412 Launiu Street, Honolulu, HI 96815
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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.
Property Details | ||
|---|---|---|
| Price | $18,500,000 | |
| Total Baths | 0 | |
| Lot Size Area | 9064 | |
| Property Type | Residential | |
| MLS Sub type | Multi Family | |
| Year Built | 1971 | |
| Subdivision | WAIKIKI | |
| View | City | |
| Lot Description | Cleared,Level | |
| Laundry Features | Coin-operated | |
| Parking Description | Assigned | |
| Parking Spaces | 36 | |
Geographic Data | ||
| County | Oahu | |
| Market Area | Metro | |
Address Information | ||
| Address | 412 Launiu Street, Honolulu, HI 96815 | |
| Postal Code | 96815 | |
| City | Honolulu | |
| State | HI | |
| Country | United States | |
Listing Information | ||
| Listing Office | Moana Realty LLC | |
| Listing Office Phone | (808) 600-5221 | |
| Listing Office Email | hirokomiller@gmail.com | |
| Listing Agent | Peggy SY Tong Kong | |
| Listing Agent Phone | (808) 729-7888 | |
| Attribution Contact | peggyrealtyhawaii@gmail.com | |
| Compensation Disclaimer | The offer of compensation is made only to participants of the MLS where the listing is filed. | |
School Information | ||
| Elementary School | Jefferson | |
| Middle School | Washington | |
| High School | Kaimuki | |
MLS Information | ||
| Days on market | 0 | |
| MLS Status | Active | |
| Listing Date | Feb 26, 2026 | |
| Listing Last Modified | Feb 26, 2026 | |
| Tax ID | 1-2-6-017-022-0000 | |
| Tax Annual Amount | 25464 | |
| MLS Area | Metro | |
| MLS # | 202604570 | |
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Listings data last updated on 2026-03-16T07:38:03.860017Z. Information is deemed reliable but not guaranteed. Listings data copyright by HiCentral MLS, Ltd.
