$633,276 - $778,000
RENTED AUG 1, 2025

Ala Wai Plaza 500 University Ave Unit 1408 Honolulu, HI 96826

McCully-Mō'ili'ili Neighborhood
2 Beds
2.5 Baths
1,120 Sq Ft
$607 Price per Sq Ft

Last Sold October 11, 2013

Last sale price $500,800 $447 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $3,732/month

Highlights

  • Fitness Center
  • Clubhouse
  • Window Unit Cooling System
  • City View
  • Community Pool
  • 1-minute walk to Ala Wai Neighborhood Park

About This Home

As of August 2025

Enjoy sweeping views of Waikiki, the ocean, sunsets, and Diamond Head from this high-floor condo on the preferred cooler side of the building! This spacious 2-bedroom, 2.5-bath unit offers over 1,100 square feet of comfortable living space. Highlights include upgraded flooring, a generously sized covered lanai with breathtaking vistas, and a pass-through kitchen for easy entertaining. Conveniently located near UH, parks, the bus line, and freeway access. Situated in a secure, upscale building.

Last Agent to Rent the Property

Andy Chen

808 Hawaii Properties LLC Brokerage Phone: (808) 228-7098 License #RB-20629 Listed on: 07/15/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,707

Year Built

  • Built in 1970

Property Views

  • City
  • Park or Greenbelt

Home Design

  • 1,120 Sq Ft Home

Flooring

  • Laminate
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms

Parking

  • 1 Parking Space
  • Covered Parking
  • Assigned Parking

Additional Features

  • Zoning described as 13 - A-3 High Density Apartment
  • Window Unit Cooling System

Listing and Financial Details

  • Security Deposit $3,200
  • Property Available on 7/15/25
  • 12 Month Lease Term
  • Assessor Parcel Number 1-2-7-013-002-0213

Community Details

Overview

  • Kapiolani Subdivision
  • 14-Story Property

Amenities

  • Community Barbecue Grill
  • Clubhouse

Recreation

  • Fitness Center
  • Community Pool
  • Recreational Area

Security

  • Security Guard
  • Resident Manager or Management On Site
  • Card or Code Access

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,707

Year Built

Built in 1970

Lot Details

0

Rental Info

  • Lease Term: 12 Months
  • Available Date: 2025-07-15

Listing Details

  • Architectural Style: High Rise
  • Building Name: Ala Wai Plaza
  • Prop. Type: Residential Lease
  • Year Built: 1970
  • Attribution Contact: (808) 228-7098
  • CommunityFeatures: Barbecue, Clubhouse, Fitness, Other, Property Manager On-Site, Pool, Recreation Area
  • Road Frontage Type: Other, Park/Greenbelt
  • SecurityFeatures: Closed Circuit Camera(s), Key Card Entry, Security Guard
  • Association Amenities: Management
  • Pets Allowed: No
  • MLS Status: Closed
  • Subdivision Name: KAPIOLANI
  • Unit Levels: Two
  • Living Area: 1120.0
  • Security Deposit: 3200.0
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Flooring: Laminate, Other, Vinyl
  • Furnished: Partially
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Stories: 14
  • Stories: 14

Exterior Features

  • Property Condition: Good Condition, Updated/Remodeled
  • View: City
  • View: Yes
  • Disclosures: No Smoking, Renters Insurance Required

Garage/Parking

  • Parking Features: Assigned, Covered, One Space
  • Total Parking Spaces: 1.0

Utilities

  • Utilities: Sewer Available, Trash Collection, Water Available
  • Cooling: Window Unit(s)
  • Cooling Y N: Yes

Lot Info

  • Parcel Number: 1-2-7-013-002-0213
  • Zoning Description: 13 - A-3 High Density Apartment

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 15, 2013
Closed on
Oct 2, 2013
Sold by
Yang Seo Yong and Yang Julie In Hea
Bought by
Liu Min
Seller's Agent
Jeanie Schmaltz
Hawaii Life
Buyer's Agent
Huasong Wang
Drop - 2023
List Price
$485,000
Sold Price
$500,800
Premium/Discount to List
$15,800
3.26%
Current Estimated Value
$679,819

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$179,019
Avg. Annual Appreciation
2.31%

Purchase Details

Closed on
Dec 11, 2009
Sold by
Yang Seo Myong and Yang Hong Ja
Bought by
Yang Seo Yong and Yang Julie In Hea

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
4.88%
Mortgage Type
VA
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Liu Min $500,800 Tg
Liu Min $500,800 Tg
Yang Seo Yong $300,000 Itc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Liu Min $250,000
Previous Owner Yang Seo Yong $231,150
Previous Owner Yang Seo Yong $240,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2025 08/01/25 Rented $3,200 0.0% --
07/15/2025 07/15/25 For Rent $3,200 0.0% --
10/11/2013 10/11/13 Sold $500,800 +3.3% $447 / Sq Ft
09/11/2013 09/11/13 Pending -- -- --
08/15/2013 08/15/13 For Sale $485,000 -- $433 / Sq Ft
Source: HiCentral MLS (Honolulu Board of REALTORS®)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,707 $625,900 $96,400 $529,500
2024 $1,707 $607,700 $96,400 $511,300
2023 $1,377 $593,500 $91,300 $502,200
2022 $1,698 $585,100 $88,000 $497,100
2021 $1,516 $533,000 $84,600 $448,400
2020 $1,506 $530,300 $84,600 $445,700
2019 $1,648 $550,800 $77,800 $473,000
2018 $1,943 $555,200 $69,300 $485,900
2017 $1,959 $559,800 $66,000 $493,800
2016 $1,959 $559,800 $59,200 $500,600
2015 $1,866 $533,100 $59,200 $473,900
2014 $1,669 $515,700 $67,000 $448,700
Source: Public Records

Agents Affiliated with this Home

  • A

    Landlord's Agent in 2025

    Andy Chen

    808 Hawaii Properties LLC

  • J

    Seller's Agent in 2013

    Jeanie Schmaltz

    Hawaii Life

    (800) 370-3848

    58 Total Sales

    Jeanie Schmaltz
    Section Image

  • H

    Buyer's Agent in 2013

    Huasong Wang

    Drop - 2023

See All Agents

About Ala Wai Plaza

Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202516202

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-7-013-002-0213

Hawaii Honolulu County Honolulu 96826 McCully-Mō'ili'ili

500 University Ave Unit 1408, Honolulu, HI

This home is located at 500 University Ave Unit 1408, Honolulu, HI 96826 since 15 July 2025 and is currently priced at $679,819. This property was built in 1970. 500 University Ave Unit 1408 is a home located in Honolulu County with nearby schools including Ala Wai Elementary School, President George Washington Middle School, and Kaimuki 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