650 California Ave, Wahiawa, HI 96786-1934
- Commercial real estate
- 3,981 SF
- 0.20 lot acres
Current Use by Public Records
- Double Dragon II / (Bike/Boat/Book/etc) Store / Arcade & Gaming Center
- YB Builders / General Contractor
Property Details for 650 California Ave
- Year built
- 1953
- Lot size
- 0.20 lot acres
- Zone code
- B-2
- Property type
- Commercial real estate
- APN
- 1-7-4-004-013
- APU
- 174004013
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jul 14, 2022 | $1,584,000 | Daniel A Paz | 650 California Avenue LLC | Warranty Deed | — |
| Oct 15, 2019 | — | 650 California Avenue LLC | Marks And Gelt LLC | Warranty Deed | $1M |
| Jun 6, 2014 | $880,000 | Marks & Gelt LLC | Rita Aiko Kashiwabara | Warranty Deed | $825k · First Hawaiian Bank |
| Jun 6, 2014 | — | Hawaiian Bk First | Marks & Gelt LLC | Grant Deed · related | — |
| Apr 15, 2013 | — | Doi,lillian K Living Trust | Doi Lillian K Living Trust | Quit Claim Deed · related | — |
Description
This exceptional 5,121 square foot retail building, situated on a 0.2-acre lot at 650 California Avenue in Wahiawa, Hawaii, presents a compelling investment opportunity. Currently housing seven tenants, several leases are up for renewal within the next year, offering potential for an owner-user to occupy space as vacancies arise. The property boasts ample parking, a significant advantage in a high-traffic area. Its B-2 zoning allows for a diverse range of uses. The building enjoys excellent visibility from California Avenue and even Kam Highway, thanks to a prominent, repositionable marquee sign. Two bays feature convenient roll-up loading doors, enhancing functionality. The Westervelt Center location provides added flexibility, making it ideal for owner-users seeking a well-situated property. Potential uses include, but are not limited to, medical clinics, veterinary clinics, and professional service businesses. The strong tenant base and high traffic counts contribute to a stable income stream, while the upcoming lease renewals provide an opportunity for strategic repositioning and increased profitability. The asking price is $1,690,000.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,185,000
- ML approach
- $1,315,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,145,000
- 6.5%
- $1,055,000
- 7%
- $980,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,501,000
Market price range: $736k - $1.85M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Wahiawa
- County
- Honolulu
- State
- Hawaii
- Longitude
- -158.028
- Latitude
- 21.4971
- CBSA code
- 46520
- CBSA name
- URBAN HONOLULU, HI METROPOLITAN STATISTICAL AREA
