438 Launiu Street, Waikiki, HI 96815

$2,100,000
Sold Price
$2,100,000
List Price
$1,995,000
Status
SOLD
Type
Multifamily
MLS#
201821357
Days on Market
143
Closing Date
Feb 14, 2019
Land Area
5,000
Year Built
1941
Neighborhood
Waikiki
Land Tenure
FS - Fee Simple

Property Description

MAJOR PRICE REDUCTION! 438 Launiu St is a rare opportunity to purchase a 4-unit fee simple multifamily property located in the heart of Waikiki, across from the Ritz Carlton. Constructed of concrete masonry in great condition, the units provide direct access to on-site street level parking. Unit Breakdown: Two 1 Bed/1 Bath units, One - 2 Bed/1 Bath, & One - 2 Bed/2 Bath unit. "Also For Sale" as a separate offering, directly adjacent is 444 Launiu St. Consists of 5 units, Two - 1 Bed/1 Bath units, Two Studios, & One - 2 Bed/2 Bath unit. Spacious units with rental upside for the new owner. Each unit is assigned their own parking spot. There is a total of 9 parking spots assigned for both buildings combined.

Additional Information

Stories Type
Two
Utilities
Cable, Internet, Public Water, Sewer Connection Reqd, Sewer Fee
View
City
Easements
None
Parking Total
4
Sqft Building
3463
Lot Size
5,000
Unit One Bed Number Of
2
Construction Materials
Concrete, Masonry/Stucco
Mls Area Major
Metro
Neighborhood
Waikiki
Frontage
Other
Year Built
1941
Tax Amount
$436
Total Income
76800
Sewer
Connected
Unit Two Bed Number Of
2
Roof
Asphalt Shingle
Recreation Facilities
Other
Parking Features
Assigned
Lot Features
Clear
Amenities
Other
Total Annual Operating Expenses
22484
Year Remodeled
2005

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Elite Pacific Properties, LLC. Selling Office: Keller Williams Honolulu.

Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2019 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.