CCN 125066 · Honolulu County, Hawaii
Kalakaua Gardens
1723 Kalakaua Avenue, Honolulu, HI 96826
Kalakaua Gardens is a 49-bed for-profit nursing home in Honolulu, Hawaii, first certified for Medicare or Medicaid in 2017. CMS rates it 2 out of 5 stars overall in its September 2026 data, and it averaged 38.5 residents a day, about 79% of its certified beds. It has an active FHA-insured Section 232 loan: $51.1 million originally, at 4.90%, with $51.1 million outstanding as of September 30, 2026 and maturity in October 2061.
Facility facts
- Certified beds
- 49
- Average residents per day
- 38.5 (78.6% of beds)
- Ownership type
- For profit - Partnership
- Certification
- Medicare and Medicaid
- Legal business name
- Island Paradise Investments LP
- Certified since
- Jun 27, 2017
- Chain or affiliated group
- None listed by CMS
- Location
- Urban
Ratings and staffing
Star ratings run from 1 to 5. Staffing is nurse hours per resident per day from CMS Payroll Based Journal data; turnover is the CMS annual nursing staff turnover rate. Occupancy is CMS's average daily census divided by certified beds.
| Measure | This facility | Hawaii median | US median |
|---|---|---|---|
| Overall rating | 2 of 5 | State spread: 3 at 1, 7 at 2, 6 at 3, 8 at 4, 17 at 5 | |
| Health inspections | 2 of 5 | ||
| Quality measures | 4 of 5 | ||
| Staffing | 4 of 5 | ||
| Total nurse hours per resident per day | 5.78 | 4.61 | 3.68 |
| RN hours per resident per day | 2.04 | 1.59 | 0.58 |
| Weekend nurse hours per resident per day | 5.51 | ||
| Nursing staff turnover | 100.0% | 31.9% | 44.9% |
| Occupancy (residents / beds) | 78.6% | 85.2% | 85.7% |
| Fines reported by CMS | 1 totaling $55,692 | ||
| Health deficiencies, latest standard survey | 11 (Feb 20, 2026) | ||
HUD 223(f) Express Lane: the CMS part
HUD gives 223(f) applications queue priority when the facility has CMS overall and health inspection ratings of at least 2 stars and no abuse icon, among other tests (ORCF criteria of March 31, 2026). Kalakaua Gardens meets that part today: 2 stars overall, 2 on health inspections, no abuse icon. The loan-to-value, coverage and operator tests depend on the deal. All the criteria.
Who owns and operates it
These are the owners and operators the facility reported to CMS: anyone with a 5% or greater direct or indirect stake, and any organization with operational or managerial control.
| Name | Role | Share | Since |
|---|---|---|---|
| 1723 Kalakaua LLCOrganization | Direct Ownership Interest | 43% | 03/01/2006 |
| Chi Wai CheungOrganization | Indirect Ownership Interest | 9% | 02/01/2022 |
| Hua DaiOrganization | Indirect Ownership Interest | 9% | 02/01/2022 |
| John T S Hung and Siew Yoong Hung TrustOrganization | Indirect Ownership Interest | 6% | 03/01/2006 |
| P E and M LLCOrganization | Indirect Ownership Interest | 29% | 03/01/2006 |
| Tony K & Rebecca C Yung 1996 Fam Irrv TrOrganization | Indirect Ownership Interest | n/a | 02/08/2022 |
| American Savings Bank FsbOrganization | Security Interest | n/a | 08/04/2014 |
| Hpl Development LLCOrganization | Operational / Managerial Control | n/a | 08/15/2006 |
| Masuda, RyuchiIndividual | Operational / Managerial Control | n/a | 02/01/2016 |
Changes of ownership
No change of ownership for this facility appears in the CMS change-of-ownership file, which starts in January 2016.
HUD Section 232 loans
HUD's Office of Healthcare Programs lists these FHA-insured loans for a project we matched to this facility by name, city and bed count. Status, rate and balance come from HUD's insured-mortgage files as of September 30, 2026. Check the FHA number against the loan documents before relying on the match.
| Endorsed | Program | Original amount | Status | FHA number |
|---|---|---|---|---|
| Sep 8, 2026 | 232/ 223(f)/Pur/Refin/ Board + CareHUD project name: Kalakaua Gardens, 156 beds | $51,140,000 | Active: 4.90%, $51,140,000 balanceMatures Oct 1, 2061. Servicer: Vium Capital Mortgage LLC | 14022019 |
Sources and dates
Facility, rating, staffing and ownership data: CMS Provider Information and CMS Ownership, processing date September 2026. Private equity, REIT and mortgage-interest flags and changes of ownership: CMS Skilled Nursing Facility All Owners and Change of Ownership files (2026-10-01). FHA-insured loans: HUD Office of Healthcare Programs endorsement database, data run July 8, 2026. How we join them, and what the join can get wrong: methodology.
SNF Register is independent. It is not affiliated with or endorsed by CMS, HUD or FHA. Spotted an error? Write to hello@hudskillednursing.loan.