412 Launiu Street, Honolulu, HI 96815
- $18,500,000
- List Price
- $18,500,000
- Status
- ACTIVE
- Days on Market
- 163
- MLS#
- 202604570
- Subtype
- Residential
- Year Built
- 1971
- Lot Size
- 9,064
- Subdivision
- Waikiki
- Neighborhood
- Waikiki
- MLS Area Major
- Metro
- Land Tenure
- FS - Fee Simple
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.
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Additional Information
- Taxes
- $25,464
- Appliances
- Dryer, Washer
- Air Conditioning
- Central Air
- Levels
- Three Or More
- Parking Features
- Assigned
- Elementary School
- Jefferson
- Middle School
- Washington
- High School
- Kaimuki
- View
- City
Mortgage Calculator
Listing courtesy of Listing Agent: Peggy SY Tong Kong (peggyrealtyhawaii@gmail.com) from Listing Office: Moana Realty LLC.
Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Contact: peggyrealtyhawaii@gmail.com