| Rebate | 20% Buyer's Rebate | $3,500 Flat Fee Selling | 2% Full Service Selling |
|---|---|
| Description | Over 4.5% CAP RATE !!! Next to Hawaii Convention Center & entrance to Waikiki. Rents are below market which provides lucky investor an opportunity to greatly increase cash flow. Bldg 100% occupied, currently zero vacancies. Great revenue-earning property for investment. All concrete building-super quiet for tenants, well-kept exterior and landscaping, excellent condition. 33-unit building has 15 rentable stalls for parking. Units individually metered for electricity. Laundry facility conveniently in building. Highly desirable rental units due to central location. Across the street from Ala Moana Shopping Center. Short walk to stores, grocery, beaches and bus stops. Bike/Walk friendly area. |
| Status | Sold since 05-16-2021 |
| MLS# | 202112413 |
| Price | $8,495,000 |
| Original Price | $8,495,000 |
| Price Change | (0.00%) |
| Studio Units | 25 |
| One Bed Units | 8 |
| Two Bed Units | 0 |
| Three Bed Units | 0 |
| Living Sq Ft | 10,458 |
| Land Sq Ft | 11,728 |
| Land Tenure | FS - Fee Simple |
| Address | 1909 Kahakai Drive Honolulu HI 96814 |
| Region | Metro |
| Neighborhood | Ala Moana |
| Days on Market | 46 |
| Year Built | 1951 |
| Year Remodeled | 2000 |
| Condition | Excellent |
| View | City |
| Parking | Assigned |
| Zoning | 12 - A-2 Medium Density Apartme |
| Flood Zone | Zone AE · See flood zone map · Explain flood zones |
| Elementary | Ala Wai |
| Middle | Washington |
| High | Mckinley |
| Monthly Tax | $966 |
| Assessed Land | $1,527,700 |
| Assessed Building | $1,784,600 |
| Assessed Total | $3,312,300 |
| Assessed Ratio | 256% |
| Utilities | Cable |
| Construction | Concrete, Hollow Tile |
| Lot Features | Clear |
| Disclosures | 1031 Exchange |
| Land Recorded | Land Court |
| Possession | At Closing, Subject To Tenancy |
| Sale Conditions | None |
| Topography | Level |
| Stories | Three |
| Roofing | Other |
| Easements | None |
| Parcel # | 1-2-3-036-028-0000 |
| Listing courtesy of | Island Prime Properties LLC |
Property History from MLS · Top
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 01-20-2026 | 202401670 | Back On Market | T | A | $9,150,000 | $0 | $3,541,500 | $1,702,700 | $1,838,800 |
| 07-18-2025 | 202401670 | Hold | A | T | $9,150,000 | $0 | $3,541,500 | $1,702,700 | $1,838,800 |
| 02-05-2024 | 202401670 | New Listing | A | $9,150,000 | $0 | $3,541,500 | $1,702,700 | $1,838,800 | |
| 07-14-2021 | 202112413 | Sold | P | S | $8,495,000 | $8,200,000 | $3,312,300 | $1,527,700 | $1,784,600 |
| 07-01-2021 | 202112413 | In Escrow Not Showing | A | P | $8,495,000 | $8,200,000 | $3,312,300 | $1,527,700 | $1,784,600 |
| 05-16-2021 | 202112413 | New Listing | A | $8,495,000 | $8,200,000 | $3,312,300 | $1,527,700 | $1,784,600 | |
| 05-16-2021 | 202109512 | Expired | A | X | $8,495,000 | $0 | $3,312,300 | $1,527,700 | $1,784,600 |
| 04-20-2021 | 202109512 | Withdrawn | A | W | $8,495,000 | $0 | $3,312,300 | $1,527,700 | $1,784,600 |
| 04-20-2021 | 202109512 | New Listing | A | $8,495,000 | $0 | $3,312,300 | $1,527,700 | $1,784,600 | |
| 11-01-2020 | 202023570 | Withdrawn | A | W | $8,495,000 | $0 | $2,845,500 | $1,527,700 | $1,317,800 |
| 09-10-2020 | 202023570 | New Listing | A | $8,495,000 | $0 | $2,845,500 | $1,527,700 | $1,317,800 | |
| 09-10-2020 | 202012728 | Expired | A | X | $8,495,000 | $0 | $2,845,500 | $1,527,700 | $1,317,800 |
| 06-09-2020 | 202012728 | New Listing | A | $8,495,000 | $0 | $2,845,500 | $1,527,700 | $1,317,800 | |
| 05-03-2020 | 201933460 | Expired | A | X | $8,495,000 | $0 | $2,845,500 | $1,527,700 | $1,317,800 |
| 12-02-2019 | 201933460 | New Listing | A | $8,495,000 | $0 | $2,845,500 | $1,527,700 | $1,317,800 | |
| 12-02-2019 | 201933460 | $8,495,000 | $8,495,000 | $0 | $2,845,500 | $1,527,700 | $1,317,800 | ||
| 11-16-2019 | 201930289 | Withdrawn | A | W | $8,480,000 | $0 | $2,845,500 | $1,527,700 | $1,317,800 |
| 10-31-2019 | 201930289 | New Listing | A | $8,480,000 | $0 | $2,845,500 | $1,527,700 | $1,317,800 | |
| 10-17-2019 | 201913786 | Withdrawn | T | W | $8,480,000 | $0 | $2,845,500 | $1,527,700 | $1,317,800 |
| 10-13-2019 | 201913786 | Temporarily Withdrawn | A | T | $8,480,000 | $0 | $2,845,500 | $1,527,700 | $1,317,800 |
| 05-11-2019 | 201913786 | New Listing | A | $8,480,000 | $0 | $2,845,500 | $1,527,700 | $1,317,800 | |
| 10-30-2018 | 201818963 | Sold | P | S | $8,000,000 | $8,050,000 | $2,287,800 | $1,452,700 | $835,100 |
| 09-07-2018 | 201818963 | In Escrow Not Showing | C | P | $8,000,000 | $8,050,000 | $2,287,800 | $1,452,700 | $835,100 |
| 08-24-2018 | 201818963 | In Escrow Showing | A | C | $8,000,000 | $8,050,000 | $2,287,800 | $1,452,700 | $835,100 |
| 08-13-2018 | 201818963 | New Listing | A | $8,000,000 | $8,050,000 | $2,287,800 | $1,452,700 | $835,100 | |
| 02-14-2007 | 2618701 | Expired | A | X | $4,750,000 | $0 | $1,851,900 | $1,127,700 | $724,200 |
| 10-11-2006 | 2618701 | New Listing | A | $4,750,000 | $0 | $1,851,900 | $1,127,700 | $724,200 | |
| 09-27-2005 | 2505441 | Sold | C | S | $4,000,000 | $3,600,000 | $1,683,700 | $977,700 | $706,000 |
| 06-27-2005 | 2505441 | Active Continue to Show | A | C | $4,000,000 | $3,600,000 | $1,683,700 | $977,700 | $706,000 |
| 04-13-2005 | 2505441 | New Listing | A | $4,000,000 | $3,600,000 | $1,683,700 | $977,700 | $706,000 |
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