$5,588,000

54 Maluniu Avenue, Kailua, HI 96734

  • 6,507 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1965
  • Property Lot Size Icon5,663sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $859/sqft
  • Property List Date Icon Listed 10 months ago

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.

Listing Status:
Active
Date Added:
April 15, 2025
Data Last Updated:
February 14, 2026 at 1:27PM
Listing Office:
Standard Management LLC : (808) 208-8107
MLS ID:
202510044
  • Appliances: DryerWasher
  • Laundry: In Unit
  • A/C: Central Air
  • Parking: AssignedCoveredParking spaces: 7
  • General: MasonryStuccoThree Or More
  • Road/Access: Other
  • Originating MLS: HICMLS
  • County: Oahu
  • Topography: Level
  • Zoning: 1-4-3-031-027-0000
  • View: Mountain(s)None
  • Utilities: Above Ground UtilitiesElectricity AvailableHigh Speed Internet AvailableSewer AvailableWater AvailableSewer Connected
  • Sewer: Connected
  • Source: HICMLS

This listing courtesy of Standard Management LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

K

Kailua Elementary School

315 Kuulei Rd, Kailua, HI, 96734

Grades KG-6

0.18 miles away

K

Kailua Intermediate School

145 S Kainalu Dr, Kailua, HI, 96734

Grades 7-8

0.40 miles away

K

Kailua High School

451 Ulumanu Dr, Kailua, HI, 96734

Grades 9-12

0.95 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.