SOLD 03/24/2023
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Commercial sold for $6,250,000 in 58 days
413 Seaside Ave 413 Seaside Ave, Honolulu, HI, 96815
Neighborhood: WaikikiOff the market Commercial/Industrial
The Zigu Building is a beautiful historic two-story retail building with an art deco-Asian decorative design and features an exclusive courtyard. Formerly a part of the Cooper Apartments, the property was converted to a retail use several years ago to make use of its prime location just off of Kuhio Avenue in the heart of Waikiki. As a result of its unique design and rich history, the property was placed on the Hawaii historic registry in 2017.The offering includes both TMKs: 1-2-6-21-56, and 1-2-6-21-62 which have a total of 5,309 square feet of APARTMIX zoned land.
The property is 100% leased on a long-term lease through 2036 to Zetton, Inc. (publicly traded in Japan) which operates its Zigu restaurant here.
The tenant pays a net rent to the landlord who is only responsible for costs relating to the roof, structure, or exterior landscaping. In addition, the tenant pays monthly percentage rent based on its gross sales. This provides an investor with further potential upside, should the tenant’s sales increase.
Also available for sale is the neighboring Cooper Apartments (15 unit multifamily property) for a total of 16,557 sf of land area.
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Property details
1939 year built
Price per sqft
$1,200/sqft
Address
413 Seaside Ave, Honolulu, HI, 96815
City of Hawaii
Honolulu
Island
Oahu
Year Built
1939
Frontage
Main Street
Land tenure
FS - Fee Simple
Net Operating Income
339032.00
Neighborhood
Waikiki
District
Honolulu
Nearby major retailers
Costco
Foodland
Lowe's
Mercedes-Benz
Safeway
Porsche
T-Mobile
Whole Foods Market
Ferrari
Wholesale: 1
Supermarket: 7
Do it yourself: 1
Car: 4
Mobile phone: 1
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Interior Features
Other floors
Roof
Tile
Property Condition
Excellent
Floor Covering
Other
Easements
Driveway
Documents Available
Lease Documents, P&L, Survey, Title Search
Garage & Parking
On Site
Utilities Included
Gas, Light Electricity, Small Water Meter
Amenities
None
Listed by
Clint B Crawford, Standard Management LLC
(808) 208-8107
(808) 208-8107
Name
Clint B Crawford
License number
RS-79176
Brokerage company
Standard Management LLC
(808) 208-8107
(808) 208-8107
MLS #
202225358
Buyer agent
Name
NON MLS
Brokerage company
Non-MLS
Payment calculator
Calculate your monthly payments
Mortgage
$19,189
Taxes
$4,664
HOA dues
$0
Mortgage
$1,250,000 / 20%
2.28%
30 years
Your amount
$19,189 / month
Exterior Features
Other construction and more
Construction
Other
Lot details
TMK #1260210560000
Parcel nr.
1260210560000
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 44 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 413 Seaside Ave
$795.73k
Neighborhood average
sales price*
sales price*
$555.83k
Neighborhood median
sales price*
sales price*
1243
Number
of sales*
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
18.5 / 20
Most Walkable
►
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 |
Ala Wai Elementary School
503 Kamoku St,
Honolulu, HI 96826
Elementary School |
0.333mi |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
Middle School |
0.339mi | |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
High School |
0.339mi | |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Ala Wai Elementary School
503 Kamoku St,
Honolulu, HI 96826
|
0.333mi |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.339mi | |
| out of 10 |
President Thomas Jefferson Elementary School
324 Kapahulu Ave,
Honolulu, HI 96815
|
0.659mi |
| out of 10 |
Prince Jonah Kuhio Elementary School
2759 South King St,
Honolulu, HI 96826
|
0.742mi |
| out of 10 |
Waikiki Elementary School
3710 Leahi Ave,
Honolulu, HI 96815
|
0.783mi |
| School rating | Distance | |
|---|---|---|
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.339mi | |
| out of 10 |
Waikiki Elementary School
3710 Leahi Ave,
Honolulu, HI 96815
|
0.783mi |
|
Varsity International School
2617 South King St., 3-D,
Honolulu, HI 96826
|
0.847mi | |
|
Hawaii School For The Deaf And Blind
3440 Leahi Ave,
Honolulu, HI 96815
|
0.856mi | |
|
Our Redeemer Lutheran School
2428 Wilder Avenue,
Honolulu, HI 96822
|
1.102mi | |
| School rating | Distance | |
|---|---|---|
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.339mi | |
| out of 10 |
Kaimuki High School
2705 Kaimuki Ave,
Honolulu, HI 96816
|
0.768mi |
|
Varsity International School
2617 South King St., 3-D,
Honolulu, HI 96826
|
0.847mi | |
|
Hawaii School For The Deaf And Blind
3440 Leahi Ave,
Honolulu, HI 96815
|
0.856mi | |
|
Lutheran High School Of Hawaii
1404 University Avenue,
Honolulu, HI 96822
|
1.12mi | |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Sold Mar 24, 2023
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 |
|---|---|---|---|---|
| Mar 24, 2023 | Sold | $6,250,000 | 1201 | Public Record |
| Mar 24, 2023 | Price Decrease | $6,250,000 -13.79% | 1201 | MLS #202225358 |
| Feb 2, 2023 | $7,250,000 | 1393.16 | MLS #202225358 | |
| Dec 7, 2022 | New Listing | $7,250,000 | 1393.16 | MLS #202225358 |
Taxes of 413 Seaside Ave, Honolulu, HI, 96815
AM - Apartment Mixed Use zoning / MLS #202225358
Current Property Taxes p/month
$4,663
Assessed Improvement value
$362,600
Assessed Land value
$4,092,600
Land Recorded
Land Court
Zoning
AM - Apartment Mixed Use
Flood Zone
Zone AE
Total Assessed value
$4,455,200
Tax History
| Year | Taxes | Source |
|---|---|---|
| 2022 | $55,964 | MLS #202225358 |
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 413 Seaside Ave
What is 413 Seaside Ave?
413 Seaside Ave is a Exclusive Rights Commercial/Industrial property.
What is the rental income?
The net income is $339,032
*check with agent
What is the full address of this Commercial?
413 Seaside Ave, Honolulu, HI, 96815.
What comparable properties are nearby?
Comparable nearby commercial properties include 448 Kaiolu St, 254 Kaiulani Ave, 287 Wai Nani Way, Address undisclosed, 1694 Kalakaua Ave, 810 Green St.
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: Mar 24, 2023
Verhouse Last checked 5 minutes ago
The closest grocery stores are Dukes Lane Market & Eatery, 0.05 miles away and Food Pantry, 0.17 miles away.
The Waikiki neighborhood has a population of 364,089, and 30% of the families have children. The median age is 44.98 years and 65% commute by car. The most popular housing type is "apartment" and 51% is renter.