Waikiki Multi Family

437 Namahana Street, Honolulu, Oahu 96815 Get Directions

$4,000,000

 

Total SqFt
6,067
Lot Size Area
4,500 SqFt
Land Tenure
Fee Simple
MLS #
202415757
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Overview

Fee simple, 12-unit apartment building with 6 parking stalls and coin operated laundry on-site. All tenants on month-to-month leases at an average rent of $1,250, which is low for a nice, one bedroom unit in Waikiki. This prime building recently returned to the ground lessor. Take a look at the photos of each pleasant unit to see the condition – they are all 1 bedroom / 1 bathroom units. The entire property is secured around the perimeter with a gate and there is a separate, gated-off strip of land in the back which could become a garden, outdoor common area, or bark park for pets. This property offers significant value-add opportunities. By adjusting rents to market rates, investors can maximize returns and enhance the property’s overall value.

Property Details

Building Type
Apartments
Construction Materials
Hollow Tile
Location
Other
Neighborhood
Waikiki
Net Operating Income
145514.00
Number Of Units Total
12
Parking Features
Covered
Parking Total
6
Property Frontage
Other
Property Type
Residential Income
Building SqFt
6,067
Total SqFt
6,067
Status
Active
Total Actual Rent
$176,400
Total Annual Operating Expenses
$40,486
Total Income
$186,000
Year Built
1966

Additional Property Info

Disclosures
None, Call Listor, See Remarks
Days on Market
69
Elementary School
Ala Wai
Flood Zone
Zone AO
High School
Mckinley
Laundry Facilities
Coin
Lease Expiration Date
01/01/2025
Lease Fee Month
$400
Middle/Junior School
Washington
Property Condition
Average
Roof
Composition
Tax Amount
$592
Tax Assessed Value
$2,030,500
Tax Assessed Value Improvements
$342,400
Tax Assessed Value Land
$1,688,100
Topography
Level
Utilities
Cable, Internet, Overhead Electricity, Public Water
Zoning
X2 - Apartment Precinct

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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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