P3

History of Sales from Honolulu Property Tax


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Averages for 1 Expired Listings
Days on Market:
 347
Assessed Improvements:
 $1,577,900
List Price:
 $6,988,000
Assessed Land:
 $2,926,700
Sold Price / Ratio:
 $0 / 0.00%
Assessed Value:
 $4,504,600
Land:
 10,205
Assessed Ratio:
 155.13%
Interior:
 0
Tax:
 $15,406
Year Built:
 1970
Beds:
 0
Average Land:
 $685
Average Interior:
 $0


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Information is based on data available to the associate, including county records. The information has not been verified by the associate and should be verified by the buyer.

Based on the information from the Multiple Listing Service of the Honolulu Board of REALTORS® active listings last updated on 03.21.10. Information is deemed reliable but not guaranteed. Copyright: 2007 by the Honolulu Board of REALTORS®.

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