Linda McCabe and Erin McCabe with Coldwell Banker Island Properties - 808-225-1048
Hawaii Condo ManiaMLS: 202510044 $5,890,000
Bedrooms with 0 Baths54 MALUNIU AVENUE
KAILUA HI 96734MLS: 202510044
Status: ACTIVE
List Price: $5,890,000
Price per SQFT: $0
Square Footage: 0Bedrooms
0 Baths
Year Built: 1965
Zip Code: 96734
Listing Remarks
This exceptional property offers 10 apartment units and 2 ground floor retail units in prestigious Kailua. The building was majorly renovated inside and outside including replacement of all utilities, new silicone waterproof roof and commercial grade gutter systems, all new stainless steel appliances, flooring, interiors, fencing and painting. All apartment units have dual-pane glass vinyl windows and balcony sliding doors, LED lighting, split AC units in bedrooms and living rooms, and individual full-size stacked LG washer-dryers located on the balconies. The 2 retail spaces benefit from a high visibility location in this upscale retail corridor. In addition to abundant street parking in the immediate area, there are 7 covered parking stalls. Located just moments from Whole Foods Market and Kailua Beach. This is a trophy, renovated asset in an incredibly desirable submarket where investment properties are rarely available for sale and could be “turnkey” for a buyer. 5% cap rate on current income! The apartments and retails units have been split into separate TMKs (1-4-3-31-27-1 & -2) for lower property tax rates.
Address: 54 MALUNIU AVENUE KAILUA HI 96734
Listing Courtesy of STANDARD MANAGEMENT LLC
Condo Mania Agent
Linda McCabe
Coldwell Banker Island Properties
REALTOR®
Phone: 808-225-1048
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Listing Details
STATUS: Active SPECIAL LISTING CONDITIONS: None LISTING CONTRACT DATE: 2025-04-15 AREA: KAILUA BUILDING AREA TOTAL: 6507 YEAR BUILT: 1965 TAXES: $27,840 APPLIANCES INCLUDED: Dryer, Washer CONSTRUCTION: Masonry, Stucco COMMUNITY FEATURES: None, StorageFacilities COOLING: CentralAir LAUNDRY FEATURES: InUnit LOT FEATURES: Cleared, Other, Level PARKING FEATURES: Assigned, Covered PROPERTY TYPE: Residential PROPERTY SUB TYPE: MultiFamily NUMBER OF UNITS TOTAL: 12 VIEW: Mountains, None LISTING AGENT: MICHAEL M OKAMOTO LISTING OFFICE: STANDARD MANAGEMENT LLC LISTING CONTACT: (808) 208-8107
Estimated Monthly Payments
List Price: $5,890,000 20% Down Payment: $1,178,000 Loan Amount: $4,712,000 Loan Type: 30 Year Fixed Interest Rate: 6.5 % Monthly Payment: $29,783 Estimate does not include taxes, fees, insurance.
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Property Location: 54 MALUNIU AVENUE KAILUA HI 96734
This Listing
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Condo Mania Agent
Erin McCabe
Coldwell Banker Island Properties
Real Estate Associate
Phone: 808.485.9955
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Last Updated: 2025-04-30