$3,180,000

1039 Wong Ln Honolulu, HI 96817

Liliha-Kapālama Neighborhood

Estimated payment $17,646/month

-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 21,290 Sq Ft lot
  • Level Lot
  • 1-Story Property

About This Home

Excellent investment opportunity in Honolulu — ideal for investors looking to start or expand their real estate portfolio. This income-producing property features eight detached homes (addresses 1039A to 1039H) situated on a large, level 21,290 sq ft lot. The unit mix includes six 2-bedroom, 1-bath homes and two 3-bedroom, 1-bath homes, offering broad rental appeal. Each unit has a separate electric meter, allowing tenants to cover their own utilities and minimizing operating expenses for the owner. Located near Chinatown, Downtown Honolulu, Lanakila Health Center, shopping centers, and major bus lines, the property benefits from high rental demand and strong occupancy potential. One unit (Unit F) has already been renovated with the opportunity to improve other units over time and boost rental income. This is a cash-flowing asset with long-term appreciation potential. The lot size may also offer future development or expansion potential (buyer to verify). Rarely does a property with this scale, flexibility, and location come to market. Offers are subject to inspection. Please do not disturb tenants or drive by without an appointment. Property to be sold in “As Is” condition.

Listing Agent

Vincent Lao

Five Star Realty, Inc. Brokerage Phone: (808) 382-6871 License #RB-18181 Listed on: 05/28/2025

Co-Listing Agent

Michael Vuong

Five Star Realty, Inc. Brokerage Phone: (808) 382-6871 License #RB-24049

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,237

Year Built

  • Built in 1953

Lot Details

  • 0.49 Acre Lot
  • Level Lot

Home Design

  • Wood Frame Construction
  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 1-Story Property
  • Laundry in unit

Parking

  • 16 Parking Spaces
  • Covered Parking
  • Open Parking

Listing and Financial Details

  • Assessor Parcel Number 1-1-6-007-062-0000

Community Details

Overview

  • 8 Units
  • Kapalama Subdivision

Building Details

  • Operating Expense $37,560
  • Net Operating Income $138,288

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,237

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Co List Office Mls Id: FIVE
  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1953
  • Attribution Contact: (808) 382-6871
  • CommunityFeatures: None
  • LaundryFeatures: In Unit
  • Co List Office Phone: (808) 382-6871
  • MLS Status: Active
  • Subdivision Name: KAPALAMA
  • Unit Levels: One
  • Roof: Asphalt, Shingle
  • Tax Year: 2024
  • Special Features: None

Interior Features

  • Stories: 1

Exterior Features

  • Construction Type: Single Wall, Wood Frame
  • Lot Features: Cleared, Level
  • Property Condition: Average Condition, Good Condition
  • Topography: Level
  • View: None
  • View: No
  • Disclosures: None

Garage/Parking

  • Parking Features: Covered, Open
  • Total Parking Spaces: 16.0
  • Open Parking: Yes

Utilities

  • Utilities: Above Ground Utilities, Electricity Available, High Speed Internet Available, Water Available, Sewer Connected
  • Sewer: Connected
  • Water Source: Public

Lot Info

  • Parcel Number: 1-1-6-007-062-0000
  • Zoning Description: 05 - R-5 Residential District

Multi Family

  • Number Of Units Total: 8
  • Net Operating Income: 138288.0
  • Annual Operating Expense: 37560.0
  • Tenant Pays: Air Conditioning, Cable TV, Electricity, Other
  • Total Actual Rent: 14654.0

Tax Info

  • Tax Annual Amount: 9236.76

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2025 05/28/25 For Sale $3,180,000 -- --
Source: HiCentral MLS (Honolulu Board of REALTORS®)

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Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202512903

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-6-007-062

Hawaii Honolulu County Honolulu 96817 Liliha-Kapālama

1039 Wong Ln, Honolulu, HI

This home is located at 1039 Wong Ln, Honolulu, HI 96817 and is currently priced at $3,180,000. This property was built in 1953. 1039 Wong Ln is a home located in Honolulu County with nearby schools including Princess Miriam K Likelike Elementary School, Princess Ruth Ke'elikolani Middle School, and President William McKinley High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

HiCentral MLS (Honolulu Board of REALTORS®) Some of the active listings appearing on this site may be listed by other REALTORS(R). If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright 2025 HiCentral MLS, Ltd

Nearby Homes
Vincent Lao
Listing Agent
Vincent Lao
Section Image
Five Star Realty, Inc.
(808) 374-5455