437 Namahana Street Honolulu, HI 96815
Listing
Overview
Price: $4,000,000
Area: WAIKIKI
Status: Sold
Fee simple, 12-unit apartment building with 6 parking stalls and coin operated laundry on-site. All tenants on month-to-month leases at an average rent of $1,250, which is low for a nice, one bedroom unit in Waikiki. This prime building recently returned to the ground lessor. Take a look at the photos of each pleasant unit to see the condition – they are all 1 bedroom / 1 bathroom units. The entire property is secured around the perimeter with a gate and there is a separate, gated-off strip of land in the back which could become a garden, outdoor common area, or bark park for pets. This property offers significant value-add opportunities. By adjusting rents to market rates, investors can maximize returns and enhance the property’s overall value. Listing by: Standard Management LLC (808) 208-8107
array(48) {
["MLSNumber"]=>
array(1) {
[0]=>
string(9) "202415757"
}
["StreetNumber"]=>
array(1) {
[0]=>
string(3) "437"
}
["PropertyType"]=>
array(1) {
[0]=>
string(12) "Multi-Family"
}
["StreetName"]=>
array(1) {
[0]=>
string(8) "Namahana"
}
["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(10) "4000000.00"
}
["CurrentPrice"]=>
array(1) {
[0]=>
string(10) "4000000.00"
}
["Neighbourhood"]=>
array(1) {
[0]=>
string(7) "WAIKIKI"
}
["Status"]=>
array(1) {
[0]=>
string(4) "Sold"
}
["PublicRemarks"]=>
array(1) {
[0]=>
string(763) "Fee simple, 12-unit apartment building with 6 parking stalls and coin operated laundry on-site. All tenants on month-to-month leases at an average rent of $1,250, which is low for a nice, one bedroom unit in Waikiki. This prime building recently returned to the ground lessor. Take a look at the photos of each pleasant unit to see the condition – they are all 1 bedroom / 1 bathroom units. The entire property is secured around the perimeter with a gate and there is a separate, gated-off strip of land in the back which could become a garden, outdoor common area, or bark park for pets. This property offers significant value-add opportunities. By adjusting rents to market rates, investors can maximize returns and enhance the property’s overall value."
}
["ListOfficeName"]=>
array(1) {
[0]=>
string(23) "Standard Management 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) "4500.00"
}
["SqftTotal"]=>
array(1) {
[0]=>
string(4) "6067"
}
["YearBuilt"]=>
array(1) {
[0]=>
string(4) "1966"
}
["BuildingName"]=>
array(1) {
[0]=>
string(0) ""
}
["PropertyCondition"]=>
array(1) {
[0]=>
string(21) "Above Average,Average"
}
["ParkingTotal"]=>
array(1) {
[0]=>
string(1) "6"
}
["StoriesType"]=>
array(1) {
[0]=>
string(5) "Three"
}
["View"]=>
array(1) {
[0]=>
string(4) "None"
}
["MaintenanceExpense"]=>
array(1) {
[0]=>
NULL
}
["LandTenure"]=>
array(1) {
[0]=>
string(15) "FS - Fee Simple"
}
["ElementarySchool"]=>
array(1) {
[0]=>
string(7) "Ala Wai"
}
["MiddleOrJuniorSchool"]=>
array(1) {
[0]=>
string(10) "Washington"
}
["HighSchool"]=>
array(1) {
[0]=>
string(8) "Mckinley"
}
["ListOfficeMLSID"]=>
array(1) {
[0]=>
string(4) "SMGT"
}
["ListAgentEmail"]=>
array(1) {
[0]=>
string(27) "mike@standardcommercial.com"
}
["ListAgentDirectWorkPhone"]=>
array(1) {
[0]=>
string(14) "(808) 208-8107"
}
["ListAgentFullName"]=>
array(1) {
[0]=>
string(17) "Michael M Okamoto"
}
["CloseDate"]=>
array(1) {
[0]=>
string(10) "2025-04-30"
}
["MatrixModifiedDT"]=>
array(1) {
[0]=>
string(23) "2025-05-07T16:14:50.930"
}
["Matrix_Unique_ID"]=>
array(1) {
[0]=>
string(8) "18119588"
}
["OriginalEntryTimestamp"]=>
array(1) {
[0]=>
string(23) "2024-07-09T13:07:34.697"
}
["MLSAreaMajor"]=>
array(1) {
[0]=>
string(5) "Metro"
}
["PropertyFrontage"]=>
array(1) {
[0]=>
string(5) "Other"
}
["SpecialListingConditions"]=>
array(1) {
[0]=>
string(4) "None"
}
["_thumbnail_id"]=>
array(1) {
[0]=>
string(8) "26615436"
}
["listing_image"]=>
array(26) {
[0]=>
string(8) "26615436"
[1]=>
string(8) "26615437"
[2]=>
string(8) "26615438"
[3]=>
string(8) "26615439"
[4]=>
string(8) "26615440"
[5]=>
string(8) "26615441"
[6]=>
string(8) "26615442"
[7]=>
string(8) "26615443"
[8]=>
string(8) "26615444"
[9]=>
string(8) "26615445"
[10]=>
string(8) "26615446"
[11]=>
string(8) "26615447"
[12]=>
string(8) "26615448"
[13]=>
string(8) "26615449"
[14]=>
string(8) "26615450"
[15]=>
string(8) "26615451"
[16]=>
string(8) "26615452"
[17]=>
string(8) "26615453"
[18]=>
string(8) "26615454"
[19]=>
string(8) "26615455"
[20]=>
string(8) "26631827"
[21]=>
string(8) "26631828"
[22]=>
string(8) "26631829"
[23]=>
string(8) "26631830"
[24]=>
string(8) "26631831"
[25]=>
string(8) "26686078"
}
["ListingContractDate"]=>
array(1) {
[0]=>
string(10) "2024-07-09"
}
["ExemptListingEntryTimestamp"]=>
array(1) {
[0]=>
string(0) ""
}
["MatrixModifiedTime"]=>
array(1) {
[0]=>
string(12) "16:14:50.930"
}
}
Array
(
[MLSNumber] => Array
(
[0] => 202415757
)
[StreetNumber] => Array
(
[0] => 437
)
[PropertyType] => Array
(
[0] => Multi-Family
)
[StreetName] => Array
(
[0] => Namahana
)
[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] => 4000000.00
)
[CurrentPrice] => Array
(
[0] => 4000000.00
)
[Neighbourhood] => Array
(
[0] => WAIKIKI
)
[Status] => Array
(
[0] => Sold
)
[PublicRemarks] => Array
(
[0] => Fee simple, 12-unit apartment building with 6 parking stalls and coin operated laundry on-site. All tenants on month-to-month leases at an average rent of $1,250, which is low for a nice, one bedroom unit in Waikiki. This prime building recently returned to the ground lessor. Take a look at the photos of each pleasant unit to see the condition – they are all 1 bedroom / 1 bathroom units. The entire property is secured around the perimeter with a gate and there is a separate, gated-off strip of land in the back which could become a garden, outdoor common area, or bark park for pets. This property offers significant value-add opportunities. By adjusting rents to market rates, investors can maximize returns and enhance the property’s overall value.
)
[ListOfficeName] => Array
(
[0] => Standard Management LLC
)
[BedsTotal] => Array
(
[0] =>
)
[BathsFull] => Array
(
[0] =>
)
[BathsHalf] => Array
(
[0] =>
)
[LotSizeArea] => Array
(
[0] => 4500.00
)
[SqftTotal] => Array
(
[0] => 6067
)
[YearBuilt] => Array
(
[0] => 1966
)
[BuildingName] => Array
(
[0] =>
)
[PropertyCondition] => Array
(
[0] => Above Average,Average
)
[ParkingTotal] => Array
(
[0] => 6
)
[StoriesType] => Array
(
[0] => Three
)
[View] => Array
(
[0] => None
)
[MaintenanceExpense] => Array
(
[0] =>
)
[LandTenure] => Array
(
[0] => FS - Fee Simple
)
[ElementarySchool] => Array
(
[0] => Ala Wai
)
[MiddleOrJuniorSchool] => Array
(
[0] => Washington
)
[HighSchool] => Array
(
[0] => Mckinley
)
[ListOfficeMLSID] => Array
(
[0] => SMGT
)
[ListAgentEmail] => Array
(
[0] => mike@standardcommercial.com
)
[ListAgentDirectWorkPhone] => Array
(
[0] => (808) 208-8107
)
[ListAgentFullName] => Array
(
[0] => Michael M Okamoto
)
[CloseDate] => Array
(
[0] => 2025-04-30
)
[MatrixModifiedDT] => Array
(
[0] => 2025-05-07T16:14:50.930
)
[Matrix_Unique_ID] => Array
(
[0] => 18119588
)
[OriginalEntryTimestamp] => Array
(
[0] => 2024-07-09T13:07:34.697
)
[MLSAreaMajor] => Array
(
[0] => Metro
)
[PropertyFrontage] => Array
(
[0] => Other
)
[SpecialListingConditions] => Array
(
[0] => None
)
[_thumbnail_id] => Array
(
[0] => 26615436
)
[listing_image] => Array
(
[0] => 26615436
[1] => 26615437
[2] => 26615438
[3] => 26615439
[4] => 26615440
[5] => 26615441
[6] => 26615442
[7] => 26615443
[8] => 26615444
[9] => 26615445
[10] => 26615446
[11] => 26615447
[12] => 26615448
[13] => 26615449
[14] => 26615450
[15] => 26615451
[16] => 26615452
[17] => 26615453
[18] => 26615454
[19] => 26615455
[20] => 26631827
[21] => 26631828
[22] => 26631829
[23] => 26631830
[24] => 26631831
[25] => 26686078
)
[ListingContractDate] => Array
(
[0] => 2024-07-09
)
[ExemptListingEntryTimestamp] => Array
(
[0] =>
)
[MatrixModifiedTime] => Array
(
[0] => 16:14:50.930
)
)
- Land Area (sf): 4,500 sf
- Living (sf): 6,067
- Year Built: 1966
- Property Condition: Above Average,Average
- Number of Parking Spaces: 6
- View: None
- Listing Office: Standard Management LLC
- Land Tenure: FS - Fee Simple
- Elementary School: Ala Wai
- Middle School: Washington
- High School: Mckinley
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.
listings last updated on May 7, 2025 - 4:14 PM
Information is deemed reliable but not guaranteed.
Copyright: 2025 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.
