$5.2M Off-Market Resort-Zoned Multifamily Acquisition in Waikiki, HI

When our client sought to reinvest capital from their business operations into a multifamily investment, they needed a property that aligned with their strategy but struggled to find the right opportunity. Through our market expertise and extensive network, we secured an off-market, resort-zoned 9-unit property in the heart of Waikiki that fit their vision perfectly.

Project Highlights

• Property Type & Size: A 9-unit multifamily building, consisting of all 2-bedroom, 1-bathroom units with 9 parking stalls.
• Prime Location: Situated in world-renowned Waikiki, HI, benefiting from high rental demand and resort zoning flexibility.
• Acquisition Price: $5,200,000.
• Nearby Landmarks: Just minutes away from Waikiki Beach, the Honolulu Zoo, Kapiolani Park, Ala Moana Shopping Center, and the Waikiki Aquarium. The property also provides easy access to Kalakaua Avenue, top dining, entertainment, and outdoor recreation options.

Challenges Faced:

• Identifying the Right Investment: The buyer had a specific investment strategy but was struggling to find a property that met their criteria.
• Off-Market Search: The most lucrative deals in Waikiki are often secured off-market, requiring strong industry connections and owner relationships.

Advantages Secured:

• Exclusive Off-Market Opportunity: Leveraging our network, we identified a deal that was not publicly listed.
• Resort Zoning Benefits: The property allows for flexible rental strategies, including short-term and long-term leasing options.
• Value-Add Potential: The buyer plans to renovate and refresh the building to capitalize on Waikiki’s strong rental market, ensuring long-term profitability.

About Waikiki, Honolulu

Waikiki, located on the south shore of Honolulu, is one of the most famous beach destinations in the world. Known for its stunning beaches, luxury hotels, and vibrant nightlife, Waikiki attracts millions of tourists annually. The area is home to iconic landmarks such as Diamond Head, the International Market Place, and the Royal Hawaiian Center. With its mix of high-end resorts, shopping, dining, and recreational activities, Waikiki continues to be a top choice for investors seeking strong rental demand and appreciation potential.

Client Testimonial:

"Kynan provided exceptional service and demonstrated true professionalism throughout our entire experience. With his help, we were able to purchase a rare off-market property in Waikiki. Despite the complexity of the negotiations, he made the entire transaction smooth and stress-free. Kynan was always quick to respond and paid close attention to every detail. We highly recommend his services to anyone looking for a reliable and diligent real estate professional."