MLS Number 202406241 For Sale
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***Investor Alert: Studio Condo in Waikiki's Hale Walina*** Discover investment potential with this well-located studio condo, just a block from the International Marketplace and across from the new Waikiki Market. Originally designed as a one-bedroom unit, it has been smartly converted into an open-plan studio, enhancing its spacious feel and increasing its appeal for long-term tenants. Positioned in the vibrant heart of Waikiki, close to an array of dining, shopping, and beach options, this property is ideally suited for long-term rentals, offering a consistent revenue stream in a high-demand area. Hale Walina's amenities, including a pool and BBQ grill, add to the living experience, making it attractive to potential residents. This condo is available with negotiable furniture, allowing for a quick setup for new tenants. The leasehold expires in September 2034, providing a clear investment timeline. This is an excellent opportunity for investors seeking a steady income property in a prime location. Leasehold Expires 09/2034
| Item | Details (Information deemed reliable, but not guaranteed.) |
|---|---|
| Property Type | Condo/Townhouse |
| Building Name | Hale Walina |
| Unit Number | 43 |
| Bedrooms | studio |
| Full Bathrooms | 1 |
| Interior Living Area | 418 sq. ft.
38.83 sq. m. |
| Open Lanai Area |
52 sq. ft. 4.83 sq. m. |
| Total Area |
470 sq. ft. 43.66 sq. m. |
| Year Built | 1965 |
| Parking Type |
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| Property Condition | Average |
| Unit Features |
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| Views |
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| Inclusions |
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| Flooring |
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| Item | Details (Information deemed reliable, but not guaranteed.) |
|---|---|
| Amenities |
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| Architectural Style |
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| Condo Parking Unit | 0 |
| Construction Materials |
|
| Elevators | 1 |
| Management Company | All Community (tel. 808-524-7704) |
| Owner Occupancy | 38% |
| Security |
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| Stories | 4-7 |
| Attribution Contact | Ohana Investment Realty LLC: |
| Item | Details (Information deemed reliable, but not guaranteed.) |
|---|---|
| Current Price | $150,000 LH - Leasehold |
| Price / Sq. Ft. | $358.85 / Sq. Ft. |
| Land Tenure | LH - Leasehold (Your rent the land underneath.) |
| Lease Expiration | 2034 (in 10 years) |
| Lease Fee Purchase | Not available. |
| Lease Fee Rent | $410 / Month |
| Tax Assessed Value | $296,700 |
| Tax Assessed Value Improvements | $188,100 |
| Tax Assessed Value Land | $108,600 |
| Tax Exemption Owner Occupancy | $160,000 |
| Tax Amount | $25 / Month |
| Tax Year | 2024 |
| TMK (Tax Map Key) | 1-2-6-021-019-0014 |
| Maintenance | $661 / Month |
| Maintenance/SqFt | $243 / Month / Sq. Ft. |
| Total Monthly Fees | $661 / Month |
| Item | Details |
|---|---|
| City | Honolulu |
| Neighborhood | Waikiki |
| Zip Code | 96815 |
| Association Community Name | AOAO Of Hale Walina |
| Zoning | X2 - Apartment Precinct |
| Flood Zone | Zone AE |
| Elementary School | Jefferson |
| Middle School | Washington |
| High School | Kaimuki |
