54 Maluniu Avenue, Kailua, HI 96734 (MLS # 202510044)
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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.
| DAYS ON MARKET | 10 | LAST UPDATED | 4/21/2025 |
|---|---|---|---|
| TRACT | KALAMA/CNUT GROV | YEAR BUILT | 1965 |
| COMMUNITY | Kailua | COUNTY | Oahu |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Kailua |
|---|---|
| Jr. High School | Kailua |
| High School | Kailua |
| ADDITIONAL DETAILS | |
| AIR | Central Air |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Dryer, Washer |
| AREA | Kailua |
| CONSTRUCTION | Stucco |
| LOT | 5610 acre(s) |
| LOT DESCRIPTION | Cleared, Level, Other |
| STORIES | 3+ |
| SUBDIVISION | KALAMA/CNUT GROV |
| TAXES | 27840 |
| UTILITIES | Electricity Available, Sewer Available, Water Available, Sewer Connected |
| VIEW DESCRIPTION | Mountain(s), None |
| WATERFRONT DESCRIPTION | Other |
| ZONING | 32 - B-2 Community Business Dis |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Standard Management LLC
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.
active listings last updated on 4/25/25 4:31 AM PDT.
Information is deemed reliable but not guaranteed.
Copyright: 2025 by HiCentral MLS, Ltd.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some of the active listings appearing on this site may be listed by other REALTORS®. 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.
active listings last updated on 4/25/25 4:31 AM PDT.
Information is deemed reliable but not guaranteed.
Copyright: 2025 by HiCentral MLS, Ltd.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some of the active listings appearing on this site may be listed by other REALTORS®. 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.
This IDX solution is (c) Diverse Solutions 2025.