Five Regents
2888 Ala Ilima St #604
Honolulu, HI 96818

For Sale
Sold
Sold Price
$173,000 (LH)
List Price
$175,000 (LH)
Property Type:
Condo/Townhouse
Bedrooms:
0
Full Baths:
1
Half Baths:
0
Land Area (sf):
--
Living (sf):
300
Lanai (sf):
--
Other (sf):
--
Parking Stalls:
1 - Assigned, Covered - 1, Garage, Guest, Street
Property Photo
MLS #:
202319784
Island:
Oahu
Region:
Metro Oahu
Neighborhood:
SALT LAKE
TMK:
1-1-1-062-024-0015
List Date:
Date Sold:

REMARKS:

Five Regents is a hidden gem in the heart of Salt Lake. It is a fantastic building for investors or even first time home buyers looking to get into the market. A studio with 1 parking under $200k in Honolulu is rare! The proximity to the airport makes this condo a perfect crash pad for flight attendants and pilots! It is a secure building with fob entry and 24 hr security patrol. This studio features tree top views and is completely renovated with laminate flooring, new cabinets, granite counter tops, newly tiled shower, updated appliances, AC and fresh paint. It includes a covered parking stall plus additional guest parking and first come first serve bike/moped parking. Amenities include a swimming pool, BBQ, meeting room, tennis/pickle ball/basketball court and community laundry. Located across from Moanalua High School, minutes from Downtown Honolulu, the Airport, Pearl Harbor and more! It is a Leasehold property, but it has a long lease with low monthly payments and no step ups in rent or renegotiation until the lease expires in 2078. VA Approved&Lenders can do loans for buyers that qualify. Not to mention pet friendly! A few photos have been virtually staged(enhanced).

PROPERTY INFORMATION:

Zoning:
12 - A-2 Medium Density Apartme
Furnished:
--
Year Built:
1978
Year Remodeled:
--

FINANCIAL INFORMATION:

Assd. Val. Land:
$18,600
Assd. Val. Imprv:
$202,000
Assd. Val. Total:
$220,600
Tax Year:
2023
Monthly Taxes:
$54
Home Exempt.:
$100,000
Maintenance Fees:
$403/mo.
Association Fees:
--/mo.
Other Fees:
--/mo.
Land Tenure
Leasehold
Fee Options
None
Lessor:
Bali Land Associates
Lease Rent:
48.00/2078
Next Step-Up:
--/--
2nd Step-Up:
--/--
Fee Purchase:
--
Reneg Date:
--
Lease Exp:
--

SCHOOLS:

Elem. School:
Salt Lake
Middle School:
Moanalua
High School:
Moanalua

OTHER PROPERTY FEATURES:

Frontage:
--
View:
City, Sunset
Pool:
--
Amenities:
BBQ, Community Laundry, Condo Association Pool, Patio/Deck, Recreation Area, Resident Manager, Security Guard, Tennis Court, Trash Chute, Wall/Fence
Inclusions:
AC Window Unit, Disposal, Drapes, Range Hood, Range/Oven, Refrigerator
Security:
Key, Keyed Elevator, Security Patrol
Assn. Fee Inclusions:
Sewer, Water
Other Fee Inclusions:
Lease Rent
Lot Description:
--
Topography:
--
Number of Stories:
21+
Building Style:
High-Rise 7+ Stories
Property Condition:
Excellent
Construction:
Concrete, Double Wall, Masonry/Stucco
Roofing:
--
Floor Covering:
Laminate
Disclosures:
Pets Allowed (Verify), Property Disclosure Stmt
Possession:
At Closing
Terms Accept.:
Cash, Conventional, VA
Land Recorded:
Land Court
Exclusions:
--
Easements:
--
Set-Backs:
--
Compensation*:
2.5
Compensation Type:
--

* The offer of compensation to cooperating brokers is made only to the Participants and MLS Subscribers of HICMLS or Participants and MLS Subscribers of other Reciprocating Boards as set forth in that certain Multiple Listing Service Reciprocal Agreement, as amended from time to time, which is incorporated herein by reference.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Saturday, April 27, 2024.  Information is deemed reliable but not guaranteed.  Copyright: 2024 by HiCentral MLS, Ltd.  Listing courtesy of BHGRE Advantage Realty