Kynan Pang, CCIM, of Excel Commercial Realty has closed the $1.1 million sale of a seven-unit Hawaii multifamily investment property at 276 Olive Avenue in Wahiawa, Oahu, underscoring steady demand for income-producing assets in one of the nation’s most supply-constrained real estate markets.
— Kynan Pang, CCIM, Principal and Owner of Excel Commercial Realty, has completed the $1.1 million sale of a seven-unit Hawaii multifamily investment property at 276 Olive Avenue in Wahiawa, O’ahu. The transaction highlights the steady appeal of income-producing assets in one of the most supply-constrained real estate markets in the United States.
Limited land supply, consistent rental demand, and the stability of the U.S. dollar continue to make Hawaii multifamily investment assets a dependable option for investors seeking reliable returns.
The property consists of a six-unit apartment building of one-bedroom, one-bath residences alongside a separate one-bedroom cottage, set on a 4,675-square-foot A-2 zoned lot in the heart of Central Oahu. The buyer, a first-time multifamily investor, acquired the asset for $100,000 below the original $1.2 million asking price, securing the deal at a discount to appraised value despite competing backup offers during escrow.
“Multifamily properties in Hawaii offer a combination of stability and durable demand that is difficult to replicate in many markets,” said Kynan Pang, CCIM, Principal and Owner of Excel Commercial Realty. “This sale reflects the kind of reliable income and long-term value that draws serious investors to the Pacific.”
The acquisition was structured as a value-add opportunity, with a business plan to re-tenant units, bring rents to market, and improve gross rents by an estimated 18.5 percent. Due diligence identified elevated water and sewer costs traced to plumbing issues throughout the building — a problem that, once resolved, is expected to reduce operating expenses and strengthen net cash flow. Financing was arranged through a DSCR loan rather than a conventional bank product, navigating appraisal and funding timelines to keep the transaction on track.
The seven-unit property in Wahiawa, a central Oahu community known for its cooler climate, steady tenant base, and accessibility, adds to a growing record of multifamily closings handled by Excel Commercial Realty. Positioned between Honolulu’s urban core and the North Shore, Wahiawa draws consistent rental demand from local residents, military families, and workforce housing tenants, with nearby landmarks including Schofield Barracks, Wheeler Army Airfield, and the Dole Plantation.
With more than a decade specializing exclusively in multifamily investment sales, Pang has advised both institutional clients and private investors throughout Hawaii. He holds the CCIM designation, recognizing advanced expertise in commercial investment real estate.
About the company: Excel Commercial Realty is a Honolulu-based brokerage specializing in Hawaii multifamily investment sales. Led by Principal and Owner Kynan Pang, CCIM, the firm offers detailed property analysis, market insight, and a strategic advisory approach for investors ranging from first-time buyers to institutions.
Contact Info:
Name: Kynan Pang
Email: Send Email
Organization: Excel Commercial Realty
Address: Hawaii
Phone: (808) 225-8776
Website: https://excelcommercialrealty.com/
Release ID: 89193131
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