708 Olokele Ave Honolulu, HI 96816
Diamond Head-Kapahula-Saint Louis NeighborhoodEstimated payment $11,238/month
Highlights
- Central Air
- High Speed Internet
- Level Lot
- Coin Laundry
- Property is in excellent condition
About This Home
Highly well-maintained 2-story, 6-unit apartment building ideally located near parks, shopping, and top-rated schools. The exterior of the property is in pristine condition, highlighted by fresh exterior paint and consistent pride of ownership. This investment offers immediate income with strong upside potential. Current rents are below market, and all leases are on a month-to-month basis, providing flexibility for future adjustments and increased returns. Units are well maintained, with an opportunity for a new owner to update and modernize interiors over time to further enhance value. Each unit includes smoke alarms, gas ranges, electric refrigerators, and built-in ironing boards. Kitchens feature stainless steel sinks, ceiling-height cabinetry, and built-in dining tables. Exterior improvements include a renovated 6-stall carport, secure vinyl fencing, coin-operated washer/dryers, tankless water heaters, and ample storage. Photocell and sensor lighting enhance safety and convenience. A compelling opportunity for investors seeking a well-cared-for asset with room to grow.
Listing Agent
Hawaii Modern Realty Brokerage Phone: (808) 792-3910 License #RB-16111 Listed on: 05/22/2026
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,303
Year Built
- Built in 1957
Lot Details
- 5,005 Sq Ft Lot
- Street terminates at a dead end
- Level Lot
- Cleared Lot
- Property is in excellent condition
Home Design
- Shingle Roof
- Asphalt Roof
- Masonry
- Stucco
Interior Spaces
- 2,592 Sq Ft Home
- 2-Story Property
Parking
- 8 Parking Spaces
- Covered Parking
- Open Parking
- Assigned Parking
Schools
- Ala Wai Elementary School
- Kaimuki High School
Utilities
- Central Air
- Above Ground Utilities
- High Speed Internet
- Phone Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 1-2-7-035-095-0000
Community Details
Overview
- 6 Units
- Kapahulu Subdivision
Amenities
- Coin Laundry
Building Details
- Operating Expense $18,957
- Net Operating Income $59,643
Map
Home Values in the Area
Average Home Value in this Area
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 | $7,118 | $2,036,300 | $1,867,700 | $168,600 |
| 2024 | $7,118 | $2,033,600 | $1,867,700 | $165,900 |
| 2023 | $6,762 | $1,931,900 | $1,767,600 | $164,300 |
| 2022 | $6,608 | $1,887,900 | $1,734,300 | $153,600 |
| 2021 | $6,173 | $1,763,800 | $1,600,900 | $162,900 |
| 2020 | $6,194 | $1,769,700 | $1,600,900 | $168,800 |
| 2019 | $5,744 | $1,641,200 | $1,467,500 | $173,700 |
| 2018 | $5,530 | $1,580,000 | $1,409,300 | $170,700 |
| 2017 | $5,307 | $1,516,400 | $1,300,900 | $215,500 |
| 2016 | $4,812 | $1,374,800 | $1,156,300 | $218,500 |
| 2015 | $4,396 | $1,256,000 | $1,047,900 | $208,100 |
| 2014 | -- | $1,184,500 | $975,700 | $208,800 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/22/2026 05/22/26 | For Sale | $1,995,000 | -- | $770 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $815,000 | -- | |
| Warranty Deed | $790,000 | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $290,000 | Purchase Money Mortgage |
Source: HiCentral MLS (Honolulu Board of REALTORS®)
MLS Number: 202610118
APN: 1-2-7-035-093-0000
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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 2026 HiCentral MLS, Ltd
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