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1909 Kahakai Dr 33 Unit Apartment Building $9,150,000 ($277,273/Unit) Honolulu, HI 96814
Investment Highlights
- Prime location between Waikiki and Ala Moana Center with easy access to beaches and retail.
- Walking distance to Hawaii Convention Center and Ala Moana Beach Park.
- 33-unit building with individually metered apartments and on-site laundry facilities.
- Strong rental demand supported by Honolulu’s thriving urban core.
Executive Summary
Positioned along the scenic Ala Wai Canal and steps from Waikiki, 1909 Kahakai Drive presents a rare opportunity to acquire a 33-unit multifamily asset in one of Honolulu’s most desirable neighborhoods. This three-story concrete building features nine one-bedroom units and 24 studios, each individually metered, with on-site laundry and 14 parking stalls. A-2 zoned land, offering long-term redevelopment potential in a high-demand rental market. Residents enjoy a quiet cul-de-sac setting with sidewalks, vinyl fencing, and landscaped grounds, while benefiting from unmatched connectivity to Ala Moana Center, Ala Moana Beach Park, and the Hawaii Convention Center. With strong rental demand driven by proximity to major employment, retail, and entertainment hubs, this asset offers investors stable income and future upside in a premier Honolulu location.
Property Facts
| Price | $9,150,000 | Building Class | C |
| Price Per Unit | $277,273 | Lot Size | 0.27 AC |
| Sale Type | Investment | Building Size | 10,458 SF |
| No. Units | 33 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1958/2008 |
| Apartment Style | Low-Rise | Parking Ratio | 1.34/1,000 SF |
| Zoning | A-2 - Residential | ||
| Price | $9,150,000 |
| Price Per Unit | $277,273 |
| Sale Type | Investment |
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 10,458 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1958/2008 |
| Parking Ratio | 1.34/1,000 SF |
| Zoning | A-2 - Residential |
Amenities
Unit Amenities
- Balcony
- Cable Ready
- Ceiling Fans
- Tile Floors
- Kitchen
- High Speed Internet Access
- Refrigerator
- Range
Site Amenities
- Laundry Facilities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 24 | - | 188 |
| 1+1 | 9 | - | 290 |
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Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (75)
Bike Score®
Very Bikeable (76)
Property Taxes
| Parcel Number | 1-2-3-036-028-0000 | Improvements Assessment | $1,838,800 |
| Land Assessment | $1,702,700 | Total Assessment | $3,541,500 |
Property Taxes
Parcel Number
1-2-3-036-028-0000
Land Assessment
$1,702,700
Improvements Assessment
$1,838,800
Total Assessment
$3,541,500
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1909 Kahakai Dr
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