2045 Kalakaua Ave #104

Luana Waikiki
2045 Kalakaua Ave #104
Honolulu, HI 96815

For Sale

Sold

Sold Price

$389,000 (FS)

List Price

$389,000 (FS)

Property Type:: Condo/Townhouse
Bedrooms:: 0
Full Baths:: 1
Half Baths:: 0

Land Area (sf):: --
Living (sf):: 307
Lanai (sf):: 93
Other (sf):: --

Parking Stalls:: 0 - None

MLS #:: 202226419
Island:: Oahu
Region:: Metro Oahu
Neighborhood:: WAIKIKI
TMK:: 1-2-6-006-002-0004

List Date:: December 31, 2022
Date Sold:: February 16, 2023

REMARKS:

Are you looking for a property with a history of strong cash flow, something to depreciate on your taxes AND a vacation home all in one? If you answered yes, this is for you! This condo is arguably one of the highest grossing vacation rentals in its price category with an average historic monthly gross income of $5, 575 (see income statements attached). This property is located in the highly desirable Luana Waikiki which is a boutique hotel of just 230 rooms located on Waikiki's famous Kalakaua Strip. The Luana Waikiki is one of only a handful of buildings where you can legally rent out your property on a nightly basis and with the recent law changes, this has made owning these properties much more valuable. The building fronts Ainahau Park which connects directly to Fort DeRussy Beach (one of Waikiki's most pristine beaches). Enjoy fine dining, world-class shopping a block away at luxury row, the Honolulu Zoo, Diamond Head and much more! As of today, there are only approx. 8 other legal vacation rental listings in Waikiki under $400, 000. This number is shockingly low considering the volume of real estate we have in the Waikiki Area. Don't miss out on this opportunity!

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PROPERTY INFORMATION:

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

Year Built:: 1971
Year Remodeled:: --

FINANCIAL INFORMATION:

Assd. Val. Land:: $87,100
Assd. Val. Imprv:: $244,800
Assd. Val. Total:: $331,900

Tax Year:: 2022
Monthly Taxes:: $378
Home Exempt.:: $0

Maintenance Fees:: $761/mo.
Association Fees:: --/mo.
Other Fees:: $82/mo.

SCHOOLS:

Elem. School:: Ala Wai
Middle School:: Washington
High School:: Kaimuki

OTHER PROPERTY FEATURES:

Frontage:: --
View:: City, Sunset
Pool:: --
Amenities:: BBQ, Community Laundry, Condo Association Pool, Exercise Room, Fire Sprinkler, Patio/Deck, Pool on Property, Recreation Area, Restaurant, Valet
Inclusions:: AC Split, Blinds, Cable TV, Kitchenware, Linens, Microwave, Refrigerator, Smoke Detector
Security:: Card, Video
Assn. Fee Inclusions:: Cable TV, Electricity, Hot Water, Internet Service, Other Common Expenses, Sewer, Water
Other Fee Inclusions:: Special Assessment

Lot Description:: --
Topography:: --
Number of Stories:: 15-20
Building Style:: Condotel, High-Rise 7+ Stories
Property Condition:: Excellent, Above Average
Construction:: Above Ground, Concrete, Double Wall
Roofing:: --
Floor Covering:: Ceramic Tile

Disclosures:: Listor Owner, Property Disclosure Stmt, See Remarks
Possession:: 45 Days or Less, At Closing
Terms Accept.:: Cash, Conventional
Land Recorded:: Land Court

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

Compensation*:: 2%
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 Paradise Real Estate Brokers