SOLD 07/12/2022
Photos
About
Details
Open Houses
Monthly payment
Neighborhood
Unit Information
Amenties & Features
Income
Prices
Schools
Price history
Activity
Taxes
Tour report
Similar
Recently sold
Ask a question
Map View
745 Makaleka Ave, Honolulu, HI 96816
$2,900,000 $2,800,000
Multi-Family Home
sold
4,514 sqft
Neighborhood:
Kapahulu
Sold 07/12/2022
$2,900,000 $2,800,000
11 min walk to Ala Wai Golf Course
26 min walk to Waikiki Beach
18 min walk to Ala Wai Golf Course
21 min walk to The Wall
21 min walk to Graveyards
About lifestyles
First time on the market. Well-maintained 8 unit all-concrete building with excellent unit mix – (6) 2-bedroom and (2) 1-bedroom units. 9 total parking stalls available. 7 on-site parking stalls (one stall is tandem) + 2 stalls leased directly across Makaleka Street for $60/mo each. There is also the ability to rent additional stalls across the street if desired, and plenty of street parking. All units have lanais and most have washing machines. This building has copper gutters, separate electrical meters, and a rare yard in the back. Over $200,000 in capital improvements over the past 5 years. Sizeable land area provides development options under Bill 7. Very close to stores and restaurants on Kapahulu Ave. 3 units are vacant and easy to show. Proforma NOI should be closer to $125,600.
Read more
Multi-family details
1962 year built
- Year Built 1962
- Original list price $2,800,000
- Days on market 65
- Building type Apartments
- Price per sqft $642/sqft
-
Address
745 Makaleka Ave, Honolulu, HI, 96816
- Frontage Other
- Neighborhood Kapahulu
- Land tenure FS - Fee Simple
- Land SqFt 6,068 sqft
- View None
Open Houses
No upcoming open houses
Monthly payment
Calculate your monthly payments
Mortgage
$14,787
Taxes
$497
HOA dues
$0
Mortgage
Down payment
$580,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$14,787 / month
Neighborhood: Kapahulu
Nearby & commute
Walkability
Coffee shops
—
no data
Bus stop
—
no data
Supermarket
—
no data
Costco
—
no data
Hospital
—
no data
Park
—
no data
Beach
—
no data
Elementary school
—
no data
Middle school
—
no data
High school
—
no data
Local airport
—
no data
14 / 20
Somewhat walkable
►
18-20
Most Walkable
15-18
Very walkable
10-15
Somewhat walkable
1-10
Car dependent
Walkability according to the National Walkability Index
Unit Information
8 total units
# of 1 Bd
2
# of 2 Bd
6
# of 3 Bd
0
Total Units
8
Amenities & Features
7 parking places
Stories
Two
Roof
Pitch & Gravel
Construction
Concrete
Utilities
Cable, Overhead Electricity, Public Water
Property Condition
Above Average
Parking
Assigned, Open, Tandem
nr.of parking places
7
Amenities
None
Income
Net Operating Income: $50,538
Total Actual Rent
$7,450
Total Annual Operating Expenses
$38,862
Total Income
$89,400
Net Operating Income
$50,538
Kapahulu prices
Average price $514.82k
Neighborhood average sales price*
$514.82k
Neighborhood median sales price*
$372.5k
Number or sales*
86
Street median sales price*
$310k
Median sale price Ode Rancho*
$305k
*last 6 months
Schools
15 schools with rating up to 7
| School rating | Distance | |
|---|---|---|
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
Elementary School
|
0.574mi | |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
Middle School
|
0.574mi | |
| out of 10 |
Kaimuki High School
2705 Kaimuki Ave,
Honolulu, HI 96816
High School
|
0.341mi |
| School rating | Distance | |
|---|---|---|
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.574mi | |
| out of 10 |
Prince Jonah Kuhio Elementary School
2759 South King St,
Honolulu, HI 96826
|
0.584mi |
|
Hawaii School For The Deaf And Blind
3440 Leahi Ave,
Honolulu, HI 96815
|
0.594mi | |
| out of 10 |
King Liholiho Elementary School
3430 Maunaloa Ave,
Honolulu, HI 96816
|
0.611mi |
| out of 10 |
President Thomas Jefferson Elementary School
324 Kapahulu Ave,
Honolulu, HI 96815
|
0.628mi |
| School rating | Distance | |
|---|---|---|
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.574mi | |
|
Hawaii School For The Deaf And Blind
3440 Leahi Ave,
Honolulu, HI 96815
|
0.594mi | |
|
St Louis School
3142 Waialae Avenue,
Honolulu, HI 96816
|
0.596mi | |
|
St Patrick School
3320 Harding Avenue,
Honolulu, HI 96816
|
0.634mi | |
| out of 10 |
Waikiki Elementary School
3710 Leahi Ave,
Honolulu, HI 96815
|
0.678mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Kaimuki High School
2705 Kaimuki Ave,
Honolulu, HI 96816
|
0.341mi |
|
Iolani School
563 Kamoku St,
Honolulu, HI 96826
|
0.574mi | |
|
Hawaii School For The Deaf And Blind
3440 Leahi Ave,
Honolulu, HI 96815
|
0.594mi | |
|
St Louis School
3142 Waialae Avenue,
Honolulu, HI 96816
|
0.596mi | |
|
Varsity International School
2617 South King St., 3-D,
Honolulu, HI 96826
|
0.795mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Sold Jul 13, 2022
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| Jul 13, 2022 | Sold | $2,900,000 +114.81% from last sold price | $642.45 | Public Record |
| May 16, 2022 | Under contract | $2,800,000 | $620.29 | MLS #202209008 |
| May 10, 2022 | New Listing | $2,800,000 +107.41% | $620.29 | MLS #202209008 |
| Sep 18, 2016 | Sold | $1,350,000 | $299.07 | Public Record |
| Sep 18, 2016 | In Escrow - not showing | $1,350,000 | $299.07 | MLS #201623490 |
| Sep 18, 2016 | New Listing | $1,350,000 | $299.07 | MLS #201623490 |
Tax & MLS details 745 Makaleka Ave, Honolulu, HI, 96816
12 - A-2 Medium Density Apartme zoning / MLS #202209008
Current Property Taxes p/month
$497
Property Tax Year
2022
Assessed Improvement value
$302,100
Assessed Land value
$1,508,300
TMK
1-2-7-034-018-0000
Land Recorded
Land Court
Zoning
12 - A-2 Medium Density Apartme
Flood Zone
Zone X
Topography
Level
Location
Inside
Lot Description
Other
Property Setbacks
C&C
Total Assessed value
$1,810,400
Listed by
Standard Management LLC
MLS #
202209008
Hawaii House tour report for this multi-family home
No reviews yet
Stunning views
Ocean views
Open floorplan
Needs Work
Street noise
We do not have a Hawaii House tour report for this listing yet.
As soon as we do, we post it here.
As soon as we do, we post it here.
Similar homes nearby 745 Makaleka Ave in Kapahulu
Recently sold nearby 745 Makaleka Ave in Kapahulu
Ask a question
I agree to be contacted by Hawaii House via call, email, and text. To opt-out, you can reply ’stop’ at any time or click the unsubscribe link in the emails. Message and data rates may apply.
Frequently asked questions for 745 Makaleka Ave
When was this multi-family home built and last sold?
This house was build in 1962 and sold in 2022.
What is the full address of this multi-family home?
745 Makaleka Ave, Honolulu, HI, 96816.
Are there beaches near 745 Makaleka Ave?
The nearest beach is 0.765 miles away, called Waikiki Beach. It should take about 26 min walk.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 by HiCentral Mls, Ltd. Listing courtesy of Standard Management LLC. Some active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation. Hawaii House Inc. is a real estate brokerage firm licensed to conduct business in the State of Hawaii. Information deemed reliable, but not guaranteed.
Listings last updated on July 12, 2022.
Hawaii House Last checked less than a minute ago.
Kapahulu & nearby Neighborhoods
- Ala Moana homes for sale
- Alewa Heights homes for sale
- Aliamanu homes for sale
- Chinatown homes for sale
- Dillingham homes for sale
More
Less
Nearby Zip Codes
- 96814 Real Estate for sale
- 96815 Real Estate for sale
- 96813 Real Estate for sale
- 96826 Real Estate for sale
- 96822 Real Estate for sale
- 96818 Real Estate for sale
- 96817 Real Estate for sale
- 96819 Real Estate for sale
- 96816 Real Estate for sale
- 96850 Real Estate for sale
More
Less
Kapahulu Property Types
More
Less