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.
Active
$5,200,000
3427 Waialae Ave, Honolulu, HI 96816
--beds
0baths
8,775sqft
Est.:
Multi Family
Built in 1960
-- sqft lot
$-- Zestimate®
$593/sqft
$-- HOA
What's special
- 2 days
- on Zillow |
- 68 |
- 3 |
Zillow last checked: 7 hours ago
Listing updated: August 03, 2025 at 11:05am
Listed by:
Christina L Dwight 808-429-1098,
Commercial Inv. Strategies
Source: HiCentral MLS,MLS#: 202517010

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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: $593/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
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