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420 Olohana Street, Honolulu, HI, 96815
Multi-dwelling in Waikiki
$3,988,000Est. $21,915/mo
  • Active under contract Accepted an offer. Backup offers welcome.
  • Fee SimpleYou own the property outright.
  • 347 daysListed 05/22. Last updated 03/28.
  • Built in 1960Built 64 years ago.
Shay Kusumoto

Shayna Kusumoto

Compass | RS-85783
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What this multi-dwelling offers

Vacant, fee simple, 16-unit apartment building in Waikiki that is zoned Apartment Mixed Use. Great location with a straightforward path to renovating and getting high rents in line with the rest of Waikiki, but it needs significant renovation and repair work. The property is currently 100% vacant which offers a value-add investor a blank canvas to refurbish the building on their own timeline. Solid concrete building, separately metered for electricity and large common area spaces with room to add amenities like storage. Add coin operated laundry for additional income. APARTMIX zoning may allow for some commercial uses – please consult your architect to discuss ways to take advantage of this zoning. Sale is subject to Seller executing a 1031 exchange.

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Where you'll live

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420 Olohana Street, Honolulu, HI, 96815 is located in Waikiki on Oahu.

More about this multi-dwelling

  • Tax ID 1-2-6-016-044-0000
  • Taxes$690/mo
  • HOA Fee: n/a
  • Property Type Multi-dwelling
  • Tenure Fee Simple
  • Construction Hollow Tile
  • Roof Other
  • Year Built 1960
  • Lot Size 4,500 sqft
  • Views City
  • Parking Assigned
  • Elementary Ala Wai
  • Middle Washington
  • High Kaimuki
About WaikikiOpen and close this section

On the south shore of Honolulu lies the iconic neighborhood of Waikiki. Waikiki is filled with hotels, condos, and condo hotels. It's one of the only locations on Oahu that short-term vacation rentals can legally be operated. The majority of people staying in Waikiki are visitors, but for those who live there, 63% rent and 37% own. View all homes for sale in Waikiki.

Listing courtesy of Michael M Okamoto from Standard Management LLC, MLS #202311288. Contact: (808) 208-8107.

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