$1,800,000

87-1205 Paakea Rd Waianae, HI 96792

Estimated payment $10,402/month

Total Views 2,790
-- Bed
-- Bath
3,261 Sq Ft
$552 Price per Sq Ft

Highlights

  • 192,545 Sq Ft lot
  • Level Lot
  • 1-Story Property
  • Views

About This Home

Located in the beautiful town of Waianae on the island of Oahu. Situated over on a 4.42 acres of Fee Simple land with great mountain view, walking distance to the beaches, elementary schools, and shopping centers. This property consists of four (4) detached single family homes, each with its own separate addresses (87-1205 Paakea Rd, 87-1209 Paakea Rd, 87-1213 Paakea Rd, & 87-1217 Paakea Rd), all currently occupied by long-terms and great tenants. Additionally, the property generates monthly income from solar panels.

Don't miss out on the chance to own this rare and great investment property with four single family homes!

Listing Agent

Julieanne Phan

Julieanne Lam Phan Brokerage Phone: (562) 218-7601 License #RB-19782 Listed on: 07/18/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,564

Year Built

  • Built in 1940

Lot Details

  • 4.42 Acre Lot
  • Level Lot

Parking

  • 4 Parking Spaces

Home Design

  • Shingle Roof
  • Asphalt Roof

Interior Spaces

  • 3,261 Sq Ft Home
  • 1-Story Property
  • Property Views

Utilities

  • Cesspool

Listing and Financial Details

  • Assessor Parcel Number 1-8-7-019-036-0000

Community Details

Overview

  • 4 Units
  • Maili Subdivision

Building Details

  • Operating Expense $6,560
  • Net Operating Income $58,642

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,564

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Year Built: 1940
  • Attribution Contact: (562) 218-7601
  • CommunityFeatures: None
  • Road Frontage Type: Other
  • MLS Status: Active
  • Subdivision Name: MAILI
  • Unit Levels: One
  • Roof: Asphalt, Shingle
  • Tax Year: 2024
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Stories: 1

Exterior Features

  • Lot Features: Other, Level
  • Property Condition: Average Condition
  • Topography: Level
  • View: Mountain(s)
  • View: Yes
  • Disclosures: 1031 Exchange

Garage/Parking

  • Parking Features: None
  • Total Parking Spaces: 4.0

Utilities

  • Utilities: Natural Gas Available, Water Available
  • Sewer: Cesspool, Other
  • Water Source: Public

Lot Info

  • Parcel Number: 1-8-7-019-036-0000
  • Zoning Description: 56 - Country District

Multi Family

  • Number Of Units Total: 4
  • Net Operating Income: 58641.7
  • Annual Operating Expense: 6560.3
  • Tenant Pays: Electricity
  • Total Actual Rent: 6421.59

Tax Info

  • Tax Annual Amount: 6564.0

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $6,248 $1,242,200 $991,700 $250,500
2024 $6,248 $1,825,300 $1,094,000 $731,300
2023 $6,564 $1,945,800 $1,198,200 $747,600
2022 $4,674 $1,391,700 $1,110,800 $280,900
2021 $4,580 $1,308,700 $672,100 $636,600
2020 $3,516 $1,004,600 $662,600 $342,000
2019 $3,889 $1,111,000 $662,600 $448,400
2018 $3,472 $992,000 $634,100 $357,900
2017 $3,242 $926,200 $559,500 $366,700
2016 $3,064 $875,300 $494,200 $381,100
2015 $2,615 $747,100 $494,200 $252,900
2014 -- $779,900 $419,600 $360,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2025 07/18/25 For Sale $1,800,000 -- $552 / Sq Ft
Source: HiCentral MLS (Honolulu Board of REALTORS®)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $696,000 Tg
Source: Public Records

Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202516520

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-8-7-019-036-0000

Hawaii Honolulu County Waianae 96792

87-1205 Paakea Rd, Waianae, HI

This home is located at 87-1205 Paakea Rd, Waianae, HI 96792 and is currently priced at $1,800,000, approximately $551 per square foot. This property was built in 1940. 87-1205 Paakea Rd is a home located in Honolulu County with nearby schools including Ma'ili Elementary School, Wai'anae Intermediate School, and Wai'anae 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
Julieanne Phan
Section Image
Julieanne Lam Phan
(808) 435-7302