448 Kaiolu Street
$3,988,000
448 Kaiolu Street, Honolulu, HI 96815
For Sale
Multifamily
Garden Low Rise
Active
Last Updated: 02/26/2025
5.36
Cap Rate
5.54
Pro Forma Cap Rate
Details:
Cap Rate: 5.36%
Pro Forma Cap Rate : 5.54%
NOI: $227,904
Building Size: 5,258 sqft
Lot Area: 6,241 sqft
Occupancy: 100%
Class: B
Units: 11
Average Room Size: 478 sqft
Year Built: 1953
Price Per Unit: $386,364
Zoning: Waikiki Special District--Apartment
Floors: 2
Parking Spots: 4
Year Last Renovated: 2024
Construction Status: complete
Roof: Custom/Specialty
Floor: Concrete, Other
CeilingHeight: 300
Highlights:
- • 11 One Bedroom Units
- • Parking Stalls: 4
- • Zoning: Waikiki Special District--Apartment
- • Year Built: 1953
- • Land SQFT: 6,241
- • Building SQFT: 5,258
Description:
Prize property completely renovated with stellar income in Waikiki. Look no further for a turn-key investment in the heart of Waikiki with excellent walkability scores--shops and restaurants, transportation, and world-famous Waikiki Beach, blocks from this gem. Eleven one-bedroom units meticulously refurbished for maximum rentability and 100% occupied. All units separately metered for electricity and tenants pay their own. Owned coin laundry. Add'l income from parking fee included in rent. Buyer to accept existing survey to be provided in due diligence package with accepted offer.
Location
Gallery
