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54 Maluniu Ave, Kailua, HI 96734
2 min walk to Kailua District Park
11 min walk to the beach
6 min drive to the golf
17 min walk to Kailua Beach
4 min drive to Flat Island - Popoia Island
About lifestyles
5% cap rate on current income! 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.
The apartments and retails units have been split into separate TMKs (1-4-3-31-27-1 & -2) for lower property tax rates.
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Multi-family details
1965 year built
- Year Built 1965
- Year Remodeled 2023
- Days on market 50
- Price per sqft $905/sqft
-
Address
54 Maluniu Ave, Kailua, HI, 96734
- Frontage Other
- Neighborhood Kalama/cnut Grov
- Land tenure FS - Fee Simple
- Land SqFt 5,610 sqft
- View None, Mountain
- Virtual Tour View (external link)
Open Houses
No upcoming open houses
Monthly payment
Calculate your monthly payments
Mortgage
$30,032
Taxes
$2,320
HOA dues
$0
Mortgage
Down payment
$1,178,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$30,032 / month
Neighborhood: Kalama/cnut Grov
Nearby & commute
Walkability
Coffee shops
—
no data
Bus stop
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no data
Supermarket
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no data
Costco
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no data
Hospital
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no data
Park
—
no data
Beach
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no data
Elementary school
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no data
Middle school
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no data
High school
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no data
Local airport
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no data
17.83 / 20
Very walkable
►
18-20
Most Walkable
15-18
Very walkable
10-15
Somewhat walkable
1-10
Car dependent
Walkability according to the National Walkability Index
Unit Information
12 total units
# of 1 Bd
0
# of 2 Bd
0
# of 3 Bd
0
Total Units
12
Amenities & Features
7 parking places
Stories
Three
Construction
Masonry/Stucco
Utilities
Internet, Overhead Electricity, Sewer Fee, Water
Property Condition
Excellent
Parking
Assigned, Covered
nr.of parking places
7
Amenities
A/C, Storage
Income
—
Total Actual Rent
Total Annual Operating Expenses
Total Income
Net Operating Income
Kalama/cnut Grov prices
Average price $1.88m
Neighborhood average sales price*
$1.88m
Neighborhood median sales price*
$1.9m
Number or sales*
13
Street median sales price*
$1.99m
*last 6 months
Schools
15 schools with rating up to 10
| School rating | Distance | |
|---|---|---|
| out of 10 |
Kailua Elementary School
315 Kuulei Rd,
Kailua, HI 96734
Elementary School
|
0.173mi |
| out of 10 |
Kailua Elementary School
315 Kuulei Rd,
Kailua, HI 96734
Middle School
|
0.173mi |
| out of 10 |
Kailua High School
451 Ulumanu Dr,
Kailua, HI 96734
High School
|
0.966mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Kailua Elementary School
315 Kuulei Rd,
Kailua, HI 96734
|
0.173mi |
|
St. Anthony Parish School
148 Makawao Street,
Kailua, HI 96734
|
0.255mi | |
|
Hawaiian Mission Academy Windward Campus
160 Mookua Street,
Kailua, HI 96734
|
0.322mi | |
|
Huakailani School for Girls
146 Hekili Street STE 104,
Kailua, HI 96734
|
0.362mi | |
| out of 10 |
Lanikai Elementary - Public Charter School
140 Alala Rd,
Kailua, HI 96734
|
1.029mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Kailua Elementary School
315 Kuulei Rd,
Kailua, HI 96734
|
0.173mi |
|
St. Anthony Parish School
148 Makawao Street,
Kailua, HI 96734
|
0.255mi | |
|
Hawaiian Mission Academy Windward Campus
160 Mookua Street,
Kailua, HI 96734
|
0.322mi | |
|
Huakailani School for Girls
146 Hekili Street STE 104,
Kailua, HI 96734
|
0.362mi | |
| out of 10 |
Kailua Intermediate School
145 South Kainalu Dr,
Kailua, HI 96734
|
0.396mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Kailua High School
451 Ulumanu Dr,
Kailua, HI 96734
|
0.966mi |
| out of 10 |
Kalaheo High School
730 Iliaina St,
Kailua, HI 96734
|
1.265mi |
|
Kailua Christian Academy
1276 Kailua Road,
Kailua, HI 96734
|
1.296mi | |
|
Le Jardin Academy
917 Kalanianaole Hwy,
Kailua, HI 96734
|
2.119mi | |
|
Trinity Christian School
875 Auloa Road & 1110 Kailua Road,
Kailua, HI 96734
|
2.139mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Sold Nov 26, 2022
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Nov 26, 2022 | Sold | $3,315,000 | $509.45 | Public Record |
| Oct 3, 2022 | In Escrow - not showing | $3,495,000 | $537.11 | MLS #202213661 |
| Sep 6, 2022 | Active Under Contract | $3,495,000 | $537.11 | MLS #202213661 |
| Sep 6, 2022 | In Escrow - not showing | $3,495,000 | $537.11 | MLS #202213661 |
| Sep 6, 2022 | Active Under Contract | $3,495,000 | $537.11 | MLS #202213661 |
| Aug 29, 2022 | Back On Market | $3,495,000 | $537.11 | MLS #202213661 |
| Aug 2, 2022 | In Escrow - not showing | $3,495,000 | $537.11 | MLS #202213661 |
| Jul 16, 2022 | New Listing | $3,495,000 | $537.11 | MLS #202213661 |
Tax & MLS details 54 Maluniu Ave, Kailua, HI, 96734
MLS #202510044
Current Property Taxes p/month
$2,320
Assessed Improvement value
$787,000
TMK
1-4-3-031-027-0000
Flood Zone
Zone X
Topography
Level
Lot Description
Clear
Total Assessed value
$2,245,600
Listed by
Standard Management LLC
(808) 208-8107
(808) 208-8107
MLS #
202510044
Hawaii House tour report for this multi-family home
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Stunning views
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Open floorplan
Needs Work
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Similar homes nearby 54 Maluniu Ave in Kalama/cnut Grov
Recently sold nearby 54 Maluniu Ave in Kalama/cnut Grov
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Frequently asked questions for 54 Maluniu Ave
When was this multi-family home built and last sold?
This house was build in 1965.
What is the full address of this multi-family home?
54 Maluniu Ave, Kailua, HI, 96734.
Are there beaches near 54 Maluniu Ave?
The nearest beach is 0.454 miles away. It should take about 11 min walk.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2025 by HiCentral Mls, Ltd. Listing courtesy of Standard Management LLC. Some 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. Hawaii House Inc. is a real estate brokerage firm licensed to conduct business in the State of Hawaii. Information deemed reliable, but not guaranteed.
Listings last updated on May 01, 2025.
Hawaii House Last checked 2 minutes ago.
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