Bought with Non-MLS
$8,000,000
$8,000,000
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1463 Lusitana ST Honolulu, HI 96813
Key Details
Sold Price $8,000,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision Punchbowl-Lower
MLS Listing ID 202421815
Sold Date 05/15/25
Construction Status Excellent
HOA Y/N No
Year Built 1974
Annual Tax Amount $13,616
Property Sub-Type Multi Family
Property Description
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!
Location
State HI
County Oahu
Area Metro
Interior
Cooling Central Air
Fireplace No
Laundry Coin-operated
Exterior
Parking Features Assigned, Covered
Community Features None
Utilities Available Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Phone Available, Water Available, Sewer Connected
View Y/N Yes
View City
Total Parking Spaces 20
Building
Lot Description Interior Lot, Other, Level
Entry Level Three Or More
Sewer Connected
Water Public
Level or Stories Three Or More
Construction Status Excellent
Schools
Elementary Schools Royal
Middle Schools Keelikolani
High Schools Mckinley
Others
Tax ID 1-2-1-021-016-0000
Financing Other
Special Listing Condition None
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Christina Nishiyama
SVP / Broker-in-Charge / Private Office Advisor | License ID: RB-19331
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