This recently rehabbed 8-unit multifamily property in the heart of Moiliili offers investors strong cash flow and appreciation potential. Each 2-bedroom, 1-bath unit has been upgraded with new kitchens, baths, upgraded finishes, air conditioning, plus a new roof, plumbing, and electrical systems. With 8 marked parking stalls, tenant-paid laundry, parking, and pet fees, the property generates multiple revenue streams. Property is ready to be leased with projected monthly rents of $20,000 provides immediate returns with minimal near-term capital expenditures. * Seller is also selling adjacent 8-unit apartment building and both properties can be sold together, 829 Waiaka Place, MLS#202600664, TMK 1-2-7-27-51
Multi-familyProperty Type
1941Year Built
7,964 sq ftLot Size
$704Price/Sq.Ft.
8 spacesParking
Listed by Mark Bratton• Bratton Realty Advisors Ltd
McCully-Moiliili, located between Waikīkī and Mānoa, is a residential and commercial Honolulu neighborhood with mid-century walk-ups and late-night local eateries. The neighborhood’s character concentrates around the King Street and McCully Street intersection, where noodle shops, bakeries, produce markets, and small storefronts keep the sidewalks active. Pillars include Rainbow Drive-In, the Hawaiʻi Convention Center, and the Japanese Cultural Center of Hawaiʻi. Low-rise apartments mix with older single-wall homes on compact blocks. Ala Wai Canal edges the district with long, flat paths for walking and cycling. Bus corridors along King and Kapiʻolani tie daily errands to town.
Provided by Walk Score and Local Logic
Market insights
2711 Waiaka Rd · $3,495,000
DAYS ON MARKET
187 days
The average home goes pending in 66 days.
SALE-TO-LIST
99.4%
Most homes are selling 1% below list price.
LIST PRICE
$3,495,000
Median sale price in this area is $1,097,730. (69% lower than this home)
PRICE DROP
2 price drops
12% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Laundry & utility
Washer, dryer
Heating & cooling
Central air
Exterior features
Level, cleared lot
Cul-de-sac location
View
Home design
Two stories
Parking
Assigned parking
8 parking spaces
Construction
Built in 2025
Hollow tile, masonry, concrete, and stucco construction
Asphalt shingle roof
Utilities
Public water
Connected sewer
Cable, electricity, and high-speed internet available
Above-ground utilities
Financial info
Total rent: $20,000
Operating expenses: $34,782.95, including insurance, management, maintenance, and real estate taxes
Electricity and solar
View estimated energy costs and solar savings for this home
DEVELOPMENT OPPORTUNITY TO PURCHASE WITH ADJACENT PROPERTY - TMK 1-2-7-27-51 829 Waiaka Place. Convenient to UH, schools, Biki, bus & freeway! DO NOT ENTER PROPERTY! Property to be sold in AS IS Condition.
Year
Property tax
Land + Additions
Assessment*
2022
$6,251 (+3.8%)
$1,589,100 + $197,000
$1,786,100
2021
$6,025 (−11.4%)
$1,589,100 + $197,000
$1,786,100
2020
$6,803 (+7.9%)
$1,516,800 + $204,700
$1,721,500
2019
$6,304 (+17.7%)
$1,733,500 + $210,300
$1,943,800
2018
$5,355 (+3.9%)
$1,589,100 + $212,000
$1,801,100
2017
$5,153 (−2.7%)
$1,321,800 + $208,100
$1,529,900
2016
$5,298 (−66.1%)
$1,231,600 + $240,800
$1,472,400
2014
$15,630 (−24.0%)
$1,097,900 + $231,400
$1,329,300
2013
$20,553 (+358.0%)
$1,059,200 + $227,900
$1,287,100
2012
$4,488
$1,021,400 + $229,700
$1,251,100
Public record
Public record
Zoning
Beds
12
Baths
4
Stories
1
Lot width
—
Lot depth
—
Lot size
7,964 Sq. Ft.
Year renovated
1941
Finished Sq. Ft.
1,824
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,824
Year built
1929
Style
Single Family Residential
County
Honolulu County
APN
1 2 7 027 021 0000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Mar 8, 2023.
A-2
Medium-Density Apartment District
The intent of the A-2 medium density apartment district is to provide areas for medium density, multi-family dwellings. It is intended primarily for concentrated urban areas where public services are centrally located and infrastructure capacities are adequate.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Student
Public service
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
Fire Factor
We're working on getting current and accurate fire risk information for this home.
Heat Factor
We're working on getting current and accurate heat risk information for this home.
Wind Factor
We're working on getting current and accurate wind risk information for this home.
1/10 Air Factor
Minimal risk of unhealthy air over next 30 years
Provided by First Street
Historical weather
Honolulu, HI • 96826
Average low and high temperatures (°F)
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80
71
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
82/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Honolulu. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
7.7 hrs
6.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2711 Waiaka Rd
There isn’t enough information to generate an accurate estimate at this time. Learn More
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