NOT LISTED FOR SALE

745 Makaleka Ave Honolulu, HI 96816

Diamond Head-Kapahula-Saint Louis Neighborhood

Estimated Value: $2,915,300 - $3,260,000

-- Bed
-- Bath
4,514 Sq Ft
$686/Sq Ft Est. Value

Last Sold July 12, 2022

Last sale price $2,900,000 $642 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $16,858/month

7 Days on Market

Highlights

  • Tandem Parking
  • Property is in very good condition
  • Level Lot

About This Home

As of July 2022

First time on the market. Well-maintained 8 unit all-concrete building with excellent unit mix – (6) 2-bedroom and (2) 1-bedroom units. 9 total parking stalls available. 7 on-site parking stalls (one stall is tandem) + 2 stalls leased directly across Makaleka Street for $60/mo each. There is also the ability to rent additional stalls across the street if desired, and plenty of street parking. All units have lanais and most have washing machines. This building has copper gutters, separate electrical meters, and a rare yard in the back. Over $200,000 in capital improvements over the past 5 years. Sizeable land area provides development options under Bill 7. Very close to stores and restaurants on Kapahulu Ave. 3 units are vacant and easy to show. Proforma NOI should be closer to $125,600.

Last Agent to Sell the Property

Sarah Ikioka

Drop - 2022 License #RS-83473 Listed on: 05/09/2022

Last Buyer's Agent

David Giang

eXp Realty License #RS-77843

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,964

Year Built

  • Built in 1962

Lot Details

  • 6,068 Sq Ft Lot
  • Level Lot
  • Property is in very good condition

Interior Spaces

  • 4,514 Sq Ft Home
  • 2-Story Property

Parking

  • 7 Parking Spaces
  • Tandem Parking
  • Open Parking
  • Assigned Parking

Schools

  • Liholiho Elementary School
  • Kaimuki Middle School
  • Kaimuki High School

Utilities

  • Cable TV Available

Community Details

  • 8 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,964

Year Built

Built in 1962

Lot Details

0

Listing Details

  • PropertyFrontage: Other
  • Property Sub Type: Multi-Family
  • Prop. Type: Multi-Family
  • Fill Sq Ft Total: 4514
  • Stories Type: Two
  • Year Built: 1962
  • Special Features: None
  • Stories: 2

Interior Features

  • Amenities: None

Exterior Features

  • Construction Type: Concrete
  • Easements: Other, Sewer
  • Flood Zone: Zone X
  • Lot Features: Other
  • Property Condition: Above Average
  • Topography: Level
  • View: None

Garage/Parking

  • Parking Features: Assigned, Open, Tandem
  • Total Parking Spaces: 7

Utilities

  • Utilities: Cable, Overhead Electricity, Public Water
  • Sewer: Connected

Schools

  • Elementary School: Liholiho
  • Middle School: Kaimuki
  • High School: Kaimuki
  • Elementary School: Liholiho
  • High School: Kaimuki
  • Middle Or Junior School: Kaimuki

Multi Family

  • Number Of Units Total: 8

Tax Info

  • Tax Annual Amount: 5964.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2022
Closed on
Jul 7, 2022
Sold by
Makaleka Street Enterprises Llc
Bought by
745 Makaleka Hale Llc
Seller's Agent
Sarah Ikioka
Drop - 2022
Buyer's Agent
David Giang
eXp Realty
List Price
$2,800,000
Sold Price
$2,900,000
Premium/Discount to List
$100,000
3.57%
Current Estimated Value
$3,097,433

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,433
Avg. Annual Appreciation
2.03%
Original Mortgage
$2,160,000
Outstanding Balance
$2,055,172
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$1,042,261

Purchase Details

Closed on
Jan 1, 2021
Sold by
Tanouye Neil and Neil Tanouye Trust
Bought by
Makaleka Street Enterprises Llc

Purchase Details

Closed on
Jan 6, 2017
Sold by
Tg Super 16082998 Llc
Bought by
Tanouye Neil M and Tanouye Janice Sachie

Purchase Details

Closed on
Sep 9, 2016
Sold by
Inoue Joyce K and Miyagawa Vincent K
Bought by
Makaleka Street Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$571,666
Interest Rate
3.43%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 8, 2016
Sold by
Koide Masanori and Koide Anne M
Bought by
Koide Masanori

Purchase Details

Closed on
Apr 7, 2016
Sold by
Koide Masanori
Bought by
Koide Masanori and Koide Anne M

Purchase Details

Closed on
Jul 25, 2015
Sold by
Tanouye Neil Masao
Bought by
Tanouye Neil

Purchase Details

Closed on
May 23, 2015
Sold by
Tanouye Neil Masao
Bought by
Tanouye Neil Masao

Purchase Details

Closed on
Dec 12, 2014
Sold by
Yoshimoto Nathan S
Bought by
Yoshimoto Nathan S

Purchase Details

Closed on
Aug 14, 2013
Sold by
Kumabe Harry T and Kumabe Sumako
Bought by
Kumabe Harry T

Purchase Details

Closed on
Jun 18, 2007
Sold by
Koide Masanori and Koide Anne M
Bought by
Koide Masanori and Koide Anne M
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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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
745 Makaleka Hale Llc $2,900,000 Title Guaranty & Escrow Servic
Makaleka Street Enterprises Llc $190,850 None Available
Makaleka Street Enterprises Llc $494,189 None Available
Tanouye Neil M -- Tg
Tanouye Neil M -- Tg
Makaleka Street Enterprises Llc -- Tg
Makaleka Street Enterprises Llc -- Tg
Makaleka Street Enterprises Llc -- Tg
Makaleka Street Enterprises Llc -- Tg
Makaleka Street Enterprises Llc -- Tg
Makaleka Street Enterprises Llc -- Tg
Koide Masanori -- None Available
Koide Masanori -- None Available
Koide Masanori -- None Available
Koide Masanori -- None Available
Tanouye Neil -- None Available
Tanouye Neil -- None Available
Tanouye Neil Masao -- None Available
Tanouye Neil Masao -- None Available
Yoshimoto Nathan S -- None Available
Yoshimoto Nathan S -- None Available
Kumabe Harry T -- None Available
Kumabe Harry T -- None Available
Koide Masanori -- Accommodation
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 745 Makaleka Hale Llc $2,160,000
Previous Owner Makaleka Street Enterprises Llc $571,666
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2022 07/14/22 Off Market $2,900,000 -- --
07/12/2022 07/12/22 Sold $2,900,000 +3.6% $642 / Sq Ft
05/16/2022 05/16/22 Pending -- -- --
05/09/2022 05/09/22 For Sale $2,800,000 -- $620 / 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 $7,360 $2,106,100 $1,624,300 $481,800
2024 $7,360 $2,102,900 $1,624,300 $478,600
2023 $7,041 $2,011,800 $1,537,300 $474,500
2022 $6,336 $1,810,400 $1,508,300 $302,100
2021 $5,964 $1,704,100 $1,392,200 $311,900
2020 $6,073 $1,735,000 $1,392,200 $342,800
2019 $5,339 $1,628,000 $1,276,200 $351,800
2018 $5,339 $1,525,300 $1,183,300 $342,000
2017 $5,034 $1,438,400 $1,092,200 $346,200
2016 $4,621 $1,320,300 $970,900 $349,400
2015 $4,244 $1,212,600 $879,900 $332,700
2014 $4,220 $1,151,500 $819,200 $332,300
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2022

    Sarah Ikioka

    Drop - 2022

    Section Image

  • D

    Buyer's Agent in 2022

    David Giang

    eXp Realty

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Map

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202209008

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-2-7-034-018-0000

Hawaii Honolulu County Honolulu 96816 Diamond Head-Kapahula-Saint Louis

745 Makaleka Ave, Honolulu, HI

This home is located at 745 Makaleka Ave, Honolulu, HI 96816 since 09 May 2022 and is currently estimated at $3,097,433, approximately $686 per square foot. This property was built in 1962. 745 Makaleka Ave is a home located in Honolulu County with nearby schools including President Thomas Jefferson 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.

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Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright 2025 HiCentral MLS, Ltd

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