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$3,500 Flat Fee for Sellers
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1463 Lusitana Street Honolulu HI 96813

$8,350,000 | OahuRE Rebate $33,400 | Active

Listed on 02-12-2024

Sell for a $3,500 Flat Fee or 2% With Full Service.

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Property Last Viewed: 05/02/2024 11:10 PM, Total Views Today: 0, Total Views: 102, Viewed History

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Update the default down payment and interest rate.


1463 Lusitana Street

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Property Details

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MLS#: 202403457 * Questions?
Status: Active since 02-12-2024 See History
Price: $8,350,000
Rebate: $ 33,400 from OahuRE.com.
Monthly: $ 49,121.21 Update the default down payment and interest rate
  Monthly payment estimate for $ 8,350,000 price, 10% down, 6.60% interest rate, 30 year loan, $ 1,126 taxes, and $ 0 fees. Insurance not included.
Studio Units: 0
One Bed Units: 2
Two Bed Units: 18
Three Bed Units: 0
Living Sq Ft: 14,593
Land Sq Ft: 11,697
Land Tenure: FS - Fee Simple
Address: 1463 Lusitana Street Honolulu HI 96813
Region: Metro - Activity
Neighborhood: Punchbowl-Lower - Activity
Street: Lusitana - Activity
Showing: Showing Request

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Original: $8,350,000
Change: $0    0.00%
Parcel#: 1-2-1-021-016-0000
Link: Tax Info/Plat Map/Parcel Map/Sketch
Days: 83 days in Active or In Escrow Showing
Date: Listed: 02-12-2024
Date: Status Change: 02-12-2024
Recent History: Not on the MLS in the last 10 years
Year Built: 1974 Remodeled: 2022
View: City
Frontage: Other
Monthly Tax: $1,126 Year: 2023
Land: FS - Fee Simple
Condition: Excellent

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Description:

20-unit fully renovated CMU apartment building in the heart of Honolulu with 20 covered parking stalls! Property is 100% leased and provides excellent, stable cash flow with income/expenses stated being based on in-place leases and budgeted expenses for the year. Property underwent a full renovation in 2021-2022 which included roof re-coating, new fences/security gates as well as a roll-down parking gate.

Interior luxury finishes were completed in each unit with new paint, flooring, cabinets, counters, light and plumbing fixtures. This is an extremely rare opportunity to acquire a large, stabilized apartment building in town!

 
 
Inclusions:

Amenities:

Utilities: Cable, Internet, Overhead Electricity, Public Water, Telephone, Water Construction: Above Ground, Hollow Tile Lot Features: Other Disclosures: 1031 Exchange, Licensed Owner, Pet on Property Land Recorded: Dual Systems

Possession: At Closing Terms: Cash, Conventional, Exchange Sale Conditions: None Utilities: Cable,Internet,Overhead Electricity,Public Water,Telephone,Water Utilities Meters: Electric,Individual Building Type: Apartments Construction Materials: Above Ground,Hollow Tile Tenants Responsibilities Includes: Electricity Expenses Include: Excise Tax,Insurance,Mgmt Fee,Other,Property Tax,Repair Maintenance,Sewer Fee Laundry Facilities: Coin Parking Total: 20 Studio Units: 0 One Bed Units: 2 Two Bed Units: 18 Three Bed Units: 0

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Sold Price:
Concession:
Closed:
Sold Ratio:
Days Sold:
Land: $2,104,800
Building: $1,785,500  
Assessed Total: $3,890,300  
Assessed Ratio: 214.64%
Pool:
Location: Inside
Parking: Assigned, Covered

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District Locator: DOE Locator to Confirm District
Area Total: 11,697
Acres: 0.2685
Topography: Level
Building Style:
Building:
New Const: No

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Maint. Fee: $0
Assoc. Fee: $0
Other Fee: $0
Includes:
Total Fees: $0
Exemption:
Other: 0
Lanai Sq Ft: 0
Avg Sq Ft Land: $713.86
Security:
Rental Income: $0
Zoning: 12 - A-2 Medium Density Apartme
Flood Zone: Zone X * Check if this property is in a Flood Zone
Tsunami Zone: Check if this property is in a Tsunami Zone * Tsunami Info * Oahu Tsunami Map
Roofing: Other
Set-Backs: C and C Roads:
Easements: None

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Links:
Google Maps * Supermarkets * Schools * Private Schools * Hospitals * Restaurants * Gyms * Shopping * Attractions * Beaches * Churches * Tax Info including a Plat Map PDF and GIS Parcel Map and Building Sketch
Commuting:
Waikiki * Downtown * Ala Moana * Airport * Kapolei * Hawaii Kai * Kailua Town * Windward Mall * Waikele * North Shore
Barbers Point * Camp Smith * Fort Shafter * Hickam * Lualualei * K-Bay Marine * Pearl Harbor * Schofield * Tripler * Wheeler * VA Mortgage Info
Closing Cost Calculators:
Buyer's Closing Cost Calculator to estimate the buyer's closing cost.
Seller's Closing Cost Calculator to estimate the seller's closing cost.

Listing courtesy of Standard Management LLC (808) 208-8107

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Property History from MLS

Date MLS# Change Old Value New Value List Price Sold Price Assessed Total Land Building
02-12-2024 202403457 New Listing Active $8,350,000 $0 $3,890,300 $2,104,800 $1,785,500

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Estimated Monthly Mortgage Payment

View OahuRE Mortgage and Interest Savings Calculator

Save $76,261.83 of interest charges by adding an extra payment of $100 per month. View details from the link above.

Rate:
5.85% 6.10% 6.35% 6.60% 6.85% 7.10% 7.35% 7.60% 8.10%
0% Down
$49,260$50,601$51,957$53,328$54,714$56,115$57,529$58,957$61,852
3.5% Down
$47,536$48,830$50,138$51,462$52,799$54,151$55,516$56,894$59,688
10% Down
$44,334$45,541$46,761$47,995$49,243$50,503$51,776$53,062$55,667
20% Down
$39,408$40,480$41,565$42,662$43,771$44,892$46,023$47,166$49,482
30% Down
$34,482$35,420$36,370$37,330$38,300$39,280$40,270$41,270$43,297
40% Down
$29,556$30,360$31,174$31,997$32,828$33,669$34,518$35,374$37,111
50% Down
$24,630$25,300$25,978$26,664$27,357$28,057$28,765$29,479$30,926

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Crime Mapping

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Active means currently for sale. Active Under Contract means in escrow but still showing and looking for offers. Pending means in escrow and not looking for offers. Hold means the property is temporarily off the market. Cancelled means it is off the market.

Buyer's rebate is 20% of our commission when we represent the buyer.

Based on the information from the Multiple Listing Service of HiCentral MLS, Ltd. Active listings last updated on 05.05.24. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd.

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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 and we offer you are 20% rebate on our commission. 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. The offer of compensation to cooperating participants is made only to the Participants and MLS Subscribers of HICMLS or Participants and MLS Subscribers of other Reciprocating Boards as set forth in that certain Multiple Listing Service Reciprocal Agreement, as amended from time to time, which is incorporated herein by reference

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