705 Hoawa St
Description
- Listed by Brian Chua • License #RB-21314 • Five Star Realty, Inc. • (808) 382-6871
- Listed by FengQing Lin • License #RS-79401 • Five Star Realty, Inc. • (808) 382-6871
Property Details for 705 Hoawa Street
Property Details for 705 Hoawa Street
| Status | Active |
|---|---|
| MLS # | 202525870 |
| Days on Market | 19 |
| Taxes | $1,216 / month |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Multi-Family |
| Year Built | 1958 |
| Lot Size | 0.34 AC / 14,607 SF |
| County | Honolulu County |
Location
Building Information for 705 Hoawa Street
Payment Calculator
$24,854 per month
30 year fixed, 6.15% Interest
$23,638
$1,216
$0
Property Information for 705 Hoawa Street
- Topography: Level
- City: Honolulu
- County Or Parish: Oahu
- State Or Province: HI
- Location: Corner
- Tax Amount: $1,216.00
- Tax Assessed Value: $4,168,500.00
- Tax Assessed Value Improvements: $449,600.00
- Tax Assessed Value Land: $3,718,900.00
- Tax Year: 2025
- Parcel Number: 1-2-7-005-036-0000
- HOA YN: No
- Parking Features: Assigned, Open
- Parking Total: 12
- Other Parking Features: None
- Property Frontage: Other
- Property Sub Type: Multi-Family
- Property Type: Multi-Family
- SQFT Building: 11040.0
- Sqft Total: 11040.0
- Land Recorded: Dual Systems
- Lot Features: Irregular
- Lot Size Area: 14607.0
- Year Built: 1958
- Building Type: Apartments
- Documents: Other, Survey
- Photo Count: 8
- Property Condition: Average
- Special Listing Conditions: None
- Disclosures: None
- Foreclosure: No
- Set Backs: Of Record
- Supplement Count: 0
- TMK Area: 127
- TMK Condo Property Regime Number: 0
- TMK Division: 1
- TMK Parcel: 36
- TMKPLAT: 5
- TMK Section: 7
- TMK Zone: 2
- Utilities: Gas, Overhead Electricity, Public Water
- Sewer: Connected
- Utilities Meters: Electric, Gas, Water
- Amenities: None
- Construction Materials: Above Ground, Concrete, Hollow Tile, Single Wall, Slab, Wood Frame
- Easements: None
- Recreation Facilities: None
- Roof: Aluminum/Steel
- Laundry Facilities: Individual
- Studio Units Number Of: 0
- Unit One Number Of Bed: 0
- Unit Three Number Of Bed: 0
- Unit Two Number Of Bed: 20
- Number Of Units Total: 20
- Total Annual Operating Expenses: $.00
- Total Income: $358,380.00
- Expenses Include: Other
- Net Operating Income: $.00
- Other Income: $.00
- DOM: 0
- Immoviewer: No
- Listing Service: Full Service
- Management Company Name: Self Managed
- MLS: HI Central
- MLS Area Major: Metro
- Status: Active
- Public Remarks: Rare 20-unit corner lot apartment investment - Cash-flowing with significant upside on Kapiolani Blvd. Tax records reflect the property address as 705 Hoawa Street, Honolulu, HI 96826, with the front building addressed at 2304 Kapiolani Boulevard, Honolulu, HI 96826. This rare offering features two apartment buildings situated on a 14,607 SF corner lot at Kapiolani Boulevard and Hoawa Street, near Isenberg. The property consists of 20 total units, all two-bedroom apartments (10 units per building), and includes 12 parking stalls. The property currently generates monthly rental income of $29,865, units rented at below-market rates, presenting a compelling value-add opportunity through renovation and rental optimization. An exceptional opportunity for investors seeking scale, upside, and long-term growth in a prime Honolulu corridor. Sold As-Is. Please do not disturb tenants.
- Possession: At Closing, Subject To Tenancy
- Showing Instructions: Listor Must Be Present
- Tenants Responsibilities Include: AC, Cable TV, Electricity, Gas
- Total Actual Rent: $29,865.00
Property History for 705 Hoawa Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Jan 8, 2026 | Listed (Active) HICENTRAL #202525870 | $4,850,000 | — |
| Jan 16, 2015 | Sold (Public Record) Public Record #486692633 | $3,900,000 | +38.9% / yr |
| Dec 29, 2005 | Sold (Public Record) Public Record #312371658 | $200,000 | +94.3% / yr |
| Dec 13, 2004 | Sold (Public Record) Public Record #149077446 | $100,000 | — |
| Dec 26, 2003 | Sold (Public Record) Public Record #126258340 | $100,000 | — |
| Dec 30, 2002 | Sold (Public Record) Public Record #105855835 | $100,000 | — |
| Sep 8, 2000 | Temporarily Off Market HICENTRAL #9906535 | $1,800,000 | — |
| Sep 14, 1999 | Listed (Active) HICENTRAL #9906535 | $1,800,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 01/08/2026 | Listed (Active) HICENTRAL #202525870 | $4,850,000 |
| 01/16/2015 | Sold (Public Record) Public Record #486692633 | $3,900,000 +38.9% / yr |
| 12/29/2005 | Sold (Public Record) Public Record #312371658 | $200,000 +94.3% / yr |
| 12/13/2004 | Sold (Public Record) Public Record #149077446 | $100,000 |
| 12/26/2003 | Sold (Public Record) Public Record #126258340 | $100,000 |
| 12/30/2002 | Sold (Public Record) Public Record #105855835 | $100,000 |
| 09/08/2000 | Temporarily Off Market HICENTRAL #9906535 | $1,800,000 |
| 09/14/1999 | Listed (Active) HICENTRAL #9906535 | $1,800,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 705 Hoawa Street
Schools near 705 Hoawa Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | K to 8 |
Rating | School | Distance |
|---|---|---|
Ala Wai Elementary School PublicPK to 5 | ||
President George Washington Middle School Public6 to 8 | ||
Kaimuki High School Public9 to 12 | ||
Voyager - A Public Charter School CharterK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Five Star Realty, Inc., Brian Chua, License #RB-21314; Five Star Realty, Inc., FengQing Lin, License #RS-79401
Based on information from one of the following Multiple Listing Services: Hawaii HIS, MAUI MLS and Hi Central. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Hawaii HIS, MAUI MLS and Hi Central is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.