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SOLD
MLS: 202428337
 
Asking Price: $1,750,000 FS - Fee Simple
Sold Price: $1,600,000
Sold Date: 07/11/2025
Type: Multi-Family
District: Metro
Address: 708 Olokele Avenue, Honolulu, HI
Neighborhood: Kapahulu
Land Area: 6,562 SF
View: Garden,Mountain
Parking: Covered
Days on Market: 413
(The Price of the property was lowered by $50,000 on 04/04/2025)
Year Built: 1975
Zoning: 12 - A-2 Medium Density Apartm
Land Recorded: Land Court
Property Taxes: $501
Assessed Value: $1,877,400,.00
Assessed Ratio: 93.21%
Listing Courtesy: Excel Commercial Realty LLC
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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.


 
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