| Description | Rare opportunity to own a multi-family property in a prime location on Kapiolani Blvd! This large 9,503 square feet A-3 zoned land is in the McCully/Moiliili neighborhood between University Ave and Kamoku Street. The property has 10 units total: 6 one-bedroom, one-bath units and 4 two-bedroom, one-bath units. 9-pkg stalls, 11 electric meters, 1 water meter, on-site common coin (owned) W/D laundry. The building is not in a flood zone & has C&C trash pick-up service, a potential $15-20K savings. Front bldg: 2 stories. Hollow tile (built 1959). 6 spacious one-bedroom, one-bath units (504 sqft). 1st floor units with courtyard. Back bldg: 2 stories. Hollow tile on 1st floor & wood frame on 2nd floor (built 1953). 4 two-bedroom, one-bath units (563 sqft). Fully occupied - primarily long-term tenants, most on MTM. Current rents are below market allowing buyer room to upgrade units and maximize income. Ideally located between University of Hawaii at Manoa and Waikiki. Convenient to Iolani School / Ala Wai Elementary School, UH, Ala Wai Golf Course, Parks, Diamond Head, McCully and Ala Moana Shopping Center, on/off freeway, bus lines, and more! |
|---|---|
| Status | Sold since 05-21-2025 |
| MLS# | 202512651 |
| Price | $2,999,999 |
| Original Price | $2,999,999 |
| Price Change | (0.00%) |
| Beds / Baths / Half | 14 / 10 / 0 |
| Parking Spaces | 9 |
| Living Sq Ft | 5,280 |
| Land Sq Ft | 9,503 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $0 |
| Address | 2459 Kapiolani Boulevard Honolulu HI 96826 |
| Region | Metro |
| Neighborhood | Kapiolani |
| Days on Market | 57 |
| Year Built | 1953 |
| Condition | Average |
| View | City, Diamond Head, Mountain |
| Pool | None |
| Parking | 3 Car+ |
| Zoning | 13 - A-3 High Density Apartment |
| Flood Zone | Zone X |
| Elementary | Ala Wai |
| Middle | Washington |
| High | Kaimuki |
| Tax Amount | $762 |
| Assessed Land | $2,387,500 |
| Assessed Building | $230,500 |
| Assessed Total | $2,618,000 |
| Assessed Ratio | 115% |
| Inclusions | Range/Oven, Refrigerator |
| Amenities | None |
| Utilities | Overhead Electricity, Public Water |
| Construction | Masonry/Stucco, Wood Frame |
| Lot Features | Clear |
| Flooring | Other, Vinyl, W/W Carpet |
| Disclosures | Non Resident Owner |
| Land Recorded | Land Court |
| Possession | At Closing |
| Sale Conditions | None |
| Topography | Level |
| Building Style | Multiple Dwellings |
| Roofing | Asphalt Shingle |
| Easements | None |
| Parcel # | 1-2-7-019-004-0000 |
| Listing courtesy of | Locations LLC |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 08-20-2025 | 202512651 | Sold | C | S | $2,999,999 | $3,000,000 | $2,618,000 | $2,387,500 | $230,500 |
| 07-17-2025 | 202512651 | Active Under Contract | A | C | $2,999,999 | $3,000,000 | $2,618,000 | $2,387,500 | $230,500 |
| 05-22-2025 | 202512651 | New Listing | A | $2,999,999 | $3,000,000 | $2,618,000 | $2,387,500 | $230,500 | |
| 05-22-2025 | 202427989 | Cancelled | A | W | $3,400,000 | $0 | $2,611,400 | $2,387,500 | $223,900 |
| 12-09-2024 | 202427989 | New Listing | A | $3,400,000 | $0 | $2,611,400 | $2,387,500 | $223,900 |
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