WAIKIKI

$4,000,000

  • MLS® #: 202415757
  • 437 Namahana St
  • Honolulu, HI 96815

WAIKIKI

$4,000,000

  • MLS® #: 202415757
  • 437 Namahana St
  • Honolulu, HI 96815
0 Beds
0 Baths
6,067 Sqft
.1 Acres
1966
Year Built
  • Overview 6067 SQ. Feet, 0.10 Acres
  • Listing Type Multi-Family
  • Office: Standard Management LLC

Unique opportunity to acquire fee simple ownership of a strategically located parcel of land in Waikiki which is improved with a 12-unit apartment building and 6 parking stalls. This prime property is currently near the end of the ground lease term which is set to expire on January 1, 2025, presenting an investor the rare chance to own a fee simple apartment building in Waikiki. This distinguished property features a well-maintained, fully leased 12-unit apartment building, generating steady rental income. The approaching expiration of the ground lease provides a timely opportunity for investors to unlock further value through redevelopment or enhancement of the existing improvements. Ideal for investors looking to capitalize on the ground lease expiration, this property offers significant value-add opportunities. By renovating the apartment building and adjusting rents to market rates, investors can maximize returns and enhance the property’s overall value.

Essential Information

MLS® #202415757
Price$4,000,000
Bathrooms0.00
Square Footage6,067
Acres0.10
Year Built1966
TypeMulti-Family
Sub-TypeMulti-Family
Land TenureFS - Fee Simple
StatusActive

Community Information

Address437 Namahana St
AreaMetro
SubdivisionWAIKIKI
StateHI
Zip Code96815

Amenities

AmenitiesNone
FeaturesApartments
Parking Spaces6
ParkingCovered
ViewNone

Utilities

Cable, Internet, Overhead Electricity, Public Water

Interior

StoriesThree

Exterior

Lot DescriptionOther
RoofComposition
ConstructionHollow Tile
FrontageOther

School Information

ElementaryAla Wai
MiddleWashington
HighMckinley

Additional Information

Date ListedJuly 9th, 2024
Monthly Lease Fees$400
Lease ExpiresJanuary 1st, 2025
Days on Market11
ZoningX2 - Apartment Precinct
Description Land TenureFS - Fee Simple

Listing Details

OfficeStandard Management LLC
Office Contact(808) 208-8107

WAIKIKI Map

waikiki condo map guide
Please provide a valid email address.

Quick Details

This Property is priced at $4,000,000 and located at 437 Namahana St, . With 0 Bedrooms and 0.00 Bathrooms, it offers a total of 6067 Square feet. This Multi-Family was built in 1966 and its status is Active. This property is represented by Michael M Okamoto of Standard Management LLC, Contact Number (808) 208-8107, our team of Realtors can represent you at no additional cost.

Similar Properties You Might Like

Active
Photo of Listing #202406965

WAIKIKI 448 Kaiolu St, Honolulu

$4,250,000 - 5,258 Sf

MLS® # 202406965

Commercial Inv. Strategies
Active
Photo of Listing #202324062

WAIKIKI 303 Wai Nani Way, Honolulu

$3,350,000 - 2,988 Sf

MLS® # 202324062

Gloria Chi Realty Inc.

Based on information from the Multiple Listing Service of the HiCentral MLS®, Ltd. active listings last updated on July 21st, 2024 at 12:51am HST. Information is deemed reliable but not guaranteed. Copyright: 2024 by the HiCentral MLS®, Ltd.

Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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.