Legal vacation rental with great bookings, bringing in very strong rental income and 70-77% booking rates the last 3 years. Income before HOA and property taxes (with misc GET, TAT, OTAT, management fees, etc already accounted for): 2023 - $83,110.34, 2024 -$101,843.26, 2025 - $77,843.16. Direct views of Hawaiian sunsets, sailboats, and the Pacific Ocean...this what this amazing income producing corner unit at the Ilikai offers. The -10 stack looks straight out at the horizon and high enough to offer a blend of cool blue ocean and soothing green treetop views. At 1000sf, this 2-bedroom, 2-bathroom layout features an expansive living room to maximize light and ocean views flanked by two en suites at opposite ends of the unit. An open kitchen also looks out to the boat harbor and two large lanais offer outdoor living space as well. Resilient tile floors throughout, stainless steel kitchen appliances, and cooled by split A/C's. Fully furnished and currently in a vacation rental pool with fantastic bookings. Here is your opportunity to own your piece of paradise while subsidizing the cost!
| MLS # | 202528113 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Building Name | Ilikai Apt Bldg |
| Sub-Type | Resale |
| Status | Active |
| Year | 1965 |
| Days On Site | 247 |
| Listing Provided By | Compass | James S Chan |
| Bed(s) | 2 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 1,000 |
| Zoning | X6 - Resort Mixed Use Precinct |
| Property View | Canal, Ocean, Sunset |
| Construction Materials | Double Wall, Concrete |
|---|
| Inclusions | AC Split, Blinds, Cable TV, Dishwasher, Disposal, Microwave Hood, Range/Oven, Refrigerator |
|---|
| Community Features | Concierge, Deck Porch, Laundry Facilities, Patio, Pool, Restaurant |
|---|---|
| Security Features | Closed Circuit Cameras, Fire Sprinkler System, Security Guard |
| Property | 26245 |
|---|
| State | HI |
|---|---|
| County | Oahu |
| City | Honolulu |
| Zip Code | 96815 |
| Area | Oahu |
| Community Name | WAIKIKI |
| Listing VS Median (in WAIKIKI) | |
Price: $1,575,000 low | high Med: $449,000 sqft: 1,000 low | high Med: 546 $ / sqft: $1,575 low | high Med: $822 On site: 247 low | high Med: 283 | |
| State | HI |
|---|---|
| County | Oahu |
| City | Honolulu |
| Zip Code | 96815 |
| Area | Oahu |
| Community Name | WAIKIKI |
| Listing VS Median (in WAIKIKI) | |
Price: $1,575,000 low | high Med: $449,000 sqft: 1,000 low | high Med: 546 $ / sqft: $1,575 low | high Med: $822 On site: 247 low | high Med: 283 | |