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!
Closed
$8,000,000
1463 Lusitana St, Honolulu, HI 96813
--beds
0baths
14,593sqft
Multi Family
Built in 1974
-- sqft lot
$7,922,100 Zestimate®
$548/sqft
$1,831 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: May 15, 2025 at 11:30am
Listed by:
Michael M Okamoto 808-208-8107,
Standard Management LLC
Bought with:
NON MLS
Non-MLS
Source: HiCentral MLS,MLS#: 202421815

Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Cooling
- Central Air
Appliances
- Laundry: Coin-operated
Interior area
- Total structure area: 14,593
- Total interior livable area: 14,593 sqft
Property
Parking
- Total spaces: 20
- Parking features: Assigned, Covered
Features
- Levels: Three Or More
- Has view: Yes
- View description: City
- Frontage type: Other
Lot
- Features: Interior Lot, Other, Level
- Topography: Level
Details
- Parcel number: 1210210160000
- Zoning description: 12 - A-2 Medium Density Apartme
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Hollow Tile
Condition
- Excellent
- Year built: 1974
- Major remodel year: 2002
Utilities & green energy
- Sewer: Connected
- Water: Public
- Utilities for property: Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Phone Available, Water Available, Sewer Connected
Community & neighborhood
Community
- Community features: None
Location
- Region: Honolulu
- Subdivision: Punchbowl-Lower
HOA & financial
Other financial information
- Total actual rent: 494760
Services availability
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$7,922,100
2% more+ $158K
With Zillow Showcase(estimated)
$8,080,542