Hawaii House
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1402 Lusitana St, Honolulu, HI 96813

Multi-Family · For sale · 3767 sqft · $1,600,000  $100,000

EXCELLENT INVESTMENT OPPORTUNITY! HIGH RETURN! Very well maintained free standing fee simple commercial/multifamily property with commercial spaces downstairs (including a long-time liquor store tenant) and two residential units (3bed/2bath + 2 bed/1bath) upstairs. Current gross rent (over $100K) is already high, but that does not include the 2bed unit that owner uses. Renting the 2bed unit will further increase income. Current rents are below market, so you have more room to increase income in a near future.
Details
  • Original list price$1,700,000
  • Days on market87
  • Building typeMulti Dwellings,Other
  • Price per sqft$425/sqft
  • Address

    1402 Lusitana St, Honolulu, HI, 96813

  • Year Built1918
  • NeighborhoodPunchbowl-lower
  • Land tenureFS - Fee Simple
  • Land SqFt3169 sqft
  • ViewCity
Unit Information
  • # of 1 Bd0
  • # of 2 Bd1
  • # of 3 Bd1
  • Total Units5
Amenities & Features
  • StoriesTwo
  • RoofComposition
  • ConstructionWood Frame
  • UtilitiesGas, Public Water, Underground Electricity
  • Property ConditionAbove Average, Average
  • ParkingCovered
  • nr.of parking places2
  • AmenitiesNone
Income
  • Total Actual Rent$8,520
  • Total Annual Operating Expenses
  • Total Income$102,240
  • Net Operating Income
Schools Nearby
-
Neighborhood - Punchbowl-lower
  • Neighborhood average sales price*$286.36k
  • Neighborhood median sales price*$299.75k
  • Number or sales*28
  • Street median sales price*$210k
Price history
Date Event Price $/sqft Source
2017-08-17 Price Decrease $1,600,000 -5.88% $424.74 MLS 201714245
2017-06-28 New Listing $1,700,000 $451.29 MLS 201714245
2015-04-16 Withdrawn $1,620,000 $430.05 MLS 201416944
2014-11-13 Price Decrease $1,620,000 -4.14% $430.05 MLS 201416944
2014-08-20 New Listing $1,690,000 $448.63 MLS 201416944
2014-08-02 Expired $1,690,000 $448.63 MLS 201401682
2014-02-05 New Listing $1,690,000 $448.63 MLS 201401682
2013-12-18 Withdrawn $1,590,000 $422.09 MLS 201330879
2013-09-11 Price Decrease $1,590,000 -5.92% $422.09 MLS 201330879
2013-08-08 New Listing $1,690,000 $448.63 MLS 201330879
2013-07-30 Withdrawn $2,000,000 $530.93 MLS 1213730
2012-12-28 New Listing $2,000,000 $530.93 MLS 1213730
Taxes
  • Current Property Taxes p/month$558
  • Property Tax Year2016
  • Assessed Improvement value$283,700
  • Assessed Land value$792,300
  • MLS #201714245
  • TMK1-2-1-022-018-0000
  • Land RecordedRegular System
  • Zoning12 - A-2 M
  • TopographyLevel
  • Lot DescriptionOther
  • Property SetbacksOf Record
  • Total Assessed value$1,076,000
Agent viewpoints   of 1402 Lusitana St, Honolulu, HI, 96813
Stunning views
Ocean views
Open floorplan
Needs Work
Street noise

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Hawaii House
Multi-Family For sale $1,600,000  $100,000 1402 Lusitana St, Honolulu, HI, 96813 3767 sqft Remove from Saved Save House