54 Maluniu Ave, Kailua, HI, 96734
About This Home
PRICE REDUCTION! 5.5% cap rate on current income! 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. The apartments and retails units have been split into separate TMKs (1-4-3-31-27-1 & -2) for lower property tax rates.
Getting Around
Very Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Property condition: Excellent
- Year built: 1965
Materials
- Construction materials: Masonry,Stucco
Notable Dates
- Major remodel year: 2023
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Dryer,Washer
- Laundry features: In Unit
Cooling
- Cooling features: Central Air
Interior Area
- Total structure area: 6,507
- Total interior livable area: 6,507 sqft
Property
Details
- Parcel number: 1430310270000
- Zoning description: 32 - B-2 Community Business Dis
- Special condition: None
Features
- Levels: Three Or More
- Has view: Yes
- View description: Mountain(s),None
- Frontage type: Other
- Topography of land: Level
Lot
- Features: Cleared,Other,Level
Parking
- Total spaces: 7
- Parking features: Assigned,Covered
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Hawaii Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $27,244 | $326,928 |
| Home Insurance * | $800 | $9,600 |
| Property Taxes | $5,567 | $66,804 |
| Electricity | $2,095 | $25,144 |
| Total | $35,706 | $428,472 |
Income You'd Need if You Spent...
Hawaii FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-01-22 | Listed for sale | $5,588,000 |
| 2026-01-07 | Listing removed | $5,600,000 |
| 2025-08-20 | Price change | $5,600,000 |
| 2025-04-21 | Price change | $5,890,000 |
| 2022-10-04 | Pending sale | $3,495,000 |
| 2022-09-07 | Contingent | $3,495,000 |
| 2022-09-07 | Pending sale | $3,495,000 |
| 2022-08-29 | Listed for sale | $3,495,000 |
| 2022-08-02 | Pending sale | $3,495,000 |
| 2022-07-17 | Listed for sale | $3,495,000 |
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