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Keishi Takashima

keishi@origamirealtyhawaii.com +1(808) 650-5387

Listed by Moana Realty LLC

$ 18,500,000

Est. payment -/mo

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Active

412 Launiu ST Honolulu, HI 96815

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Waikiki

MLS Listing ID 202604570

Construction Status Good Condition

HOA Y/N No

Year Built 1971

Annual Tax Amount $25,464

Property Sub-Type Multi Family

Property Description

This rare offering presents a stabilized, fee-simple investment opportunity featuring a total of 36 renovated units situated in the absolute heart of Waikiki. This building is high-density asset perfectly positioned to capture the district's premium rental rates and offers a superior unit mix designed for maximum occupancy, including TWELVE 2-bedroom/2-bathroom units, EIGHTEEN 2-bedroom/1-bathroom units, and SIX 1-bedroom/1-bathroom units. Each residence has been updated to meet modern standards, providing a turnkey experience for the next owner with significantly reduced capital expenditure requirements compared to the area's aging inventory. In addition to the robust residential rent roll, the property features an on-site laundromat with four coin-operated washers and dryers, generating consistent ancillary income. Property may differ from tax records; buyer to do their own due diligence.

Location

State HI

County Oahu

Area Metro

Interior

Cooling Central Air

Fireplace No

Appliance Dryer, Washer

Laundry Coin-operated

Exterior

Parking Features Assigned

Utilities Available Cable Available, Natural Gas Available, High Speed Internet Available, Sewer Available, Water Available, Sewer Connected

View Y/N Yes

View City

Total Parking Spaces 36

Building

Lot Description Cleared, Level

Dwelling Type Apartment

Entry Level Three Or More

Sewer Connected

Water Public

Level or Stories Three Or More

Construction Status Good Condition

Schools

Elementary Schools Jefferson

Middle Schools Washington

High Schools Kaimuki

Others

Tax ID 1-2-6-017-022-0000

Special Listing Condition None

Mortgage Calculator

/monthly

Breakdown

Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.

Amenities & Attractions

Restaurants

Home Services

Health & Medical

Local Services

Shopping

Recreation

Arts & Entertainment

Food

Beauty

Nightlife

Event Planning & Services

Automotive

Religious Organizations

Financial Services

Professional Services

Travel

Public Services & Government

Local Media

Education

Cheeseburger Waikiki

1945 Kalakaua Ave, Honolulu, HI 96815

Diners Phone: 877-270-3297
The Modern Honolulu Restaurants & Bar

1775 Ala Moana Blvd, Honolulu, HI 96815

Bars Phone: 808-943-5800
Panda Express

2233 Kalakaua Ave, Honolulu, HI 96815

Chinese Phone: 808-924-8886
Azure Restaurant

2259 Kalakaua Ave, Honolulu, HI 96815

Seafood Phone: 808-923-7311
Subway

2250 Kalakaua Ave, Honolulu, HI 96815

Sandwiches Phone: 808-921-2008
Tanaka of Tokyo Central

2250 Kalakaua Ave, Honolulu, HI 96815

Japanese Phone: 808-922-4702
Wood & Bucket Tapas Bar and Grill

2375 Ala Wai Blvd, Honolulu, HI 96815

American (Traditional) Phone: 808-922-4744
Grand Carving Station

2233 Kalakaua Avenue, Honolulu, HI 96815

Seafood Phone: 808-922-2226
D J Plaza Yakiniku

2250 Kalakaua Ave, Honolulu, HI 96815

Korean Phone: 808-923-1999
Tony Roma’s

1972 Kalakaua, Honolulu, HI 96815

Steakhouses Phone: 808-942-2121
Broasters Chicken

2025 Kalakaua Ave, Honolulu, HI 96815

Southern Phone: 808-942-0075
Aloha Sushi

1778 Ala Moana Blvd, Honolulu, HI 96815

Japanese Phone: 808-955-5223
McDonald’s

1778 Ala Moana Blvd, Honolulu, HI 96815

Burgers Phone: 808-973-2354
Monsoon India

1778 Ala Moana Blvd, Honolulu, HI 96815

Indian Phone: 808-941-5111
Arancino on Beachwalk

255 Beachwalk Ave, Honolulu, HI 96815

Beer, Wine & Spirits Phone: 808-923-5557
Pizazz

2028-2032 Kalia Rd, Honolulu, HI 96815

Pizza
Round Table Pizza

2005 Kalia Rd, Honolulu, HI 96815

Pizza Phone: 808-955-0137
Tony’s Falafel and Kosher Middle Eastern Food

Dukes Ln, Honolulu, HI 96815

Middle Eastern Phone: 808-861-1758
Tutu’s Hawaiian Food

333 Royal Hawaiian Ave, Honolulu, HI 96815

Hawaiian
Cheeseburger Beachwalk

226 Lewers St, Honolulu, HI 96815

Burgers Phone: 866-257-4550
Germaine’s Luau

438 Hobron Ln, Honolulu, HI 96815

Hawaiian Phone: 800-367-5655
Tropics Bar & Grill

2005 Kalia Rd, Honolulu, HI 96815

Seafood Phone: 808-949-4321
Prince Court

100 Holomoana St, Honolulu, HI 96815

Buffets Phone: 808-944-4494
Fresco Italian Restaurant

2005 Kalia Rd, Honolulu, HI 96815

Seafood Phone: 888-988-7102
Misamiya Japanese Restaurant

Kapiolani Blvd, Honolulu, HI 96815

Japanese
Red Lobster

1765 Ala Moana Blvd, Honolulu, HI 96815

Seafood Phone: 808-955-5656
Sarentos Top of the Ilikai

1777 Ala Moana Blvd, Honolulu, HI 96815

Mediterranean Phone: 808-955-5559
Subway

1919 Kalakaua Ave, Honolulu, HI 96815

Sandwiches Phone: 808-947-5552
Alana Bistro

1956 Ala Moana Blvd, Honolulu, HI 96815

Lounges
Café Grand Harue

1911 Kalakaua Ave, Honolulu, HI 96815

Thai Phone: 808-312-4399
Kornetti

444 Niu St, Honolulu, HI 96815

Cafes Phone: 808-926-5676
Chart House Waikiki

1765 Ala Moana Blvd, Honolulu, HI 96815

Lounges Phone: 877-927-2472

Educational Environment

Elementary Schools (1)

Name