| Description | GEM IN WAIKIKI: Secure Building w 12 units: 6 studios, 6 ones, 1 ground floor office with monitors, and over 9,000sf of interior! 8 covered parking with secure electrical room, keyed lobby and stairs. Elevator and fire stand pipe. All units separately metered for electric, one water meter. Solid concrete construction on corner lot, one way access only for mostly local traffic. Secure laundry room with machines leased for $62.83/mo--property manager collects coins. Additional income potential by bringing the units to market rents, charging for all parking and for each storage area (4). |
|---|---|
| Status | Sold since 01-09-2025 |
| MLS# | 202501594 |
| Price | $2,900,000 |
| Original Price | $3,200,000 |
| Price Change | $-300,000 (-9.38%) |
| Studio Units | 6 |
| One Bed Units | 6 |
| Two Bed Units | 0 |
| Three Bed Units | 0 |
| Living Sq Ft | 9,004 |
| Land Sq Ft | 3,330 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $0 |
| Address | 250 Kapili Street Honolulu HI 96815 |
| Region | Metro |
| Neighborhood | Waikiki |
| Days on Market | 64 |
| Year Built | 1961 |
| Condition | Average |
| View | City |
| Frontage | Other |
| Parking | Assigned, Covered |
| Zoning | X2 - Apartment Precinct |
| Flood Zone | Zone AE |
| Tax Amount | $600 |
| Assessed Land | $1,367,800 |
| Assessed Building | $820,000 |
| Assessed Total | $2,187,800 |
| Assessed Ratio | 133% |
| Utilities | Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water |
| Construction | Above Ground, Concrete |
| Lot Features | Clear |
| Disclosures | 1031 Exchange, Licensed Owner |
| Land Recorded | Land Court |
| Possession | At Closing, Subject To Tenancy |
| Sale Conditions | None |
| Topography | Level |
| Roofing | Pitch & Gravel |
| Easements | None |
| Parcel # | 1-2-6-024-063-0000 |
| Listing courtesy of | Commercial Inv. Strategies |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 05-01-2025 | 202501594 | Sold | C | S | $2,900,000 | $2,821,500 | $2,187,800 | $1,367,800 | $820,000 |
| 03-14-2025 | 202501594 | Active Under Contract | A | C | $2,900,000 | $2,821,500 | $2,187,800 | $1,367,800 | $820,000 |
| 02-08-2025 | 202501594 | Price Decrease | $3,200,000 | $2,900,000 | $2,900,000 | $2,821,500 | $2,187,800 | $1,367,800 | $820,000 |
| 01-09-2025 | 202501594 | New Listing | A | $2,900,000 | $2,821,500 | $2,187,800 | $1,367,800 | $820,000 | |
| 04-21-2000 | 9904183 | Price Decrease | $1,000,000 | $710,000 | $1,000,000 | $710,000 | $928,700 | $521,800 | $406,900 |
| 04-21-2000 | 9904183 | Sold | P | S | $1,000,000 | $710,000 | $928,700 | $521,800 | $406,900 |
| 04-10-2000 | 9904183 | Pending | A | P | $1,000,000 | $710,000 | $928,700 | $521,800 | $406,900 |
| 07-15-1999 | 9904183 | New Listing | A | $1,000,000 | $710,000 | $928,700 | $521,800 | $406,900 |
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