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2459 Kapiolani Blvd (Kapiolani)

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2459 Kapiolani Blvd, Honolulu
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We are expert real estate agents who know Kapiolani very well and have sold many homes in Honolulu. We would be happy to assist you too.
Description
Rare opportunity to own a multi-family property in a prime location on Kapiolani Blvd! This large 9,503 square feet A-3 zoned land is in the McCully/Moiliili neighborhood between University Ave and Kamoku Street. The property has 10 units total: 6 one-bedroom, one-bath units and 4 two-bedroom, one-bath units. 9-pkg stalls, 11 electric meters, 1 water meter, on-site common coin (owned) W/D laundry. The building is not in a flood zone & has C&C trash pick-up service, a potential $15-20K savings. Front bldg: 2 stories. Hollow tile (built 1959). 6 spacious one-bedroom, one-bath units (504 sqft). 1st floor units with courtyard. Back bldg: 2 stories. Hollow tile on 1st floor & wood frame on 2nd floor (built 1953). 4 two-bedroom, one-bath units (563 sqft). Fully occupied - primarily long-term tenants, most on MTM. Current rents are below market allowing buyer room to upgrade units and maximize income. Ideally located between University of Hawaii at Manoa and Waikiki. Convenient to Iolani School / Ala Wai Elementary School, UH, Ala Wai Golf Course, Parks, Diamond Head, McCully and Ala Moana Shopping Center, on/off freeway, bus lines, and more!
Recent Activity
  • Dec 09, 2024 Listed at $3,400,000
Past Sales
(Kapiolani)
Blog
More Details
  • Owner, Tax & Resale History
  • Price / ft²: $644
  • Other Homes Price / ft²
  • Cash vs Financing Buyers
  • Zoning: 13 - A-3 High Density Apartment
  • Flood Zone: Zone X
  • Elementary School: Ala Wai
  • Middle School: Washington
  • High School: Kaimuki
  • View: City, Diamond Head, Mountain
  • Property Condition: Average
  • Amenities: ADA Accessible
  • TMK: 1-2-7-19-4-0
  • Tax Assessed Land: $2,387,500
  • Tax Assessed Improvements: $223,900
  • Tax Assessed Total: $2,611,400
  • Courtesy: Locations LLC / (808) 735-4200
  • MLS: 202427989
Ask George a Question
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on March 26, 2025.Information is deemed reliable but not guaranteed.
Other Kapiolani Homes
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$2,200,000
2110 S Beretania St
6 Bds | 3 Ba
2,306 ft²
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$1,549,000
2819 Waialae Ave#D
6 Bds | 4 Ba
2,490 ft²
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$1,489,000
2127 Dole St
9 Bds | 2.5 Ba
2,220 ft²
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$1,350,000
1867 Kapiolani Blvd
5 Bds | 3 Ba
1,935 ft²
Other Honolulu Homes
Kahala
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$3,480,000
1030 Kealaolu Ave
5 Bds | 5.5 Ba
5,608 ft²
Waialae Iki
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$3,300,000
1826 Laukahi St
4 Bds | 3.5 Ba
3,576 ft²
Makiki
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$3,295,000
1901 Judd Hillside Rd
4 Bds | 4 Ba
2,185 ft²
Kahala Kua
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$3,250,000
5201 Kuaiwi Pl
5 Bds | 4.5 Ba
3,990 ft²
Hawaii Loa Ridge
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$3,250,000
550 Puuikena Dr
4 Bds | 4 Ba
3,698 ft²
Luna Kai
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$3,200,000
675 Kaumakani St
5 Bds | 3 Ba
3,149 ft²
  • Asking Price: $3,400,000
Description
Rare opportunity to own a multi-family property in a prime location on Kapiolani Blvd! This large 9,503 square feet A-3 zoned land is in the McCully/Moiliili neighborhood between University Ave and Kamoku Street. The property has 10 units total: 6 one-bedroom, one-bath units and 4 two-bedroom, one-bath units. 9-pkg stalls, 11 electric meters, 1 water meter, on-site common coin (owned) W/D laundry. The building is not in a flood zone & has C&C trash pick-up service, a potential $15-20K savings. Front bldg: 2 stories. Hollow tile (built 1959). 6 spacious one-bedroom, one-bath units (504 sqft). 1st floor units with courtyard. Back bldg: 2 stories. Hollow tile on 1st floor & wood frame on 2nd floor (built 1953). 4 two-bedroom, one-bath units (563 sqft). Fully occupied - primarily long-term tenants, most on MTM. Current rents are below market allowing buyer room to upgrade units and maximize income. Ideally located between University of Hawaii at Manoa and Waikiki. Convenient to Iolani School / Ala Wai Elementary School, UH, Ala Wai Golf Course, Parks, Diamond Head, McCully and Ala Moana Shopping Center, on/off freeway, bus lines, and more!
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on March 26, 2025.Information is deemed reliable but not guaranteed.
    • Dec 09, 2024 Listed at $3,400,000
    Other Kapiolani Homes
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    $2,200,000
    2110 S Beretania St
    6 Bds | 3 Ba
    2,306 ft²
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    $1,549,000
    2819 Waialae Ave#D
    6 Bds | 4 Ba
    2,490 ft²
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    $1,489,000
    2127 Dole St
    9 Bds | 2.5 Ba
    2,220 ft²
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    $1,350,000
    1867 Kapiolani Blvd
    5 Bds | 3 Ba
    1,935 ft²
    You do not own the land, but have the right to use the land until an expiration year. At expiration the ownership typically reverts back to the land owner.
    Buyer and Seller have reached an agreement and are under contract. The sale may be subject to one or more contingencies.
    We have handled many transactions for clients who purchase Hawaii real estate without visiting. By request, we can prepare thorough property videos to ensure you are familiar with every detail necessary. All documents can be signed remotely.
    Buyer and Seller have reached an agreement and are under contract. The sale is expected to close / record soon.
    We will be happy to work with you as a Buyer's agent. Call us to learn more: 808-943-9000.
    Note: A Seller's agent has a fiduciary responsibility towards the Seller. Working with a Buyer's agent objectives and goals are aligned, at no cost to you, the Buyer.
    Other fees could be a special assessment, reserve contributions etc.
    DOM = Days On Market. Our site shows listings immediately. A brand new listing may show DOM 2 or 3 days, if listing agent did not upload the same day listing agreement was executed.
    Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
    Learn about property tax rates.