3427 Waialae Avenue, Honolulu, HI 96816 - Photo 1

1/1

$4,400,000

Sold
Closed
Commercial Residential Facility
8,775 Sq. Ft.

1/1

Property Description

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.

Full Property Details

Full Property Details for 3427 Waialae Ave

General

Sold For: $4,400,000
Taxes: $45,120
Status: Closed
Type: Commercial Residential Facility
Source: Honolulu_Board_Of_Realtors
MLS ID: 202517012
Added to Site: 198 day(s) ago

Business

Business Type: Condominium, Residential

Rental Information

Complex Features: None
Lease Info: Other

Interior

Flooring: Other

Parking

Total Spaces: 20
Parking Features: On Site

Location

Area: DiamondHd
County: Oahu
Subdivision: KAIMUKI
Building Name: NA

Heating & Cooling

Air Conditioning: Yes
Cooling Type: 1 Unit

Utilities

Sewer: Connected
Utility Description: Electricity Available, Natural Gas Available, Sewer Connected

Structural Information

Detached/Attached: Detached
Construction: Block, Concrete
Stories/Levels: 3
Square Feet: 8,775
Year Built: 1960
Property Condition: Good Condition

Lot Features

Lot Size: 11000
Frontage: City Street
Zoning: 32 - B-2 Community Business Dis

Financial Considerations

Operating Expenses: $135,464
Assessment Amount: $3,630,000
Tax Amount: $45,120
Tenant Pays: Electricity

Disclosures and Reports

Special Conditions: None
Disclosures/Reports: None
Disclosures/Rstr.: None
Property ID: 1-3-2-004-011-0000

Listed by Commercial Inv. Strategies
Sold by Keller Williams Honolulu

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— 3427 Waialae Ave —

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(808) 429-1098

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Schools

Schools serving 3427 Waialae Ave

School District:Hawaii Department of Education

Name	Grades	Distance
Aliiolani Elementary School 1240 7th Avenue, Honolulu, HI 96816	PK-5	0.2 mi
William P Jarrett Middle School 1903 Palolo Avenue, Honolulu, HI 96816	6-8	0.9 mi
Kaimuki High School 2705 Kaimuki Avenue, Honolulu, HI 96816	9-12	0.9 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3427 Waialae Ave

Date

Details

Price

Change

Source

1/30/2026

Sold

$4,400,000

-10.11%

MLS

10/27/2025

Price Reduced

$4,895,000

-5.87%

MLS

8/03/2025

Listed

$5,200,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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3427 Waialae Ave, Honolulu, HI 96816 - Photo 1

Sold

$4,400,000