2848 Date Street
2848 Date Street presents a rare opportunity to acquire a fully stabilized, renovated multifamily asset in one of Honolulu’s most supply-constrained submarkets. With over $450,000 of recent capital improvements, investors can benefit from modernized units, reduced maintenance exposure, and strong in-place income.
The Property’s combination of prime location, consistent occupancy, and upgraded condition positions it as a turnkey investment offering immediate cash flow and long-term value appreciation potential.
For investors seeking durable performance and exposure to Hawaii’s resilient, high-barrier-to-entry multifamily market, 2848 Date Street stands out as a compelling opportunity.
PROPERTY HIGHLIGHTS
Recently Renovated Asset
The Owner has invested approximately $452,881 in capital improvements since 2020, averaging $37,740 per unit. Recent upgrades enhance both curb appeal and operational efficiency, allowing investors to acquire a turnkey, low-maintenance property with minimal near-term capital requirements.
Proven Rental Demand
Honolulu’s urban apartment market continues to demonstrate strong occupancy and limited supply, particularly for smaller multifamily assets. The Property’s full occupancy underscores stable tenant demand and dependable cash flow.
Attractive Parking Ratio
One parking stall per unit—a significant advantage in this dense submarket—supports consistent tenant retention and long-term rent stability.
Prime Central Location
Strategically situated minutes from Waikiki, Ala Moana Center, and
the University of Hawaii at Manoa, tenants benefit from proximity to major employment, retail, and entertainment hubs. The neighborhood is anchored by Safeway and surrounded by popular local eateries including Zippy’s, Rainbow Drive-In, Popeyes, and Starbucks, ensuring a vibrant and convenient living environment.
Excellent Accessibility
Located along Date Street, the Property enjoys seamless connectivity to Kapiolani Boulevard, Kapahulu Avenue, and both east- and west-bound H-1 freeway onramps—providing easy island-wide access.
Additional Income Stream
On-site coin-operated laundry facilities offer an immediate and reliable source of ancillary revenue.
Efficient Utility Structure
Each apartment is separately metered for electricity, with a single house meter, ensuring operational efficiency and predictable expense control.
Basic Facts
| Status: Open | Type: Multi-Family | Purchase Type: Fee Simple | Area: 8388 sq ft |
| Lot size: 5000 sq ft | Zoning: A-2 |
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- Senior Associate
As a Senior Associate at Cushman & Wakefield Chaney Brooks (CWCB) in Oahu, Kelly is a specialist in the Industrial Commercial Real Estate arena. With over half a decade of experience she provides excellent client service and is a leader in the Hawai’i market. Kelly has completed over 250 transactions for both landlords, tenants, buyers and sellers. Her commitment to her clients is unparalleled. As a major force for the Industrial Division at CWCB Hawai'i, she oversees more than 500,000 square feet of industrial space, always ensuring her clients are met with nothing but the best. Kelly is an active participant in key industry organizations, such as NAIOP and CCIM. she will be acquiring her CCIM designation in 2024, this shows her dedication to ongoing professional enhancement, always aiming to elevate the value she offers to her clientele. Oahu-born and raised, Kelly's connection with the island goes beyond her profession. Her local insights are enriched by her dual BBA in Finance and MIS from the University of Hawaii at Manoa. Beyond this academic rigor, she passionately serves as the Secretary for the Shidler College of Business Alumni Association, where she contributed to securing $65,000 for student scholarships in 2023.
- Licensed Real Estate Salesperson, State of Hawaii: RS-79079
- (808) 544-1781
- kvea@chaneybrooks.com
