Waikiki Multi-Family

Overview

MAJOR PRICE REDUCTION! 438 Launiu St is a rare opportunity to purchase a 4-unit fee simple multifamily property located in the heart of Waikiki, across from the Ritz Carlton. Constructed of concrete masonry in great condition, the units provide direct access to on-site street level parking. Unit Breakdown: Two 1 Bed/1 Bath units, One - 2 Bed/1 Bath, & One - 2 Bed/2 Bath unit. "Also For Sale" as a separate offering, directly adjacent is 444 Launiu St. Consists of 5 units, Two - 1 Bed/1 Bath units, Two Studios, & One - 2 Bed/2 Bath unit. Spacious units with rental upside for the new owner. Each unit is assigned their own parking spot. There is a total of 9 parking spots assigned for both buildings combined.

Property Details

Amenities: Other
Building Type: Apartments
Sold Date: 02/14/2019
Sold Price: $2,100,000
Construction Materials: Concrete, Masonry/Stucco
Location: Other
Neighborhood: Waikiki
Net Operating Income: 54316.00
Number Of Units Total: 4
Parking Features: Assigned
Parking Total: 4
Property Frontage: Other
Property Type: Multi-Family
Building SqFt: 3,463
Total SqFt: 3,463
Status: Sold
Stories: 2
Total Actual Rent: $6,300
Total Annual Operating Expenses: $22,484
Total Income: $76,800
View: City
Year Built: 1941
Year Remodeled: 2005

Additional Property Info

Active Continue To Show Date: 12/31/2018
Disclosures: None, Call Listor
Days on Market: 143
Flood Zone: Zone AO
Laundry Facilities: Coin, Dryer, Washer
Property Condition: Above Average
Roof: Asphalt Shingle
Tax Amount: $436
Tax Assessed Value: $1,612,300
Tax Assessed Value Improvements: $116,000
Tax Assessed Value Land: $1,496,300
Topography: Level
Utilities: Cable, Internet, Public Water, Sewer Connection Reqd, Sewer Fee
Zoning: X2 - Apartment Precinct

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Listing Courtesy of Elite Pacific Properties, LLC Courtesy of Jason M Carey, Elite Pacific Properties, LLC.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright 2024 by HiCentral MLS, Ltd.

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