For Sale: Sold

Ilikai Apt Bldg
1777 Ala Moana Blvd #1805
Honolulu, HI 96815

$600,000 (FS)
Sold Price
$595,000 (FS)
List Price
Property Type:
Condo/Townhouse
Bedrooms:
1
Full Baths:
1
Half Baths:
0
Land Area (sf):
125,279
Living (sf):
500
Lanai (sf):
120
Other (sf):
--
Parking Stalls:
0 - None
MLS #:
202306357
TMK:
1-2-6-010-007-0689
List Date:
Island:
Oahu
Region:
Metro Oahu
Neighborhood:
WAIKIKI

REMARKS:

This beautifully decorated unit allows you to enjoy the wonderful healing breezy tradewinds. Imagine looking at the lush Hawaiian mountains while sipping morning coffee on the lanai in this well-decorated and diligently maintained place. Enjoy unique artwork, individually selected furniture, King bed, designer wood coffee table, chairs and a sofabed that will accommodate more guests if needed. The wood floor is cool to the touch, and low maintenance. The split A/C system has been recently installed. Glass sliding doors wheels have been replaced and you can slide them easily and smoothly. The renovated bathroom has been reglazed with quality material that will last for decades. With great restrictions placed on Short-term rentals, this home became invaluable as it is one of the few properties left can be legally rented on a daily basis. This option will give you the freedom to use for yourself or rent it out long-term or short-term. It is a great investment that will produce income for years to come. Pre-pandemic this apartment averaged approx. $57k in rental income and generated $41k during the pandemic. In 2022 it made $51k as the Hawaiian economy recovers at a healthy pace.

PROPERTY INFORMATION:

Zoning:
X6 - Resort Mixed Use Precinct
Furnished:
--
Year Built:
1965
Year Remodeled:
--

FINANCIAL INFORMATION:

Assd. Val. Land:
$122,100
Assd. Val. Imprv:
$370,500
Assd. Val. Total:
$492,600
Tax Year:
2022
Monthly Taxes:
$144
Home Exempt.:
$0
Maintenance Fees:
$633/mo.
Association Fees:
--/mo.
Other Fees:
$54/mo.

SCHOOLS:

Elementary School:
Jefferson
Middle School:
Washington
High School:
Kaimuki

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Monday, May 13, 2024.  Information is deemed reliable but not guaranteed.  Copyright: 2024 by HiCentral MLS, Ltd.  Listing courtesy of Redfin Corporation