$1,750,000
$249K PRICE DROP

750 Makaleka Ave Honolulu, HI 96816

Diamond Head-Kapahula-Saint Louis Neighborhood

Estimated payment $9,895/month

Total Views 5,404
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

About This Home

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.

Listing Agent

Jennifer Ishii

Compass Brokerage Phone: (808) 825-4277 License #RS-72705 Listed on: 02/12/2025

Compass

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,847

Year Built

  • Built in 1973

Lot Details

  • 7,036 Sq Ft Lot
  • Level Lot

Home Design

  • Composition Roof

Interior Spaces

  • 2-Story Property

Parking

  • 10 Parking Spaces
  • Open Parking

Community Details

  • 3 Units
  • Kapahulu Subdivision

Listing and Financial Details

  • Assessor Parcel Number 1-2-7-035-010-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,847

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1973
  • Attribution Contact: (808) 825-4277
  • CommunityFeatures: None
  • MLS Status: Active
  • Subdivision Name: KAPAHULU
  • Unit Levels: Two
  • Roof: Composition
  • Tax Year: 2024
  • Special Features: None

Interior Features

  • Stories: 2

Exterior Features

  • Construction Type: Hollow Tile, Single Wall
  • Lot Features: Cleared, Level
  • Property Condition: Average Condition, Repairs Major
  • Topography: Level
  • View: None
  • View: No
  • Disclosures: Seller Disclosure

Garage/Parking

  • Parking Features: Open
  • Total Parking Spaces: 10.0
  • Open Parking: Yes

Utilities

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

Lot Info

  • Parcel Number: 1-2-7-035-010-0000
  • Zoning Description: 12 - A-2 Medium Density Apartme

Multi Family

  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 6847.32

Map

Range of Values:

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Average Value
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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

Property History

Date Event Price Change Sq Ft Price
09/16/2025 09/16/25 Price Changed $1,750,000 0.0% --
09/16/2025 09/16/25 Price Changed $1,750,000 -12.5% $722 / Sq Ft
02/12/2025 02/12/25 For Sale $1,999,000 0.0% --
02/12/2025 02/12/25 For Sale $1,999,000 -- $824 / Sq Ft
Source: HiCentral MLS (Honolulu Board of REALTORS®)

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202505011

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 2-7-035-010

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

750 Makaleka Ave, Honolulu, HI

This home is located at 750 Makaleka Ave, Honolulu, HI 96816 and is currently priced at $1,750,000. This property was built in 1973. 750 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.

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

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Listing Agent
Jennifer Ishii
Section Image
Compass
(808) 219-0101