54 Maluniu Avenue, Kailua, HI 96734

• 6,507 sqft

Property Description

5.22% 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 at 05:00AM

Listing Office:

Standard Management LLC : (808) 208-8107

MLS ID:

202510044

Interior

• Appliances: DryerWasher
• Laundry: In Unit
• A/C: Central Air

Exterior

• Parking: AssignedCoveredParking spaces: 7

Construction

• General: MasonryStuccoThree Or More

Location

• Originating MLS: HICMLS
• County: Oahu

Lot

• Topography: Level
• Zoning: 1-4-3-031-027-0000
• View: Mountain(s)None

Utilities

• Utilities: Above Ground UtilitiesElectricity AvailableHigh Speed Internet AvailableSewer AvailableWater AvailableSewer Connected
• Sewer: Connected

Financial

• Source: HICMLS

This listing courtesy of Standard Management LLC