| re you looking for a property with a history of strong cash flow and appreciation, something to depreciate on your taxes AND a vacation home all in one? If you answered yes, this is for you! This property is located in the highly desirable Luana Waikiki which is a boutique hotel of just 230 rooms located on Waikiki's famous Kalakaua Strip. People from all over the world understand the value in owning an investment property here in one of the strongest tourism markets on the planet. The Luana Waikiki is one of only a handful of buildings where you can legally rent out your property on a nightly basis and with the recent law changes, this has made owning these properties much more valuable. The building fronts Ainahau Park which connects directly to Fort DeRussy Beach (one of Waikiki's most pristine beaches). Enjoy fine dining, world-class shopping a block away at luxury row, pristine beaches, the Honolulu Zoo, Diamond Head and much more! As of today, there are only approximately 9 other legal vacation rental listings in Waikiki under $400,000. This number is shockingly low considering the volume of real estate we have in the Waikiki Area. Don't miss out on this opportunity! | What will it cost to own? |
| MLS | Public |  | Condo/Townhouse | Condo | Property Type Sub Type | 2045 Kalakaua Ave | 2045 Kalakaua Ave |  | Luana Waikiki 418 | Luana Waikiki 418 | | Honolulu HI 96815 | Honolulu Hawaii 96815 | | Metro Waikiki | Waikiki | | Ala Wai | Ala Wai Elem |  | Washington | Washington Int | | Kaimuki | Kaimuki High | | | Kaimuki-McKinley-Roosevelt | Complex | | Public Schools | Rank | | Private School | Guide | na | Waikiki Terrace Llc Waikiki Terrace Llc | Builder | MLS 202225339 | TMK 1-2-6-6-2-65 | Property ID | 0 | 0 | Bedrooms | 1 | 1 | Full Baths | 0 | 0 | Half Baths | 1 | 1 | Total baths | 0 | | Rooms | 0 | na | Parking | 313 | 313 | Interior sf | 34 | | Lanai sf | 347 | | Total sf | $375,000 12/7/2022 | | Original list | Sold | | Status |
$375,000
| | Sold price | Fee Simple | Fee Simple | Tenure | No | | Fractional | 1971 | 1971 1971 | Year built | na | | Conversion | 0 na | | Remodeled | 1 % | Biennial Reg, § 6. | Owner Occupancy | $ 0 $ 84 $ 679 $ 763 Includes: Special Assessment Cable TV Electricity Hot Water Internet Service Other Common Expenses Sewer Water | | AOAO fee AOAO other Maint fee AOAO total fees | 4 | 6 | Floor | City | | View | Land Court | | Recorded | Resort Hotel Precinct | RESCOM | Zoning | Zone - AO | | Flood | na | | Restrictions | Excellent Above Average | | Condition | Even# Unit | | Features | Other | | Flooring | AC Split Cable TV Drapes Kitchenware Linens Microwave Refrigerator Smoke Detector | | Inclusions | na | | Exclusions | Card Security Patrol Video | None | Security | BBQ Community Laundry CNDAP Exercise Room Fire Sprinkler Meeting Room Patio/Deck Pool Recreation Area Resident Manager Restaurant Security Guard Trash Chute Valet Wall/Fence | | Amenities | na | | Frontage | Condotel High-Rise 7+ Stories | Condo 17 Stories 217 Units | Architecture | na | | Model | | na | Skyscraper | Above Ground Concrete Masonry/Stucco | | Materials | na | | StoriesType | 1031 Exchange Disclosure Stmt See Remarks | | Disclosures | NA | | Parking stall ID  | | | | | | Floor Plans | 0 | 5252 | Public Report | Garage | | Parking | | 0 | Guest parking | 3 | Passenger 2 Freight 1 | Elevators | AOAO Luana Waikiki | | AOAO Name | 808-931-1576 | | AOAO Ph | Aqua Aston | Outrigger Hotels Hawaii | Management Co Name | 808-955-6000 | | Management Co Ph | Conventional | | Buyer Financing | | City Bank | 1st Mortgagor | | 123,200 | 1st Mortgage | | na | 2nd Mortgagor | | 0 | 2nd Mortgage | No/na | | Foreclosure/Case# | 2022 | 2020 | Property tax year | $ 86,900 | $ 93,100 | Land assessed | $ 225,500 | $ 188,100 | Building assessed | $ 0 | $ 0 | Home owner exemption | $ 312,400 | $ 281,200 | Total assessed RPAD | $ 362 | $ 82 | Tax per month rates | 0 | | Total rent | | | Building Permits | 45 Days or Less At Closing | | Possession | None | | Special | Cash Conventional | | Financing | Full | | Furnished | No | | New development | | Monthly | Cost to own estimate: | | $ 362 | Real Property Tax | | $ 763 | Association Fee | | $ 0 | Lease Rent | | $ 1125 | Cost to own (ex Mortgage, Ins & Elec) | 12/7/2022 | | Active | na | | Price change | na | | Continue to show | na | | Pending | na | | Temp withdrawn | na | | Back on market | na | | Withdrawn | 1/12/2023 | | Off market | 1/12/2023 | | Status change | na | | Advertise | na | | Auction | Paradise Real Estate Brokers | Listing Brokerage Firm | 12/7/2022 | | Photos uploaded | 12/15/2022 | | Supplement Mod |
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Hawaii Home + Commercial LLC
Principal Broker
Robin Charles Glass (R), MBA, eng.
Ph: (808) 358-1774
Fax: (866) 925-1467
Email: glassr@hawaiihome.cc
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