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3427 Waialae Ave (Kaimuki)

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3427 Waialae Ave, Honolulu
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Tracy Yamato

Tracy Yamato

Certified Residential Specialist
Realtor, RS-51972

Mobile: (808) 372-2274

Email: Tracy@HawaiiLiving.com

"Let my over 33 years of experience work for you."
Client Testimonials
We are expert real estate agents who have sold many homes in Kaimuki. We would be happy to assist you too.
Description
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 6 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.
Recent Activity
  • Oct 27, 2025 Price $4,895,000
  • Oct 27, 2025 Back to Active
  • Sep 17, 2025 Under Contract
  • Aug 03, 2025 Listed at $5,200,000
Recent Sales
(Kaimuki)
More Details
  • Owner, Tax & Resale History
  • Price / ft²: $558
  • Other Homes Price / ft²
  • Cash vs Financing Buyers
  • Zoning: 32 - B-2 Community Business Dis
  • Flood Zone: Zone X
  • View: City, Diamond Head, Sunset
  • Furnished: Partial
  • Property Condition: Above Average
  • Management Company: Self Managed
  • TMK: 1-3-2-4-11-0
  • Tax Assessed Land: $2,650,000
  • Tax Assessed Improvements: $980,000
  • Tax Assessed Total: $3,630,000
  • Courtesy: Commercial Inv. Strategies / (808) 429-1098
  • MLS: 202517028
Ask Tracy a Question
About Kaimuki
See this aerial video of Kaimuki homes.

Kaimuki - the neighborhood where world-famous Hawaiian musician Iz grew up - is conveniently located on the mauka (mountain) side of Diamond Head Crater with Kapahulu to the west and Kahala to the east. Some of Kaimuki’s perimeter streets include Kapahulu Ave between Waialae Ave and Kaimuki Ave, Kaimuki Ave, 6th Ave, Alohea Ave, Kilauea Ave up to Luawai St, Luawai St, Waialae Ave between 21st Ave and back to Kapahulu Ave.

The gently rolling hills of Kaimuki are filled with predominantly charming older homes, sometimes owned for generations wi  ..... Read more.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 08, 2025.Information is deemed reliable but not guaranteed.
Other Kaimuki Homes
$3,250,000
766 Ocean View Dr
4 Bds | 5 Ba
3,361 ft²
$3,050,000
718 10th Ave
Multi-Family

$1,987,000
4026 Harding Ave
4 Bds | 4.5 Ba
2,710 ft²
$1,950,000
3741 Harding Ave
7 Bds | 5 Ba
2,799 ft²
Other Honolulu Homes
Waikiki
$4,880,000
287 Wai Nani Way
Multi-Family

Portlock
$4,988,000
31 Poipu Dr
4 Bds | 4.5 Ba
3,768 ft²
Niu Beach
$4,999,000
5543 Kalanianaole Hwy
3 Bds | 2.5 Ba
1,622 ft²
Paiko Lagoon
$4,999,000
5949 Kalanianaole Hwy#A
4 Bds | 4.5 Ba
4,427 ft²
Makiki
$5,000,000
1254 Lunalilo St
Multi-Family

Kapiolani
$5,000,000
2009 Waiola St
Multi-Family

  • Asking Price: $4,895,000
Description
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 6 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.
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 08, 2025.Information is deemed reliable but not guaranteed.
    • Oct 27, 2025 Price $4,895,000
    • Oct 27, 2025 Back to Active
    • Sep 17, 2025 Under Contract
    • Aug 03, 2025 Listed at $5,200,000
    See this aerial video of Kaimuki homes.

    Kaimuki - the neighborhood where world-famous Hawaiian musician Iz grew up - is conveniently located on the mauka (mountain) side of Diamond Head Crater with Kapahulu to the west and Kahala to the east. Some of Kaimuki’s perimeter streets include Kapahulu Ave between Waialae Ave and Kaimuki Ave, Kaimuki Ave, 6th Ave, Alohea Ave, Kilauea Ave up to Luawai St, Luawai St, Waialae Ave between 21st Ave and back to Kapahulu Ave.

    The gently rolling hills of Kaimuki are filled with predominantly charming older homes, sometimes owned for generations wi  ..... Read more.
    Other Kaimuki Homes
    $3,250,000
    766 Ocean View Dr
    4 Bds | 5 Ba
    3,361 ft²
    $3,050,000
    718 10th Ave
    Multi-Family

    $1,987,000
    4026 Harding Ave
    4 Bds | 4.5 Ba
    2,710 ft²
    $1,950,000
    3741 Harding Ave
    7 Bds | 5 Ba
    2,799 ft²
    You do not own the land, but have the right to use the land until an expiration year. At expiration the ownership typically reverts back to the land owner.
    Buyer and Seller have reached an agreement and are under contract. The sale may be subject to one or more contingencies.
    We have handled many transactions for clients who purchase Hawaii real estate without visiting. By request, we can prepare thorough property videos to ensure you are familiar with every detail necessary. All documents can be signed remotely.
    Buyer and Seller have reached an agreement and are under contract. The sale is expected to close / record soon.
    We will be happy to work with you as a Buyer's agent. Call us to learn more: 808-943-9000.
    Note: A Seller's agent has a fiduciary responsibility towards the Seller. Working with a Buyer's agent objectives and goals are aligned, at no cost to you, the Buyer.
    Other fees could be a special assessment, reserve contributions etc.
    DOM = Days On Market. Our site shows listings immediately. A brand new listing may show DOM 2 or 3 days, if listing agent did not upload the same day listing agreement was executed.
    Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
    Learn about property tax rates.