Listing Image
MLS: 202601716 (Active - For Sale)
 
Asking Price: $6,000,000 FS - Fee Simple
Type: Multi-Family
District: Metro
Address: 1784 Ala Moana Boulevard, Honolulu, HI
Neighborhood: Waikiki
Land Area: 6,124 SF
View: City
Parking: Assigned,Open
Amenities: Other
Days on Market: 1
Year Built: 1960
Easements: Drainage,Other
Zoning: AM - Apartment Mixed Use
Land Recorded: Land Court
Property Taxes: $956
Assessed Value: $3,297,000
Assessed Ratio: 181.98%
Listing Courtesy: Koi Realty


RARE opportunity to acquire Park Plaza — offered for the first time ever. This mixed-use 6-story building is situated in a PRIME location along Ala Moana Boulevard in Waikiki and features 20 units with consistent tenant demand and meaningful upside through upgrades and long term repositioning. Investors benefit from diversified income across 19 units currently operated as residential, with potential for commercial use subject to zoning (eighteen 1/1s one 2/1 penthouse with spacious outdoor lanais) all with separate electric meters, along with a ground floor commercial space with strong foot traffic and high visibility. The Waikiki Special District Apartment Mixed Use zoning provides both residential and commercial flexibility in a highly desirable, centrally located area. On site parking (6 stalls), with several nearby monthly parking options for tenants. Close to Waikiki and Ala Moana beaches, Ala Moana Shopping Center, Convention Center, Kakaako, restaurants, dining, and more. A once-in-a-generation opportunity to own an entire mixed-use building at the gateway to both Waikiki and Ala Moana


 
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