$18,500,000
412 Launiu Street
WAIKIKI · Honolulu · 96815 · MLS 202604570
- —beds
- 0baths
- 30,663living sqft
- Multi-familytype
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.
Building & interior
- Style
- Apartment
- Condition
- Good Condition
- Total area
- 30,663 sqft
- Lot size
- 9,064 sqft
- Year built
- 1971
- Stories
- Three Or More
- Parking
- 36 stalls · Assigned
- View
- City
Construction & features
- Cooling
- Central Air
- Construction
- Concrete
- Topography
- Level
- Lot features
- Cleared · Level
- Utilities
- Cable Available · Natural Gas Available · High Speed Internet Available · Sewer Available · Water Available · Sewer Connected
- Water
- Public
Tax & assessment
- Annual property tax
- $25,464/yr
- Tax year
- 2026
- Assessed — total
- $7,276,800
- Assessed — land
- $3,625,600
- Assessed — improvements
- $3,651,200
- TMK
- 1-2-6-017-022-0000
- Zoning
- X2 - Apartment Precinct
- Land tenure
- Fee simple
- Financing accepted
- Cash · Conventional · Exchange1031
Price history
- Original list
- $18,500,000
- Current
- $18,500,000
Listed by Moana Realty LLC
Information is from the Honolulu MLS and sources deemed reliable but is not guaranteed. Square footage, lot size, taxes, permits, and land tenure should be independently verified. Not a solicitation of property already listed.
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