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SOLD
MLS: 202421815
 
Asking Price: $8,000,000 FS - Fee Simple
Sold Price: $8,000,000
Sold Date: 05/15/2025
Type: Multi-Family
District: Metro
Address: 1463 Lusitana Street, Honolulu, HI
Neighborhood: Punchbowl-lower
Land Area: 11,697 SF
View: City
Parking: Assigned,Covered
Amenities: A/C
Days on Market: 456
(The Price of the property was lowered by $350,000 on 03/09/2025)
Year Built: 1974
Zoning: 12 - A-2 Medium Density Apartm
Land Recorded: Dual Systems
Property Taxes: $1,134,.67
Assessed Value: $3,888,400,.00
Assessed Ratio: 205.74%
Listing Courtesy: Standard Management LLC
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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!


 
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