Waikiki Renovated Multifamily Investment
For Sale
$18,500,000
412 Launiu Street, Honolulu, HI 96815
36 renovated units in the heart of Waikiki.
Property SizeContact for details
Days on Market169
Property Features for 412 Launiu Street
General Information
Standard status
Active
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$25,464
Amenities
Central air
Concrete Flooring
On Site
One Unit Cooling
Building Details
Year Built
1971
Listing Agency:
MOANA REALTY LLC
(808) 600-5221
Listed By:
PEGGY SY TONG KONG
Source:
Corcoran
Added: Feb 24
Changed: Aug 11
Last Checked: Aug 11 at 8:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MOANA REALTY LLC
Investment Insights
Based on property information with market context.
This is a stabilized, fee-simple investment opportunity featuring 36 renovated units located in Waikiki. The high-density asset is positioned to capture premium rental rates and offers a unit mix designed for maximum occupancy. The property includes twelve 2-bedroom/2-bathroom units, eighteen 2-bedroom/1-bathroom units, and six 1-bedroom/1-bathroom units. Each residence has been updated to meet modern standards, providing a turnkey experience for the next owner with reduced capital expenditure requirements. In addition to residential income, the property features an on-site laundromat with four coin-operated washers and dryers, generating ancillary income. The property may differ from tax records; buyer to do their own due diligence.
Key Highlights
- Stabilized, fee‑simple investment in the heart of Waikiki.
- 36 renovated units offering a turnkey experience with reduced capital expenditure.
- Superior unit mix designed for maximum occupancy (twelve 2/2, eighteen 2/1, six 1/1).
Property Analytics
Property Profile
Current Use
Location Intelligence
Demographics for 96815, HI
28,786
Population
22,804
Households
1.3
Avg Household Size
48
Median Age
47%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
13,085
Density / Sq Mi
$75,020
Median Household Income
$55,543
Median Earnings
$1,903
Median Rent
$627,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 36 renovated units in the heart of Waikiki.
Where is this apartment building located?
The property is located at 412 Launiu Street Honolulu, HI.
What is the asking price?
The asking price for this property is $18,500,000.
What are key features of this property?
This property features: Stabilized, fee‑simple investment in the heart of Waikiki.; 36 renovated units offering a turnkey experience with reduced capital expenditure.; Superior unit mix designed for maximum occupancy (twelve 2/2, eighteen 2/1, six 1/1).
