Rare Opportunity –40-Unit Apt Bldg in Salt Lake. Attractive 6 story trophy building to add to your investment portfolio! Building is a solid CMU and concrete structure, offering durability & low maintenance. The property features a keyed elevator for added convenience and ample 49 parking stalls. 100% leased but Rents under market with lots of development potential.
20– one bdrm; 20– two bdrm units. All units large in size w/lanais. Mgmt office on ground floor w/full bathroom. Coin operated laundry facility on each floor. Large storage room on pkg level as well as multiple storage rooms throughout building.
Ideally situated near schools, shopping centers, freeway access, & public transportation, ensuring strong tenant demand. Original but maintained property in a high-demand rental market! Sold in Existing AS IS Condition. Buyer to conduct own Due Diligence. Do not disturb tenants, knock on doors nor park on property. Please contact Listor with additional questions. Must sign NDA for financials. Call for Offers Deadline, March 21, 2025, Friday at Noon. PSA must include verification of cash funds &/ Commercial lender preapproval.
Active under contract
$11,000,000
1055 Ala Napunani St, Honolulu, HI 96818
--beds
0baths
34,312sqft
Est.:
Multi Family
Built in 1971
-- sqft lot
$10,465,900 Zestimate®
$321/sqft
$-- HOA
What's special
Durability and low maintenance
- 61 days
- on Zillow |
- 42 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: March 23, 2025 at 11:27pm
Listed by:
Sharon M Au 808-554-8787,
Luxury Homes International,
Doreen M Au 808-255-2945,
Luxury Homes International
Source: HiCentral MLS,MLS#: 202506287

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Appliances
- Included: Dryer, Washer
- Laundry: Coin-operated
Interior area
- Total structure area: 34,312
- Total interior livable area: 34,312 sqft
Property
Parking
- Total spaces: 49
- Parking features: Assigned, Covered, Open
- Has uncovered spaces: Yes
Features
- Levels: Three Or More
- Has view: Yes
- View description: Mountain(s), Other
- Frontage type: Other
Lot
- Features: Cleared, Interior Lot, Level
- Topography: Level,Sloping
Details
- Parcel number: 1110620470000
- Zoning description: 12 - A-2 Medium Density Apartme
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Hollow Tile, Concrete
- Foundation: Slab
Condition
- Good Condition
- Year built: 1971
Utilities & green energy
- Sewer: Connected
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Other, Underground Utilities, Water Available, Sewer Connected
Community & HOA
Community
- Features: Other, Storage Facilities, Trash Chute
- Subdivision: Salt Lake
HOA
- Amenities included: Management
Location
- Region: Honolulu
Financial & listing details
- Price per square foot: $321/sqft
- Tax assessed value: $5,361,500
- Annual tax amount: $18,734
- Date on market: 3/10/2025
- Total actual rent: 58410
- Tenant pays: Cable TV, Electricity
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