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Waikiki Walina Apartments 441 Walina St 72 Unit Apartment Building For Sale Honolulu, HI 96815
Investment Highlights
- Fee simple, 72-unit multifamily asset with 3 ground-floor commercial units in prime Waikiki.
- Turnkey investment with recent renovations to units, common areas, exterior, and elevator systems.
- Walkable location just two blocks from Waikiki Beach, Kalakaua Avenue, and the International Market Place.
- Strong neighborhood fundamentals supported by nearby hospitality, retail, transit, and ongoing Kuhio Avenue corridor investment.
Executive Summary
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.
Property Facts
| Sale Type | Investment | Lot Size | 0.22 AC |
| No. Units | 72 | Building Size | 55,451 SF |
| Property Type | Multifamily | Average Occupancy | 99% |
| Property Subtype | Apartment | No. Stories | 10 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1968/2015 |
| Building Class | B | Parking Ratio | 0.61/1,000 SF |
| Zoning | U/X2/12 - Apartment (Waikiki Special District) | ||
| Sale Type | Investment |
| No. Units | 72 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.22 AC |
| Building Size | 55,451 SF |
| Average Occupancy | 99% |
| No. Stories | 10 |
| Year Built/Renovated | 1968/2015 |
| Parking Ratio | 0.61/1,000 SF |
| Zoning | U/X2/12 - Apartment (Waikiki Special District) |
Amenities
Unit Amenities
- Air Conditioning
- Balcony
- Cable Ready
- Disposal
- Microwave
- Kitchen
- Granite Countertops
- Refrigerator
- Stainless Steel Appliances
- Tub/Shower
- Views
- Freezer
- Smoke Free
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Property Manager on Site
- Disposal Chutes
- Smoke Free
- Elevator
- Maintenance on site
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 72 | - | 330 - 498 |
Exceptionally walkable
90/100
Fairly drivable
50/100
Good public transit
70/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 1-2-6-021-018-0000 | Improvements Assessment | $6,221,600 |
| Land Assessment | $3,780,000 | Total Assessment | $10,001,600 |
Property Taxes
Parcel Number
1-2-6-021-018-0000
Land Assessment
$3,780,000
Improvements Assessment
$6,221,600
Total Assessment
$10,001,600
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Waikiki Walina Apartments | 441 Walina St
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