Message from Kynan
As a principal broker and trusted advisor specializing in Hawaii multifamily investment properties, we know that every transaction brings unique challenges and opportunities. Whether it’s navigating complex ownership structures, adapting to shifting market conditions, or crafting a targeted marketing strategy, our mission at Excel Commercial Realty is to guide our clients through every stage with precision, expertise, and aloha.
Over the years, we’ve successfully helped clients overcome these obstacles ranging from aging ownership and tough family dynamics to market shifts and property distress. Our commitment is simple: to ensure your objectives are met, your investment is protected, and your experience exceeds expectations.
The following collection of client success stories highlights some of the more challenging and rewarding assignments we’ve completed for our clients. You’ll see a variety of tactics and strategies in action—each tailored to the unique needs of Hawaii’s multifamily market. If you are considering selling or investing in a multifamily property you may find parallels to your own situation among these stories.
As you review these client success highlights, we hope you’ll gain confidence in our ability to deliver results, no matter the complexity of your real estate goals.
Please feel free to reach out at any time to discuss how we can help you achieve the best possible outcome for your multifamily property investments.
Aloha, Kynan Pang, CCIM (B)
412 KEONIANA STREET
$5,200,000
412 Keoniana St., Honolulu, HI 96815
$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."
2116 LIME STREET
$3,475,000 2116 Lime Street, Honolulu, HI 96826
$3.475M Off-Market Multifamily Acquisition in McCully, Honolulu
When our client sought to reinvest capital from their business operations into a multifamily investment, they needed a property that would provide strong cash flow and opportunities for value appreciation. Finding the right deal in a competitive market was challenging, but through our expertise and network, we secured an off-market 15-unit property in the desirable McCully neighborhood.
Project Highlights
• Property Type & Size: A 15-unit multifamily property featuring 12 two-bedroom, one-bathroom units and 3 one-bedroom, one-bathroom units on 9,600 square feet of land.
• Prime Location: Located in McCully, Honolulu, a high-demand rental area with excellent accessibility to urban amenities.
• Acquisition Price: $3,475,000.
• Nearby Landmarks: Close to Ala Moana Shopping Center, Waikiki Beach, the University of Hawaii at Manoa, and McCully Shopping Center. The property benefits from easy access to major thoroughfares and public transportation.
Challenges Faced
• Competitive Market Conditions: With high demand for multifamily investments, securing an ideal property at the right price was a challenge.
• Identifying Off-Market Opportunities: Many of the best investment properties do not hit the open market, requiring strong industry connections to uncover hidden deals.
Advantages Secured
• Exclusive Off-Market Opportunity: We sourced a rare 15-unit multifamily property that met the buyer’s investment criteria.
• Strong Cash Flow & Value-Add Potential: The property provided immediate income with potential for rent increases through strategic upgrades.
• Desirable Location: McCully’s central location ensures strong tenant demand and long-term appreciation.
About McCully, Honolulu
McCully is a vibrant neighborhood in Honolulu, known for its convenient location between Waikiki and downtown Honolulu. It offers a mix of residential, retail, and dining options, making it a popular choice for both residents and investors. The area's proximity to the University of Hawaii at Manoa, major shopping centers, and public parks contributes to its strong rental demand. With continued development and infrastructure improvements, McCully remains a prime market for multifamily investments.
Client Testimonial
"The level of attention and guidance Kynan provided throughout this transaction was exceptional. He not only found a fantastic off-market deal in a prime neighborhood but also ensured the acquisition fit perfectly with our long-term investment goals. We're thrilled with the results!"
1223 WILDER AVENUE
$1,480,000 1223 Wilder Avenue, Honolulu, HI 96822
$1.48M Value-Add Multifamily Acquisition in Makiki, Honolulu
The seller of a distressed 6-unit multifamily property in Makiki, Honolulu, needed a buyer capable of revitalizing a vacant, boarded-up building that had attracted squatters and required extensive renovations. With our expertise, we connected an investor seeking a value-add opportunity to acquire and transform the property into a high-performing asset.
Project Highlights
• Property Type & Size: A 6-unit multifamily property featuring one 4-bedroom, 2-bathroom house, two 2-bedroom, 1-bathroom units, and three 1-bedroom, 1-bathroom units on a corner lot.
• Prime Location: Situated in Makiki, Honolulu, a tenant-friendly neighborhood known for its accessibility and strong rental demand.
• Acquisition Price: $1,480,000.
• Nearby Landmarks: Close to Punahou School, the University of Hawai i at Manoa, Ala Moana Center, and downtown Honolulu, providing excellent access to employment centers and amenities.
Challenges Faced
• Distressed Property Condition: The building was vacant, boarded up, and had been a site for squatter activity and homelessness.
• Extensive Renovation Needs: The property required significant repairs and updates to be market-ready.
• Off-Market Transaction: Finding a buyer with the experience and capability to handle a complex acquisition and redevelopment project.
Advantages Secured
• Exclusive Off-Market Opportunity: We connected the buyer with a high-potential investment that wasn’t available on the open market.
• Strategic Value-Add Plan: The buyer implemented a renovation strategy to enhance the property’s condition, attract tenants, and optimize rental income.
• Prime Location for Long-Term Growth: The property's proximity to top schools, retail centers, and business districts ensures consistent demand and strong appreciation potential.
About Makiki, Honolulu
Makiki is a centrally located neighborhood in Honolulu, offering a blend of residential and urban conveniences. Known for its proximity to top schools, major shopping centers, and government offices, Makiki attracts a diverse tenant base, from students to professionals. Its strong rental demand and access to public transportation make it a desirable location for multifamily investments. With ongoing infrastructure improvements and urban renewal efforts, Makiki remains a prime market for value-add real estate opportunities.
Client Testimonial
" Working with Kynan and his team was a game-changer for us. They not only helped us identify a fantastic off-market property in a prime location but also guided us through every step of the acquisition process. The results speak for themselves – we ’ ve turned a distressed property into a cornerstone of our portfolio. We couldn’t have done it without Excel Commercial Realty’s expertise and dedication "
366 LEHU
$988,800
366 Lehua St. , Hilo, HI 96720
$988,800 Multi-Unit I
When our client set uncertainty about Hilo, HI, implementing a house hacking st
Project Highlights
• Property Type consisting of one two 2-bedroom, square foot lot.
• Prime Location: Hilo Bay, offering environment.
• Acquisition Price:
• Nearby Landmarks: Liliuokalani Park and the University benefits from and cultural att
Challenges Fa
• Navigating a Competiti
• First-Time Multifamily entire process.
Advantages Secu
• Strategic House reducing housing costs and gene
• Personalized properties, and structuring a plan for long-term wealth-buildin
• Strong Market and future appreciation potential.
About Hilo, HI
Hilo is the largest local economy. Home like the University demand for rental investment.
Client Testimonial
"Through my past with. He was the right He kept me updated with him again."
808-225-8776
kpang@excelcommercialrealty.com Excelcommercialrealty.com
Kynan Pang (B), CCIM, Principal & Owner of Excel Commercial Realty, specializes in the sale of multifamily investment properties and has extensive knowledge and expertise in the field. With more than 10 years in the commercial real estate industry, Kynan has established himself as a trusted advisor and has amassed a thorough knowledge of the nuances of the Hawaii multifamily real estate market.
Whether you are a seasoned real estate investor or just starting out, Kynan will be your partner in helping you achieve your investment objectives. Kynan takes pride in providing exceptional client service, detailed property analysis, and a strategic advisor approach to his practice.
Kynan has serviced not only institutional clients such as Kamehameha Schools, Red Tail Acquisitions, and Finance Enterprises Ltd., but also, smaller local businesses and private investors.
Kynan holds the coveted CCIM (Certified Commercial Investment Member) designation, which is recognized as the Ph.D. of commercial real estate. Kynan currently serves on the CCIM Hawaii Chapter’s Board of Directors and is a Past President (2024).