87-1205 Paakea Rd
Description
- Listed by Julieanne Lam Phan • License #RB-19782 • Julieanne Lam Phan • (562) 218-7601
Property Details for 87-1205 Paakea Road
Property Details for 87-1205 Paakea Road
| Status | Active |
|---|---|
| MLS # | 202516520 |
| Days on Market | 158 |
| Taxes | $547 / month |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Multi-Family |
| Year Built | 1940 |
| Lot Size | 4.42 AC / 192,545 SF |
| County | Honolulu County |
Location
Building Information for 87-1205 Paakea Road
Payment Calculator
$9,441 per month
30 year fixed, 6.28% Interest
$8,894
$547
$0
Property Information for 87-1205 Paakea Road
- Topography: Level
- City: Waianae
- County Or Parish: Oahu
- State Or Province: HI
- Location: Other
- Tax Amount: $547.00
- Tax Assessed Value: $1,825,300.00
- Tax Assessed Value Improvements: $731,300.00
- Tax Assessed Value Land: $1,094,000.00
- Tax Year: 2024
- Parcel Number: 1-8-7-019-036-0000
- HOA YN: No
- Parking Features: None
- Parking Total: 4
- Other Parking Features: <10 Spaces
- Property Frontage: Other
- Property Sub Type: Multi-Family
- Property Type: Multi-Family
- SQFT Building: 3261.0
- Sqft Total: 3261.0
- Land Recorded: None
- Lot Features: Other
- Lot Size Area: 192545.0
- Year Built: 1940
- Year Remodeled: 1975
- Building Type: Multi Dwellings
- Photo Count: 2
- Property Condition: Average
- Special Listing Conditions: None
- Disclosures: 1031 Exchange
- Foreclosure: No
- Set Backs: None
- Supplement Count: 0
- TMK Area: 187
- TMK Condo Property Regime Number: 0
- TMK Division: 1
- TMK Parcel: 36
- TMKPLAT: 19
- TMK Section: 7
- TMK Zone: 8
- Utilities: Gas, Public Water
- Sewer: Cesspool, Other
- Utilities Meters: Electric, Gas, Individual
- Amenities: None
- Construction Materials: Above Ground
- Easements: Driveway
- Elevators Number Of: 0
- Recreation Facilities: None
- Roof: Asphalt Shingle
- Furnished: None
- Commercial Spaces Number Of: 0
- Studio Units Number Of: 0
- Unit One Number Of Bed: 0
- Unit Three Number Of Bed: 0
- Unit Two Number Of Bed: 4
- Number Of Units Total: 4
- Total Annual Operating Expenses: $6,560.30
- Total Income: $65,202.00
- Expenses Include: Excise Tax, Insurance, Mgmt Fee, Property Tax, Repair Maintenance
- Net Operating Income: $58,641.70
- Other Income: $.00
- DOM: 13
- Immoviewer: No
- Listing Service: Limited Service
- MLS: HI Central
- MLS Area Major: Leeward
- Status: Active
- Public Remarks: 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!
- Possession: At Closing
- Tenants Responsibilities Include: Electricity
- Total Actual Rent: $6,421.59
Property History for 87-1205 Paakea Road
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Jul 18, 2025 | Listed (Active) HICENTRAL #202516520 | $1,800,000 | — |
| Jun 30, 2025 | Temporarily Off Market HICENTRAL #202427569 | $1,800,000 | — |
| Dec 1, 2024 | Listed (Active) HICENTRAL #202427569 | $1,800,000 | — |
| Aug 25, 2016 | Sold (Public Record) Public Record #577691505 | $131,284 | -14.8% / yr |
| Apr 13, 2006 | Sold HICENTRAL #2602754 | $696,000 | — |
| Apr 13, 2006 | Sold HICENTRAL #2602679 | $696,000 | — |
| Mar 28, 2006 | Sold (Public Record) Public Record #193737658 | $696,000 | — |
| Mar 28, 2006 | Sold (Public Record) Public Record #193737658 | $696,000 | — |
| Mar 12, 2006 | Contract Signed HICENTRAL #2602754 | — | |
| Mar 12, 2006 | Contract Signed HICENTRAL #2602679 | — | |
| Feb 1, 2006 | Listed (Active) HICENTRAL #2602754 | $899,900 | — |
| Feb 1, 2006 | Listed (Active) HICENTRAL #2602679 | $899,900 | — |
| Date | Event & Source | Price |
|---|---|---|
| 07/18/2025 | Listed (Active) HICENTRAL #202516520 | $1,800,000 |
| 06/30/2025 | Temporarily Off Market HICENTRAL #202427569 | $1,800,000 |
| 12/01/2024 | Listed (Active) HICENTRAL #202427569 | $1,800,000 |
| 08/25/2016 | Sold (Public Record) Public Record #577691505 | $131,284 -14.8% / yr |
| 04/13/2006 | Sold HICENTRAL #2602754 | $696,000 |
| 04/13/2006 | Sold HICENTRAL #2602679 | $696,000 |
| 03/28/2006 | Sold (Public Record) Public Record #193737658 | $696,000 |
| 03/28/2006 | Sold (Public Record) Public Record #193737658 | $696,000 |
| 03/12/2006 | Contract Signed HICENTRAL #2602754 | — |
| 03/12/2006 | Contract Signed HICENTRAL #2602679 | — |
| 02/01/2006 | Listed (Active) HICENTRAL #2602754 | $899,900 |
| 02/01/2006 | Listed (Active) HICENTRAL #2602679 | $899,900 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 87-1205 Paakea Road
Schools near 87-1205 Paakea Road
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | K to 8 |
Rating | School | Distance |
|---|---|---|
Maili Elementary School PublicPK to 6 | ||
Waianae Intermediate School Public7 to 8 | ||
Waianae High School Public9 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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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 Julieanne Lam Phan, Julieanne Lam Phan, License #RB-19782
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.