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Investment Highlights

  • • Total Units: 19 • 3 One-Bedrooms • 16 Studios
  • • Year Built: 1942
  • • 6,259qft of Interio
  • • Parking: 3
  • • 7,476sqft of Land

Executive Summary

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.

Property Facts

Price $5,385,360 CAD
Price Per Unit $283,440 CAD
Sale Type Investment
Cap Rate 5.39%
No. Units 19
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.17 AC
Building Size 6,259 SF
Average Occupancy 100%
No. Stories 2
Year Built 1942
Parking Ratio 0.48/1,000 SF
Zoning X2 - Apartment Precinct

Amenities

Unit Amenities

  • Air Conditioning
  • Garden

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 16 - 329
3+1 3 - 329
Exceptionally walkable
90/100
Very drivable
80/100
Good public transit
60/100
Very bikeable
80/100

Property Taxes

Property Taxes

Parcel Number
1-2-6-025-041-0000
Land Assessment
$4,237,995 CAD
Improvements Assessment
$337,294 CAD
Total Assessment
$4,575,288 CAD
  • Listing ID: 41244201

  • Date on Market: 2026-07-10

  • Last Updated:

  • Address: 2517 Ala Wai Blvd, Honolulu, HI 96815

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