NEW PRICE $1,750,000! Excellent investment opportunity in... |
| Ad # 5808074 |
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| $1,750,000 For Sale |
| MLS # 202504967 |
750 Makaleka Avenue |
| Honolulu, Hawaii 96816 |
| Oahu |
Golf Course:
Ala Wai Golf Course |
| Type Home |
| Beds 8 |
| Baths 4.0 |
| Sq Feet 2425 |
| Year Built 1973 |
| Acres 0.162 |
Lot Dimensions
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| On Golf Course? Yes |
| Golf View? No |
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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.
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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| Garage: |
Driveway, On Street |
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| Property Taxes: |
6,847 |
| Community:
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Kapahulu |
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| Ad Statistics: |
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| Ad Number: |
5808074 |
| Viewed: |
68 times |
| Added on: |
Feb 13, 2025 |
| Updated on: |
Sep 17, 2025 |
| Listing Agent: Jennifer AS Ishii, Compass, 808-825-4277, 808-825-4277
Listing Site, Listing Status: Active
Copyright © 2025 Honolulu Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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