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 re you looking for a property with a history of strong cash flow, something to depreciate on your taxes AND a vacation home all in one? If you answered yes, this is for you! This condo is arguably one of the highest grossing vacation rentals in its price category with an average historic monthly gross income of $5,575 (see income statements attached). 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. 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, the Honolulu Zoo, Diamond Head and much more! As of today, there are only approx. 8 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! Virtual Tour | |||||||||||
 What will it cost to own? | |||||||||||
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MLS | Public |  | |||||||||
| Condo/Townhouse | Condo | Property Type Sub Type | |||||||||
| 2045 Kalakaua Ave | 2045 Kalakaua Ave |  | |||||||||
| Luana Waikiki 104 | Luana Waikiki 104 | ||||||||||
| 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 202226419 | TMK 1-2-6-6-2-4 | Property ID | |||||||||
| 0 | 0 |  Bedrooms | |||||||||
| 1 | 1 |  Full Baths | |||||||||
| 0 | 0 | Half Baths | |||||||||
| 1 | 1 | Total baths | |||||||||
| 0 | Rooms | ||||||||||
| 0 | na |  Parking | |||||||||
| 307 | 307 |  Interior sf | |||||||||
| 93 |  Lanai sf | ||||||||||
| 400 | Total sf | ||||||||||
| $389,000 12/31/2022 | Original list | ||||||||||
| Sold | Status | ||||||||||
| $389,000 |  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 $ 82 $ 761 $ 843 Includes: Special Assessment Cable TV Electricity Hot Water Internet Service Other Common Expenses Sewer Water | AOAO fee AOAO other Maint fee AOAO total fees | ||||||||||
| 1 | 3 | Floor | |||||||||
| City Sunset |  View | ||||||||||
| Land Court | Recorded | ||||||||||
| Resort Hotel Precinct | RESCOM | Zoning | |||||||||
| Zone - AO | Flood | ||||||||||
| na | Restrictions | ||||||||||
| Excellent Above Average | Condition | ||||||||||
| Single Level | Features | ||||||||||
| Ceramic Tile | Flooring | ||||||||||
| AC Split Blinds Cable TV Kitchenware Linens Microwave Refrigerator Smoke Detector | Inclusions | ||||||||||
| na | Exclusions | ||||||||||
| Card Video | None | Security | |||||||||
| BBQ Community Laundry CNDAP Exercise Room Fire Sprinkler Patio/Deck Pool Recreation Area Restaurant Valet | Amenities | ||||||||||
| na | Frontage | ||||||||||
| Condotel High-Rise 7+ Stories | Condo 17 Stories 217 Units | Architecture | |||||||||
| na | Model | ||||||||||
| na | Skyscraper | ||||||||||
| Above Ground Concrete Double Wall | Materials | ||||||||||
| 15-20 | StoriesType | ||||||||||
| Listor Owner Disclosure Stmt See Remarks | Disclosures | ||||||||||
| 0 | Parking stall ID | ||||||||||
| Floor Plans | |||||||||||
| 0 | 5252 | Public Report | |||||||||
| None | 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 | ||||||||||
| Cash | Buyer Financing | ||||||||||
| City Bank | 1st Mortgagor | ||||||||||
| 99,000 | 1st Mortgage | ||||||||||
| na | 2nd Mortgagor | ||||||||||
| 0 | 2nd Mortgage | ||||||||||
| No/na | Foreclosure/Case# | ||||||||||
| 2022 | 2020 | Property tax year | |||||||||
| $ 87,100 | $ 91,300 | Land assessed | |||||||||
| $ 244,800 | $ 190,400 | Building assessed | |||||||||
| $ 0 | $ 0 | Home owner exemption | |||||||||
| $ 331,900 | $ 281,700 | Total assessed RPAD | |||||||||
| $ 378 | $ 336 | Tax per month rates | |||||||||
| 5,575 | 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: | ||||||||||
| $ 378 | Real Property Tax | ||||||||||
| $ 843 | Association Fee | ||||||||||
| $ 0 | Lease Rent | ||||||||||
| $ 1221 | Cost to own (ex Mortgage, Ins & Elec) | ||||||||||
| 12/31/2022 | Active | ||||||||||
| na | Price change | ||||||||||
| na | Continue to show | ||||||||||
| na | Pending | ||||||||||
| na | Temp withdrawn | ||||||||||
| na | Back on market | ||||||||||
| na | Withdrawn | ||||||||||
| 2/16/2023 | Off market | ||||||||||
| 2/16/2023 | Status change | ||||||||||
| 12/31/2022 | Advertise | ||||||||||
| na | Auction | ||||||||||
| Paradise Real Estate Brokers | Listing Brokerage Firm | ||||||||||
| 12/31/2022 | Photos uploaded | ||||||||||
| 12/31/2022 | Supplement Mod | ||||||||||
Hawaii Home + Commercial LLC
1888 Kalakaua Ave C312, Waikiki, Honolulu, HI 96815
DCCA PV License # RB-20174
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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
Robin Charles Glass (R), MBA, eng.
DCCA PV License # RB-20173
Ph: (808) 358-1774
Fax: (866) 925-1467
Email: glassr@hawaiihome.cc
MLS and Public Records Databases synchronized every 15 minutes. Includes information from the Multiple Listing Service of HiCentral MLS, Ltd. IDX information is provided exclusively for consumers` personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the information is deemed reliable but not guaranteed. © 2017 by HiCentral MLS, Ltd.