Date
Details
Price
Change
Source
2/24/2026
Listed
$18,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/19
$18,500,000 Just Listed
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1/19
Property Description
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.
Full Property Details
Full Property Details for 412 Launiu St
General
- Price: $18,500,000
- Taxes: $25,464
- Status: Active
- Type: Commercial Residential Facility
- Source: Honolulu_Board_Of_Realtors
- MLS ID: 202603690
- Updated: 2/24/2026
- Added to Site: 1 day(s) ago
Business
- Business Type: Condominium, Residential
Rental Information
- Complex Features: None
Interior
- Flooring: Concrete, Other
Parking
- Total Spaces: 36
- Parking Features: On Site
Location
- Area: Metro
- County: Oahu
- Subdivision: WAIKIKI
- Building Name: Aloha Waikiki
School Information
- Elementary School: Jefferson
- Middle School: Washington
- High School: Kaimuki
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Item1Unit
Utilities
- Sewer: Connected
- Utility Description: Electricity Available, Natural Gas Available, Sewer Connected
Structural Information
- Detached/Attached: Detached
- Construction: Block, Concrete
- Stories/Levels: 7
- Square Feet: 30,663
- Year Built: 1971
- Property Condition: Good Condition
Lot Features
- Lot Size: 9064
- Frontage: City Street
- Zoning: X2 - Apartment Precinct
Financial Considerations
- Operating Expenses: $298,060
- Assessment Amount: $7,276,800
- Tax Amount: $25,464
- Tenant Pays: Other
Disclosures and Reports
- Special Conditions: None
- Disclosures/Reports: Seller Disclosure
- Disclosures/Rstr.: Seller Disclosure
- Property ID: 1-2-6-017-022-0000
Listed by Moana Realty LLC
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Listing agents
— 412 Launiu St —
Moana Realty LLC
Moana Realty LLC
peggyrealtyhawaii@gmail.com
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 412 Launiu St
School District:Hawaii Department of Education
| Name | Grades | Distance |
|---|---|---|
President Thomas Jefferson Elementary School 324 Kapahulu Avenue, Honolulu, HI 96815 | PK-5 | 1 mi |
President George Washington Middle School 1633 South King Street, Honolulu, HI 96826 | 6-8 | 0.9 mi |
Kaimuki High School 2705 Kaimuki Avenue, Honolulu, HI 96816 | 9-12 | 0.8 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 412 Launiu St
Tax History
Tax History for 412 Launiu St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$23,440
2%
$6,791,900
1%
2023
$22,905
9%
$6,697,100
2%
2022
$21,054
—
$6,544,200
9%
2022
$21,054
-3%
$6,015,400
-3%
2021
$21,608
—
$6,173,800
—
2021
$21,608
4%
$6,154,800
3%
2018
$20,859
-3%
$5,959,800
-3%
2019
$21,413
-4%
$6,118,000
-4%
2017
$22,373
4%
$6,392,400
4%
2016
$21,581
10%
$6,166,100
10%
2015
$19,702
5%
$5,629,100
3%
2013
$18,751
—
$5,442,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 412 Launiu St
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- Condo
- Active
- Updated 5 days ago
- 3Beds
- 2Total Baths
- 895Sq. Ft.
Listed by Diane O. Ito (Lic#: RB-19444) (808) 222-0978 and Patrick T. Graham (Lic#: ) (808) 387-2942
- Condo
- Active
- Updated 1 day ago
- 1Bed
- 1Total Bath
- 523Sq. Ft.
- Single Family
- Active
- Updated 5 days ago
- 4Beds
- 2Total Baths
- 2,104Sq. Ft.
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- Townhouse
- Active
- Updated 6 days ago
- 3Beds
- 3Total Baths
- 1,404Sq. Ft.
412 Launiu Street, Honolulu, HI 96815 (MLS# 202603690) is a Commercial Residential Facility property. 412 Launiu Street is currently listed for $18,500,000 and was received on February 24, 2026. Want to learn more about 412 Launiu Street? Do you have questions about finding other Commercial Residential Facility real estate for sale in Waikiki? You can browse all Waikiki real estate or contact a Coldwell Banker agent to request more information.