1778 Ala Moana Blvd #3515

Discovery Bay
1778 Ala Moana Blvd #3515
Honolulu, HI 96815

For Sale

Active Under Contract

List Price

$275,000 (LH)

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

Land Area (sf):: 84,463
Living (sf):: 464
Lanai (sf):: 0
Other (sf):: --

Parking Stalls:: 1 - Assigned, Covered - 1

MLS #:: 202321428
Island:: Oahu
Region:: Metro Oahu
Neighborhood:: WAIKIKI
TMK:: 1-2-6-012-010-0597

List Date:: September 27, 2023

REMARKS:

Spacious high floor, Fully furnished studio unit with W/D in the unt and assigned a parking stall. Well maintained, secured building with ample of amenities such as pool, fitness, BBQ grills and sauna. Nice Breeze from the mountain, Covenient location, , walking distance to the beach, Waikiki, Ala Moana Shopping Center and beach parks. Discovery Bay AOAO recently finalized agreement regarding purchase of additional leasehold interest to make it a 93.786% fee simple unit. Estimated cost to purchase is $72, 522. This is a qualified fee simple building, meaning it will be 100% fee simple in the future. By early 2024, it will be 93.786% fee simple and the lease rent will be only 6.214% of the current lease rent. The remaining 6.214% leasehold will be fee simple in the future according to the information on Discovery Bay website.

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PROPERTY INFORMATION:

Zoning:: X2 - Apartment Precinct
Furnished:: Full

Year Built:: 1977
Year Remodeled:: 2013

FINANCIAL INFORMATION:

Assd. Val. Land:: $7,900
Assd. Val. Imprv:: $438,200
Assd. Val. Total:: $446,100

Tax Year:: 2023
Monthly Taxes:: $130
Home Exempt.:: $0

Maintenance Fees:: $522/mo.
Association Fees:: --/mo.
Other Fees:: --/mo.

Land Tenure: Leasehold
Fee Options: None
Lessor:: Bank of Hawaii Trust

Lease Rent:: 245.00/2039
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:: --
View:: City, Diamond Head, Marina/Canal, Mountain, Ocean, Sunrise
Pool:: --
Amenities:: BBQ, Exercise Room, Heated Pool, Patio/Deck, Pool on Property, Recreation Area, Resident Manager, Restaurant, Sauna, Security Guard, Trash Chute, Whirlpool
Inclusions:: AC Central, Blinds, Cable TV, Dishwasher, Disposal, Dryer, Kitchenware, Linens, Microwave, Range/Oven, Refrigerator, Smoke Detector, Washer
Security:: Key, Security Patrol, Video
Assn. Fee Inclusions:: AC Central, Cable TV, Hot Water, Sewer, Water
Other Fee Inclusions:: None

Lot Description:: --
Topography:: --
Number of Stories:: 21+
Building Style:: High-Rise 7+ Stories
Property Condition:: Above Average
Construction:: Concrete, Slab
Roofing:: --
Floor Covering:: Ceramic Tile, Other

Disclosures:: Licensed Owner, Listor Owner, Pets Allowed (Verify), Property Disclosure Stmt
Possession:: 45 Days or Less, At Closing
Terms Accept.:: Cash, Conventional
Land Recorded:: Land Court

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

Compensation*:: 3

* 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 Tuesday, November 28, 2023. Information is deemed reliable but not guaranteed. Copyright: 2023 by HiCentral MLS, Ltd. Listing courtesy of Moana Realty LLC