438 Launiu St
Waikiki, HI 96815

For Sale
Sold
Sold Price
$2,100,000 (FS)
List Price
$1,995,000 (FS)
Property Type:
Multi-Family
Studio Units:
0
1-Bed Units:
2
2-Bed Units:
2
3-Bed Units:
0
Land Area (sf):
5,000
Living (sf):
--
Lanai (sf):
--
Other (sf):
--
Parking Stalls:
4 - Assigned
Property Photo
MLS #:
201821357
Island:
Oahu
Region:
Metro Oahu
Neighborhood:
WAIKIKI
TMK:
1-2-6-017-047-0000
List Date:
Date Sold:

REMARKS:

MAJOR PRICE REDUCTION! 438 Launiu St is a rare opportunity to purchase a 4-unit fee simple multifamily property located in the heart of Waikiki, across from the Ritz Carlton. Constructed of concrete masonry in great condition, the units provide direct access to on-site street level parking. Unit Breakdown: Two 1 Bed/1 Bath units, One - 2 Bed/1 Bath, & One - 2 Bed/2 Bath unit. "Also For Sale" as a separate offering, directly adjacent is 444 Launiu St. Consists of 5 units, Two - 1 Bed/1 Bath units, Two Studios, & One - 2 Bed/2 Bath unit. Spacious units with rental upside for the new owner. Each unit is assigned their own parking spot. There is a total of 9 parking spots assigned for both buildings combined.

PROPERTY INFORMATION:

Zoning:
X2 - Apartment Precinct
Furnished:
--
Year Built:
1941
Year Remodeled:
2005

FINANCIAL INFORMATION:

Assd. Val. Land:
$1,496,300
Assd. Val. Imprv:
$116,000
Assd. Val. Total:
$1,612,300
Tax Year:
2017
Monthly Taxes:
$436
Home Exempt.:
--

SCHOOLS:

Elem. School:
--
Middle School:
--
High School:
--

OTHER PROPERTY FEATURES:

Frontage:
Other
View:
City
Pool:
--
Amenities:
Other
Inclusions:
--
Security:
--
Assn. Fee Inclusions:
--
Other Fee Inclusions:
--
Lot Description:
Clear
Topography:
Level
Number of Stories:
Two
Building Style:
--
Property Condition:
Above Average
Construction:
Concrete, Masonry/Stucco
Roofing:
Asphalt Shingle
Floor Covering:
--
Disclosures:
None, Call Listor
Possession:
At Closing
Terms Accept.:
Cash, Conventional, 1031 Exchange
Land Recorded:
Regular System
Exclusions:
--
Easements:
None
Set-Backs:
C&C
Compensation*:
2
Compensation Type:
--

* The offer of compensation to cooperating brokers is made only to the Participants and MLS Subscribers of HICMLS or Participants and MLS Subscribers of other Reciprocating Boards as set forth in that certain Multiple Listing Service Reciprocal Agreement, as amended from time to time, which is incorporated herein by reference.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Thursday, April 18, 2024.  Information is deemed reliable but not guaranteed.  Copyright: 2024 by HiCentral MLS, Ltd.  Listing courtesy of Elite Pacific Properties, LLC