1463 Lusitana St

1463 Lusitana St
Honolulu, HI 96813

For Sale

Active

List Price

$8,350,000 (FS)

Property Type:: Multi-Family
Studio Units:: 0
1-Bed Units:: 2
2-Bed Units:: 18
3-Bed Units:: 0

Land Area (sf):: 11,697
Living (sf):: --
Lanai (sf):: --
Other (sf):: --

Parking Stalls:: 20 - Assigned, Covered

MLS #:: 202403457
Island:: Oahu
Region:: Metro Oahu
Neighborhood:: PUNCHBOWL-LOWER
TMK:: 1-2-1-021-016-0000

List Date:: February 12, 2024

REMARKS:

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!

View Map

PROPERTY INFORMATION:

Zoning:: 12 - A-2 Medium Density Apartme
Furnished:: Partial

Year Built:: 1974
Year Remodeled:: 2022

FINANCIAL INFORMATION:

Assd. Val. Land:: $2,104,800
Assd. Val. Imprv:: $1,785,500
Assd. Val. Total:: $3,890,300

Tax Year:: 2023
Monthly Taxes:: $1,126
Home Exempt.:: --

SCHOOLS:

Elem. School:: Lincoln
Middle School:: Stevenson
High School:: Roosevelt

OTHER PROPERTY FEATURES:

Frontage:: Other
View:: City
Pool:: --
Amenities:: A/C
Inclusions:: --
Security:: --
Assn. Fee Inclusions:: --
Other Fee Inclusions:: --

Lot Description:: Other
Topography:: Level
Number of Stories:: 4-7
Building Style:: --
Property Condition:: Excellent
Construction:: Above Ground, Hollow Tile
Roofing:: Other
Floor Covering:: --

Disclosures:: 1031 Exchange, Licensed Owner, Pet on Property
Possession:: At Closing
Terms Accept.:: Cash, Conventional, 1031 Exchange
Land Recorded:: Dual Systems

Exclusions:: --
Easements:: None
Set-Backs:: C&C

Compensation*:: 2.0
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 Wednesday, May 1, 2024. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of Standard Management LLC