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1654 Olona Lane#B (Kalihi)

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Photo 1 of 1654 Olona Lane #B, Honolulu
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1654 Olona Lane #B, Honolulu
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We are expert real estate agents who have sold many homes in Kalihi. We would be happy to assist you too.
Description
Built in 2018, this well-maintained and versatile property offers a unique opportunity to live comfortably while generating strong rental income. Located in a highly convenient area, you’re just minutes from Costco, restaurants, Chinatown, hospitals, gas stations, supermarkets, business offices, banks, churches, and more — with easy freeway access east and west, making it a commuter’s dream. Whether you’re an investor, a multi-generational family, or looking to offset your mortgage with steady rental income, this property checks all the boxes for flexibility, location, and long-term value. Upstairs: 3 bed / 2 bath – currently owner-occupied, bright and airy with modern finishes. Downstairs Unit 1: 2 bed / 1 bath – rented at $2,200/month; Downstairs Unit 2: 2 bed / 1 bath – rented at $2,150/month; Studio Unit: Comfortable and efficient – bringing in $1,200/month. Total Rental Income: $5,550/month (not including owner’s unit). Built in 2018 – newer construction means lower maintenance and peace of mind. Number of units and bathrooms may differ from tax records. Schedule a private showing today – this one won’t last long!
Recent Activity
  • Oct 09, 2025 Under Contract
  • Sep 02, 2025 Listed at $1,490,000
Recent Sales
(Kalihi)
More Details
  • Owner, Tax & Resale History
  • Price / ft²: $450
  • Other Homes Price / ft²
  • Cash vs Financing Buyers
  • Year Remodeled: 2018
  • Zoning: 07 - R-3.5 Residential District
  • Flood Zone: Zone X
  • Furnished: Partial
  • Property Condition: Above Average
  • TMK: 1-1-7-34-69-0
  • Tax Assessed Land: $860,700
  • Tax Assessed Improvements: $604,800
  • Tax Assessed Total: $1,465,500
  • Courtesy: Five Star Realty, Inc. / (808) 382-6871
  • MLS: 202519293
Ask Michelle a Question
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on January 02, 2026.Information is deemed reliable but not guaranteed.
Other Kalihi Homes
$1,495,888
1639 Liliha St
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$1,400,000
1829 Akone Pl
14 Bds | 6 Ba
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$1,335,000
1625 Kalaepaa Dr
6 Bds | 2 Ba
2,172 ft²
$1,250,000
1736 Gulick Ave
6 Bds | 3 Ba
3,707 ft²
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Salt Lake Honolulu & Moanalua
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Aina Haina
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Dowsett
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280 Polohiwa Pl
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  • Asking Price: $1,490,000
Description
Built in 2018, this well-maintained and versatile property offers a unique opportunity to live comfortably while generating strong rental income. Located in a highly convenient area, you’re just minutes from Costco, restaurants, Chinatown, hospitals, gas stations, supermarkets, business offices, banks, churches, and more — with easy freeway access east and west, making it a commuter’s dream. Whether you’re an investor, a multi-generational family, or looking to offset your mortgage with steady rental income, this property checks all the boxes for flexibility, location, and long-term value. Upstairs: 3 bed / 2 bath – currently owner-occupied, bright and airy with modern finishes. Downstairs Unit 1: 2 bed / 1 bath – rented at $2,200/month; Downstairs Unit 2: 2 bed / 1 bath – rented at $2,150/month; Studio Unit: Comfortable and efficient – bringing in $1,200/month. Total Rental Income: $5,550/month (not including owner’s unit). Built in 2018 – newer construction means lower maintenance and peace of mind. Number of units and bathrooms may differ from tax records. Schedule a private showing today – this one won’t last long!
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on January 02, 2026.Information is deemed reliable but not guaranteed.
    • Oct 09, 2025 Under Contract
    • Sep 02, 2025 Listed at $1,490,000
    Other Kalihi Homes
    $1,495,888
    1639 Liliha St
    Multi-Family

    $1,400,000
    1829 Akone Pl
    14 Bds | 6 Ba
    4,418 ft²
    $1,335,000
    1625 Kalaepaa Dr
    6 Bds | 2 Ba
    2,172 ft²
    $1,250,000
    1736 Gulick Ave
    6 Bds | 3 Ba
    3,707 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.