Rare Opportunity –40-Unit Apt Bldg in Salt Lake. Attractive 6 story trophy building to add to your investment portfolio! Building is a solid CMU and concrete structure, offering durability & low maintenance. The property features a keyed elevator for added convenience and ample 49 parking stalls. 100% leased but Rents under market with lots of development potential. 20– one bdrm; 20– two bdrm units. All units large in size w/lanais. Mgmt office on ground floor w/full bathroom. Coin operated laundry facility on each floor. Large storage room on pkg level as well as multiple storage rooms throughout building.Ideally situated near schools, shopping centers, freeway access, & public transportation, ensuring strong tenant demand. Original but maintained property in a high-demand rental market! Sold in Existing AS IS Condition. Buyer to conduct own Due Diligence. Do not disturb tenants, knock on doors nor park on property. Please contact Listor with additional questions. Must sign NDA for financials. Call for Offers Deadline, March 21, 2025, Friday at Noon. PSA must include verification of cash funds &/ Commercial lender preapproval.
Courtesy: Luxury Homes International / (808) 797-3344
MLS: 202506287
About Salt Lake Honolulu & Moanalua
Both Moanalua & Salt Lake were originally included in the ahupua'a, or land division passed down from Princess Bernice Puahi Bishop to Samuel Damon in the late 1800's. Most of it was then sold by the Damon family in 1956 to developers, most significantly businessman Clarence T. Ching.
Ching divided the property into lots, which owners could build on as they wished. That's why there are so many unique houses, reflecting the tastes of individual owners. Those aren't the only differences that exist in the trio of neighborhoods that make up this area, which is why it's best to look at them indi... Read more
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 20, 2025.Information is deemed reliable but not guaranteed.
Sold 5/27/25 at $11,500,000 (List Price: $11,000,000)
Description
Rare Opportunity –40-Unit Apt Bldg in Salt Lake. Attractive 6 story trophy building to add to your investment portfolio! Building is a solid CMU and concrete structure, offering durability & low maintenance. The property features a keyed elevator for added convenience and ample 49 parking stalls. 100% leased but Rents under market with lots of development potential. 20– one bdrm; 20– two bdrm units. All units large in size w/lanais. Mgmt office on ground floor w/full bathroom. Coin operated laundry facility on each floor. Large storage room on pkg level as well as multiple storage rooms throughout building.Ideally situated near schools, shopping centers, freeway access, & public transportation, ensuring strong tenant demand. Original but maintained property in a high-demand rental market! Sold in Existing AS IS Condition. Buyer to conduct own Due Diligence. Do not disturb tenants, knock on doors nor park on property. Please contact Listor with additional questions. Must sign NDA for financials. Call for Offers Deadline, March 21, 2025, Friday at Noon. PSA must include verification of cash funds &/ Commercial lender preapproval.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 20, 2025.Information is deemed reliable but not guaranteed.
Both Moanalua & Salt Lake were originally included in the ahupua'a, or land division passed down from Princess Bernice Puahi Bishop to Samuel Damon in the late 1800's. Most of it was then sold by the Damon family in 1956 to developers, most significantly businessman Clarence T. Ching.
Ching divided the property into lots, which owners could build on as they wished. That's why there are so many unique houses, reflecting the tastes of individual owners. Those aren't the only differences that exist in the trio of neighborhoods that make up this area, which is why it's best to look at them indi... Read more
You do not own the land, but have the right to use the land until an expiration year. At expiration the ownership typically reverts back to the land owner.
Buyer and Seller have reached an agreement and are under contract. The sale may be subject to one or more contingencies.
We have handled many transactions for clients who purchase Hawaii real estate without visiting. By request, we can prepare thorough property videos to ensure you are familiar with every detail necessary. All documents can be signed remotely.
Buyer and Seller have reached an agreement and are under contract. The sale is expected to close / record soon.
We will be happy to work with you as a Buyer's agent. Call us to learn more: 808-943-9000. Note: A Seller's agent has a fiduciary responsibility towards the Seller. Working with a Buyer's agent objectives and goals are aligned, at no cost to you, the Buyer.
Other fees could be a special assessment, reserve contributions etc.
DOM = Days On Market. Our site shows listings immediately. A brand new listing may show DOM 2 or 3 days, if listing agent did not upload the same day listing agreement was executed.
Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
