| Description | An excellent opportunity to own a multifamily property in a prime location in the Kapahulu area. The 4-unit concrete hollow tile building consists of 1 (3bd/2ba), 1 (2bd/1ba), and 2 (1bd/1ba) units and sits on 6,562 square feet of A-2 zoned land. There are a total of 6 parking stalls with the potential to add additional stalls. The large owner’s suite allows for an investor to “house hack” the property and offset their housing expense with the three other units’ rental income. The building's exterior just received a fresh coat of paint. Common area laundry hook ups are also available. Perfectly located between the University of Hawaii at Manoa and Waikiki. Within proximity to Kaimuki High School, Iolani School, Ala Wai Golf Course, Kapiolani Park, Waikiki Beach, and Diamond Head. |
|---|---|
| Status | Sold since 01-10-2025 |
| MLS# | 202428337 |
| Price | $1,750,000 |
| Original Price | $1,800,000 |
| Price Change | $-50,000 (-2.78%) |
| Studio Units | 0 |
| One Bed Units | 2 |
| Two Bed Units | 1 |
| Three Bed Units | 1 |
| Living Sq Ft | 2,168 |
| Land Sq Ft | 6,562 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $0 |
| Address | 708 Olokele Avenue F Honolulu HI 96816 |
| Region | Metro |
| Neighborhood | Kapahulu |
| Days on Market | 104 |
| Year Built | 1975 |
| Condition | Above Average |
| View | Garden, Mountain |
| Parking | Covered |
| Zoning | 12 - A-2 Medium Density Apartme |
| Flood Zone | Zone AE |
| Tax Amount | $501 |
| Assessed Land | $1,641,600 |
| Assessed Building | $235,800 |
| Assessed Total | $1,877,400 |
| Assessed Ratio | 93% |
| Utilities | Water |
| Construction | Concrete, Hollow Tile |
| Lot Features | Other |
| Disclosures | 1031 Exchange, Call Listor |
| Land Recorded | Land Court |
| Possession | Negotiable |
| Sale Conditions | None |
| Topography | Level |
| Roofing | Other |
| Easements | None |
| Parcel # | 1-2-7-035-066-0000 |
| Listing courtesy of | Excel Commercial Realty LLC |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 07-16-2025 | 202428337 | Sold | C | S | $1,750,000 | $1,600,000 | $1,877,400 | $1,641,600 | $235,800 |
| 05-02-2025 | 202428337 | Active Under Contract | A | C | $1,750,000 | $1,600,000 | $1,877,400 | $1,641,600 | $235,800 |
| 04-04-2025 | 202428337 | Price Decrease | $1,800,000 | $1,750,000 | $1,750,000 | $1,600,000 | $1,877,400 | $1,641,600 | $235,800 |
| 02-23-2025 | 202428337 | Back On Market | C | A | $1,750,000 | $1,600,000 | $1,877,400 | $1,641,600 | $235,800 |
| 02-15-2025 | 202428337 | Active Under Contract | A | C | $1,750,000 | $1,600,000 | $1,877,400 | $1,641,600 | $235,800 |
| 01-10-2025 | 202428337 | New Listing | CS | A | $1,750,000 | $1,600,000 | $1,877,400 | $1,641,600 | $235,800 |
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