MLS Number 202106989 For Sale

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This listing is to purchase the Lease Fee interest only. The leasehold interest is separate sale (currently listed, see Mls #202127209). If buyer purchases both this Lease Fee and the Leasehold interest, together they will make it fee simple. In 2036, when lease expires, Fee Owner may to take possession of the unit. Current lease rent (income) is $2,522/year through 2026. This Amount Is Expected To Increase After Renegotiations. Prefer Escrow Officer Staci Matsunaga at Old Republic Title Bishop Street. Lease No: 24,300-062. Buyer to cover all closing costs. The Buyer should perform appropriate due diligence regarding all aspects of the leasehold unit. The lease fee sale is subject to right of first refusal held by the homeowners association. Please see supplements for additional information. Listing information courtesy of BHGRE Advantage Realty

Item Details (Information deemed reliable, but not guaranteed.)
Property Type Condo/Townhouse
Building Name Waiau Garden Villa
Unit Number 62
Bedrooms 2
Full Bathrooms 2
Interior Living Area 926 sq. ft.
86.03 sq. m.
Open Lanai Area 58 sq. ft.
5.39 sq. m.
Total Area 984 sq. ft.
91.42 sq. m.
Year Built 1980
Parking Total 1
Parking Type
  • Assigned
  • Street
Property Condition Average
Unit Features
  • Even# Unit
  • Single Level
Views
  • None
Inclusions
  • None
Exclusions
  • Other
Flooring
  • Other
Item Details (Information deemed reliable, but not guaranteed.)
Amenities
  • BBQ
  • Community Association Pool
  • Resident Manager
Architectural Style
  • Townhouse
Condo Parking Unit 23
Construction Materials
  • Double Wall
Management Company Hawaiiana (tel. 808-539-9100)
Owner Occupancy 60%
Item Details (Information deemed reliable, but not guaranteed.)
Current Price $400,000 LH - Leasehold
Price / Sq. Ft. $431.97 / Sq. Ft.
Land Tenure LH - Leasehold (Your rent the land underneath.)
Lease Expiration 2036 (in 14 years)
Lease Renegotiation Date 2026-01-21 (in 4 years)
Lease Fee Purchase $350,000
Lease Fee Rent $210 / Month
Tax Assessed Value $364,200
Tax Assessed Value Improvements $163,100
Tax Assessed Value Land $201,100
Tax Exemption Owner Occupancy $0
Tax Amount $109 / Month
Tax Year 2021
TMK (Tax Map Key) 1-9-8-059-004-9962
Maintenance $473 / Month
Maintenance/SqFt $-453 / Month / Sq. Ft.
Total Monthly Fees $473 / Month
Item Details
City Pearl City
Neighborhood Waiau
Zip Code 96782
Zoning 11 - A-1 Low Density Apartment
Flood Zone Zone X
Elementary School Waiau
Middle School Highlands
High School Pearl City

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Contact Request

Hi, I'm Sachiko Trillo, Oahu Realtor.

The idea of buying Oahu real estate can be overwhelming at times. I completely understand!

That's why, as your Realtor, I will:

  1. Take time to Listen carefully to you about your ideal home or condo.
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  3. Guide you, step-by-step, through the entire purchase process.
Sachiko Trillo, Realtor

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