2403 Ala Wai Honolulu HI 96815 · Neighborhood: Waikiki · Region: Metro · MLS: 1008610 · TMK: 1-2-6-024-100-0000 & History 

Show all 8 photos. Updated 7/1/2010 5:14:51 PM
Expired. It was offered at $6,988,000 FS
Location
Type: Multi Family Home
Region: Metro
Neigh: Waikiki
2403 Ala Wai
Honolulu HI 96815
Area
Building sf:11,140
Land sf:10,205
Land acres:0.234
Other
Parking:17
Built:1970
Remodeled:
Furnished:
Elevators:1
Rooms
Studios:35
1 Bedroom Units:14
2 Bedroom Units:0
3 Bedroom Units:0
Com space:0
Total Units:49
Financials
Rental Income:508,294
Expenses:(142,526)
Net Operating Income:365,768
Other Income:0
Total Income:508,294
Remarks
Seller:Excellent revenue generating property. Centrally located in prime Waikiki neighborhood with Ala Wai and mountain views. Two buildings with 49 units. Corner lot. 9 units built in 1942. Ideal for Buyer replacement property in 1031 Exchange. Income and expenses are forecast for 2009.
Property Features
Amenities
None

Building Type
Apartments

Condition
Average

Construction
Above Ground
Concrete
Hollow Tile
Masonry/Stucco
Single Wall
Wood Frame

Disclosures
Property Disclosure Stmt
See Remarks

Documents
Building Plans
Lease Documents
P&L
Survey
Title Search

Easements
Other

Expense Income
Excise Tax
Insurance
Other
Property Tax
Repair Maintenance
Sewer Fee
Fee

Frontage
Other

Furnished

Land Recorded
Land Court

Laundry
Coin
Dryer
Other
Space
Washer

Land Tenure
FS - Fee Simple

Lessee Pays
Cable TV
Electricity
Parking

Listing Broker
Choi International

Location
Lot Description
Flag Lot

Meters
Electric
Gas
Water

Parking Guest
None

Parking Tenant
Assigned
Covered
Possession
Close of Escrow

Recreation Facility
None

Roof
Asphalt Shingle
Other
Pitch & Gravel

Sale Conditions

Set Backs
CandC
Of Record
Sewer
Connected

Stories
4-7
Two

Terms Offered
Cash
Conventional

Terms Sold

Topography
Level

Utilities

View
City
Garden
Golf Course
Marina/Canal
Mountain

Zoning
More Information
Contact listProp Mgt
Management Company:
Management Company Phone:
 
About LeaseholdLease Info
Lessor:
Renegotiation:
Lease expires:
Compare Fee Simple to Leasehold to Rent
 
Sample LH DisclosureRent per monththrough
Current:00
Step 1:00
Rates Real Property Tax
Tax year: 2010Assessed
Land2,494,100
Improvement1,627,500
Exemption0
Total4,121,600
Monthly Tax14,756
4,538 Days on MarketKey DatesPricing
Year Built:1970
Original List:6,988,000 FS
Listed:7/1/20106,988,000 FS
Advertise:
Auction:
Price change:
Temp off Market:
Off Market:7/1/2011
Temp withdrawn:
Withdrawn:
Back on Market:
Status change:7/1/2011
Last Modified:7/1/2011
Contingency:
Pending:
Conditional:
Sold:0 FS
Concessions:(0)  
Net SP:0 FS
Representation, Questions & Additional Information
If you are already working with an agent, please contact them directly for more information on this Multi Family Home listing.
If you would like to work with a pro, contact:
Robin Glass, (R), PB, MBA
Hawaii Home + Commercial LLC
☎ 808-358-1774
glassr@hawaiihome.cc

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