2517 Ala Wai Blvd, Honolulu, HI, 96815
About This Home
Phenomenal return on existing rents with upside! 19 unit apartment building with 2 buildings consisting of 16 studios and 3 one/ones. All units occupied with stable tenant base. Nicely maintained interiors with good layouts w excellent functionality. Coin washer and dryer, resident manager, trash service. Shared driveway on Ewa side, some separate meters for electric, though owner pays electric for all front bldg and 2 back bldg units, gas, and water. Do not walk property nor disturb the tenants. Bill 7 development possible, owner has some dd items to share with accepted offer.
Getting Around
Walker's Paradise
Good Transit
Biker's ParadiseSchools
Construction
Condition
- Property condition: Average Condition
- Year built: 1942
Materials
- Construction materials: Masonry,Stucco,Wood Frame
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Laundry features: Coin-operated
Interior Area
- Total structure area: 6,259
- Total interior livable area: 6,259 sqft
Property
Details
- Parcel number: 1260250410000
- Zoning description: X2 - Apartment Precinct
- Special condition: None
Features
- Levels: Two
- Stories: 2
- Has view: Yes
- View description: None
- Frontage type: Canal
- Topography of land: Level
Lot
- Features: Interior Lot,Other,Level
Parking
- Total spaces: 3
- Parking features: Assigned
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Inland Flooding
- Lightning
- Coastal Flooding
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Hawaii Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $19,214 | $230,568 |
| Home Insurance * | $169 | $2,028 |
| Property Taxes | $1,188 | $14,256 |
| Electricity | $2,015 | $24,186 |
| Total | $22,586 | $271,032 |
Income You'd Need if You Spent...
Hawaii FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-10 | Listed for sale | $3,800,000 |
| 2025-12-29 | Listing removed | $3,988,000 |
| 2025-04-15 | Price change | $3,988,000 |
| 2025-02-20 | Listed for sale | $4,580,000 |
| 2023-02-28 | Listing removed | $4,500,000 |
| 2023-01-13 | Listed for sale | $4,500,000 |
| 2023-01-13 | Listing removed | -- |
| 2022-09-23 | Listed for sale | $4,500,000 |
| 2020-10-15 | Listing removed | $990 |
| 2020-09-11 | Listed for rent | $990 |
| 2020-06-09 | Listing removed | $990 |
| 2020-06-03 | Listed for rent | $990 |
| 2020-01-27 | Listing removed | $1,250 |
| 2019-11-20 | Listed for rent | $1,250 |
| 2019-06-25 | Listing removed | $1,200 |
| 2019-05-11 | Price change | $1,200 |
| 2019-04-04 | Listed for rent | $1,400 |
| 2018-12-01 | Listing removed | $1,200 |
| 2018-10-19 | Listed for rent | $1,200 |
| 2018-09-16 | Listing removed | $990 |
| 2018-08-12 | Price change | $990 |
| 2018-06-07 | Listed for rent | $1,600 |
| 2018-02-25 | Listing removed | $1,300 |
| 2018-02-17 | Listed for rent | $1,300 |
| 1996-10-31 | Sold | $70,000 |
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