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harming studio with a full kitchen and washer/dryer in the unit. Central air, covered parking. Great amenities: hot-tub, pool, BBQ, sauna, fitness rooms, etc. Great investment property or 2nd home. All the units on this floor have high ceiling. Convenient location, across the street from Waikiki Beach, one block from Ala Moana Shopping Center. Central air, covered parking. Convenient location, across the street from Beach. Large sun deck on the 11th floor includes sparkling pool, spacious heated whirlpool, BBQ, exercise rooms,, sauna etc. Discovery Bay AOAO recently finalized agreement regarding purchase of additional leasehold interest to make it a 93.786% fee simple unit. Estimated cost to purchase is $72,522. Easy to see. This is a qualified fee simple building, meaning it will be 100% fee simple in the future. By early 2024, it will be 93.786% fee simple and the lease rent will be only 6.214% of the current lease rent. The remaining 6.214% leasehold will be fee simple in the future according to the information on Discovery Bay website. Please verify. Current fee simple assessed value for the unit is $432,300. The list price is below market value by 50k or more.
What will it cost to own?
 
www.map-embed.com
                     
MLS
Public
Condo/TownhouseCondoProperty Type
Sub Type
1778 Ala Moana Blvd1778 Ala Moana Blvd
Discovery Bay 1015Discovery Bay 1015
Honolulu HI 96815Honolulu Hawaii 96815
Metro WaikikiWaikiki
naAla Wai Elem
naWashington Int
naKaimuki High
Kaimuki-McKinley-RooseveltComplex
Public SchoolsRank
Private SchoolGuide
naMepc Properties Hi
Mepc Properties Hi
Builder
MLS 202321064TMK 1-2-6-12-10-351Property ID
00 Bedrooms
11 Full Baths
00Half Baths
11Total baths
0Rooms
11 Parking
464464 Interior sf
0 Lanai sf
464Total sf
$275,000 9/13/2023Original list
Withdrawn Status
$275,000 List price
LeaseholdLeaseholdTenure
NoFractional
Fee Not AvailableFee Options
72,522Fee purchase
19771977
1977
Year built
naConversion
2018 FullRemodeled
40 %Biennial Reg, § 6.Owner Occupancy
$ 0
$ 0
$ 522
$ 522
Includes:
AOAO fee
AOAO other
Maint fee
AOAO total fees
1010Floor
City View
Land CourtRecorded
Apartment PrecinctAPARTMIXZoning
Zone - AEFlood
naRestrictions
ExcellentCondition
Bedroom on 1st Level
Central AC
Full Bath on 1st Floor
Odd# Unit
Features
VinylFlooring
AC Central
Disposal
Drapes
Dryer
Range/Oven
Refrigerator
Washer
Inclusions
naExclusions
naGuardSecurity
BBQ
Exercise Room
Pool
Recreation Area
Resident Manager
Restaurant
Sauna
Security Guard
Trash Chute
Whirlpool
Amenities
OtherFrontage
High-Rise 7+ StoriesCondo
42 Stories
666 Units
Architecture
naModel
Discovery BaySkyscraper
Above Ground
Concrete
Materials
naStoriesType
Licensed Owner
Listor Owner
Disclosures
10-45Parking stall ID
Building Matrix
Floor Plans
Bank of Hawaii TrustLessor
6/9/2025 $245 mo
8/14/0 $0 mo
8/14/0 $0 mo
8/14/2039
Lease rent
First step up
Second step up
Expires
756758Public Report
Assigned
Covered - 1
Parking
0Guest parking
4Passenger 8
Freight 0
Elevators
naAOAO Name
naAOAO Ph
HawaiianaHawaiiana Mgmt Co LtdManagement Co Name
808-593-9100Management Co Ph
naBuyer Financing
Rbc Mortgage Company1st Mortgagor
120,0001st Mortgage
na2nd Mortgagor
02nd Mortgage
No/naForeclosure/Case#
20232020Property tax year
$ 7,900$ 7,100Land assessed
$ 424,400$ 345,800Building assessed
$ 0$ 0Home owner exemption
$ 432,300$ 352,900Total assessed RPAD
$ 98$ 103Tax per month rates
0Total rent
Building Permits
At ClosingPossession
NoneSpecial
Cash
Conventional
Financing
FullFurnished
NoNew development
MonthlyCost to own estimate:
$ 98Real Property Tax
$ 522Association Fee
$ 245Lease Rent
$ 865Cost to own
(ex Mortgage, Ins & Elec)
9/17/2023Active
naPrice change
naContinue to show
naPending
naTemp withdrawn
naBack on market
10/17/2023Withdrawn
10/17/2023Off market
10/17/2023Status change
naAdvertise
naAuction
Darlene Y S ChunListing Brokerage Firm
9/17/2023Photos uploaded
naSupplement Mod
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Hawaii Home + Commercial LLC
1888 Kalakaua Ave C312, Waikiki, Honolulu, HI 96815
DCCA PV License # RB-20174
 

Click for the BBB Business Review of this Real Estate in Honolulu HI
 
Principal Broker
Robin Charles Glass (R), MBA, eng.
DCCA PV License # RB-20173
Ph: (808) 358-1774
Fax: (866) 925-1467
Email: glassr@hawaiihome.cc
 
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