2888 Ala Ilima Street 1607,Honolulu, HI 96818
Honolulu, HI 96818
Description
Long leasehold through 2078 with a fixed lease rent of just $48/month through the year 2078. Excellent opportunity for a first-time buyer, investor, or convenient Oahu retreat at an affordable price point. This comfortable and well-maintained studio is located on the 16th floor of the popular Five Regents and offers mountain and city views from a large picture window. The kitchen and bathroom have been updated. Five regents feature a wide range of amenities, including a swimming pool, tennis court, BBQ area, recreation and meeting rooms, community laundry, resident manager, ample guest parking, and 24-hour security. Centrally located in Salt Lake with easy access to Tripler Army Medical Center, Pearl Harbor, the airport, Downtown Honolulu and Salt Lake Shopping Center. The current tenant's lease runs through July 2026, and the tenant would like to stay. Current rent is $1,650/month.
Details
| MLS # | 202603404 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Building Name | Five Regents |
| Sub-Type | Resale |
| Status | Active |
| Year | 1978 |
| Days On Site | 191 |
| Listing Provided By | Coldwell Banker Realty | Nancy Chen |
Features
| Bath(s) | 1 Total |
|---|---|
| SQ Feet | 300 |
| Zoning | 12 - A-2 Medium Density Apartme |
| Property View | City, Sunset |
Exterior
| Construction Materials | Concrete |
|---|
Interior
| Inclusions | AC Window Unit, Disposal, Drapes, Intercom, Microwave, Range/Oven, Refrigerator, Smoke Detector |
|---|
Other
| Community Features | Barbecue, Community Pool, Laundry Facilities, Sauna, Tennis Courts, Trash Chute |
|---|---|
| Security Features | Closed Circuit Cameras, Key Card Entry, Security Guard |
Taxes
| Property | 876 |
|---|
Area Information
| State | HI |
|---|---|
| County | Oahu |
| City | Honolulu |
| Zip Code | 96818 |
| Area | Oahu |
| Community Name | SALT LAKE |
| School District | Moanalua |
| Elementary School | Salt Lake |
| High School | Moanalua |
| Listing VS Median (in SALT LAKE) | |
Price: $168,000 low | high Med: $395,000 sqft: 300 low | high Med: 892 $ / sqft: $560 low | high Med: $443 On site: 191 low | high Med: 291 | |
Market Activity 96818
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Learn More About This Property
| State | HI |
|---|---|
| County | Oahu |
| City | Honolulu |
| Zip Code | 96818 |
| Area | Oahu |
| Community Name | SALT LAKE |
| School District | Moanalua |
| Elementary School | Salt Lake |
| High School | Moanalua |
| Listing VS Median (in SALT LAKE) | |
Price: $168,000 low | high Med: $395,000 sqft: 300 low | high Med: 892 $ / sqft: $560 low | high Med: $443 On site: 191 low | high Med: 291 | |