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  • $8,000,000

    1463 Lusitana St, Honolulu, HI 96813

    --beds
    0baths
    14,593sqft
    Multi Family
    Built in 1974
    -- sqft lot
    $7,928,400 Zestimate®
    $548/sqft
    $2,686 Estimated rent

    Home value

    $7,928,400

    $7.29M - $8.56M

    $2,686/mo

    Zestimate® history
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    $2,686/mo

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    $2,686/mo

    Rent Zestimate®

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    $35,688/mo

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    $35,688/mo

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    What's special

    Luxury finishesExterior renovationsUpgraded unitsPrivate secured entranceKeyed security doors
    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!

    Zillow last checked:

    Listing updated:

    Listed by:

    Michael M Okamoto 808-208-8107,

    Standard Management LLC

    Bought with:

    NON MLS

    Non-MLS

    Source: HiCentral MLS,MLS#: 202421815MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Cooling
    • Central Air
    Appliances
    • Laundry: Coin-operated
    Interior area
    • Total structure area: 14,593
    • Total interior livable area: 14,593 sqft

    Property

    Parking
    • Total spaces: 20
    • Parking features: Assigned, Covered
    Features
    • Levels: Three Or More
    • Has view: Yes
    • View description: City
    • Frontage type: Other
    Lot
    • Features: Interior Lot, Other, Level
    • Topography: Level
    Details
    • Parcel number: 1210210160000
    • Zoning description: 12 - A-2 Medium Density Apartme
    • Special conditions: None

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Hollow Tile
    Condition
    • Excellent
    • Year built: 1974
    • Major remodel year: 2002

    Utilities & green energy

    • Sewer: Connected
    • Water: Public
    • Utilities for property: Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Phone Available, Water Available, Sewer Connected

    Community & neighborhood

    Community
    • Community features: None
    Location
    • Region: Honolulu
    • Subdivision: Punchbowl-Lower

    HOA & financial

    Other financial information
    • Total actual rent: 494760

    Price history

    DateEventPrice
    5/15/2025Sold$8,000,000$548/sqft
    Source: HiCentral MLS #202421815 Report a problem
    4/4/2025Contingent$8,000,000$548/sqft
    Source: HiCentral MLS #202421815 Report a problem
    3/9/2025Price change$8,000,000+0.1%$548/sqft
    Source: HiCentral MLS #202421815 Report a problem
    2/24/2025Price change$7,995,000-4.3%$548/sqft
    Source: HiCentral MLS #202421815 Report a problem
    9/25/2024Listed for sale$8,350,000$572/sqft
    Source: HiCentral MLS #202421815 Report a problem
    5/30/2024Listing removed$8,350,000$572/sqft
    Source: HiCentral MLS #202403457 Report a problem
    2/12/2024Listed for sale$8,350,000$572/sqft
    Source: HiCentral MLS #202403457 Report a problem
    6/17/2019Listing removed$1,275
    Source: Zillow Rental Manager Report a problem
    5/24/2019Listed for rent$1,275
    Source: Zillow Rental Manager Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$13,609 0%$3,888,400 0%
    2024$13,616 +0.7%$3,890,300 +0.7%
    2023$13,518 +8.7%$3,862,200 +8.7%
    2022$12,434 +20.3%$3,552,700 +20.3%
    2021$10,336 -2.6%$2,953,100 -2.6%
    2020$10,610 +8.7%$3,031,400 +8.7%
    2019$9,759 +5.8%$2,788,200 +5.8%
    2018$9,220 +6.5%$2,634,200 +6.5%
    2017$8,653 +3.9%$2,472,400 +3.9%
    2016$8,332 +6.4%$2,380,600 +6.4%
    2015$7,833 $2,238,100 +0.3%
    2014-- $2,230,300

    Find assessor info on the county website

    Neighborhood: Punchbowl

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Royal
    • Middle: Keelikolani
    • High: Mckinley

    Source: HiCentral MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

    Sell for more on Zillow
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    $7,928,400
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    +$158K
    With Zillow Showcase(estimated)
    $8,086,968