Ad #7823100
MLS #202610829
Great investment opportunity to own a beautiful 1-acre, fully
84-290 Makaha Valley Rd, Waianae, HI 96792
$1,999,000
15Beds
8Baths
4,384Sqft
--Acres
About this property
Great investment opportunity to own a beautiful 1-acre, fully permitted multi-unit, income-producing property located in the peaceful Makaha Valley! Property has 3 legal structures that were fully remodeled in 2024 & 2026: 1) 4 bed/ 2.5 bath main house with window A/C in the bedrooms 2) two-story concrete building - 5 bed/ 2 bath upstairs unit & 5 bed/ 2 bath downstairs unit 3) one-bedroom cottage with a detached single bedroom. This property currently generates $9,900 per month in rental income from three occupied units, with one additional vacant unit projected at $3,600 per month based on current market rent. Upon full occupancy, the projected gross rental income is $13,500 per month, or $162,000 annually. Because all units are legally permitted, the property should be evaluated not only by comparable residential sales, but also by its income-producing capability using an income approach. Lots of parking. Large deck to relax and entertain in the spacious backyard with mango trees and other fruit trees. Property is on cesspool. Near beaches, gas stations, bus lines. Tax records may not match, some unpermitted areas but original structures legal. Property to be sold AS IS.
Property Features
15 Beds
8 Baths
4,384 Sqft
Built in 1974
0.000 Acres
1 Story
Boat, Carport
Siding: Hollow Tile, Single Wall, Wood Frame
$3,696 / yr property tax
Oahu County
MAKAHA Community
Additional Photos
Contact Information
Vai Lan Lau
SC Realty LLC
808-384-6768
Location
Listing Agent: Vai Lan Lau (License #: RS-83779) 808-384-6768
Broker: SC Realty LLC 808-225-2576 Listing Site
Copyright © 2026 HiCentral MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: SC Realty LLC 808-225-2576 Listing Site
Copyright © 2026 HiCentral MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 11, 2026
Photo Gallery
$1,999,000
15
Beds
8
Baths
4,384
Sqft
84-290 Makaha Valley Rd, Waianae, HI 96792
By contacting this agent you agree to these Terms and Conditions.
MLS# 202610829
Great investment opportunity to own a beautiful 1-acre, fully
$1,999,000
84-290 Makaha Valley Rd, Waianae, HI 96792
15
Beds
8
Baths
4,384
Sqft
--
Acres
$1,999,000
84-290 Makaha Valley Rd, Waianae, HI 96792
15 Beds
8 Baths
4,384 Sqft
-- Acres
Great investment opportunity to own a beautiful 1-acre, fully permitted multi-unit, income-producing property located in the peaceful Makaha Valley! Property has 3 legal structures that were fully remodeled in 2024 & 2026: 1) 4 bed/ 2.5 bath main house with window A/C in the bedrooms 2) two-story concrete building - 5 bed/ 2 bath upstairs unit & 5 bed/ 2 bath downstairs unit 3) one-bedroom cottage with a detached single bedroom. This property currently generates $9,900 per month in rental income from three occupied units, with one additional vacant unit projected at $3,600 per month based on current market rent. Upon full occupancy, the projected gross rental income is $13,500 per month, or $162,000 annually. Because all units are legally permitted, the property should be evaluated not only by comparable residential sales, but also by its income-producing capability using an income approach. Lots of parking. Large deck to relax and entertain in the spacious backyard with mango trees and other fruit trees. Property is on cesspool. Near beaches, gas stations, bus lines. Tax records may not match, some unpermitted areas but original structures legal. Property to be sold AS IS.
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on BeachHouse.com
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Property Details
HOME DETAILS
15 Beds
8 Baths
4,384 Sqft
Built in 1974
0.000 Acres
1 Story
EXTERIOR
Boat, Carport
Siding: Hollow Tile, Single Wall, Wood Frame
FINANCIAL & COMMUNITY
$3,696 / yr property tax
Oahu County
MAKAHA Community
See More Details
Location
Mortgage Calculator
Ad Statistics
Ad Number
7823100
Viewed
70 times
Listing Status
Active
Added
Jun 03, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
HiCentral MLS
Source Property ID
202610829
Listing Agent: Vai Lan Lau (License #: RS-83779) 808-384-6768
Broker: SC Realty LLC 808-225-2576 Listing Site
Copyright © 2026 HiCentral MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: SC Realty LLC 808-225-2576 Listing Site
Copyright © 2026 HiCentral MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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