54 Maluniu Avenue, Oahu, HI 96734
- $5,388,000
- List Price
- $5,388,000
- Status
- ACTIVE
- Type
- Multifamily
- MLS#
- 202510044
- Price Change
- ▼ $200,000 1781580175
- Days on Market
- 468
- Land Area
- 5,610
- Year Built
- 1965
- Property Type
- Residential
- Neighborhood
- Kalama/Cnut Grov
- Land Tenure
- FS - Fee Simple
Property Description
PRICE REDUCTION! 5.5% 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.
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Additional Information
- Island
- Oahu
- Utilities
- Above Ground Utilities, Electricity Available, High Speed Internet Available, Sewer Available, Water Available, Sewer Connected
- View
- Mountain(s), None
- Elementary School
- Kailua
- Middle School
- Kailua
- High School
- Kailua
- Lot Size
- 5,610
- Construction Materials
- Masonry, Stucco
- Neighborhood
- Kalama/Cnut Grov
- Frontage
- Other
- Year Built
- 1965
- Sewer
- Connected
- Annual Property Tax
- $27,840
- Parking Features
- Assigned, Covered
- Lot Features
- Cleared, Other, Level
- Assessed Total
- 2245600
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Listing courtesy of Standard Management LLC.
Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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