This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

448 Kaiolu St

11 Unit Block of Flats £3,120,411 (£283,674/Unit) 5.71% Net Initial Yield Honolulu, HI 96815

Investment Highlights

  • Total Units: 11 1 Bedroom Units: 11
  • Zoning: X-2
  • Land SQFT: 6,241
  • Parking Stalls: 4
  • Year Built: 1953
  • Interior SQFT: 5,258

Executive Summary

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.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £3,120,411
Price Per Unit £283,674
Sale Type Investment
Net Initial Yield 5.71%
Sale Conditions 1031 Exchange
Gross Rent Multiplier 5.36
No. Units 11
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.14 AC
Building Size 6,348 SF
Average Occupancy 100%
Number of Floors 2
Year Built/Renovated 1953/2024
Parking Ratio 0.63/1,000 SF

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 11 - -
Walk Score ®
Walker's Paradise (90)
Bike Score ®
Biker's Paradise (93)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code U/X2/12 (Apartment - Waikiki Special District.)
U/X2/12 (Apartment - Waikiki Special District.)
  • Listing ID: 31323276

  • Date on Market: 25/03/2024

  • Last Updated:

  • Address: 448 Kaiolu St, Honolulu, HI 96815

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}