412 Launiu St
Honolulu, HI 96815

For Sale
Active
List Price
$18,500,000 (FS)
Property Type:
Commercial/Industrial
Bedrooms:
--
Full Baths:
--
Half Baths:
--
Land Area (sf):
9,064
Living (sf):
--
Lanai (sf):
--
Other (sf):
--
Parking Stalls:
36 - On Site
MLS #:
202603690
Island:
Oahu
Region:
Metro Oahu
Neighborhood:
WAIKIKI
TMK:
1-2-6-017-022-0000
List Date:

REMARKS:

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.

PROPERTY INFORMATION:

Zoning:
X2 - Apartment Precinct
Furnished:
--
Year Built:
1971
Year Remodeled:
--

FINANCIAL INFORMATION:

Assd. Val. Land:
$3,625,600
Assd. Val. Imprv:
$3,651,200
Assd. Val. Total:
$7,276,800
Tax Year:
2026
Monthly Taxes:
$2,122
Home Exempt.:
--

SCHOOLS:

Elem. School:
Jefferson
Middle School:
Washington
High School:
Kaimuki

OTHER PROPERTY FEATURES:

Frontage:
Main Street
View:
--
Pool:
--
Amenities:
None
Inclusions:
--
Security:
--
Assn. Fee Inclusions:
--
Other Fee Inclusions:
--
Lot Description:
--
Topography:
--
Number of Stories:
4-7
Building Style:
--
Property Condition:
Above Average
Construction:
Concrete Block
Roofing:
Other
Floor Covering:
Concrete, Other
Disclosures:
Property Disclosure Stmt
Possession:
--
Terms Accept.:
1031 Exchange, Cash, Open, Other
Land Recorded:
Regular System
Exclusions:
--
Easements:
None
Set-Backs:
--

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Thursday, May 21, 2026.  Information is deemed reliable but not guaranteed.  Copyright: 2026 by HiCentral MLS, Ltd.  Listing courtesy of Moana Realty LLC