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.
Closed
$4,400,000
3427 Waialae Ave, Honolulu, HI 96816
--beds
0baths
8,775sqft
Multi Family
Built in 1960
-- sqft lot
$4,499,400 Zestimate®
$501/sqft
$2,506 Estimated rent
Home value
$4,499,400
$4.27M - $4.72M
$2,506/mo
Zestimate® history
Owner options
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$2,506/mo
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$2,506/mo
Rent Zestimate®
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$19,628/mo
Est. payment
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$19,628/mo
Est. payment
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List your homeWhat's special
Zillow last checked:
Listing updated:
Listed by:
Christina L Dwight 808-429-1098,
Commercial Inv. Strategies
Bought with:
David Cordeiro, RS-82891
Keller Williams Honolulu
Source: HiCentral MLS,MLS#: 202517010
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Appliances
- Laundry: Coin-operated
Interior area
- Total structure area: 8,775
- Total interior livable area: 8,775 sqft
Property
Parking
- Total spaces: 20
- Parking features: Assigned, Open
- Has uncovered spaces: Yes
Features
- Levels: Three Or More
- Has view: Yes
- View description: City, Mountain(s), Sunset
- Frontage type: Other
Lot
- Features: Cleared, Interior Lot, Level
- Topography: Level
Details
- Parcel number: 1320040110000
- Zoning description: 32 - B-2 Community Business Dis
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Hollow Tile
Condition
- Good Condition
- Year built: 1960
Utilities & green energy
- Sewer: Connected
- Utilities for property: Above Ground Utilities, Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Sewer Available, Water Available, Sewer Connected
Community & HOA
Community
- Features: None
- Subdivision: Kaimuki
Location
- Region: Honolulu
Financial & listing details
- Price per square foot: $501/sqft
- Tax assessed value: $3,630,000
- Annual tax amount: $45,120
- Date on market: 8/3/2025
- Total actual rent: 33725
- Tenant pays: Cable TV, Electricity
Price history
| Date | Event | Price |
|---|---|---|
| 3/25/2026 | Listing removed | $1,725 |
Source: Zillow Rentals Report a problem | ||
| 2/28/2026 | Price change | $1,725+4.5% |
Source: Zillow Rentals Report a problem | ||
| 2/15/2026 | Listed for rent | $1,650 |
Source: Zillow Rentals Report a problem | ||
| 1/30/2026 | Sold | $4,400,000-10.1%$501/sqft |
Source:  HiCentral MLS #202517010 Report a problem | ||
| 12/22/2025 | Contingent | $4,895,000$558/sqft |
Source: HiCentral MLS #202517028 Report a problem | ||
| 10/27/2025 | Listed for sale | $4,895,000-5.9%$558/sqft |
Source: HiCentral MLS #202517010 Report a problem | ||
| 9/17/2025 | Contingent | $5,200,000$593/sqft |
Source: HiCentral MLS #202517010 Report a problem | ||
| 8/3/2025 | Listed for sale | $5,200,000+309.4%$593/sqft |
Source: HiCentral MLS #202517010 Report a problem | ||
| 5/24/2001 | Sold | $1,270,000+464.4%$145/sqft |
Source: Public Record Report a problem | ||
| 1/16/2001 | Sold | $225,000$26/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $2,319,700 +0.6% |
| 2024 | $28,593 | $2,305,900 +0.4% |
| 2023 | -- | $2,297,800 +2.5% |
| 2022 | -- | $2,241,500 -2.2% |
| 2021 | -- | $2,291,000 -2.2% |
| 2020 | $29,054 +3.1% | $2,343,100 +3.1% |
| 2019 | $28,179 +2.7% | $2,272,500 +2.7% |
| 2018 | $27,446 +3.8% | $2,213,400 +3.8% |
| 2017 | $26,431 +9.5% | $2,131,500 +9.5% |
| 2016 | $24,137 +7.1% | $1,946,500 +7.1% |
| 2015 | $22,536 | $1,817,400 |
Find assessor info on the county website
Neighborhood: Kaimuki
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Nearby schools
GreatSchools rating
- 7/10Aliiolani Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 6/10William P Jarrett Middle SchoolGrades: 6-8Distance: 1 mi
- 3/10Kaimuki High SchoolGrades: 9-12Distance: 0.9 mi
- Hawaii
- Honolulu County
- Honolulu
- 96816
- Kaimuki
- 3427 Waialae Ave
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