About 412 Launiu Street
This rare offering presents a stabilized, fee-simple investment opportunity featuring a total of 36 renovated units situated in the absolute heart of Waikiki. This building is high-density asset perfectly positioned to capture the district’s premium rental rates and offers a superior unit mix designed for maximum occupancy, including TWELVE 2-bedroom/2-bathroom units, EIGHTEEN 2-bedroom/1-bathroom units, and SIX 1-bedroom/1-bathroom units. Each residence has been updated to meet modern standards, providing a turnkey experience for the next owner with significantly reduced capital expenditure requirements compared to the area’s aging inventory. In addition to the robust residential rent roll, the property features an on-site laundromat with four coin-operated washers and dryers, generating consistent ancillary income. Property may differ from tax records; buyer to do their own due diligence.
Features of 412 Launiu Street
| MLS® # | 202604570 |
|---|---|
| Price | $18,500,000 |
| Land Tenure | FeeSimple |
| Bathrooms | 0.00 |
| Acres | 0.21 |
| Year Built | 1971 |
| Type | Residential |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 412 Launiu Street |
|---|---|
| Area | Metro |
| Subdivision | WAIKIKI |
| City | Honolulu |
| County | Oahu |
| State | HI |
| Zip Code | 96815 |
Amenities
| Utilities | Cable Available, Natural Gas Available, High Speed Internet Available, Sewer Available, Water Available, Sewer Connected |
|---|---|
| Parking Spaces | 36 |
| Parking | Assigned |
| View | City |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| Stories | Three Or More |
Exterior
| Exterior | Concrete |
|---|
School Information
| Elementary | Jefferson |
|---|---|
| Middle | Washington |
| High | Kaimuki |
Listing Details
| Office | Moana Realty LLC |
|---|---|
| Contact Info | peggyrealtyhawaii@gmail.com |