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1578 Pele St (Punchbowl)

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1578 Pele St, Honolulu
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Call/Text Tanner (808) 343-5000 or use contact form.
We are expert real estate agents who know Punchbowl very well and have sold many homes in Honolulu. We would be happy to assist you too.
Description
Motivated Sellers! Multi-Unit Investment Opportunity in Prime Punchbowl Location with beautiful ocean, sunset, mountain, and city views from the balcony! A rare find in the Punchbowl area! This versatile property features two separate structures with a total of five units, offering an incredible investment opportunity. With four units currently generating $5,400 in monthly rental income, the additional unit provides flexibility—live on-site or rent it out for even more revenue! The property includes a carport for three vehicles, copper piping in the main unit, and a highly desirable location with proximity to UH Manoa, HPU, community colleges, hospitals, downtown, and major conveniences. Investor-friendly and tenant-occupied—please allow 48-hour notice for showings. Do not disturb tenants. Don’t miss this chance to own a fantastic income-producing property in a prime Honolulu location!
Recent Activity
  • Apr 17, 2025 Price $1,695,000
  • Mar 17, 2025 Listed at $1,700,000
Past Sales
(Punchbowl)
Blog
More Details
  • Owner, Tax & Resale History
  • Price / ft²: $466
  • Other Homes Price / ft²
  • Cash vs Financing Buyers
  • Zoning: 07 - R-3.5 Residential District
  • Flood Zone: Zone X
  • View: City, Mountain, Ocean, Sunset
  • Furnished: Partial
  • Property Condition: Average
  • Security Features: Key, Video
  • TMK: 1-2-2-3-17-0
  • Tax Assessed Land: $902,100
  • Tax Assessed Improvements: $476,600
  • Tax Assessed Total: $1,378,700
  • Courtesy: CENTURY 21 Homefinders of HI / (808) 677-0721
  • MLS: 202507013
Ask Tanner a Question
About Punchbowl
See our video of Punchbowl homes.

Punchbowl homes have the very enviable location just behind the prime sections of Honolulu, mauka of both the city's modern and historical centers. One thing that needs to be understood first, however, is that there are 2 sections that make up the whole, Upper and Lower Punchbowl.

Lower Punchbowl takes in the properties hugging the base of the volcanic cone, especially the eastern side, where it runs into Makiki. At certain points, those two neighborhoods blur together so either or both labels are sometimes applied to the same place.

Lower has been es  ..... Read more.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on April 18, 2025.Information is deemed reliable but not guaranteed.
Other Punchbowl Homes
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$1,600,000
2485 Booth Rd
6 Bds | 3 Ba
2,810 ft²
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$1,500,000
914 Kinau St
4 Bds | 4 Ba
2,000 ft²
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$1,900,000
322 Auwaiolimu St
5 Bds | 3 Ba
2,164 ft²
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$1,400,000
1840 Lusitana St#A
6 Bds | 5 Ba
3,146 ft²
Other Honolulu Homes
Queens Gate
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$1,695,000
1175 Palea Way
3 Bds | 2 Ba
1,861 ft²
Makiki
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$1,695,000
1729 Keeaumoku St#B
5 Bds | 3 Ba
1,886 ft²
Metro Honolulu
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$1,699,000
1929 Nehoa Pl#A
4 Bds | 3 Ba
2,014 ft²
Kalama Valley
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$1,700,000
7533 Kamaomao Pl
4 Bds | 2.5 Ba
1,976 ft²
Dowsett
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$1,700,000
240 Puiwa Rd
4 Bds | 3 Ba
2,103 ft²
Kaimuki
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$1,650,000
3824 Harding Ave
5 Bds | 2.5 Ba
2,400 ft²
  • Asking Price: $1,695,000

    $5,000 price drop 1 day ago

Description
Motivated Sellers! Multi-Unit Investment Opportunity in Prime Punchbowl Location with beautiful ocean, sunset, mountain, and city views from the balcony! A rare find in the Punchbowl area! This versatile property features two separate structures with a total of five units, offering an incredible investment opportunity. With four units currently generating $5,400 in monthly rental income, the additional unit provides flexibility—live on-site or rent it out for even more revenue! The property includes a carport for three vehicles, copper piping in the main unit, and a highly desirable location with proximity to UH Manoa, HPU, community colleges, hospitals, downtown, and major conveniences. Investor-friendly and tenant-occupied—please allow 48-hour notice for showings. Do not disturb tenants. Don’t miss this chance to own a fantastic income-producing property in a prime Honolulu location!
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on April 18, 2025.Information is deemed reliable but not guaranteed.
    • Apr 17, 2025 Price $1,695,000
    • Mar 17, 2025 Listed at $1,700,000
    See our video of Punchbowl homes.

    Punchbowl homes have the very enviable location just behind the prime sections of Honolulu, mauka of both the city's modern and historical centers. One thing that needs to be understood first, however, is that there are 2 sections that make up the whole, Upper and Lower Punchbowl.

    Lower Punchbowl takes in the properties hugging the base of the volcanic cone, especially the eastern side, where it runs into Makiki. At certain points, those two neighborhoods blur together so either or both labels are sometimes applied to the same place.

    Lower has been es  ..... Read more.
    Other Punchbowl Homes
    • Photo
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    $1,600,000
    2485 Booth Rd
    6 Bds | 3 Ba
    2,810 ft²
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    $1,500,000
    914 Kinau St
    4 Bds | 4 Ba
    2,000 ft²
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    $1,900,000
    322 Auwaiolimu St
    5 Bds | 3 Ba
    2,164 ft²
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    $1,400,000
    1840 Lusitana St#A
    6 Bds | 5 Ba
    3,146 ft²
    You do not own the land, but have the right to use the land until an expiration year. At expiration the ownership typically reverts back to the land owner.
    Buyer and Seller have reached an agreement and are under contract. The sale may be subject to one or more contingencies.
    We have handled many transactions for clients who purchase Hawaii real estate without visiting. By request, we can prepare thorough property videos to ensure you are familiar with every detail necessary. All documents can be signed remotely.
    Buyer and Seller have reached an agreement and are under contract. The sale is expected to close / record soon.
    We will be happy to work with you as a Buyer's agent. Call us to learn more: 808-943-9000.
    Note: A Seller's agent has a fiduciary responsibility towards the Seller. Working with a Buyer's agent objectives and goals are aligned, at no cost to you, the Buyer.
    Other fees could be a special assessment, reserve contributions etc.
    DOM = Days On Market. Our site shows listings immediately. A brand new listing may show DOM 2 or 3 days, if listing agent did not upload the same day listing agreement was executed.
    Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
    Learn about property tax rates.