About 750 Makaleka Avenue
NEW PRICE $1,750,000! Excellent investment opportunity in Kapahulu on a large, level 7,036 sq. ft. lot with A-2 zoning. This property offers both immediate income potential and long-term development options. The existing structure includes three units: two 2-bedroom/1-bath units upstairs and one 4-bedroom/2-bath unit downstairs, with the option to reconfigure the lower level into two 2-bedroom/1-bath units. Estimated rental income is approximately $6,000/month in current condition, with potential to increase to $8,000+/month after updates, plus additional income from parking. For developers, the true value lies in the land and zoning flexibility, with the possibility to redevelop into an apartment complex or maximize density. Conveniently located near Waikiki, Kapiolani Park, golf courses, shops, and restaurants. Property is vacant and ready for immediate rental, renovation, or redevelopment.
Features of 750 Makaleka Avenue
| MLS® # | 202504967 |
|---|---|
| Price | $1,750,000 |
| Land Tenure | FeeSimple |
| Bedrooms | 8 |
| Bathrooms | 4.00 |
| Full Baths | 4 |
| Square Footage | 2,425 |
| Acres | 0.16 |
| Year Built | 1973 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Detached, Multiplex |
| Status | Active |
Community Information
| Address | 750 Makaleka Avenue |
|---|---|
| Area | Metro |
| Subdivision | KAPAHULU |
| City | Honolulu |
| County | Oahu |
| State | HI |
| Zip Code | 96816 |
Amenities
| Utilities | Above Ground Utilities, Electricity Available, Other, Water Available |
|---|---|
| Parking Spaces | 10 |
| Parking | Driveway, On Street, Three or more Spaces |
| View | None |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Fireplace | No |
|---|---|
| Stories | Two |
Exterior
| Exterior | Hollow Tile, Single Wall |
|---|
Additional Information
| Lease Fee | $0 |
|---|---|
| Monthly Maintenance Fee | $0 |
Listing Details
| Office | Compass |
|---|---|
| Contact Info | (808) 825-4277 |