Hawaii Living

821 Olokele Ave (Kapahulu)

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Photo 1 of 821 Olokele Ave, Honolulu
821 Olokele Ave, Honolulu
Selling or Buying in Kapahulu?
Call/Text George (808) 554-1635 or send a message using the form below.
George Krischke

George Krischke

Principal Broker
Realtor, RB-18610

Mobile: (808) 554-1635

Email: George@HawaiiLiving.com

Description
Super desirable central location close to beach, Waikiki, UH Manoa, and Ala Moana with 4 one-bedrooms in front two-story building (built in 1957) and 1 three-bedroom house (built in 1939) and 1:1 covered parking. All units separately metered for electric (no master meter), one water meter with very low expenses, currently self-managed. Seasoned tenant pool—this area is a tenant favorite(!)—and room for improving rents as all tenants are MTM. Laundry machines owned by tenants. Improvements include: 2 new roofs, copper plumbing inside all units, upgraded electric panels, house and Unit A : most electric rewired.
Past Activity
  • Oct 19, 2025 Listed at $1,888,000
  • Jun 25, 2024 Sold for $1,825,000
  • Jun 17, 2024 Under Contract
More Details
  • Owner, Tax & Resale History
  • Other Homes Price / ft²
  • Cash vs Financing Buyers
  • Zoning: 12 - A-2 Medium Density Apartme
  • Flood Zone: Zone X
  • Furnished: Partial
  • Property Condition: Above Average
  • Management Company: Self Managed
  • TMK: 1-2-7-33-15-0
  • Tax Assessed Land: $1,523,800
  • Tax Assessed Improvements: $130,900
  • Tax Assessed Total: $1,654,700
  • Courtesy: Commercial Inv. Strategies / (808) 429-1098
  • MLS: 202324067
About Kapahulu
See this aerial video of Kapahulu homes.

The Kapahulu neighborhood is bordered by Kaimuki in the east, Kapiolani in the west, as well as Diamond Head in the south. Kapahulu developed rapidly along Kapahulu Ave, it’s main road, once the Ala Wai Canal, a man-made drainage canal completed in 1920, turned Waikiki’s former swampland into a buildable tourist destination. Waikiki’s resulting building boom quickly extended outwards along busy Kapahulu Ave, one of only 4 main traffic arteries to enter Waikiki. Kapahulu homes for sale typically range between $700K to $1.2M on mostly  ..... Read more.

The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 07, 2025.Information is deemed reliable but not guaranteed.
Other Kapahulu Homes
$1,990,000
735 Lukepane Ave
Multi-Family

$1,775,000
3024 Lakimau St
5 Bds | 4 Ba
2,406 ft²
$1,750,000
750 Makaleka Ave
8 Bds | 4 Ba
2,425 ft²
$1,725,000
3330 Hinano St#A
3 Bds | 2.5 Ba
1,640 ft²
Other Honolulu Homes
Waikiki
$1,888,000
419 Pau St
3 Bds | 1.5 Ba
1,138 ft²
Alewa Heights & Kam Heights
$1,890,000
2004 Skyline Dr
4 Bds | 4 Ba
3,492 ft²
Kakaako
$1,880,000
1142 Kamaile St
6 Bds | 2 Ba
1,650 ft²
Pacific Heights
$1,899,000
2578 Pacific Heights Rd
6 Bds | 4.5 Ba
3,055 ft²
Dowsett
$1,899,000
281 Puiwa Rd
5 Bds | 3 Ba
2,600 ft²
Kaimuki
$1,900,000
833 10th Ave
8 Bds | 4 Ba
2,959 ft²
  • Sold 6/25/24 at $1,825,000
    (List Price: $1,888,000)
Description
Super desirable central location close to beach, Waikiki, UH Manoa, and Ala Moana with 4 one-bedrooms in front two-story building (built in 1957) and 1 three-bedroom house (built in 1939) and 1:1 covered parking. All units separately metered for electric (no master meter), one water meter with very low expenses, currently self-managed. Seasoned tenant pool—this area is a tenant favorite(!)—and room for improving rents as all tenants are MTM. Laundry machines owned by tenants. Improvements include: 2 new roofs, copper plumbing inside all units, upgraded electric panels, house and Unit A : most electric rewired.
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 07, 2025.Information is deemed reliable but not guaranteed.
    • Oct 19, 2025 Listed at $1,888,000
    • Jun 25, 2024 Sold for $1,825,000
    • Jun 17, 2024 Under Contract
    See this aerial video of Kapahulu homes.

    The Kapahulu neighborhood is bordered by Kaimuki in the east, Kapiolani in the west, as well as Diamond Head in the south. Kapahulu developed rapidly along Kapahulu Ave, it’s main road, once the Ala Wai Canal, a man-made drainage canal completed in 1920, turned Waikiki’s former swampland into a buildable tourist destination. Waikiki’s resulting building boom quickly extended outwards along busy Kapahulu Ave, one of only 4 main traffic arteries to enter Waikiki. Kapahulu homes for sale typically range between $700K to $1.2M on mostly  ..... Read more.

    Other Kapahulu Homes
    $1,990,000
    735 Lukepane Ave
    Multi-Family

    $1,775,000
    3024 Lakimau St
    5 Bds | 4 Ba
    2,406 ft²
    $1,750,000
    750 Makaleka Ave
    8 Bds | 4 Ba
    2,425 ft²
    $1,725,000
    3330 Hinano St#A
    3 Bds | 2.5 Ba
    1,640 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.