303 Wai Nani Way

303 Wai Nani Way

Honolulu, HI 96815

$3,350,000
Price
12
Beds
2,988 Sq. Ft.
$1,121 / Sq. Ft.
2,988
Sq. Ft.
$1,121
per Sq. Ft.

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Description

Once in a lifetime opportunity to own one of the largest single parcel, fee simple, apartment zoned properties in Waikiki--one of Hawaii's most important real estate markets. Only 12 fee simple Waikiki properties over 7,000 sq. ft. have been registered as sold on the MLS in the past 3 decades. Conveniently located on a quiet residential street on the Diamond Head side of Waikiki, this spacious & level lot boasts 4 single family homes. Each 3BD/1BA home is approx. 747 sq. ft. & is separately metered...Once in a lifetime opportunity to own one of the largest single parcel, fee simple, apartment zoned properties in Waikiki--one of Hawaii's most important real estate markets. Only 12 fee simple Waikiki properties over 7,000 sq. ft. have been registered as sold on the MLS in the past 3 decades. Conveniently located on a quiet residential street on the Diamond Head side of Waikiki, this spacious & level lot boasts 4 single family homes. Each 3BD/1BA home is approx. 747 sq. ft. & is separately metered for electricity & water. Each home has its own full size washer/dryer & parking stall (5 stalls total for 6 cars, 1 stall is tandem). These tastefully upgraded vintage Waikiki Plantation homes with entryway patios & soaring 9 foot ceilings were built in 1939 & collectively evokes the charms of yesteryear Waikiki. Featured on Magnum PI! EXCELLENT income property, but development & renovation opportunities abound for its next chapter. Its superior location puts you within moments to world famous Waikiki Beach & various dining, entertainment, & employment options throughout Waikiki, Kakaako, & metro Honolulu. Buyers to complete all due diligence that they may deem material. Sold AS-IS.
  1. Listed by Wayne J Chi • License #RB-20658 • Gloria Chi Realty Inc. • (808) 941-9999

Property Details for 303 Wai Nani Way

View
None
Zoning
X2 - Apartment Precinct
Neighbourhood
WAIKIKI
Flood Zone
Zone X
Stories/Levels
One
Land Tenure
FS - Fee Simple

Location

Listing Courtesy of Gloria Chi Realty Inc., Wayne J Chi, License #RB-20658
Add your commute
LISTING UPDATED: 02/04/2024 04:48 PM

Property Details for 303 Wai Nani Way

StatusActive
MLS #202324062
Days on Market199
Taxes$548 / month
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Multi-Family
Year Built1939
Lot Size0.16 AC / 7,103 SF
CountyHonolulu County

Location

Listing Courtesy of Gloria Chi Realty Inc., Wayne J Chi, License #RB-20658
Add your commute

Virtual Tour

Building Information for 303 Wai Nani Way

Stories-Residences4Year Built1939Building Size-Lot Size0.16 AC / 7,103 SF

Payment Calculator

$18,830 per month

30 year fixed, 7.25% Interest

Principal and Interest

$18,282

Property Taxes

$548

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 303 Wai Nani Way

Summary
Location and General Information
  • Topography: Level
  • City: Honolulu
  • County Or Parish: Oahu
  • State Or Province: HI
  • Location: Other
Taxes and HOA Information
  • Tax Amount: $548.00
  • Tax Assessed Value: $1,881,800.00
  • Tax Assessed Value Improvements: $219,700.00
  • Tax Assessed Value Land: $1,662,100.00
  • Tax Paid By Seller: No
  • Tax Year: 2023
  • Parcel Number: 1-2-6-028-044-0000
  • HOA YN: No
School Information
  • Elementary School: Jefferson
  • High School: Kaimuki
  • Middle Or Junior School: Washington
Parking
  • Parking Features: Assigned, Covered, Open, Tandem
  • Parking Total: 6
  • Other Parking Features: None
Virtual Tour
Property
Lot Information
  • Property Frontage: Other
  • Property Sub Type: Multi-Family
  • Property Type: Multi-Family
  • SQFT Building: 2988.0
  • Sqft Total: 2988.0
  • Land Recorded: Regular System
  • Lot Features: Clear
  • Lot Size Area: 7103.0
  • Year Built: 1939
  • Year Remodeled: 2015
  • Building Type: Fourplex, Multi Dwellings
Property and Assessments
  • Documents: Lease Documents, P&L, Title Search
  • Photo Count: 25
  • Property Condition: Average
  • Special Listing Conditions: None
  • Disclosures: 1031 Exchange, Licensed Owner, Listor Owner, Pet on Property, Property Disclosure Stmt, Relative of Licensee
  • Foreclosure: No
  • Set Backs: C&C
  • TMK Area: 126
  • TMK Condo Property Regime Number: 0
  • TMK Division: 1
  • TMK Parcel: 44
  • TMKPLAT: 28
  • TMK Section: 6
  • TMK Zone: 2
Utilities
  • Utilities: Cable, Internet, Overhead Electricity, Public Water, Sewer Fee, Water
  • Sewer: Connected
  • Utilities Meters: Electric, Water
Interior and Exterior Features
Exterior Features
  • Amenities: None
  • Construction Materials: Above Ground, Single Wall, Wood Frame
  • Easements: Electric
  • Recreation Facilities: None
  • Roof: Asphalt Shingle
Interior Features
  • Furnished: None
  • Laundry Facilities: Dryer, Individual, Washer
Multi Family
Multi-Family Information
  • Studio Units Number Of: 0
  • Unit One Number Of Bed: 0
  • Unit Three Number Of Bed: 4
  • Unit Two Number Of Bed: 0
  • Number Of Units Total: 4
Income & Expenses
  • Total Annual Operating Expenses: $17,441.00
  • Total Income: $128,100.00
  • Expenses Include: Excise Tax, Insurance, Property Tax, Repair Maintenance
  • Net Operating Income: $110,659.00
  • Other Income: $.00
Agent
Sale and Listing
  • DOM: 107
  • Listing Service: Full Service
  • MLS: HI Central
  • MLS Area Major: Metro
  • Status: Active
  • Public Remarks: Once in a lifetime opportunity to own one of the largest single parcel, fee simple, apartment zoned properties in Waikiki--one of Hawaii's most important real estate markets. Only 12 fee simple Waikiki properties over 7,000 sq. ft. have been registered as sold on the MLS in the past 3 decades. Conveniently located on a quiet residential street on the Diamond Head side of Waikiki, this spacious & level lot boasts 4 single family homes. Each 3BD/1BA home is approx. 747 sq. ft. & is separately metered for electricity & water. Each home has its own full size washer/dryer & parking stall (5 stalls total for 6 cars, 1 stall is tandem). These tastefully upgraded vintage Waikiki Plantation homes with entryway patios & soaring 9 foot ceilings were built in 1939 & collectively evokes the charms of yesteryear Waikiki. Featured on Magnum PI! EXCELLENT income property, but development & renovation opportunities abound for its next chapter. Its superior location puts you within moments to world famous Waikiki Beach & various dining, entertainment, & employment options throughout Waikiki, Kakaako, & metro Honolulu. Buyers to complete all due diligence that they may deem material. Sold AS-IS.
  • Possession: At Closing
Showing and Remarks
  • Showing Instructions: Two Day Notice Reqd, Appointment Only, Listor Must Be Present
Rental
Rent Information
  • Tenants Responsibilities Include: Cable TV, Electricity, Other, Water
  • Total Actual Rent: $10,675.00

Property History for 303 Wai Nani Way

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 303 Wai Nani Way

Taxable ValueLand$1,662,100Additions$219,700Total$1,881,800
Tax Record2022$6,374 ($531 / month)
Home Facts
Beds3Baths4Total Finished SqFt756 SqFtAbove Grade Finished SqFt756 SqFtStories1Lot Size7,103 SqFtStyleSingle Family ResidenceYear Built1939Year Renovated1960ZoningAPT. PRECICountyHONOLULUAPN1-2-6-028-044

Schools near 303 Wai Nani Way

This home is within Hawaii Department Of Education.
Rating
School
Type
Grades
Distance
President Thomas Jefferson Elementary School
Public - PK to 5
President George Washington Middle School
Public - 6 to 8
Kaimuki High School
Public - 9 to 12
Voyager - A Public Charter School
Charter - K to 8
Rating
School
Distance
President Thomas Jefferson Elementary School
PublicPK to 5

President George Washington Middle School
Public6 to 8

Kaimuki High School
Public9 to 12

Voyager - A Public Charter School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 303 Wai Nani Way, Honolulu, HI 96815

303 Wai Nani Way is a multi-family home for sale in Honolulu, HI 96815. This property was listed for sale on October 20, 2023 by Gloria Chi Realty Inc., it's currently listed at $3,350,000. It has been on the market for a total of 199 days and was last sold on July 2, 2015. This listing's school district is Hawaii Department Of Education. Nearby schools include President Thomas Jefferson Elementary School, President George Washington Middle School and Kaimuki High School. 303 Wai Nani Way is a 12-bed, 0-bath, 2,988 sqft multi-family home built in 1939.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Gloria Chi Realty Inc., Wayne J Chi, License #RB-20658