2470 Kalakaua Ave #504

Waikiki Beach Tower
2470 Kalakaua Ave #504
Honolulu, HI 96815

For Sale

Sold

Sold Price

$500,000 (LH)

List Price

$585,000 (LH)

Property Type:: Condo/Townhouse
Bedrooms:: 2
Full Baths:: 2
Half Baths:: 0

Land Area (sf):: 24,045
Living (sf):: 1,092
Lanai (sf):: 171
Other (sf):: --

Parking Stalls:: 1 - Assigned, Covered - 1

MLS #:: 202018388
Island:: Oahu
Region:: Metro Oahu
Neighborhood:: WAIKIKI
TMK:: 1-2-6-023-007-0006

List Date:: August 03, 2020
Date Sold:: October 05, 2020

REMARKS:

This is your chance to buy into an amazing building across the street from Waikiki Beach. It's one of the few in Waikiki allowing vacation rentals that also features two bedrooms, two baths, a full kitchen, a washer/dryer, and a parking stall. The lease is long (until 2039), and other units that are fee simple are going for well above $1.5 M. Waikiki Beach Tower is a high-quality building with a deluxe hotel operation on site, and amenities including a beautiful pool overlooking the ocean.

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PROPERTY INFORMATION:

Zoning:: X6 - Resort Mixed Use Precinct
Furnished:: Full

Year Built:: 1983
Year Remodeled:: 2018

FINANCIAL INFORMATION:

Assd. Val. Land:: $219,600
Assd. Val. Imprv:: $907,100
Assd. Val. Total:: $1,126,700

Tax Year:: 2019
Monthly Taxes:: $1,345
Home Exempt.:: $0

Maintenance Fees:: $1,794/mo.
Association Fees:: --/mo.
Other Fees:: $334/mo.

Land Tenure: Leasehold
Fee Options: None
Lessor:: Tradewind

Lease Rent:: 756.65/2039
Next Step-Up:: --/--
2nd Step-Up:: --/--

Fee Purchase:: --
Reneg Date:: --
Lease Exp:: --

SCHOOLS:

Elem. School:: Jefferson
Middle School:: Washington
High School:: Kaimuki

OTHER PROPERTY FEATURES:

Frontage:: Ocean
View:: Coastline, Ocean
Pool:: --
Amenities:: BBQ, Concierge, Exercise Room, Meeting Room, Patio/Deck, Pool on Property, Recreation Area, Recreation Room, Valet, Whirlpool
Inclusions:: AC Central, Blinds, Cable TV, Ceiling Fan, Dryer, Linens, Microwave Hood, Range/Oven, Refrigerator, Smoke Detector, Washer
Security:: Key, Keyed Elevator
Assn. Fee Inclusions:: --
Other Fee Inclusions:: --

Lot Description:: --
Topography:: --
Number of Stories:: 21+
Building Style:: Condotel
Property Condition:: Excellent
Construction:: Concrete
Roofing:: --
Floor Covering:: Ceramic Tile, W/W Carpet

Disclosures:: Property Disclosure Stmt
Possession:: 45 Days or Less, At Closing
Terms Accept.:: Cash, Conventional
Land Recorded:: Dual Systems

Exclusions:: --
Easements:: --
Set-Backs:: --

Compensation*:: 3%
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 Thursday, April 25, 2024. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of Locations LLC