Prime investment opportunity in the heart of Waikiki! This well-maintained concrete walk-up features 11 total units (10) studio units and (1) one-bedroom unit across two charming buildings, including an architectural gem fronting Namahana Street. The property offers a fenced and gated common garden area and on-site coin-operated laundry for tenant convenience. Centrally located and just minutes to Waikiki Beach, Ala Wai Blvd, McCully, bus routes, shopping, and dining. Tenants pay for cable TV and electricity, keeping operating expenses low. With a strong rental history and consistent income production, this is a rare find in one of Honolulus most desirable neighborhoods. Don't miss this excellent multi-family investment opportunity! Apartment Zoning Waikiki Special District. Exact floor plan and square footage may not match tax records.
Property Features
Bathrooms
Appliances
- Laundry Features: Coin-operated
Land Info
- Lot Description: Cleared, Interior Lot, Level
- Lot Size Acres: 0.1033058
- Topography: Level
- Lot Size Square Feet: 4500
Garage and Parking
- Parking Features: Unassigned
- Parking Total: 1
Homeowners Association
- Association Fee Frequency: Monthly
- Association Fee 2 Frequency: Monthly
Multi-Unit Info
Rental Info
- Tenant Pays: Cable TV, Electricity
Other Property Info
- Annual Tax Amount: 6903.96
- Source Listing Status: Active
- County: Oahu
- Source Property Type: Residential
- Area: Metro
- Property Subtype: condo
- Source Neighborhood: WAIKIKI
- Parcel Number: 1-2-6-015-015-0000
- Postal City: Honolulu
- Subdivision: WAIKIKI
- Zoning Description: X2 - Apartment Precinct
- Property Subtype: Multi Family
- Source System Name: C2C
Commercial Info
- Net Operating Income: 126456
- Operating Expense: 63144
- Operating Expense Includes: Insurance, Manager, Maintenance, Real Estate Tax, New Tax, Water/Sewer
Building and Construction
- Year Built: 1937
- Building Area Total: 3632
- Construction Materials: Masonry, Concrete, Stucco
- Levels: Two, Three Or More
- Property Age: 88
- Property Condition: Excellent, Good Condition
- Levels or Stories: 2
- Structure Type: Apartment
- Total Area Sqft: 3632
- Year Built Effective: 1965
Utilities
- Sewer: Connected
- Above Ground Utilities
- Cable Available
- Electricity Available
- High Speed Internet Available
- Phone Available
- Water Available
- Sewer Connected
- Water Source: Public