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1654 Olona Lane B

Honolulu HI 96817 · Sold

1654 Olona Lane B

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DescriptionBuilt in 2018, this well-maintained and versatile property offers a unique opportunity to live comfortably while generating strong rental income. Located in a highly convenient area, you’re just minutes from Costco, restaurants, Chinatown, hospitals, gas stations, supermarkets, business offices, banks, churches, and more — with easy freeway access east and west, making it a commuter’s dream. Whether you’re an investor, a multi-generational family, or looking to offset your mortgage with steady rental income, this property checks all the boxes for flexibility, location, and long-term value. Upstairs: 3 bed / 2 bath – currently owner-occupied, bright and airy with modern finishes. Downstairs Unit 1: 2 bed / 1 bath – rented at $2,200/month; Downstairs Unit 2: 2 bed / 1 bath – rented at $2,150/month; Studio Unit: Comfortable and efficient – bringing in $1,200/month. Total Rental Income: $5,550/month (not including owner’s unit). Built in 2018 – newer construction means lower maintenance and peace of mind. Number of units and bathrooms may differ from tax records. Schedule a private showing today – this one won’t last long!
StatusSold since 09-02-2025
MLS#202519293
Price$1,490,000
Original Price$1,490,000
Price Change (0.00%)
Beds / Baths / Half7 / 5 / 0
Parking Spaces5
Living Sq Ft3,308
Land Sq Ft4,150
Land TenureFS - Fee Simple
Maintenance Fee$0
Address1654 Olona Lane B Honolulu HI 96817
RegionMetro
NeighborhoodLiliha
Days on Market37
Year Built2018
Year Remodeled2018
ConditionAbove Average
ViewNone
FrontageOther
PoolNone
Parking3 Car+
Zoning07 - R-3.5 Residential District
Flood ZoneZone X
Tax Amount$393
Assessed Land$860,700
Assessed Building$604,800
Assessed Total$1,465,500
Assessed Ratio102%
InclusionsAC Split, Blinds, Ceiling Fan, Disposal, Drapes, Dryer, Range Hood, Range/Oven, Refrigerator, Smoke Detector, Washer, Water Heater
AmenitiesNone
UtilitiesConnected, Public Water, Water
ConstructionAbove Ground, Double Wall, Wood Frame
Lot FeaturesClear
FlooringCeramic Tile, Vinyl
DisclosuresProperty Disclosure Stmt
FurnishedPartial
Land RecordedRegular System
PossessionAt Closing, Subject to Rental Lease
Sale ConditionsNone
TopographyLevel
Building StyleDuplex
RoofingAsphalt Shingle
EasementsNone
Parcel #1-1-7-034-069-0000
Listing courtesy ofFive Star Realty, Inc.
DateMLS#ChangeOld ValueNew ValueList PriceSold PriceAssessed TotalLandBuilding
02-06-2026202519293SoldCS$1,490,000$1,525,000$1,465,500$860,700$604,800
10-09-2025202519293Active Under ContractAC$1,490,000$1,525,000$1,465,500$860,700$604,800
09-02-2025202519293New ListingA$1,490,000$1,525,000$1,465,500$860,700$604,800
03-10-2014201336010WithdrawnAW$690,000$0$542,900$483,500$59,400
11-30-2013201336010New ListingA$690,000$0$542,900$483,500$59,400
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