Tour
$10,000 Closing Credit¹
#202509883, Listing Office: Real Broker, LLC
Property details
About 54 Maluniu Ave
5% cap rate on current income! This exceptional property offers 10 apartment units and 2 ground floor retail units in prestigious Kailua. The building was majorly renovated inside and outside including replacement of all utilities, new silicone waterproof roof and commercial grade gutter systems, all new stainless steel appliances, flooring, interiors, fencing and painting. All apartment units have dual-pane glass vinyl windows and balcony sliding doors, LED lighting, split AC units in bedrooms and living rooms, and individual full-size stacked LG washer-dryers located on the balconies. The 2 retail spaces benefit from a high visibility location in this upscale retail corridor. In addition to abundant street parking in the immediate area, there are 7 covered parking stalls. Located just moments from Whole Foods Market and Kailua Beach. This is a trophy, renovated asset in an incredibly desirable submarket where investment properties are rarely available for sale and could be “turnkey” for a buyer. The apartments and retails units have been split into separate TMKs (1-4-3-31-27-1 & -2) for lower property tax rates.
Highlights
Home typeMulti Family
StatusActive
Year built1965
ParkingAssigned, Covered
MLS #202510044
WaterfrontOther
ViewMountain(s)
Virtual tour
Summary
- Appliances: Dryer, Washer
- Parking: Assigned, Covered
- Waterfront: Other
- View: Mountain(s)
- List Price: $5,890,000
- Annual Tax Amount: $24,146
- Tax Year: 2024
- Lot: Cleared, Other, Level
- Year Built: 1965
- MLS Number: 202510044
- 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: 5/28/2025, 7:20:34 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$5,890,000
54 Maluniu Ave
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Nov 25, 2022 | Home Sold | $3,315,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $2,245,600 | $24,146 |
| 2023 | $1,947,300 | $23,832 |
| 2022 | $1,922,000 | $23,832 |
| 2021 | $1,951,900 | $24,203 |
| 2020 | $1,978,400 | $24,532 |
| 2019 | $1,962,400 | $20,808 |
| 2018 | $1,678,100 | $20,808 |
| 2017 | $1,500,700 | $18,608 |
History based on county public records data.
Nearby schools
2
Kailua Elementary School
Public District PK-6
0.2 mi
•315 Kuulei Rd
10
Ka'Ohao Public Charter School
Public Charter PK-6
1.0 mi
•140 Alala Rd
6
Kaelepulu Elementary School
Public District PK-6
1.1 mi
•530 Keolu Dr
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 $61,607. The most common annual income of people living in Kailua, HI is between $35k-100k. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
32%
<35k
38%
35k-100k
25%
100k-200k
5%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
48%
Single, No Kids
9%
Single, with Kids
26%
Married, No Kids
17%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
6%
12-17 yrs old
23%
18-34 yrs old
42%
35-64 yrs old
17%
65+ yrs old
What do the neighbors do for fun?
Symphony or Opera
Hiking/backpacking
Yoga/pilates
Where do the neighbors shop?
Chico's
Nordstrom Rack
H&M
Where do the neighbors go to eat?
Boston Market
Chipotle
Dominos Pizza
What do the neighbors drive?
Volvo
Mazda
Audi
What do the neighbors listen to?
Talk/Personality
Rock
Alternative
All data provided by Home Junction and Claritas
Similar homes for sale
This home is located at 54 Maluniu Ave in Kailua, HI and zip code 96734 in the Kailua neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since April 21, 2025 and is currently priced at $5,890,000.
In April 2025 more than 16 listings in Kailua, HI were sold above the asking price. During the same period more than 13 listings were sold at asking price, while more than 29 were sold below. The number of homes for sale in Kailua, HI increased by 17.1% between March and April 2025. While the average time on the market in April 2025 was 27 days, the median list price was $1,150,000.
From Rocket Homes Real Estate and based on county public records data.