Punchbowl-lower Multi Family

1463 Lusitana Street, Honolulu, Oahu 96813 Get Directions

$8,000,000

 

Total SqFt
14,593
Lot Size Area
11,697 SqFt
Land Tenure
Fee Simple
MLS #
202421815
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Overview

20-UNIT RENOVATED APARTMENT BUILDING FOR SALE! 20-unit, renovated CMU apartment building with 20 covered and secured parking stalls, just outside downtown Honolulu. The property is 100% occupied and provides high, stable cash flow due to upgraded units, a secured building, and a convenient location. Fantastic unit mix of (18) 2-bedroom units with lanais and (2) 1-bedroom units, each with a private, secured entrance and front lanai. The entire property is fenced and gated, with keyed security doors and a roll-up gate on the parking garage. Landlord-owned, coin-operated laundry and a leased roof antenna for additional income. In addition to exterior renovations, including landscaping and a roof re-coating, unit interiors were upgraded with luxury finishes, including new paint, LVT flooring, cabinets, counters, appliances, and light and plumbing fixtures. This is an extremely rare opportunity to acquire a large, renovated, and stable building in town. Proforma 4.77% cap!

Property Details

Amenities
A/C
Building Type
Apartments
Construction Materials
Above Ground, Hollow Tile
Location
Inside
Neighborhood
Punchbowl-lower
Net Operating Income
401746.00
Number Of Units Total
20
Parking Features
Assigned, Covered
Parking Total
20
Property Frontage
Other
Property Type
Residential Income
Building SqFt
14,593
Total SqFt
14,593
Status
Active
Total Actual Rent
$41,555
Total Annual Operating Expenses
$154,514
Total Income
$556,260
View
City
Year Built
1974
Year Remodeled
2002

Additional Property Info

Disclosures
1031 Exchange, Licensed Owner, Pet on Property
Elementary School
Royal
Flood Zone
Zone X
High School
Mckinley
Laundry Facilities
Coin
Middle/Junior School
Keelikolani
Property Condition
Excellent
Roof
Other
Tax Amount
$1,135
Tax Assessed Value
$3,890,300
Tax Assessed Value Improvements
$1,785,500
Tax Assessed Value Land
$2,104,800
Topography
Level
Utilities
Cable, Internet, Overhead Electricity, Public Water, Telephone, Water
Zoning
12 - A-2 Medium Density Apartme

Location (Also shows similar listings) Get Directions

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Listing Courtesy of Standard Management LLC Courtesy of Michael M Okamoto, Standard Management LLC.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright 2025 by HiCentral MLS, Ltd.

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