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$8,000,000

  • Sold
  • Closed
  • Apartment
  • 14,593 Sq. Ft.
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20-UNIT RENOVATED APARTMENT BUILDING FOR SALE! 20-unit, renovated CMU apartment building with 20 covered and secured parking stalls, just outside downtown Honolulu. The property is 100% occupied and provides high, stable cash flow due to upgraded units, a secured building, and a convenient location. Fantastic unit mix of (18) 2-bedroom units with lanais and (2) 1-bedroom units, each with a private, secured entrance and front lanai. The entire property is fenced and gated, with keyed security doors and a roll-up gate on the parking garage. Landlord-owned, coin-operated laundry and a leased roof antenna for additional income. In addition to exterior renovations, including landscaping and a roof re-coating, unit interiors were upgraded with luxury finishes, including new paint, LVT flooring, cabinets, counters, appliances, and light and plumbing fixtures. This is an extremely rare opportunity to acquire a large, renovated, and stable building in town. Proforma 4.77% cap!

Full Property Details for 1463 Lusitana St

General

  • Sold For: $8,000,000
  • Taxes: $13,616
  • Status: Closed
  • Type: Apartment
  • Source: Honolulu_Board_Of_Realtors
  • MLS ID: 202421815
  • Added to Site: 512 day(s) ago

Rental Information

  • Complex Features: None

Rooms

Other Rooms

  • Laundry: Coin-operated

Parking

  • Total Spaces: 20
  • Parking Features: Assigned, Covered

Location

  • Area: Metro
  • County: Oahu
  • Subdivision: PUNCHBOWL-LOWER

School Information

  • Elementary School: Royal
  • Middle School: Keelikolani
  • High School: Mckinley

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air

Utilities

  • Sewer: Connected
  • Water: Public
  • Cable Available: Yes
  • Utility Description: Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Phone Available, Water Available, Sewer Connected

Structural Information

  • Structure Type: Apartment
  • Detached/Attached: Detached
  • Construction: Hollow Tile
  • Square Feet: 14,593
  • Year Built: 1974
  • Property Condition: Excellent

Lot Features

  • Property View: City
  • Lot Size: 11697
  • Topography: Level
  • Lot Features: Interior Lot, Other, Level
  • Zoning: 12 - A-2 Medium Density Apartme

Financial Considerations

  • Operating Expenses: $154,279
  • Assessment Amount: $3,888,400
  • Tax Amount: $13,616.04
  • Tenant Pays: Electricity

Disclosures and Reports

  • Special Conditions: None
  • Disclosures/Reports: 1031 Exchange, Principal is Real Estate Licensed, Pet on Property
  • Disclosures/Rstr.: 1031 Exchange, Principal is Real Estate Licensed, Pet on Property
  • Property ID: 1-2-1-021-016-0000

Listed by Standard Management LLC
Sold by Non-MLS

Listing agent

— 1463 Lusitana St —

  • Standard Management LLC

(808) 208-8107

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1463 Lusitana St

School District:Hawaii Department of Education
NameGradesDistance
Royal Elementary School
1519 Queen Emma Street, Honolulu, HI 96813
PK-50.1 mi
Princess Ruth Keelikolani Middle School
1302 Queen Emma Street, Honolulu, HI 96813
6-80.3 mi
President William Mckinley High School
1039 South King Street, Honolulu, HI 96814
9-120.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1463 Lusitana St

Date
Details
Price
Change
Source
5/15/2025
Sold
$8,000,000
—
MLS
3/09/2025
Price Increased
$8,000,000
0.06%
MLS
2/24/2025
Price Reduced
$7,995,000
-4.25%
MLS
9/25/2024
Listed
$8,350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Standard Management LLC
Sold by Non-MLS

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1463 Lusitana Street, Honolulu, HI 96813 (MLS# 202421815) is a Apartment property that was sold at $8,000,000 on May 15, 2025. Want to learn more about 1463 Lusitana Street? Do you have questions about finding other Apartment real estate for sale in Honolulu? You can browse all Honolulu real estate or contact a Coldwell Banker agent to request more information.