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287 Wai Nani Way 287 Wai Nani Way, Honolulu, HI, 96815
Neighborhood: Waikiki$5,150,000 $130,000 Commercial for sale Commercial/Industrial
Trophy Property located on a non-through street blocks from famous Waikiki Beach, this beautiful building is a quiet neighborhood oasis. All units have nice lanai/balcony space for tradewind breezes and lots of natural light. New paint and brand new roof with warranty means excellent income and fantastic return! All units have been renovated, and all parking is covered. 100% occupied at market rents, so easy to 'plug and play' with your own management team. Tenants pay separately metered electricity, AND water, so your monthly expenses are WAY lower than normal. Nice, covered laundry area w machines leased by WASH; agreement expires 6/2024.
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Property details
1963 year built
Price per sqft
$705/sqft
Days on Verhouse
194
Address
287 Wai Nani Way, Honolulu, HI, 96815
City of Hawaii
Honolulu
Island
Oahu
Year Built
1963
Frontage
Other
Land tenure
FS - Fee Simple
Parking Spaces
5
Net Operating Income
294887.00
Neighborhood
Waikiki
District
Honolulu
Nearby major retailers
Costco
Foodland
Lowe's
Mercedes-Benz
Safeway
Porsche
T-Mobile
Whole Foods Market
Ferrari
Wholesale: 1
Supermarket: 6
Do it yourself: 1
Car: 4
Mobile phone: 1
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Interior Features
5 parking places, Concrete floors
Roof
Other
Property Condition
Excellent
Floor Covering
Concrete
Easements
None
Documents Available
Lease Documents, P&L, Survey, Title Search
Garage & Parking
Assigned, On Site
Utilities Included
Gas, Light Electricity, Other, Small Water Meter
Amenities
None
Listed by
Christina L Dwight, Commercial Inv. Strategies
(808) 429-1098
(808) 429-1098
Name
Christina L Dwight
License number
RB-20978
Brokerage company
Commercial Inv. Strategies
(808) 429-1098
(808) 429-1098
MLS #
202324401
Payment calculator
Calculate your monthly payments
Mortgage
$15,812
Taxes
$693
HOA dues
$0
Mortgage
$1,030,000 / 20%
2.28%
30 years
Your amount
$15,812 / month
Exterior Features
Concrete Block construction and more
Construction
Concrete Block
Lot details
TMK #1260280430000
Parcel nr.
1260280430000
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
220,391
Population
$126,265
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
3% work in education and healthcare
More info
Vehicles available
49% have 1 vehicle
More info
Vehicles by gender
49% have 1 vehicle
More info
Housing market insights for 287 Wai Nani Way
$813.26k
Neighborhood average
sales price*
sales price*
$545.29k
Neighborhood median
sales price*
sales price*
1160
Number
of sales*
of sales*
Housing type
61% are apartments
More info
Rooms
38% of the houses have 2 or 3 rooms
More info
Bedrooms
44% have 2 or 3 bedrooms
More info
Owners vs Renters
51% are renters
More info
13.33 / 20
Above Average
►
15-20
Most Walkable
10-15
Above Average
5-10
Below Average
1-5
Least Walkable
Walkability according to the National Walkability Index
Schools
15 schools with rating up to 7
| School rating | Distance | |
|---|---|---|
| out of 10 |
President Thomas Jefferson Elementary School
324 Kapahulu Ave,
Honolulu, HI 96815
Elementary School |
0.089mi |
| out of 10 |
Waikiki Elementary School
3710 Leahi Ave,
Honolulu, HI 96815
Middle School |
0.181mi |
|
Hawaii School For The Deaf And Blind
3440 Leahi Ave,
Honolulu, HI 96815
High School |
0.242mi | |
| School rating | Distance | |
|---|---|---|
| out of 10 |
President Thomas Jefferson Elementary School
324 Kapahulu Ave,
Honolulu, HI 96815
|
0.089mi |
|
Jefferson School Orthopedic Unit
324 Kapahulu Ave,
Honolulu, HI 96815
|
0.148mi | |
| out of 10 |
Waikiki Elementary School
3710 Leahi Ave,
Honolulu, HI 96815
|
0.181mi |
|
Hawaii School For The Deaf And Blind
3440 Leahi Ave,
Honolulu, HI 96815
|
0.242mi | |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.757mi | |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Waikiki Elementary School
3710 Leahi Ave,
Honolulu, HI 96815
|
0.181mi |
|
Hawaii School For The Deaf And Blind
3440 Leahi Ave,
Honolulu, HI 96815
|
0.242mi | |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.757mi | |
|
La Pietra Hawaii School For Girls
2933 Poni Moi Road,
Honolulu, HI 96815
|
0.942mi | |
|
St Patrick School
3320 Harding Avenue,
Honolulu, HI 96816
|
1.075mi | |
| School rating | Distance | |
|---|---|---|
|
Hawaii School For The Deaf And Blind
3440 Leahi Ave,
Honolulu, HI 96815
|
0.242mi | |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.757mi | |
| out of 10 |
Kaimuki High School
2705 Kaimuki Ave,
Honolulu, HI 96816
|
0.839mi |
|
La Pietra Hawaii School For Girls
2933 Poni Moi Road,
Honolulu, HI 96815
|
0.942mi | |
|
St Louis School
3142 Waialae Avenue,
Honolulu, HI 96816
|
1.124mi | |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Price Decrease Feb 9, 2024
Waikiki Median sales price 2024
| Bedrooms | Med. price | % of listings |
|---|---|---|
| Not specified | $350k | 27.06% |
| 1 bed | $445k | 45% |
| 2 beds | $649k | 26.18% |
| 3 beds | $775k | 1.76% |
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Feb 9, 2024 | Price Decrease | $5,150,000 -2.46% | 705.48 | MLS #202324401 |
| Oct 25, 2023 | New Listing | $5,280,000 +2.52% | 723.29 | MLS #202324401 |
| Oct 25, 2023 | New Listing | $5,280,000 +17.33% | 723.29 | MLS #202324400 |
| Feb 9, 2024 | Price Decrease | $5,150,000 -2.46% | 705.48 | MLS #202324400 |
| Jun 1, 2023 | Sold | $4,500,000 | 616.44 | Public Record |
| Jun 1, 2023 | Price Decrease | $4,500,000 -9.09% | 616.44 | MLS #202300739 |
| Feb 28, 2023 | Pending | $4,950,000 | 678.08 | MLS #202300739 |
| Feb 16, 2023 | $4,950,000 | 678.08 | MLS #202300739 | |
| Jan 13, 2023 | New Listing | $4,950,000 | 678.08 | MLS #202300739 |
| Jan 12, 2023 | Cancelled | $4,950,000 | 678.08 | MLS #202219222 |
| Nov 17, 2022 | Price Decrease | $4,950,000 -5.71% | 678.08 | MLS #202219222 |
| Sep 19, 2022 | New Listing | $5,250,000 +467.57% | 719.18 | MLS #202219222 |
| Jan 23, 2002 | Sold | $925,000 | 126.71 | Public Record |
| Jan 23, 2002 | Price Decrease | $925,000 -15.05% | 126.71 | MLS #2107248 |
| Jan 17, 2002 | Pending | $1,088,888 | 149.16 | MLS #2107248 |
| Aug 23, 2001 | Back On Market | $1,088,888 | 149.16 | MLS #2107248 |
| Aug 23, 2001 | Pending | $1,088,888 | 149.16 | MLS #2107248 |
| Jul 23, 2001 | Price Increase | $1,088,888 +10.11% | 149.16 | MLS #2107248 |
| Jul 19, 2001 | New Listing | $988,888 | 135.46 | MLS #2107248 |
Taxes of 287 Wai Nani Way, Honolulu, HI, 96815
X2 - Apartment Precinct zoning / MLS #202324401
Current Property Taxes p/month
$693
Assessed Improvement value
$908,900
Assessed Land value
$2,207,500
Land Recorded
Regular System
Zoning
X2 - Apartment Precinct
Flood Zone
Zone X
Total Assessed value
$3,116,400
Tax History
| Year | Taxes | Source |
|---|---|---|
| 2024 | $8,321 | MLS #202324400 |
| 2023 | $8,321 | MLS #202324400 |
| 2022 | $8,022 | MLS #202219222 |
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.
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Frequently Asked Questions about 287 Wai Nani Way
What is 287 Wai Nani Way?
287 Wai Nani Way is a Exclusive Rights Commercial/Industrial property.
What is the rental income?
The net income is $294,887
*check with agent
What is the full address of this Commercial?
287 Wai Nani Way, Honolulu, HI, 96815.
What comparable properties are nearby?
Comparable nearby commercial properties include 254 Kaiulani Ave, 448 Kaiolu St, Address undisclosed, 3112 Mokihana St, Address undisclosed, 1694 Kalakaua Ave.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 by HiCentral Mls, Ltd. Listing courtesy of Commercial Inv. Strategies.
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: Mar 18, 2024
Verhouse Last checked 3 minutes ago
The closest grocery stores are Food Pantry, 0.45 miles away and Dukes Lane Market & Eatery, 0.6 miles away.
The Waikiki neighborhood has a population of 220,391, and 30% of the families have children. The median age is 45.18 years and 65% commute by car. The most popular housing type is "apartment" and 51% is renter.
