EXCELLENCE DELIVERED CLIENT SUCCESS HIGHLIGHTS
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)
808-225-8776 kpang@excelcommercialrealty.com excelcommercialrealty.com
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.
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Prime Location: Situated in world-renowned Waikiki, HI, benefiting from high rental demand and resort zoning flexibility.
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Acquisition Price: $5,200,000.
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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.
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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.
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Resort Zoning Benefits: The property allows for flexible rental strategies, including short-term and long-term leasing options.
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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."
excelcommercialrealty.com
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.
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Prime Location: Located in McCully, Honolulu, a high-demand rental area with excellent accessibility to urban amenities.
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Acquisition Price: $3,475,000.
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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.
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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.
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Strong Cash Flow & Value-Add Potential: The property provided immediate income with potential for rent increases through strategic upgrades.
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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!"
excelcommercialrealty.com
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.
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Prime Location: Situated in Makiki, Honolulu, a tenant-friendly neighborhood known for its accessibility and strong rental demand.
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Acquisition Price: $1,480,000.
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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.
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Extensive Renovation Needs: The property required significant repairs and updates to be market-ready.
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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.
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Strategic Value-Add Plan: The buyer implemented a renovation strategy to enhance the property’s condition, attract tenants, and optimize rental income.
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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."
excelcommercialrealty.com
366 LEHUA STREET $988,800 366 Lehua St. , Hilo, HI 96720
$988,800 Multi-Unit Investment Acquisition in Hilo, HI When our client set out to invest in a multifamily property, she faced numerous obstacles, from limited inventory to uncertainty about where to begin. With our strategic guidance, she successfully acquired a three-unit property in Hilo, HI, implementing a house hacking strategy to generate passive income while reducing living expenses.
Project Highlights •
Property Type & Size: A multi-unit property consisting of one 3-bedroom, 2-bathroom home and two 2-bedroom, 1-bathroom units on an 11,325 square foot lot.
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Prime Location: Situated in desirable Hilo, HI, near Hilo Bay, offering strong rental demand and a scenic environment.
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Acquisition Price: $988,800.
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Nearby Landmarks: Minutes from Hilo Bay, Liliuokalani Park and Gardens, Hilo Farmers Market, and the University of Hawaii at Hilo. The property benefits from easy access to local dining, shopping, and cultural attractions.
Challenges Faced •
Navigating a Competitive Market: Limited inventory made finding the right investment property difficult.
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First-Time Multifamily Investor: The buyer was new to multifamily investing and needed guidance on the entire process.
Advantages Secured •
Strategic House Hacking Opportunity: The buyer could live in one unit while renting out the other two, reducing housing costs and generating rental income.
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Personalized Investment Guidance: We assisted in securing financing, identifying viable investment properties, and structuring a plan for long-term wealth-building.
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Strong Market Positioning: Located in a high-demand rental area, the property ensures consistent cash flow and future appreciation potential.
About Hilo, HI Hilo is the largest city on the Big Island of Hawai i, known for its lush landscapes, rich cultural heritage, and vibrant local economy. Home to the renowned Hilo Farmers Market, beautiful beaches, and key educational institutions like the University of Hawai i at Hilo, the area continues to attract residents and investors alike. With a strong demand for rental housing and ongoing economic development, Hilo remains a prime location for real estate investment.
Client Testimonial "Through my past experiences in real estate, I can confidently say that Kynan was the best agent I’ve ever worked with. He was the right person for a purchase of this caliber—knowledgeable, experienced, and highly responsive. He kept me updated throughout the entire transaction and maintained a positive attitude. I’ll definitely be working with him again."
excelcommercialrealty.com
708 F Olokele Avenue $1,600,000 708 F Olokele Avenue, Honolulu, HI 96816
$1.6M Legacy Property Sale – 4-Unit Apartment Building in Kaimuki, Honolulu A multigenerational family property located at 708F Olokele Avenue, Honolulu, HI was ready for transition. The 4-unit apartment building, constructed from durable hollow tile, featured one 3-bedroom, 2-bath unit, one 2-bedroom, 1-bath unit, and two 1-bedroom, 1-bath units, along with 8 parking stalls. Originally built by the family patriarch, it had been maintained by one of his sons for over 30 years.
Project Highlights •
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Property Type & Size: A 4-unit concrete apartment building with a mix of 1, 2, and 3-bedroom layouts and 8 dedicated parking stalls. Location Advantage: Located in Kaimuki, just outside Kapahulu and Diamond Head, near Waikiki, Kahala Mall, and the University of Hawai‘i at Mānoa. Sales Price: $1,600,000.
Challenges Faced •
Family Transition: The property was inherited by two brothers after the passing of their father. One brother had lived on-site and was now transitioning to a senior care facility.
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Urgent Financial Needs: The cost of the senior care home was high, and the sale proceeds were needed to fund housing and healthcare expenses for both brothers.
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Emotional Sale: The family had a deep emotional connection to the property, which added complexity to the decision-making process.
Solutions & Advantages •
Accurate Valuation & Trusted Advice: Excel Commercial Realty provided a thorough market analysis, and the owners were confident in the valuation and marketing approach.
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Tailored Marketing Strategy: We highlighted the property’s strongest features—including its fresh exterior paint, solid structure, large parcel, and prime location—to attract qualified buyers.
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Record-Setting Result: The property sold at a per-unit price of $400,000, setting a benchmark in the area. The sellers were able to transition to a more comfortable lifestyle and meet their financial goals.
About Kaimuki, Honolulu Kaimuki is one of Honolulu’s most beloved neighborhoods, known for its blend of vintage charm, local eateries, and proximity to some of the city’s most iconic attractions. Just a short drive from Waikiki and Diamond Head, the area is a hotspot for renters seeking convenience, culture, and lifestyle. Its central location and community feel make Kaimuki an attractive market for multifamily investments.
Client Testimonial "We are grateful to have had Kynan on our team to sell our family’s property. He was very thorough and patient with us throughout the process. What seemed like an impossible task and life transition, he made easy for our family to move on with the next phase of our lives."
excelcommercialrealty.com
276 Olive Avenue $1,100,000 276 Olive Avenue, Wahiawa, ,HI. 96786 First-Time Investor Acquires 7-Unit Wahiawa Building. $100,000 Below Asking, With Built-In Upside. Our client set a goal to invest in their first multifamily property to create long-term wealth for their family. They found us through our website, hawaiimultifamilyadvisor.com and we immediately connected. After an initial advisory session covering the fundamentals of multifamily ownership, we got her qualified and began identifying opportunities within their budget and target area, Wahiawa, Oahu. They utilized their home equity to invest and execute a value-add business plan.
Project Highlights •
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Property Type & Size: A 7-unit multifamily property consisting of a 6-1bd/1ba unit apartment building and a separate 1bd/1ba cottage situated on a 4,675 square foot A-2 zoned lot. Prime Location: Situated in desirable Wahiawa, HI., located in the heart of Central Oahu offering strong rental demand and a scenic environment. Acquisition Price: $1,100,000. Nearby Landmarks: Minutes from Schofield Barracks, Wheeler Army Airfield, Wahiawa Shopping Center, Dole Plantation, and North Shore access routes.
Challenges Faced This transaction required navigating multiple layers of complexity: •
Navigating a Competitive Bidding Process: Offered $100K below asking ($1.2M list price) Seller received higher-priced backup offers during our escrow.
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Physical Challenges: Due diligence uncovered an abnormally high water/sewer bill relative to the property size. Traced to leaking fixtures and running toilets throughout the building.
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Creative Financing Structure: Financing required creative structuring via a DSCR loan rather than a conventional local bank product.
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Time is of the Essence: Appraisal and funding timing issues threatened to derail the transaction timeline.
Solutions & Advantages •
Acquired at a Discount: Purchased for $100,000 below asking price and appraised value.
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Value-Add Strategy: An opportunity to re-tenant, increase rents to market, and improve gross rents by 18.5%.
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Plug the Leaking Expenses: Plumbing repairs will reduce utility expenses and increase total net cash flow.
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Path Towards Generational Wealth: First multifamily asset secured, the path towards generational wealth building begins.
About Wahiawa, HI Located in the heart of Central Oahu, Wahiawa is known for its cooler climate, lush surroundings, and strong sense of local community. Positioned between Honolulu’s urban core and the world-famous North Shore, Wahiawa offers residents convenient access to beaches, military installations, and major transportation routes while maintaining a quieter residential atmosphere. The area is home to a mix of long-time local residents, military families, and workforce housing demand, making it an established and resilient rental market within Oahu. Nearby landmarks include, Scholfield Barracks, Wheeler Army Airfield, Dole Plantation, and easy access to the North Shore.
Client Testimonial "Grateful we were able to navigate the challenges of this deal, and that we got $100,000 off the list price and the opportunity to build generational wealth for our family." — V. Corbett
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.
Kynan Pang, CCIM (B) 808-225-8776 kpang@excelcommercialrealty.com Excelcommercialrealty.com
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).
What’s your property worth? If you are considering the sale of a property this year, please contact us for an opinion of value.
808-225-8776 kpang@excelcommercialrealty.com Excelcommercialrealty.com