1463 Lusitana St
Honolulu, HI 96813

Multifamily Property For Sale · 20 Units

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))
  • Listing ID: 33287983

  • Date on Market: 9/24/2024

  • Last Updated:

  • Address: 1463 Lusitana St, Honolulu, HI 96813