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Multi-Family sold for $5,100,000 in 2 days

209 Kaiulani Ave Honolulu, HI, 96815

Neighborhood: Waikiki

Off the market 7,511 sqft

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IN ESCROW BEFORE LISTED. Irreplaceable TROPHY LOCATION at the corner of Kaiulani and Kuhio Avenues in the heart of Hawaii’s #1 tourist destination, Waikiki. Below-market rents provide tremendous upside potential for a buyer! 7 on-site parking stalls (2 may not be to code) with ample additional street parking in the area. Extremely supply-constrained submarket with virtually no land available for development. Located in a strong rental market within Honolulu which has experienced 27% growth in rents over the past 5 years Sturdy brick construction. Possible conversion to condominium or student housing. Potential repositioning opportunity as a hospitality use through rezoning or conditional use permit. Some information is subject to confirmation from Seller.
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Property details

1946 year built
View
None
Price per sqft
$679/sqft
Address
209 Kaiulani Ave, Honolulu, HI, 96815
City of Hawaii
Honolulu
Island
Oahu
Building type
Apartments
Year Built
1946
Land tenure
FS - Fee Simple
Neighborhood
Waikiki
District
Honolulu

Open Houses

No upcoming open houses

Interior Features

7 parking places
Stories
Three
Furnished
Partial
Roof
Asphalt Shingle
Utilities
Internet, Other, Water
Property Condition
Fair
nr.of parking places
7
Garage & Parking
Covered
Amenities
None

Listed by

Michael M Okamoto, Standard Management LLC
Name
Michael M Okamoto
License number
RB-22000
Brokerage company
Standard Management LLC
MLS #
201922929

Buyer agent

Name
NON MLS
Brokerage company
Non-MLS

Payment calculator

Calculate your monthly payments
Mortgage
$15,659
Taxes
$705
HOA dues
$0
$16,364 per month
Mortgage
$1,020,000 / 20%
2.28%
30 years
Your amount $15,659 / month

Exterior Features

Brick construction and more
Construction
Brick

Lot details

TMK #1260240220000
Lot Description
Other
Parcel nr.
1260240220000

Waikiki neighborhood info

Essentials nearby
Neighborhood stats
Walkability
Coffee shops
—
no data
Bus stop
—
no data
Supermarket
—
no data
Costco
—
no data
Hospital
—
no data
Park
—
no data
Beach
—
no data
Elementary school
—
no data
Middle school
—
no data
High school
—
no data
Local airport
—
no data

People living in Waikiki

30%
Families with children
National average: 39%
30%
Non family households
364,089
Population
$128,046
Average Income

Age & gender

Median age 45 years
More info

Commute types

65% commute by car
More info

Education level

27% have bachelor education
More info

Number of employees

2% work in education and healthcare
More info

Vehicles available

48% have 1 vehicle
More info

Vehicles by gender

48% have 1 vehicle
More info

Housing market insights for

$818.3k
Neighborhood average
sales price*
$546.45k
Neighborhood median
sales price*
1192
Number
of sales*

Housing type

60% are apartments
More info

Rooms

38% of the houses have 2 or 3 rooms
More info

Bedrooms

45% have 2 or 3 bedrooms
More info

Owners vs Renters

51% are renters
More info
15 / 20
Above Average
15-20
10-15
5-10
1-5
Walkability according to the National Walkability Index

Unit Information

# of 1 Bd
2

Income

Total Actual Rent
$13,100

Schools

15 schools with rating up to 7
School rating Distance
7
out of 10
President Thomas Jefferson Elementary School
324 Kapahulu Ave, Honolulu, HI 96815
Elementary School
0.398mi
NR
Iolani School
563 Kamoku St, Honolulu, HI 96826
Middle School
0.495mi
NR
Iolani School
563 Kamoku St, Honolulu, HI 96826
High School
0.495mi
School rating Distance
7
out of 10
President Thomas Jefferson Elementary School
324 Kapahulu Ave, Honolulu, HI 96815
0.398mi
NR
Iolani School
563 Kamoku St, Honolulu, HI 96826
0.495mi
7
out of 10
Waikiki Elementary School
3710 Leahi Ave, Honolulu, HI 96815
0.522mi
2
out of 10
Ala Wai Elementary School
503 Kamoku St, Honolulu, HI 96826
0.571mi
NR
Hawaii School For The Deaf And Blind
3440 Leahi Ave, Honolulu, HI 96815
0.605mi
School rating Distance
NR
Iolani School
563 Kamoku St, Honolulu, HI 96826
0.495mi
7
out of 10
Waikiki Elementary School
3710 Leahi Ave, Honolulu, HI 96815
0.522mi
NR
Hawaii School For The Deaf And Blind
3440 Leahi Ave, Honolulu, HI 96815
0.605mi
NR
Varsity International School
2617 South King St., 3-D, Honolulu, HI 96826
0.997mi
NR
St Louis School
3142 Waialae Avenue, Honolulu, HI 96816
1.19mi
School rating Distance
NR
Iolani School
563 Kamoku St, Honolulu, HI 96826
0.495mi
NR
Hawaii School For The Deaf And Blind
3440 Leahi Ave, Honolulu, HI 96815
0.605mi
2
out of 10
Kaimuki High School
2705 Kaimuki Ave, Honolulu, HI 96816
0.783mi
NR
Varsity International School
2617 South King St., 3-D, Honolulu, HI 96826
0.997mi
NR
St Louis School
3142 Waialae Avenue, Honolulu, HI 96816
1.19mi
School ratings provided by Greatschools.org © 2023. All rights reserved.

Price history

Sold Dec 11, 2019

Waikiki Median sales price 2024

Bedrooms Med. price % of listings
Not specified $349.44k 28.32%
1 bed $442k 47.35%
2 beds $667.5k 23.01%
3 beds $700k 1.33%
Date Event Price $/sqft Source
Dec 11, 2019 Sold $5,100,000 679 Public Record
Aug 15, 2019 Under contract $5,100,000 679 MLS #201922929
Aug 14, 2019 Pending $5,100,000 679 MLS #201922929
Aug 13, 2019 New Listing $5,100,000 679 MLS #201922929

Taxes of 209 Kaiulani Ave, Honolulu, HI, 96815

X2 - Apartment Precinct zoning / MLS #201922929
Current Property Taxes p/month
$704
Assessed Improvement value
$756,900
Assessed Land value
$1,693,400
Land Recorded
Land Court
Zoning
X2 - Apartment Precinct
Flood Zone
Zone AE
Topography
Level
Location
Corner
Total Assessed value
$2,450,300

Tax History

Year Taxes Source
2019 $8,456 MLS #201922929
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About Tax & History Data: We obtain the price and history data from public records and / or from local MLS feeds. Please use the contact form on this page if you would like the most up-to-date information.

Agent viewpoints of 209 Kaiulani Ave, Honolulu, HI, 96815

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Stunning views
Open floorplan
Needs Work
Street noise
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Frequently Asked Questions about 209 Kaiulani Ave

Which year was this multi-family built?

This multi-family was build in 1946.

Which year was this property last sold?

This property was sold in 2019.

What is the full address of this Multi-Family?

209 Kaiulani Ave, Honolulu, HI, 96815.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 by HiCentral Mls, Ltd. Listing courtesy of Standard Management LLC.
Our company may forward your question(s), email address, phone number, name, and any other information you may provide to a licensed real estate agent in the state where the property you are inquiring about is located. We forward your information to assist you in getting you the answers you are requesting. However, you are not obligated to work with this agent. The agent we forward your information to may or may not be the listing agent for the property. Please discuss with the agent regarding your options for representation. Information deemed reliable but not guaranteed.

Listing last updated: Dec 12, 2019
Verhouse Last checked less than a minute ago


The closest grocery stores are Food Pantry, 0.09 miles away and Dukes Lane Market & Eatery, 0.24 miles away.
The Waikiki neighborhood has a population of 364,089, and 30% of the families have children. The median age is 45.02 years and 65% commute by car. The most popular housing type is "apartment" and 51% is renter.
Multi-Family Sold $5.1m 209 Kaiulani Ave, Honolulu, HI, 96815 7,511 sqft Save House Remove from Saved