| Description | Phenomenal return on existing rents with upside! 19 unit apartment building with 2 buildings consisting of 16 studios and 3 one/ones. All units occupied with stable tenant base. Nicely maintained interiors with good layouts w excellent functionality. Coin washer and dryer, resident manager, trash service. Shared driveway on Ewa side, some separate meters for electric, though owner pays electric for all front bldg and 2 back bldg units, gas, and water. Do not walk property nor disturb the tenants. Bill 7 development possible, owner has some dd items to share with accepted offer. |
|---|---|
| Status | Active since 07-10-2026 |
| MLS# | 202613377 |
| Price | $3,800,000 |
| Original Price | $3,800,000 |
| Price Change | (0.00%) |
| Studio Units | 16 |
| One Bed Units | 3 |
| Two Bed Units | 0 |
| Three Bed Units | 0 |
| Living Sq Ft | 6,259 |
| Land Sq Ft | 7,476 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $0 |
| Address | 2517 Ala Wai Boulevard Honolulu HI 96815 |
| Region | Metro |
| Neighborhood | Waikiki |
| Days on Market | 79 |
| Year Built | 1942 |
| Condition | Average |
| View | None |
| Frontage | Stream/Canal |
| Parking | Assigned |
| Zoning | X2 - Apartment Precinct |
| Flood Zone | Zone AE |
| Tax Amount | $861 |
| Assessed Land | $2,990,400 |
| Assessed Building | $238,000 |
| Assessed Total | $3,228,400 |
| Assessed Ratio | 118% |
| Utilities | Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water |
| Construction | Masonry/Stucco, Wood Frame |
| Lot Features | Other |
| Disclosures | 1031 Exchange |
| Land Recorded | Land Court |
| Possession | At Closing, Subject To Tenancy |
| Sale Conditions | None |
| Topography | Level |
| Roofing | Asphalt Shingle |
| Easements | None |
| Parcel # | 1-2-6-025-041-0000 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| 07-10-2026 | 202613377 | New Listing | A | $3,800,000 | $0 | $3,228,400 | $2,990,400 | $238,000 | |
| 12-28-2025 | 202505304 | Cancelled | A | W | $3,988,000 | $0 | $2,949,200 | $2,728,700 | $220,500 |
| 04-14-2025 | 202505304 | Price Decrease | $4,580,000 | $3,988,000 | $3,988,000 | $0 | $2,949,200 | $2,728,700 | $220,500 |
| 02-20-2025 | 202505304 | New Listing | A | $3,988,000 | $0 | $2,949,200 | $2,728,700 | $220,500 | |
| 02-28-2023 | 202300726 | Cancelled | A | W | $4,500,000 | $0 | $2,813,100 | $2,616,600 | $196,500 |
| 01-12-2023 | 202300726 | New Listing | A | $4,500,000 | $0 | $2,813,100 | $2,616,600 | $196,500 | |
| 01-12-2023 | 202219963 | Cancelled | A | W | $4,500,000 | $0 | $2,813,100 | $2,616,600 | $196,500 |
| 09-23-2022 | 202219963 | New Listing | A | $4,500,000 | $0 | $2,813,100 | $2,616,600 | $196,500 |
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