4999 Kahala Ave #222

Kahala Beach
4999 Kahala Ave #222
Honolulu, HI 96816

For Sale

Sold

Sold Price

$107,000 (LH)

List Price

$115,000 (LH)

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

Land Area (sf):: --
Living (sf):: 1,258
Lanai (sf):: 297
Other (sf):: --

Parking Stalls:: 1 - Assigned, Covered - 1, Garage, Guest

MLS #:: 202313103
Island:: Oahu
Region:: Diamond Head
Neighborhood:: WAIALAE G/C
TMK:: 1-3-5-023-002-0063

List Date:: June 05, 2023
Date Sold:: July 07, 2023

REMARKS:

A 2 Bedroom 2 Bathroom condo with covered parking…in Kahala… for $115, 000- ON THE BEACH. You read correctly! This is your invitation to own in the prestigious Kahala Beach Apartments for a fraction of the cost elsewhere. Surrounded by tropical gardens, Unit 222 is private and spacious with easy access to Waialae Country Club, luxurious Kahala Resort and the white sands of Kahala Beach at your doorstep Enjoy the heated pool, exercise room, community library and the safety of 24 hour security and well positioned parking space that accompany this unit. Monthly HOA fee includes all utilities: electric, water/sewer, central AC, and basic cable TV. Lessor’s projected plan is to continue as a rental after lease expiry. Enjoy the Beach and live in prime real estate for pennies. Your chance to enjoy a fabulous lifestyle for 4.5 years Kamehameha Schools lease ends July 15, 2027. We figured out the math : LH purchase + Lease rent of $85.5 per day + utilities $42 per day = 43 months of Kahala Beach Condo living.

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PROPERTY INFORMATION:

Zoning:: 12 - A-2 Medium Density Apartme
Furnished:: Partial

Year Built:: 1966
Year Remodeled:: --

FINANCIAL INFORMATION:

Assd. Val. Land:: $496,700
Assd. Val. Imprv:: $407,000
Assd. Val. Total:: $903,700

Tax Year:: 2023
Monthly Taxes:: $377
Home Exempt.:: $0

Maintenance Fees:: $1,250/mo.
Association Fees:: --/mo.
Other Fees:: --/mo.

Land Tenure: Leasehold
Fee Options: None
Lessor:: BP Bishop Estates

Lease Rent:: 2565.00/2027
Next Step-Up:: --/--
2nd Step-Up:: --/--

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

SCHOOLS:

Elem. School:: --
Middle School:: --
High School:: --

OTHER PROPERTY FEATURES:

Frontage:: Ocean, Sandy Beach
View:: Garden
Pool:: --
Amenities:: Condo Association Pool, Exercise Room, Heated Pool, Meeting Room, Other, Patio/Deck, Pool on Property, Recreation Area, Recreation Room, Resident Manager, Security Guard, Trash Chute
Inclusions:: AC Central, Blinds, Dishwasher, Disposal, Drapes, Dryer, Microwave, Range/Oven, Refrigerator, Washer
Security:: Keyed Elevator, Security Patrol, Video
Assn. Fee Inclusions:: AC Central, Cable TV, Electricity, Hot Water, Internet Service, Marina, Other Common Expenses, Sewer, Water
Other Fee Inclusions:: Lease Rent

Lot Description:: --
Topography:: --
Number of Stories:: 4-7
Building Style:: Low-Rise 6 or Less Stories
Property Condition:: Average
Construction:: Masonry/Stucco, Other, Slab
Roofing:: --
Floor Covering:: Ceramic Tile

Disclosures:: Property Disclosure Stmt
Possession:: At Closing
Terms Accept.:: Cash
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 Compass