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  • $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

    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!

    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#: 202421815MLS Logo

    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