412 Launiu Street

Honolulu HI 96815 · Active

Description	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.
Status	Active since 02-26-2026
MLS#	202604570
Price	$18,500,000
Original Price	$18,500,000
Price Change	(0.00%)
Studio Units	0
One Bed Units	6
Two Bed Units	30
Three Bed Units	0
Living Sq Ft	30,663
Land Sq Ft	9,064
Land Tenure	FS - Fee Simple
Maintenance Fee	$0
Address	412 Launiu Street Honolulu HI 96815
Region	Metro
Neighborhood	Waikiki
Days on Market	213
Year Built	1971
Condition	Above Average
View	City
Parking	Assigned
Zoning	X2 - Apartment Precinct
Flood Zone	Zone AO
Elementary	Jefferson
Middle	Washington
High	Kaimuki
Tax Amount	$2,122
Assessed Land	$3,625,600
Assessed Building	$3,651,200
Assessed Total	$7,276,800
Assessed Ratio	254%
Utilities	Cable, Gas, Internet, Public Water, Sewer Fee
Construction	Concrete
Lot Features	Clear
Disclosures	None
Land Recorded	Regular System
Possession	At Closing
Sale Conditions	None
Topography	Level
Roofing	Other
Easements	None
Parcel #	1-2-6-017-022-0000
Listing courtesy of	Moana Realty LLC