750 Makaleka Avenue, Honolulu, HI 96816
- $1,700,000
- Sold Price
- $1,700,000
- List Price
- $1,750,000
- Status
- CLOSED
- Type
- Multifamily
- MLS#
- 202505011
- Days on Market
- 471
- Closing Date
- May 29, 2026
- Land Area
- 7,036
- Year Built
- 1973
- Property Type
- Residential
- Neighborhood
- Kapahulu
- Land Tenure
- FS - Fee Simple
Property Description
NEW PRICE $1,750,000! Excellent investment opportunity in Kapahulu on a large, level 7,036 sq. ft. lot with A-2 zoning. This property offers both immediate income potential and long-term development options. The existing structure includes three units: two 2-bedroom/1-bath units upstairs and one 4-bedroom/2-bath unit downstairs, with the option to reconfigure the lower level into two 2-bedroom/1-bath units. Estimated rental income is approximately $6,000/month in current condition, with potential to increase to $8,000+/month after updates, plus additional income from parking. For developers, the true value lies in the land and zoning flexibility, with the possibility to redevelop into an apartment complex or maximize density. Bill 7 potential Conveniently located near Waikiki, Kapiolani Park, golf courses, shops, and restaurants. Property is vacant and ready for immediate rental, renovation, or redevelopment.
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Additional Information
- Island
- Oahu
- Utilities
- Above Ground Utilities, Electricity Available, Water Available, Sewer Connected
- View
- None
- Lot Size
- 7,036
- Construction Materials
- Hollow Tile, Single Wall
- Neighborhood
- Kapahulu
- Year Built
- 1973
- Sewer
- Connected
- Parking Features
- Open
- Lot Features
- Cleared, Level
- Stories
- 2
- Assessed Total
- 1956400
- Water
- Public
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Listing courtesy of Compass. Selling Office: Century 21 Island Homes.
Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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