Diamond Head Home For Sale: 3427 Waialae, Diamond Head, in Oahu

MLS: 202517012 (Active - For Sale)

Asking Price: $4,895,000 FS - Fee Simple
Type: Commercial
District: Diamond Head
Address: 3427 Waialae Avenue, Honolulu, HI
Neighborhood: Kaimuki
Beds: 0 Land Area: 11,000 SF
Parking: On Site
Days on Market: 131
(The Price of the property was lowered by $305,000 on 10/27/2025)
Year Built: 1960
Zoning: 32 - B-2 Community Business Dis
Land Recorded: Regular System
Property Taxes: $3,760
Assessed Value: $3,630,000
Assessed Ratio: 134.85%
Listing Courtesy: Commercial Inv. Strategies

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RARE FIND in super desirable Waialae neighborhood with excellent opportunity to value add and increase rents with 11,000sf B-2 zoned on TWO LOTS for flexible use. Convert comm to Resi and get use exemption to lower taxes, or convert Resi to office. Currently configured as 12 one beds with secure access and 5 comm units (2 units combine 2 spaces for 3 existing comm tenants, 1 unit used by owner for storage). All units separately metered for electric, one water meter, gas water heaters. Owned coin laundry. Resi AC owned by LL, maintained by tenants; comm AC owned and maintained by tenants. 10’ setback.

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