750 Makaleka Ave
Description
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...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 A S Ishii]()
jennifer.ishii@compass.comP: (808)-722-2341
Property Details for 750 Makaleka Avenue
Property Details for 750 Makaleka Avenue
| Status | Active |
|---|---|
| MLS # | 202505011 |
| Days on Market | 313 |
| Taxes | $571 / month |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Multi-Family |
| Year Built | 1973 |
| Lot Size | 0.16 AC / 7,036 SF |
| County | Honolulu County |
Location
Building Information for 750 Makaleka Avenue
Payment Calculator
$9,218 per month
30 year fixed, 6.28% Interest
$8,647
$571
$0
Property Information for 750 Makaleka Avenue
- Topography: Level
- City: Honolulu
- County Or Parish: Oahu
- State Or Province: HI
- Tax Amount: $570.61
- Tax Assessed Value: $1,956,400.00
- Tax Assessed Value Improvements: $220,200.00
- Tax Assessed Value Land: $1,736,200.00
- Tax Year: 2024
- Parcel Number: 1-2-7-035-010-0000
- HOA YN: No
- Parking Features: Open
- Parking Total: 10
- Other Parking Features: <10 Spaces
- Property Sub Type: Multi-Family
- Property Type: Multi-Family
- Land Recorded: Regular System
- Lot Features: Clear
- Lot Size Area: 7036.0
- Year Built: 1973
- Building Type: Multi Dwellings, Triplex
- Photo Count: 19
- Property Condition: Fair, Needs Major Repair
- Special Listing Conditions: None
- Disclosures: Property Disclosure Stmt
- Foreclosure: No
- Set Backs: Of Record
- Supplement Count: 0
- TMK Area: 127
- TMK Condo Property Regime Number: 0
- TMK Division: 1
- TMK Parcel: 10
- TMKPLAT: 35
- TMK Section: 7
- TMK Zone: 2
- Utilities: Overhead Electricity, Public Water, Water
- Sewer: Connected
- Utilities Meters: Electric
- Amenities: None
- Construction Materials: Above Ground, Hollow Tile, Single Wall
- Easements: Electric
- Recreation Facilities: None
- Roof: Composition
- Studio Units Number Of: 0
- Unit One Number Of Bed: 0
- Unit Three Number Of Bed: 1
- Unit Two Number Of Bed: 2
- Number Of Units Total: 3
- Total Annual Operating Expenses: $.00
- Total Income: $.00
- Expenses Include: Other
- Net Operating Income: $.00
- Other Income: $.00
- DOM: 233
- Immoviewer: No
- Listing Service: Full Service
- MLS: HI Central
- MLS Area Major: Metro
- Status: Active
- Public Remarks: 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.
- Possession: At Closing, Negotiable
- Showing Instructions: <8 Hrs Notice Reqd
- Total Actual Rent: $.00
Property History for 750 Makaleka Avenue
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Feb 14, 2025 | Price Change HICENTRAL #202505011 | $1,750,000 | — |
| Feb 13, 2025 | Price Change HICENTRAL #202504967 | $1,750,000 | — |
| Feb 12, 2025 | Listed (Active) HICENTRAL #202505011 | $1,999,000 | — |
| Feb 12, 2025 | Listed (Active) HICENTRAL #202504967 | $1,999,000 | — |
| Sep 25, 2006 | Sold (Public Record) Public Record #202568772 | $666 | — |
| Sep 25, 2006 | Sold (Public Record) Public Record #202649640 | $1,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 02/14/2025 | Price Change HICENTRAL #202505011 | $1,750,000 |
| 02/13/2025 | Price Change HICENTRAL #202504967 | $1,750,000 |
| 02/12/2025 | Listed (Active) HICENTRAL #202505011 | $1,999,000 |
| 02/12/2025 | Listed (Active) HICENTRAL #202504967 | $1,999,000 |
| 09/25/2006 | Sold (Public Record) Public Record #202568772 | $666 |
| 09/25/2006 | Sold (Public Record) Public Record #202649640 | $1,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 750 Makaleka Avenue
Schools near 750 Makaleka Avenue
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 12 |
Rating | School | Distance |
|---|---|---|
President Thomas Jefferson Elementary School PublicPK to 5 | ||
President George Washington Middle School Public6 to 8 | ||
Kaimuki High School Public9 to 12 | ||
Hawaii School For The Deaf And Blind PublicPK to 12 |
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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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.