Honolulu real estate broker Kynan Pang, CCIM, of Excel Commercial Realty has announced the $1.1 million sale of a seven-unit multifamily property at 276 Olive Avenue in Wahiawa, signaling continued momentum in a market prized for its scarce land and consistent rental demand.
— Kynan Pang, CCIM, a leading Hawaii investment property broker and Principal and Owner of Excel Commercial Realty, has completed the $1.1 million sale of a seven-unit multifamily property at 276 Olive Avenue in Wahiawa, Oahu demonstrates sustained demand for well-located income-producing assets in the islands.
Hawaii’s limited land supply, durable rental demand, and the security of dollar-denominated assets continue to position the market as a favored destination for real estate capital. As a Hawaii investment property broker specializing exclusively in multifamily assets, Pang advises clients on opportunities that balance reliable income with long-term appreciation.
The property comprises a six-unit apartment building of one-bedroom residences and a separate one-bedroom cottage on a 4,675-square-foot lot. The buyer, a first-time multifamily investor, secured the asset for $100,000 below the original $1.2 million asking price — a discount to appraised value achieved despite competing backup offers during escrow.
“Hawaii offers a rare combination of stability and lasting demand,” said Kynan Pang, CCIM, Principal and Owner of Excel Commercial Realty. “This transaction reflects the confidence serious buyers place in well-located Pacific assets.”
Acquired as a value-add opportunity, the property carries a business plan to re-tenant units, raise rents to market, and improve gross rents by an estimated 18.5 percent. Due diligence is also expected to reduce elevated utility costs and strengthen net cash flow. Financing was arranged through a DSCR loan, navigating appraisal and funding timelines to keep the deal on track.
The Wahiawa multifamily property, situated in a central Oahu community valued for its accessibility and consistent tenant base, adds to Excel Commercial Realty’s growing record of multifamily closings. Positioned between Honolulu and the North Shore, the area draws steady demand from local residents, military families, and workforce housing tenants.
With more than a decade of experience, Pang has served both institutional clients and private investors throughout Hawaii and holds the CCIM designation, recognizing advanced expertise in commercial investment real estate.
About the company: Excel Commercial Realty is a Honolulu-based brokerage led by Hawaii investment property broker Kynan Pang, CCIM, specializing in multifamily investment sales across the islands. The firm delivers detailed property analysis, market insight, and a strategic advisory approach, serving investors at every level from first-time buyers to experienced institutional clients.
Contact Info:
Name: Kynan Pang
Email: Send Email
Organization: Excel Commercial Realty
Address: Honolulu Hawaii
Phone: (808) 225-8776
Website: https://excelcommercialrealty.com/
Release ID: 89193133
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