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3427 Waialae Avenue Honolulu HI 96816 MLS #202517012

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.

Property Details

Price:
$5,200,000
MLS #:
202517012
Status:
Active
Beds:
0
Baths:
0
Address:
3427 Waialae Avenue
Type:
Commercial
Subtype:
Industrial
Subdivision:
KAIMUKI
Neighborhood:
DiamondHd
City:
Honolulu
Listed Date:
Aug 3, 2025
State:
HI
Total Sq Ft:
8,775
ZIP:
96816
Lot Size:
479,160,000 sqft / 0.25 acres (approx)
Year Built:
1960

Schools

Interior

Cooling
One Unit
Flooring
Other

Exterior

Community Features
None
Construction Materials
Block, Concrete
Parking Features
On Site
Parking Spots
20

Financial

Net Operating Income
$201,767
Taxes
$45,120

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