1923 Kalani Street Honolulu, HI 96819
Five-unit apartment building in Kalihi with Industrial-Mixed Use zoning.
Property Features for 1923 Kalani Street
General Information
- Standard status
- Active
- Size
- 2,880 SF
- Property subtype
- Multi-Family / Multi-Family
Building Details
- Year Built
- 1966
Listing office Real Broker (808) 286-4174
Listing date May 4, 2026
Source Compass
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Investment Insights
Based on property information with market context.
Key Highlights
- Five‑unit apartment building provides immediate income potential.
- Industrial‑Mixed Use zoning offers long‑term flexibility.
- Four 2‑bedroom units are currently occupied, generating rental income.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $103.7k | $36.00 |
| − Vacancy | −$7.7k | −$2.66 |
| EGI | $96.0k | $33.34 |
| − OpEx | −$43.2k | −$15.00 |
| NOI | $52.8k | $18.33 |
