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1254 Lunalilo St, Honolulu, HI, 96822

--beds
0baths
--sqft
$5,000,000
--price/sqft
$27,629/moest. monthly cost
$1,105,160/yrincome needed

About This Home

Do you desire to expand your growing investment portfolio with a centrally-located multiunit property? Check out the possibilities of 1254 Lunalilo Street! Tucked away in an extremely convenient area is this 15-unit concrete multiunit building featuring a desirable 1:1 parking ratio, separate electric meters, and a secured laundry area with two washers, two dryers, and a utility sink. Boasting 12-one bedroom units and 3-two bedroom units, the property allows for maximum resident comfort. Each unit features an open layout, neutral interior paint, a spacious living/dining area, storage closets, and a fully-equipped kitchen with a gas stove, pantry, and ample cabinets. Bedrooms are well-sized with generous closet space, while each full bathroom includes a shower/tub combo, medicine cabinet, and a storage vanity. Outdoor relaxation is a breeze with all units featuring a cozy balcony. Tenants will enjoy easy access to transportation, shopping, restaurants, entertainment, and Makiki Park. NOI is actual. Please contact Listor with additional questions. Interior showings will be subjected to accepted offer. Please submit offers using the Commercial PSA. DO NOT DISTURB tenants.

Getting Around

93
WalkingWalker's Paradise
67
TransitGood Transit
87
BikeVery Bikeable

Construction

Condition

  • Property condition: Good Condition
  • Year built: 1969

Materials

  • Construction materials: Hollow Tile,Concrete

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Dryer,Washer
  • Laundry features: Coin-operated

Property

Details

  • Parcel number: 1240200170000
  • Zoning description: 12 - A-2 Medium Density Apartme
  • Special condition: None

Features

  • Levels: Three Or More
  • Has view: Yes
  • View description: City
  • Topography of land: Level

Lot

  • Features: Cleared,Level

Parking

  • Total spaces: 15
  • Parking features: Assigned

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
    EarthquakeModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate

How This Home’s Risks Compare

Earthquake
Inland Flooding
Lightning

FEMA Declared Disasters Across Hawaii Counties

Fire

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

MonthlyAnnual
Mortgage $25,282$303,384
Home Insurance *$515$6,180
Property Taxes $1,458$17,496
Electricity $374$4,497
Total$27,629$331,548
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$947,280/yr
40% on housing$828,870/yr
45% on housing$736,773/yr

Hawaii FAIR Plan Programs

Hawaii - Hurricane Relief Fund

Covered
WindWind
Visit Website →
Current Policies
Residential: 2,402Commercial: -4
Total Premiums$5.57M
Total Exposure$928.92M

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.

Insurance Growth Rate5-year average: 7.3%
7.3%
0%30.0%
Electricity Growth Rate10-year average: 5.6%
5.6%
0%15.0%
Property Taxes Growth Rate2-year average: -0.2%
-0.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 96822$603
Honolulu County$744

vs Homes Sold Last Month

Median $/sqft

ZIP 96822$870
Honolulu County$707

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

DateEventPrice
2024-09-30Listed for sale$5,000,000
2012-05-14Listing removed$3,250,000
2011-05-18Price change$3,250,000
2011-02-26Listed for sale$3,300,000
1994-12-21Sold$1,450,000

For Sale by Agent

AgentDerek C Lau
BrokerageReal Estate Specialists

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