MLS Number 202322296 For Sale
Let our Oahu real estate inspire you...
Welcome to this oceanfront Blue Hawaiian Cottage; a great place to live and a wonderful investment opportunity to generate passive income through legal short and long-term rental. It is located in a safe oceanfront building with 24-hour security and an onsite parking garage. The neighborhood is vibrant and convenient with many restaurants and shops within walking distance. With great restrictions placed on Short-term rentals, this apartment became invaluable as it is one of the rare oceanfront properties that can be legally rented on a day-to-day basis. Year-round high rental demand and great reviews from guests for its proximity to the ocean and world-class surf spots. This precious apartment is customized with blue Hawaii decoration, it has a laminated wood floor, a king-size Tempur-Pedic mattress bed and a full-size sofa bed. The lanai looks at the beautiful Hawaiian mountains as the apartment cools by tradewinds. The recently installed air conditioner is fully paid off. Invest in this little gem that is free and clear of any future rental reservations. Start the new year with a great source of passive income.
| Item | Details (Information deemed reliable, but not guaranteed.) |
|---|---|
| Property Type | Condo/Townhouse |
| Building Name | Ilikai Marina |
| Unit Number | 1487 |
| Bedrooms | studio |
| Full Bathrooms | 1 |
| Interior Living Area | 427 sq. ft.
39.67 sq. m. |
| Total Area |
427 sq. ft. 39.67 sq. m. |
| Year Built | 1968 |
| Parking Type |
|
| Property Condition | Excellent |
| Unit Features |
|
| Views |
|
| Inclusions |
|
| Flooring |
|
| Item | Details (Information deemed reliable, but not guaranteed.) |
|---|---|
| Amenities |
|
| Architectural Style |
|
| Condo Parking Unit | 0 |
| Construction Materials |
|
| Management Company | Hawaiian Prop (tel. 808-539-9777) |
| Owner Occupancy | 7% |
| Security |
|
| Stories | 15-20 |
| Attribution Contact | Redfin Corporation: (808) 201-2821 |
| Item | Details (Information deemed reliable, but not guaranteed.) |
|---|---|
| Current Price | $495,000 FS - Fee Simple |
| Price / Sq. Ft. | $1,159.25 / Sq. Ft. |
| Land Tenure | FS - Fee Simple (You own the land.) |
| Tax Assessed Value | $393,500 |
| Tax Assessed Value Improvements | $258,500 |
| Tax Assessed Value Land | $135,000 |
| Tax Exemption Owner Occupancy | $0 |
| Tax Amount | $115 / Month |
| Tax Year | 2023 |
| TMK (Tax Map Key) | 1-2-6-010-002-0179 |
| Maintenance | $600 / Month |
| Maintenance/SqFt | $173 / Month / Sq. Ft. |
| Total Monthly Fees | $656 / Month |
| Monthly Fees Include |
$56:
AC Central, Cable TV, Electricity, Hot Water, Internet Service, Other Common Expenses, Sewer, Water
Call for details. |
| Item | Details |
|---|---|
| City | Honolulu |
| Neighborhood | Waikiki |
| Zip Code | 96815 |
| Zoning | X6 - Resort Mixed Use Precinct |
| Flood Zone | Zone AE |
