412 Launiu Street Honolulu, HI 96815
Listing
Overview
Price: $18,500,000
Area: WAIKIKI
Status: Active
This rare offering presents a stabilized, fee-simple investment opportunity featuring a total of 36 renovated units situated in the absolute heart of Waikiki. This building is high-density asset perfectly positioned to capture the district’s premium rental rates and offers a superior unit mix designed for maximum occupancy, including TWELVE 2-bedroom/2-bathroom units, EIGHTEEN 2-bedroom/1-bathroom units, and SIX 1-bedroom/1-bathroom units. Each residence has been updated to meet modern standards, providing a turnkey experience for the next owner with significantly reduced capital expenditure requirements compared to the area’s aging inventory. In addition to the robust residential rent roll, the property features an on-site laundromat with four coin-operated washers and dryers, generating consistent ancillary income. Property may differ from tax records; buyer to do their own due diligence. Listing by: Moana Realty LLC (808) 729-7888
array(45) {
["MLSNumber"]=>
array(1) {
[0]=>
string(9) "202604570"
}
["StreetNumber"]=>
array(1) {
[0]=>
string(3) "412"
}
["PropertyType"]=>
array(1) {
[0]=>
string(12) "Multi-Family"
}
["StreetName"]=>
array(1) {
[0]=>
string(6) "Launiu"
}
["StreetSuffix"]=>
array(1) {
[0]=>
string(6) "Street"
}
["UnitNumber"]=>
array(1) {
[0]=>
string(0) ""
}
["City"]=>
array(1) {
[0]=>
string(8) "Honolulu"
}
["StateOrProvince"]=>
array(1) {
[0]=>
string(2) "HI"
}
["PostalCode"]=>
array(1) {
[0]=>
string(5) "96815"
}
["VirtualTourURLUnbranded"]=>
array(1) {
[0]=>
string(0) ""
}
["ListPrice"]=>
array(1) {
[0]=>
string(11) "18500000.00"
}
["Neighbourhood"]=>
array(1) {
[0]=>
string(7) "WAIKIKI"
}
["Status"]=>
array(1) {
[0]=>
string(6) "Active"
}
["PublicRemarks"]=>
array(1) {
[0]=>
string(907) "This rare offering presents a stabilized, fee-simple investment opportunity featuring a total of 36 renovated units situated in the absolute heart of Waikiki. This building is high-density asset perfectly positioned to capture the district’s premium rental rates and offers a superior unit mix designed for maximum occupancy, including TWELVE 2-bedroom/2-bathroom units, EIGHTEEN 2-bedroom/1-bathroom units, and SIX 1-bedroom/1-bathroom units. Each residence has been updated to meet modern standards, providing a turnkey experience for the next owner with significantly reduced capital expenditure requirements compared to the area’s aging inventory. In addition to the robust residential rent roll, the property features an on-site laundromat with four coin-operated washers and dryers, generating consistent ancillary income. Property may differ from tax records; buyer to do their own due diligence."
}
["ListOfficeName"]=>
array(1) {
[0]=>
string(16) "Moana Realty LLC"
}
["BedsTotal"]=>
array(1) {
[0]=>
string(0) ""
}
["BathsFull"]=>
array(1) {
[0]=>
string(0) ""
}
["BathsHalf"]=>
array(1) {
[0]=>
string(0) ""
}
["LotSizeArea"]=>
array(1) {
[0]=>
string(7) "9064.00"
}
["SqftTotal"]=>
array(1) {
[0]=>
string(5) "30663"
}
["YearBuilt"]=>
array(1) {
[0]=>
string(4) "1971"
}
["BuildingName"]=>
array(1) {
[0]=>
string(0) ""
}
["PropertyCondition"]=>
array(1) {
[0]=>
string(13) "Above Average"
}
["ParkingTotal"]=>
array(1) {
[0]=>
string(2) "36"
}
["StoriesType"]=>
array(1) {
[0]=>
string(3) "4-7"
}
["View"]=>
array(1) {
[0]=>
string(4) "City"
}
["MaintenanceExpense"]=>
array(1) {
[0]=>
NULL
}
["LandTenure"]=>
array(1) {
[0]=>
string(15) "FS - Fee Simple"
}
["ElementarySchool"]=>
array(1) {
[0]=>
string(9) "Jefferson"
}
["MiddleOrJuniorSchool"]=>
array(1) {
[0]=>
string(10) "Washington"
}
["HighSchool"]=>
array(1) {
[0]=>
string(7) "Kaimuki"
}
["ListOfficeMLSID"]=>
array(1) {
[0]=>
string(4) "MOAR"
}
["ListAgentEmail"]=>
array(1) {
[0]=>
string(27) "peggyrealtyhawaii@gmail.com"
}
["ListAgentDirectWorkPhone"]=>
array(1) {
[0]=>
string(14) "(808) 729-7888"
}
["ListAgentFullName"]=>
array(1) {
[0]=>
string(18) "Peggy SY Tong Kong"
}
["CloseDate"]=>
array(1) {
[0]=>
string(0) ""
}
["Matrix_Unique_ID"]=>
array(1) {
[0]=>
string(8) "19295978"
}
["MatrixModifiedDT"]=>
array(1) {
[0]=>
string(23) "2026-02-26T07:39:32.330"
}
["ListingContractDate"]=>
array(1) {
[0]=>
string(10) "2026-02-26"
}
["MLSAreaMajor"]=>
array(1) {
[0]=>
string(5) "Metro"
}
["PropertyFrontage"]=>
array(1) {
[0]=>
string(0) ""
}
["ExemptListingEntryTimestamp"]=>
array(1) {
[0]=>
string(0) ""
}
["MatrixModifiedTime"]=>
array(1) {
[0]=>
string(12) "07:39:32.330"
}
["_thumbnail_id"]=>
array(1) {
[0]=>
string(8) "27316396"
}
["listing_image"]=>
array(21) {
[0]=>
string(8) "27316396"
[1]=>
string(8) "27316397"
[2]=>
string(8) "27316398"
[3]=>
string(8) "27316399"
[4]=>
string(8) "27316400"
[5]=>
string(8) "27316401"
[6]=>
string(8) "27316402"
[7]=>
string(8) "27316403"
[8]=>
string(8) "27316404"
[9]=>
string(8) "27316405"
[10]=>
string(8) "27316406"
[11]=>
string(8) "27316407"
[12]=>
string(8) "27316408"
[13]=>
string(8) "27316409"
[14]=>
string(8) "27316410"
[15]=>
string(8) "27316411"
[16]=>
string(8) "27316412"
[17]=>
string(8) "27316413"
[18]=>
string(8) "27316414"
[19]=>
string(8) "27316415"
[20]=>
string(8) "27316416"
}
}
Array
(
[MLSNumber] => Array
(
[0] => 202604570
)
[StreetNumber] => Array
(
[0] => 412
)
[PropertyType] => Array
(
[0] => Multi-Family
)
[StreetName] => Array
(
[0] => Launiu
)
[StreetSuffix] => Array
(
[0] => Street
)
[UnitNumber] => Array
(
[0] =>
)
[City] => Array
(
[0] => Honolulu
)
[StateOrProvince] => Array
(
[0] => HI
)
[PostalCode] => Array
(
[0] => 96815
)
[VirtualTourURLUnbranded] => Array
(
[0] =>
)
[ListPrice] => Array
(
[0] => 18500000.00
)
[Neighbourhood] => Array
(
[0] => WAIKIKI
)
[Status] => Array
(
[0] => Active
)
[PublicRemarks] => Array
(
[0] => This rare offering presents a stabilized, fee-simple investment opportunity featuring a total of 36 renovated units situated in the absolute heart of Waikiki. This building is high-density asset perfectly positioned to capture the district’s premium rental rates and offers a superior unit mix designed for maximum occupancy, including TWELVE 2-bedroom/2-bathroom units, EIGHTEEN 2-bedroom/1-bathroom units, and SIX 1-bedroom/1-bathroom units. Each residence has been updated to meet modern standards, providing a turnkey experience for the next owner with significantly reduced capital expenditure requirements compared to the area’s aging inventory. In addition to the robust residential rent roll, the property features an on-site laundromat with four coin-operated washers and dryers, generating consistent ancillary income. Property may differ from tax records; buyer to do their own due diligence.
)
[ListOfficeName] => Array
(
[0] => Moana Realty LLC
)
[BedsTotal] => Array
(
[0] =>
)
[BathsFull] => Array
(
[0] =>
)
[BathsHalf] => Array
(
[0] =>
)
[LotSizeArea] => Array
(
[0] => 9064.00
)
[SqftTotal] => Array
(
[0] => 30663
)
[YearBuilt] => Array
(
[0] => 1971
)
[BuildingName] => Array
(
[0] =>
)
[PropertyCondition] => Array
(
[0] => Above Average
)
[ParkingTotal] => Array
(
[0] => 36
)
[StoriesType] => Array
(
[0] => 4-7
)
[View] => Array
(
[0] => City
)
[MaintenanceExpense] => Array
(
[0] =>
)
[LandTenure] => Array
(
[0] => FS - Fee Simple
)
[ElementarySchool] => Array
(
[0] => Jefferson
)
[MiddleOrJuniorSchool] => Array
(
[0] => Washington
)
[HighSchool] => Array
(
[0] => Kaimuki
)
[ListOfficeMLSID] => Array
(
[0] => MOAR
)
[ListAgentEmail] => Array
(
[0] => peggyrealtyhawaii@gmail.com
)
[ListAgentDirectWorkPhone] => Array
(
[0] => (808) 729-7888
)
[ListAgentFullName] => Array
(
[0] => Peggy SY Tong Kong
)
[CloseDate] => Array
(
[0] =>
)
[Matrix_Unique_ID] => Array
(
[0] => 19295978
)
[MatrixModifiedDT] => Array
(
[0] => 2026-02-26T07:39:32.330
)
[ListingContractDate] => Array
(
[0] => 2026-02-26
)
[MLSAreaMajor] => Array
(
[0] => Metro
)
[PropertyFrontage] => Array
(
[0] =>
)
[ExemptListingEntryTimestamp] => Array
(
[0] =>
)
[MatrixModifiedTime] => Array
(
[0] => 07:39:32.330
)
[_thumbnail_id] => Array
(
[0] => 27316396
)
[listing_image] => Array
(
[0] => 27316396
[1] => 27316397
[2] => 27316398
[3] => 27316399
[4] => 27316400
[5] => 27316401
[6] => 27316402
[7] => 27316403
[8] => 27316404
[9] => 27316405
[10] => 27316406
[11] => 27316407
[12] => 27316408
[13] => 27316409
[14] => 27316410
[15] => 27316411
[16] => 27316412
[17] => 27316413
[18] => 27316414
[19] => 27316415
[20] => 27316416
)
)
- Land Area (sf): 9,064 sf
- Living (sf): 30,663
- Year Built: 1971
- Property Condition: Above Average
- Number of Parking Spaces: 36
- View: City
- Listing Office: Moana Realty LLC
- Land Tenure: FS - Fee Simple
- Elementary School: Jefferson
- Middle School: Washington
- High School: Kaimuki
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.
listings last updated on February 26, 2026 - 7:39 AM
Information is deemed reliable but not guaranteed.
Copyright: 2026 by HiCentral MLS, Ltd.
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.
© Marcus Realty. All Rights Reserved.