1463 Lusitana St
Honolulu, HI 96813
Multifamily Property For Sale · 20 Units
![1463 Lusitana St, Honolulu, HI for sale - Building Photo - Image 1 of 9](https://images1.loopnet.com/i2/q8p8i1ieYPwZ1o5xwsW4lAdOLfnppICrHpS-whpXecU/110/1463-Lusitana-St-Honolulu-HI-Building-Photo-1-Large.jpg)
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EXECUTIVE SUMMARY
20-unit fully renovated CMU apartment building in the heart of Honolulu with 20 covered parking stalls! Property is 100% leased and provides excellent, stable cash flow with income/expenses stated being based on in-place leases and budgeted expenses for the year. Property underwent a full renovation in 2021-2022 which included roof re-coating, new fences/security gates as well as a roll-down parking gate. Interior luxury finishes were completed in each unit with new paint, flooring, cabinets, counters, light and plumbing fixtures. This is an extremely rare opportunity to acquire a large, stabilized apartment building in town!
PROPERTY FACTS
Price Per Unit | $417,500 |
Sale Type | Investment |
No. Units | 20 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.27 AC |
Building Size | 14,593 SF |
Average Occupancy | 100% |
No. Stories | 3 |
Year Built | 1974 |
Parking Ratio | 1.37/1,000 SF |
UNIT AMENITIES
- Balcony
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Public Transportation
- Individual Locking Bedrooms
- Smoke Detector
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
1+1 | 2 | - | - |
2+1 | 18 | - | - |
ZONING
Zoning Code | A-2 (A-2 (Medium Density Apartment)) |