1402 Lusitana St Honolulu, HI 96813
Downtown Honolulu NeighborhoodEstimated payment $8,811/month
About This Home
UPDATE - Seller is remodeling one downstairs unit to be another rental property - adding an additional $2,000-$2,300 per month! Cash-flowing property in the heart of Honolulu. Located across the street from Queen's Medical Centre and minutes away from many government buildings, this property is highly desirable. There is a mix of business and residential with a strong rental history. A great opportunity to own a Fee Simple property with 1 business unit & 4 residential units. Dont let this one pass because opportunity does not knock twice. Easy access to the major streets and seconds from H1 make the commute very convenient. Residential units consist of ONE 3 bedroom and three 2 bedroom units. 2 residential units are located upstairs and below is an established convenience store and 2 rental units. It has 2 parking spaces. Come get this before it's gone. Please do not disturb tenants.
Listing Agent
eXp Realty Brokerage Phone: (808) 725-2794 License #RS-79380 Listed on: 01/26/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,392
Year Built
- Built in 1918
Lot Details
- 3,169 Sq Ft Lot
- Level Lot
Home Design
- Slab Foundation
Parking
- 2 Parking Spaces
- Covered Parking
Additional Features
- 2-Story Property
- Underground Utilities
Listing and Financial Details
- Assessor Parcel Number 1-2-1-022-018-0000
Community Details
Overview
- 5 Units
- Punchbowl Lower Subdivision
Building Details
- Net Operating Income $157,800
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $15,147 | $1,253,200 | $948,300 | $304,900 |
| 2024 | $15,147 | $1,221,500 | $918,200 | $303,300 |
| 2023 | $14,279 | $1,212,400 | $918,200 | $294,200 |
| 2022 | $14,279 | $1,151,500 | $873,100 | $278,400 |
| 2021 | $14,477 | $1,167,500 | $873,100 | $294,400 |
| 2020 | $14,752 | $1,189,700 | $873,100 | $316,600 |
| 2019 | $12,863 | $1,200,000 | $877,800 | $322,200 |
| 2018 | $12,863 | $1,157,300 | $839,800 | $317,500 |
| 2017 | $11,854 | $1,076,000 | $792,300 | $283,700 |
| 2016 | $10,076 | $932,600 | $647,300 | $285,300 |
| 2015 | $6,346 | $631,800 | $512,100 | $119,700 |
| 2014 | $4,747 | $597,900 | $481,700 | $116,200 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/26/2025 08/26/25 | Price Changed | $1,599,000 | -3.1% | -- |
| 01/26/2025 01/26/25 | For Sale | $1,650,000 | +11.9% | -- |
| 04/23/2018 04/23/18 | Sold | $1,475,000 | -7.8% | $392 / Sq Ft |
| 03/24/2018 03/24/18 | Pending | -- | -- | -- |
| 01/18/2018 01/18/18 | For Sale | $1,599,500 | -- | $425 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $1,475,000 | Or | |
| Deed | $380,000 | Het |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,020,000 | Commercial | |
| Previous Owner | $120,000 | Credit Line Revolving | |
| Previous Owner | $148,725 | Commercial |
Source: HiCentral MLS (Honolulu Board of REALTORS®)
MLS Number: 202502636
APN: 1-2-1-022-018-0000
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Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright 2025 HiCentral MLS, Ltd
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