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    3427 Waialae Ave Honolulu, HI 96816

    For Sale
    $4,895,000

    MULTI_FAMILY - Honolulu, HI

    Days on Market:
    27
    Last Refresh:
    Dec 7 at 10:06 am

    Property Features for 3427 Waialae Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    APN
    1-3-2-004-011-0000
    Parking
    20
    Parking features
    Assigned, Open

    Utilities

    Utilities
    Cable Available

    Building Details

    Year built
    1960
    Floors in Building
    3
    Number of units
    17
    Building materials
    Hollow Tile

    Commercial Investment Strategies, LLC (808) 429-1098 [email protected]

    Listing agent Christina L Dwight (808) 429-1098 License #RB-20978

    Listing date Nov 11, 2025

    MLS# 202517010 Listing URL

    Copyright © 2025 Honolulu Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Honolulu Mixed-Use Investment Opportunity

    Located in the desirable Waialae neighborhood of Honolulu, this mixed-use property presents an opportunity to increase rents. The property is situated on two lots, totaling 11,000 square feet, with B-2 zoning allowing for flexible use. The current configuration includes 12 one-bedroom residential units with secure access and 5 commercial units. Two of the commercial spaces are combined, accommodating three existing commercial tenants, while one unit is used by the owner for storage. Each unit is separately metered for electricity. The property has one water meter and gas water heaters. A coin-operated laundry facility is available. The landlord owns the residential AC units, which are maintained by the tenants. The commercial tenants own and maintain their AC units. The property has a 10-foot setback.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hair By Carole Beauty Salon Tarn Tara Thai ... Massage Spa Punchbowl Fender Works, ... Auto Body Shop Open Path Acupuncture Acupuncture Clinic Tsukamoto Plumbing Plumber

    Map

    City
    Honolulu
    County
    Honolulu
    State
    Hawaii
    Longitude
    -157.802832
    Latitude
    21.284375

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property in Waialae neighborhood with value-add potential.
    Where is this mixed-use property located?
    The property is located at 3427 Waialae Ave Honolulu, HI.
    What is the asking price?
    The asking price for this property is $4,895,000.
    What are key features of this property?
    This property features: - Rare opportunity in highly desirable Waialae neighborhood.; - B-2 zoning on two lots offering flexible use and value-add potential.; - Potential to convert commercial to residential (or vice versa) for tax benefits.
    (808) 429-1098
    Request Owner's contact information
    3427 Waialae Ave Honolulu, HI 96816
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3427 Waialae Ave Honolulu, HI 96816
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