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    1408 Lusitana St Honolulu, HI 96813

    Picture of Apartment buildings at Lusitana St 1408, Honolulu, HI
    Under Contract
    For Sale
    $2,989,000

    MULTI_FAMILY - Honolulu, HI

    Days on Market:
    24
    Last Refresh:
    Dec 5 at 1:06 pm

    Property Features for 1408 Lusitana St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    1-2-1-022-017-0000
    Parking
    12
    Parking features
    Assigned
    Appliances
    Dryer, Washer

    Utilities

    Utilities
    Cable Available
    Water source
    Public

    Building Details

    Year built
    1958
    Floors in Building
    2
    Number of units
    12
    Building materials
    Hollow Tile

    List Sotheby's International Realty (808) 735-2411 [email protected]

    Listing agent Esther Park Kusunoki (808) 735-2411 License #RB-21002

    Listing date Nov 12, 2025

    MLS# 202525339 Listing URL

    Copyright © 2025 Honolulu Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Honolulu Multifamily Investment Opportunity

    Located near Queens, Punchbowl, and Downtown Honolulu, this multifamily property features 12 one-bedroom units and 12 parking spaces. The parking includes 8 single stalls and 2 tandem stalls. Situated on Lusitana St, the property offers convenient access to the freeway. Eight of the twelve units have been renovated. The ground floor units are larger and include courtyards, while the second-floor units each have lanais. Constructed with hollow tile, the property spans a lot size of 8037 acres. The property has been professionally managed and well-maintained, presenting an excellent investment opportunity for cash flow investors.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Map

    City
    Honolulu
    County
    Honolulu
    State
    Hawaii
    Longitude
    -157.853271
    Latitude
    21.309704

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    FAQs

    What type of property is this?
    Apartment building - Honolulu multifamily property with renovated units and parking.
    Where is this apartment building located?
    The property is located at 1408 Lusitana St Honolulu, HI.
    What is the asking price?
    The asking price for this property is $2,989,000.
    What are key features of this property?
    This property features: - Great location near Queens/Punchbowl/Downtown with easy freeway access.; - 12 one-bedroom units with 12 parking spaces.; - **8 out of 12 units have been renovated.**
    (808) 735-2411
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1408 Lusitana St Honolulu, HI 96813
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