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437 Namahana Street, Honolulu, HI, 96815
Home in Waikiki
$4,000,000Est. $28,393/mo
  • Active Actively looking for buyers.
  • Fee SimpleYou own the property outright.
  • 0 daysListed 12/18. Last updated 12/05.
  • Built in 1966Built 58 years ago.
Shay Kusumoto

Shayna Kusumoto

Compass | RS-85783
Message Shay about this property

What this home offers

Fee simple, 12-unit apartment building with 6 parking stalls and coin operated laundry on-site. All tenants on month-to-month leases at an average rent of $1,250, which is low for a nice, one bedroom unit in Waikiki. This prime building recently returned to the ground lessor. Take a look at the photos of each pleasant unit to see the condition – they are all 1 bedroom / 1 bathroom units. The entire property is secured around the perimeter with a gate and there is a separate, gated-off strip of land in the back which could become a garden, outdoor common area, or bark park for pets. This property offers significant value-add opportunities. By adjusting rents to market rates, investors can maximize returns and enhance the property’s overall value.

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Where you'll live

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437 Namahana Street, Honolulu, HI, 96815 is located in Waikiki on Oahu.

More about this home

  • Tax ID 1-2-6-016-055-0000
  • Taxes$7,104/mo
  • HOA Fee: n/a
  • Virtual Tour Watch Video
  • Property Type Home
  • Tenure Fee Simple
  • Construction Hollow Tile
  • Year Built 1966
  • Lot Size 4,500 sqft
  • Views None
  • Parking Covered
  • Elementary Ala Wai
  • Middle Washington
  • High Mckinley
About WaikikiOpen and close this section

On the south shore of Honolulu lies the iconic neighborhood of Waikiki. Waikiki is filled with hotels, condos, and condo hotels. It's one of the only locations on Oahu that short-term vacation rentals can legally be operated. The majority of people staying in Waikiki are visitors, but for those who live there, 63% rent and 37% own. View all homes for sale in Waikiki.

Listing courtesy of Michael M Okamoto from Standard Management LLC, MLS #202415757.

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06/28/2023 2030 Lime Street $867,500 114 3 2 888
03/18/2024 2113 Date Street $1,799,000 66 7 4 2,458
05/31/2024 2386 Date Street $625,000 64 3 1 622
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07/14/2023 1919 Date Street $1,625,000 104 6 6 2,485
03/14/2024 842 Mccully Street $1,100,000 93 3 1 801
12/13/2023 825 Hauoli Street $915,000 49 3 2 1,134
07/21/2023 902 University Avenue #C $1,875,000 436 8 3 2,520
07/10/2023 1813 Waiola Street #C $1,237,500 98 4 4 1,359
09/22/2023 1813 Algaroba Street #B1 $1,182,000 30 4 3 1,256
02/07/2024 1738 Waiola Street #B $900,000 64 2 2 883
03/08/2024 2436 Coyne Street $1,295,000 112 3 2 1,408