1408 Lusitana St Honolulu, HI 96813
Downtown Honolulu NeighborhoodEstimated payment $16,450/month
Highlights
- Coin Laundry
- Property is in excellent condition
- 4-minute walk to Dole Community Park
About This Home
Great location near Queens/Punchbowl/Downtown. 12 - one bedroom units with 12 parking spaces (8 single stalls and 2 tandem stalls) located on Lusitana St. 8 units out of 12 have been renovated. Ground floor larger with courtyards. 2nd floor also has lanais for each unit. Hollow tile construction. Conveniently located with easy access to freeway. Don't miss this excellent investment opportunity! Property has been very maintained and managed by professional management company. Great cash flow for investor.
Listing Agent
Esther Kusunoki
List Sotheby's Int'l Realty Brokerage Phone: (808) 735-2411 License #RB-21002 Listed on: 06/10/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,303
Year Built
- Built in 1958
Lot Details
- 8,037 Sq Ft Lot
- Property is in excellent condition
Home Design
- Shingle Roof
- Tar and Gravel Roof
- Asphalt Roof
Interior Spaces
- 4,896 Sq Ft Home
- 3-Story Property
Laundry
- Dryer
- Washer
Parking
- 12 Parking Spaces
- Assigned Parking
Listing and Financial Details
- Assessor Parcel Number 1-2-1-022-017-0000
Community Details
Overview
- 12 Units
- Punchbowl Lower Subdivision
Amenities
- Coin Laundry
Building Details
- Operating Expense $52,350
- Net Operating Income $161,970
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 | $6,303 | $1,809,100 | $1,528,300 | $280,800 |
| 2024 | $6,303 | $1,800,900 | $1,528,300 | $272,600 |
| 2023 | $6,308 | $1,802,300 | $1,528,300 | $274,000 |
| 2022 | $5,726 | $1,636,000 | $1,382,800 | $253,200 |
| 2021 | $6,169 | $1,762,700 | $1,491,900 | $270,800 |
| 2020 | $6,267 | $1,790,500 | $1,491,900 | $298,600 |
| 2019 | $5,217 | $1,607,200 | $1,310,000 | $297,200 |
| 2018 | $5,217 | $1,490,600 | $1,200,800 | $289,800 |
| 2017 | $4,962 | $1,417,700 | $1,091,700 | $326,000 |
| 2016 | $4,685 | $1,338,500 | $1,018,900 | $319,600 |
| 2015 | $4,974 | $1,421,100 | $982,500 | $438,600 |
| 2014 | -- | $1,408,300 | $982,500 | $425,800 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/10/2025 06/10/25 | For Sale | $2,989,000 | -- | $610 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $2,900,000 | Fhtc | |
| Deed | $2,900,000 | Fhtc | |
| Deed | -- | Fhtc | |
| Deed | $2,862,500 | Fntic | |
| Deed | -- | Fntic | |
| Warranty Deed | $640,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,757,000 | New Conventional | |
| Closed | $1,950,000 | Commercial | |
| Previous Owner | $1,925,000 | Unknown | |
| Previous Owner | $1,925,000 | Purchase Money Mortgage | |
| Previous Owner | $471,200 | Commercial |
Source: HiCentral MLS (Honolulu Board of REALTORS®)
MLS Number: 202513516
APN: 1-2-1-022-017-0000
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Some of the active listings appearing on this site may be listed by other REALTORS(R). If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.
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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