808-282-0503
441 Walina St, Honolulu, HI for Sale
Apartments - FOR SALE
1/32
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441 Walina St
Honolulu, HI 96815
Waikiki


HIGHLIGHTS

  • Unique opportunity to acquire a fee simple property in a high barrier to entry submarket at well below replacement cost
  • Stabilized turnkey asset, ideal for 1031 Exchange buyer, or student housing operator
  • Located just two blocks away from the world famous Waikiki Beach and Kalakaua Avenue
  • Strong demand from renters seeking a location within walking distance to dining, shopping, entertainment, and public transportation
  • Turnkey: Option to keep the current highly successful leasing and management team in place
  • Two full service grocery stores (Waikiki Market, and Target) located just steps away

OVERVIEW

The Waikiki Walina (72 studio apartments over ground floor commercial space) is an extremely rare opportunity to acquire a multifamily asset of scale in the heart of Waikiki. (The majority of Waikiki inventory is low-rise walk-ups, ~12 to 25 units.) Turnkey asset in a high-demand submarket, with demonstrated consistent high occupancy and stable cash flow. Major capital expenditures have been completed recently (full elevator modernization, exterior concrete spall repair and painting, common areas (lobby, hardscape, landscape) and all commercial and apartment units have been renovated.

FOR SALE DETAILS

PRICE

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# OF UNITS

72

CAP RATE

Request Cap Rate

% LEASED

99%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Waikiki Walina Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

10

YEAR BUILT

1968

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,450 SF

ZONING

U/X2/12

APN/PARCEL ID

1-2-6-021-018-0000

ASK ABOUT THIS PROPERTY

David AsakuraCommercial Asset AdvisorsMore Info
808-282-0503

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David AsakuraCommercial Asset AdvisorsMore Info
808-282-0503

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.