$2,989,000

1408 Lusitana St Honolulu, HI 96813

Downtown Honolulu Neighborhood

Estimated payment $17,208/month

Total Views 296
-- Bed
-- Bath
4,896 Sq Ft
$610 Price per Sq Ft

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

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,303

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1958
  • Attribution Contact: (808) 735-2411
  • CommunityFeatures: None
  • LaundryFeatures: Coin-operated
  • NAV29_Unit_1_Appliances: Dryer, Washer
  • MLS Status: Active
  • Subdivision Name: PUNCHBOWL-LOWER
  • Unit Levels: Three Or More
  • Roof: Asphalt, Shingle, Tar/Gravel
  • Tax Year: 2025
  • Special Features: None

Exterior Features

  • Construction Type: Hollow Tile
  • Lot Features: Cleared
  • Property Condition: Excellent, Good Condition
  • Topography: Other
  • View: None
  • View: No
  • Disclosures: 1031 Exchange, Owner Is Listing Agent

Garage/Parking

  • Parking Features: Assigned
  • Total Parking Spaces: 12.0

Utilities

  • Utilities: Cable Available, Water Available, Sewer Connected
  • Sewer: Connected
  • Water Source: Public

Lot Info

  • Parcel Number: 1-2-1-022-017-0000
  • Zoning Description: 12 - A-2 Medium Density Apartme

Multi Family

  • Number Of Units Total: 12
  • Net Operating Income: 161970.0
  • Annual Operating Expense: 52350.0
  • Tenant Pays: Electricity
  • Total Actual Rent: 17860.0

Tax Info

  • Tax Annual Amount: 6303.12

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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
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
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2025 04/21/25 For Sale $2,989,000 -- $610 / Sq Ft
Source: HiCentral MLS (Honolulu Board of REALTORS®)

Deed 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 --
Source: Public Records

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: Public Records

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202510471

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-1-022-017-0000

Hawaii Honolulu County Honolulu 96813 Downtown Honolulu

1408 Lusitana St, Honolulu, HI

Homes for Sale in Honolulu, HI

This home is located at 1408 Lusitana St, Honolulu, HI 96813 and is currently priced at $2,989,000, approximately $610 per square foot. This property was built in 1958. 1408 Lusitana St is a home located in Honolulu County with nearby schools including Royal Elementary School, Princess Ruth Ke'elikolani Middle School, and President William McKinley High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

HiCentral MLS (Honolulu Board of REALTORS®) 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

Listing Agent
Esther Kusunoki
List Sotheby's Int'l Realty