Darlani Apartments | 254 Kaiulani Ave
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Darlani Apartments 254 Kaiulani Ave
15 Unit Apartment Building $4,900,000 ($326,667/Unit) 4.63% Cap Rate Honolulu, HI 96815
Investment Highlights
- Total Units: 15 -- 14 One-Bed, 1 Three-Bed
- Zoning: X2-Apartment Precinct
- Land SQFT: 4,505 & Interior SQFT: 6,792
- Parking: 4
- Year Built: 1960
Executive Summary
Charming building with timeless, stunning tile facade in the heart of Waikiki--a sparkling jewel to add to your portfolio with excellent income and covered parking. All units are separately metered for electric, one water meter, hollow tile construction, and nice, spacious units, each with its own patio/balcony. Huge 3 bed, 2 bath Penthouse and 14 one-bedrooms, and 260' height limit, should you want to redevelop. Refurbished railings and all interiors have been redone with high end, durable tile and upgraded bathrooms and kitchens. Camera security. Monthly rent from parking and coin laundry with machines leased from WASH = extra income. Buyer to accept existing survey performed by Towill, Shigeoka & Associates Inc. on December 18, 2021.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $4,900,000 | Apartment Style | Low Rise |
| Price Per Unit | $326,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 4.63% | Building Size | 6,336 SF |
| Sale Conditions | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 15 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1960/2008 |
| Property Subtype | Apartment | Parking Ratio | 0.41/1,000 SF |
| Price | $4,900,000 |
| Price Per Unit | $326,667 |
| Sale Type | Investment |
| Cap Rate | 4.63% |
| Sale Conditions | 1031 Exchange |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 6,336 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1960/2008 |
| Parking Ratio | 0.41/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 14 | - | 600 |
| 3+2 | 1 | - | 750 |
1 of 1
Walk Score ®
Walker's Paradise (90)
Bike Score ®
Biker's Paradise (98)
zoning
| Zoning Code | X2 (Apartment Precinct) |
| X2 (Apartment Precinct) |
-
Christina Low Dwight -
Commercial Investment Strategies LLC
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Darlani Apartments | 254 Kaiulani Ave
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