#202509972, Listing Office: List Sothebys Intl Realty
Property details
About 1463 Lusitana St
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!
Highlights
Home typeMulti Family
StatusAccepting Backup Offers
(Active Under Contract)
(Active Under Contract)
Year built1974
ParkingAssigned, Covered
MLS #202421815
WaterfrontOther
ViewCity
Summary
- Parking: Assigned, Covered
- Waterfront: Other
- View: City
- List Price: $8,000,000
- Annual Tax Amount: $13,517
- Tax Year: 2024
- Lot: Interior Lot, Other, Level
- Year Built: 1974
- MLS Number: 202421815
- MLS Name: HICMLS
- Office Name: Standard Management LLC
- Office Phone: (808) 208-8107
- Agent Phone: (808) 208-8107
- Agent Email: mike@standardcommercial.com
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright: 2025 by HiCentral MLS, Ltd.
Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company’s active listing, you may speak to one of our agents regarding your options for representation.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/2/2025, 3:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$8,000,000
1463 Lusitana St
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $3,890,300 | $13,517 |
| 2023 | $3,862,200 | $12,434 |
| 2022 | $3,552,700 | $12,434 |
| 2021 | $2,953,100 | $10,335 |
| 2020 | $3,031,400 | $10,609 |
| 2019 | $2,788,200 | $9,219 |
| 2018 | $2,634,200 | $9,219 |
| 2017 | $2,472,400 | $8,653 |
History based on county public records data.
Nearby schools
3
Royal Elementary School
Public District PK-5
0.1 mi
•1519 Queen Emma St
5
Kauluwela Elementary School
Public District PK-5
0.7 mi
•1486 Aala St
6
Pauoa Elementary School
Public District PK-5
0.8 mi
•2301 Pauoa Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $46,487. Typical income of Honolulu, HI residents is between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
36%
<35k
47%
35k-100k
17%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
64%
Single, No Kids
9%
Single, with Kids
16%
Married, No Kids
11%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
5%
12-17 yrs old
25%
18-34 yrs old
43%
35-64 yrs old
15%
65+ yrs old
What do the neighbors do for fun?
Major League Soccer (MLS)
Pro Boxing
Art Museums
Where do the neighbors shop?
Banana Republic
IKEA
Bloomingdales
Where do the neighbors go to eat?
Jack In The Box
Quiznos
Starbucks
What do the neighbors drive?
Toyota
Lexus
Audi
What do the neighbors listen to?
Jazz
Soft Adult Contemporary
News
All data provided by Home Junction and Claritas
Similar homes for sale
This home is located at 1463 Lusitana St in Honolulu, HI and zip code 96813 in the Downtown neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since September 25, 2024 and is currently priced at $8,000,000.
Over 34 listings were sold over their listed price in April 2025 in Honolulu, HI. In the same period over 176 listings were sold below the listed price and 53 listings were sold for the listed price. The number of listings in Honolulu, HI increased by 15.5% between March and April 2025. While the average time on the market in April 2025 was 72 days, the median list price was $699,429.
From Rocket Homes Real Estate and based on county public records data.