1778 Ala Moana Blvd #2405

Discovery Bay
1778 Ala Moana Blvd #2405
Honolulu, HI 96815

For Sale

Active Under Contract

List Price

$260,000 (LH)

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

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

Parking Stalls:: 1 - Assigned, Covered - 1

MLS #:: 202401753
Island:: Oahu
Region:: Metro Oahu
Neighborhood:: WAIKIKI
TMK:: 1-2-6-012-010-0155

List Date:: January 31, 2024

REMARKS:

Nicely renovated wonderful high floor unit with 1 assigned parking stall on the cool side of the Discovery Bay Endeavor Tower! Freshly painted and updated kitchen and bathroom with washer/dryer is in the unit. A lot of spacious closets. A prime Waikiki resort district, this condo is 24/7 secured Bldg. perfect location close to restaurants, shopping of Waikiki, Ala Moana Shopping Center and beach parks. Amenities included: pool, sauna gym, whirlpool, BBQ and much more. 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 $78, 242.00. 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:: None

Year Built:: 1977
Year Remodeled:: 2024

FINANCIAL INFORMATION:

Assd. Val. Land:: $7,900
Assd. Val. Imprv:: $430,800
Assd. Val. Total:: $438,700

Tax Year:: 2023
Monthly Taxes:: $128
Home Exempt.:: $0

Maintenance Fees:: $533/mo.
Association Fees:: --/mo.
Other Fees:: --/mo.

Land Tenure: Leasehold
Fee Options: Fee Available
Lessor:: Bank of Hawaii Trust

Lease Rent:: 245.00/2039
Next Step-Up:: --/--
2nd Step-Up:: --/--

Fee Purchase:: $78,242
Reneg Date:: --
Lease Exp:: --

SCHOOLS:

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

OTHER PROPERTY FEATURES:

Frontage:: Other
View:: City, Marina/Canal, Mountain, Ocean
Pool:: --
Amenities:: BBQ, Club House, Exercise Room, Heated Pool, Patio/Deck, Pool on Property, Recreation Area, Resident Manager, Restaurant, Sauna, Security Guard, Trash Chute, Whirlpool
Inclusions:: AC Central, Cable TV, Convection Oven, Dishwasher, Disposal, Dryer, Range/Oven, Refrigerator, Smoke Detector, Washer
Security:: Key, Security Patrol, Video
Assn. Fee Inclusions:: Cable TV, Hot Water, Internet Service, Other Common Expenses, Sewer, Water
Other Fee Inclusions:: Lease Rent

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

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
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 Tuesday, April 30, 2024. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of Moana Realty LLC