| Description | RARE FIND in super desirable Waialae neighborhood with excellent opportunity to value add and increase rents with 11,000sf B-2 zoned on TWO LOTS for flexible use. Convert comm to Resi and get use exemption to lower taxes, or convert Resi to office. Currently configured as 12 one beds with secure access and 5 comm units (2 units combine 2 spaces for 3 existing comm tenants, 1 unit used by owner for storage). All units separately metered for electric, one water meter, gas water heaters. Owned coin laundry. Resi AC owned by LL, maintained by tenants; comm AC owned and maintained by tenants. 10’ setback. |
|---|---|
| Status | Sold since 08-03-2025 |
| MLS# | 202517010 |
| Price | $4,895,000 |
| Original Price | $5,200,000 |
| Price Change | $-305,000 (-5.87%) |
| Studio Units | 0 |
| One Bed Units | 12 |
| Two Bed Units | 0 |
| Three Bed Units | 0 |
| Living Sq Ft | 8,775 |
| Land Sq Ft | 11,000 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $0 |
| Address | 3427 Waialae Avenue Honolulu HI 96816 |
| Region | Diamond Head |
| Neighborhood | Kaimuki |
| Days on Market | 101 |
| Year Built | 1960 |
| Condition | Above Average |
| View | City, Diamond Head, Sunset |
| Frontage | Other |
| Parking | Assigned, Open |
| Zoning | 32 - B-2 Community Business Dis |
| Flood Zone | Zone X |
| Tax Amount | $3,760 |
| Assessed Land | $2,650,000 |
| Assessed Building | $980,000 |
| Assessed Total | $3,630,000 |
| Assessed Ratio | 135% |
| Utilities | Cable, Gas, Internet, Overhead Electricity, Sewer Fee, Water |
| Construction | Hollow Tile |
| Lot Features | Clear |
| Disclosures | Pet on Property |
| Land Recorded | Regular System |
| Possession | At Closing, Subject To Tenancy |
| Sale Conditions | None |
| Topography | Level |
| Roofing | Other |
| Easements | None |
| Parcel # | 1-3-2-004-011-0000 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| 01-30-2026 | 202517010 | Sold | C | S | $4,895,000 | $4,400,000 | $3,630,000 | $2,650,000 | $980,000 |
| 12-22-2025 | 202517010 | Active Under Contract | A | C | $4,895,000 | $4,400,000 | $3,630,000 | $2,650,000 | $980,000 |
| 10-27-2025 | 202517010 | Back On Market | C | A | $4,895,000 | $4,400,000 | $3,630,000 | $2,650,000 | $980,000 |
| 10-27-2025 | 202517010 | Price Decrease | $5,200,000 | $4,895,000 | $4,895,000 | $4,400,000 | $3,630,000 | $2,650,000 | $980,000 |
| 09-17-2025 | 202517010 | Active Under Contract | A | C | $4,895,000 | $4,400,000 | $3,630,000 | $2,650,000 | $980,000 |
| 08-03-2025 | 202517010 | New Listing | A | $4,895,000 | $4,400,000 | $3,630,000 | $2,650,000 | $980,000 |
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