254 Kaiulani Ave, Honolulu, HI, 96815
About This Home
Well-maintained multi-unit property ideally located in the core of Waikiki, offering strong income potential and long-term value. The solid hollow-tile structure features a classic tiled exterior and includes covered parking. Each unit is individually metered for electricity with a shared water meter, and all residences offer generous interior space with private lanais or patios. The property consists of one expansive 3-bedroom, 2-bath penthouse and fourteen 1-bedroom units. Interior upgrades have been completed throughout, including durable high-quality tile flooring, updated kitchens, and modernized bathrooms, along with newly refurbished railings. Additional monthly revenue is generated from leased coin-operated laundry machines and parking income.
Getting Around
Very Walkable
Good Transit
Biker's ParadiseSchools
Construction
Condition
- Property condition: Excellent
- Year built: 1960
Materials
- Construction materials: Hollow Tile,Concrete
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Property
Details
- Parcel number: 1260210140000
- Zoning description: X2 - Apartment Precinct
- Special condition: None
Features
- Levels: Three Or More
- Has view: Yes
- View description: None
- Frontage type: Other
- Topography of land: Level
Lot
- Features: Other,Level
Parking
- Total spaces: 4
- Parking features: Assigned,Covered,Open
- Has uncovered spaces: Yes
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
- Coastal Flooding
- Inland Flooding
- 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 | $24,777 | $297,324 |
| Home Insurance * | $218 | $2,616 |
| Property Taxes | $1,429 | $17,148 |
| Electricity | $374 | $4,497 |
| Total | $26,798 | $321,576 |
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)
Price History
| Date | Event | Price |
|---|---|---|
| 2024-10-17 | Listed for sale | $4,900,000 |
| 2024-10-09 | Listing removed | $4,900,000 |
| 2024-09-07 | Price change | $4,900,000 |
| 2024-05-24 | Listed for sale | $5,100,000 |
| 2024-05-24 | Listing removed | $5,300,000 |
| 2023-10-27 | Price change | $5,300,000 |
| 2023-08-12 | Listed for sale | $5,500,000 |
| 2023-07-10 | Listing removed | $5,800,000 |
| 2023-06-13 | Listed for sale | $5,800,000 |
| 2022-10-19 | Listing removed | -- |
| 2022-09-19 | Price change | $1,525 |
| 2022-08-29 | Price change | $1,600 |
| 2022-08-19 | Listed for rent | $1,550 |
| 2013-10-30 | Listing removed | $1,150 |
| 2013-10-26 | Listed for sale | $1,150 |
| 2011-12-16 | Listing removed | $1,150 |
| 2011-11-18 | Price change | $1,150 |
| 2011-09-29 | Price change | $1,195 |
| 2011-08-25 | Price change | $2,100 |
| 2011-08-10 | Price change | $1,200 |
| 2011-07-09 | Price change | $1,100 |
| 2011-06-24 | Price change | $1,050 |
| 2011-06-03 | Price change | $1,100 |
| 2011-05-10 | Price change | $1,150 |
| 2011-04-21 | Listed for rent | $1,170 |
| 2009-07-06 | Sold | $2,562,500 |
| 2005-07-13 | Sold | $2,200,000 |
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