WAIKIKI 448 Kaiolu St, Honolulu
$4,250,000 - 5,258 Sf
MLS® # 202406965
0 Beds
0 Baths
6,067 Sqft
.1 Acres
1966
Year Built
- Overview 6067 SQ. Feet, 0.10 Acres
- Listing Type Multi-Family
- Office: Standard Management LLC
Unique opportunity to acquire fee simple ownership of a strategically located parcel of land in Waikiki which is improved with a 12-unit apartment building and 6 parking stalls. This prime property is currently near the end of the ground lease term which is set to expire on January 1, 2025, presenting an investor the rare chance to own a fee simple apartment building in Waikiki. This distinguished property features a well-maintained, fully leased 12-unit apartment building, generating steady rental income. The approaching expiration of the ground lease provides a timely opportunity for investors to unlock further value through redevelopment or enhancement of the existing improvements. Ideal for investors looking to capitalize on the ground lease expiration, this property offers significant value-add opportunities. By renovating the apartment building and adjusting rents to market rates, investors can maximize returns and enhance the property’s overall value.
Essential Information
MLS® #202415757
Price$4,000,000
Bathrooms0.00
Square Footage6,067
Acres0.10
Year Built1966
TypeMulti-Family
Sub-TypeMulti-Family
Land TenureFS - Fee Simple
StatusActive
Community Information
Address437 Namahana St
AreaMetro
SubdivisionWAIKIKI
Amenities
AmenitiesNone
FeaturesApartments
Parking Spaces6
ParkingCovered
ViewNone
Utilities
Cable, Internet, Overhead Electricity, Public Water
Interior
StoriesThree
Exterior
Lot DescriptionOther
RoofComposition
ConstructionHollow Tile
FrontageOther
School Information
ElementaryAla Wai
MiddleWashington
HighMckinley
Additional Information
Date ListedJuly 9th, 2024
Monthly Lease Fees$400
Lease ExpiresJanuary 1st, 2025
Days on Market5
ZoningX2 - Apartment Precinct
Description Land TenureFS - Fee Simple
Listing Details
OfficeStandard Management LLC
Office Contact(808) 208-8107
WAIKIKI Map
Quick Details
This Property is priced at $4,000,000 and located at 437 Namahana St, . With 0 Bedrooms and 0.00 Bathrooms, it offers a total of 6067 Square feet. This Multi-Family was built in 1966 and its status is Active. This property is represented by Michael M Okamoto of Standard Management LLC, Contact Number (808) 208-8107, our team of Realtors can represent you at no additional cost.
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Based on information from the Multiple Listing Service of the HiCentral MLS®, Ltd. active listings last updated on July 15th, 2024 at 1:36pm HST. Information is deemed reliable but not guaranteed. Copyright: 2024 by the HiCentral MLS®, Ltd.
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