| Description | Highly well-maintained 2-story, 6-unit apartment building ideally located near parks, shopping, and top-rated schools. The exterior of the property is in pristine condition, highlighted by fresh exterior paint and consistent pride of ownership. This investment offers immediate income with strong upside potential. Current rents are below market, and all leases are on a month-to-month basis, providing flexibility for future adjustments and increased returns. Units are well maintained, with an opportunity for a new owner to update and modernize interiors over time to further enhance value. Each unit includes smoke alarms, gas ranges, electric refrigerators, and built-in ironing boards. Kitchens feature stainless steel sinks, ceiling-height cabinetry, and built-in dining tables. Exterior improvements include a renovated 6-stall carport, secure vinyl fencing, coin-operated washer/dryers, tankless water heaters, and ample storage. Photocell and sensor lighting enhance safety and convenience. A compelling opportunity for investors seeking a well-cared-for asset with room to grow. |
|---|---|
| Status | Contract since 05-22-2026 |
| MLS# | 202610118 |
| Price | $1,995,000 |
| Original Price | $1,995,000 |
| Price Change | (0.00%) |
| Studio Units | 0 |
| One Bed Units | 6 |
| Two Bed Units | 0 |
| Three Bed Units | 0 |
| Living Sq Ft | 2,592 |
| Land Sq Ft | 5,005 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $0 |
| Address | 708 E Olokele Avenue Honolulu HI 96816 |
| Region | Metro |
| Neighborhood | Kapahulu |
| Days on Market | 69 |
| Year Built | 1957 |
| Year Remodeled | 1975 |
| Condition | Excellent |
| View | None |
| Parking | Assigned, Covered, Open |
| Zoning | 12 - A-2 Medium Density Apartme |
| Flood Zone | Zone AE |
| Elementary | Ala Wai |
| High | Kaimuki |
| Tax Amount | $442 |
| Assessed Land | $1,331,000 |
| Assessed Building | $192,400 |
| Assessed Total | $1,523,400 |
| Assessed Ratio | 131% |
| Utilities | Cable, Gas, Internet, Overhead Electricity, Public Water, Telephone, Water |
| Construction | Masonry/Stucco |
| Lot Features | Clear |
| Disclosures | Property Disclosure Stmt |
| Land Recorded | Dual Systems |
| Possession | At Closing, Subject To Tenancy |
| Sale Conditions | None |
| Topography | Level, Other |
| Roofing | Asphalt Shingle |
| Easements | None |
| Parcel # | 1-2-7-035-095-0000 |
| Listing courtesy of | Hawaii Modern Realty |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 08-03-2026 | 202610118 | Active Under Contract | A | C | $1,995,000 | $0 | $1,523,400 | $1,331,000 | $192,400 |
| 05-22-2026 | 202610118 | New Listing | A | $1,995,000 | $0 | $1,523,400 | $1,331,000 | $192,400 | |
| 03-13-2026 | 202520202 | Expired | A | X | $2,150,000 | $0 | $1,515,200 | $1,331,000 | $184,200 |
| 09-15-2025 | 202520202 | New Listing | A | $2,150,000 | $0 | $1,515,200 | $1,331,000 | $184,200 | |
| 06-30-2025 | 202417760 | Expired | A | X | $2,150,000 | $0 | $1,515,200 | $1,331,000 | $184,200 |
| 06-11-2025 | 202417760 | Price Decrease | $2,300,000 | $2,150,000 | $2,150,000 | $0 | $1,515,200 | $1,331,000 | $184,200 |
| 05-27-2025 | 202417760 | Price Decrease | $2,500,000 | $2,300,000 | $2,150,000 | $0 | $1,515,200 | $1,331,000 | $184,200 |
| 11-11-2024 | 202417760 | Price Decrease | $2,685,000 | $2,500,000 | $2,150,000 | $0 | $1,515,200 | $1,331,000 | $184,200 |
| 08-08-2024 | 202417760 | New Listing | A | $2,150,000 | $0 | $1,515,200 | $1,331,000 | $184,200 |
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