For Sale: Sold

Luana Waikiki
2045 Kalakaua Ave #418
Honolulu, HI 96815

$375,000 (FS)
Sold Price
$375,000 (FS)
List Price
Property Type:
Condo/Townhouse
Bedrooms:
0
Full Baths:
1
Half Baths:
0
Land Area (sf):
--
Living (sf):
313
Lanai (sf):
34
Other (sf):
--
Parking Stalls:
0 - Garage
MLS #:
202225339
TMK:
1-2-6-006-002-0065
List Date:
Island:
Oahu
Region:
Metro Oahu
Neighborhood:
WAIKIKI

REMARKS:

Are you looking for a property with a history of strong cash flow and appreciation, something to depreciate on your taxes AND a vacation home all in one? If you answered yes, this is for you! 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. People from all over the world understand the value in owning an investment property here in one of the strongest tourism markets on the planet. 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, pristine beaches, the Honolulu Zoo, Diamond Head and much more! As of today, there are only approximately 9 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!

PROPERTY INFORMATION:

Zoning:
X6 - Resort Mixed Use Precinct
Furnished:
Full
Year Built:
1971
Year Remodeled:
--

FINANCIAL INFORMATION:

Assd. Val. Land:
$86,900
Assd. Val. Imprv:
$225,500
Assd. Val. Total:
$312,400
Tax Year:
2022
Monthly Taxes:
$362
Home Exempt.:
NA
Maintenance Fees:
$679/mo.
Association Fees:
--/mo.
Other Fees:
$84/mo.

SCHOOLS:

Elementary School:
Ala Wai
Middle School:
Washington
High School:
Kaimuki

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Thursday, February 22, 2024.  Information is deemed reliable but not guaranteed.  Copyright: 2024 by HiCentral MLS, Ltd.  Listing courtesy of Paradise Real Estate Brokers