750 Makaleka Avenue, Honolulu, HI 96816

$1,700,000
8
BD
4
BA
2,425
SqFt
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Sold Price
$1,700,000
List Price
$1,750,000
Status
CLOSED
Days on Market
471
Closing Date
May 29, 2026
MLS#
202504967
Subtype
Residential
Style
Detached, Multiplex
Year Built
1973
Bedrooms
8
Bathrooms
4
Full Baths
4
Living Area
2,425
Lot Size
7,036
Subdivision
Kapahulu
Neighborhood
Kapahulu
MLS Area Major
Metro
Land Tenure
FS - Fee Simple
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(915) 929-2755

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.

(915) 929-2755
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Additional Information

Taxes
$6,847
Property Description
Detached, Multiplex
Flooring
Carpet, Hardwood, Other
Stories
2
Levels
Two
Parking Features
Driveway, Three or more Spaces, On Street
View
None
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Listing courtesy of Listing Agent: Jennifer AS Ishii (jennifer.ishii@compass.com) from Listing Office: 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.

Contact: (808) 825-4277