2500 Kalakaua Ave #1505

Foster Tower
2500 Kalakaua Ave #1505
Honolulu, HI 96815

For Sale

Sold

Sold Price

$200,000 (LH)

List Price

$200,000 (LH)

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

Land Area (sf):: 39,727
Living (sf):: 529
Lanai (sf):: --
Other (sf):: --

Parking Stalls:: 0 - None

MLS #:: 202204826
Island:: Oahu
Region:: Metro Oahu
Neighborhood:: WAIKIKI
TMK:: 1-2-6-026-014-0078

List Date:: March 14, 2022
Date Sold:: May 03, 2023

REMARKS:

Welcome to paradise! One of the most beautiful studios (Large 529 sqft) in Waikiki. Across the street is world-famous Waikiki Beach which offers amazing ocean views from the unit and the Waikiki lifestyle you have been seeking. Quality features include porcelain tile throughout the entire studio, removal of popcorn ceiling, newer counters, cabinetry, and slider windows (2012) to allow more vistas of the ocean and natural Hawaiian breeze. Short distances to Waikiki Beach, surf spots, Diamond Head, shops, restaurants, and Kapiolani Park to engulf the natural beauty of Oahu and the vacation/second home you have been dreaming of. Foster Tower is a secure-high rise building with 24-hour security, pet-friendly, and in a resort zoned to allow the building min. 30-day rental rule. Leasehold unit with the lease expiring in April of 2034. Portfolio financing is possible through First Hawaiian Bank.

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PROPERTY INFORMATION:

Zoning:: X6 - Resort Mixed Use Precinct
Furnished:: Negotiable

Year Built:: 1962
Year Remodeled:: 2017

FINANCIAL INFORMATION:

Assd. Val. Land:: $18,500
Assd. Val. Imprv:: $398,800
Assd. Val. Total:: $417,300

Tax Year:: 2021
Monthly Taxes:: $123
Home Exempt.:: $0

Maintenance Fees:: $715/mo.
Association Fees:: --/mo.
Other Fees:: --/mo.

Land Tenure: Leasehold
Fee Options: None
Lessor:: Robert J. Thomas

Lease Rent:: 539.54/2034
Next Step-Up:: --/--
2nd Step-Up:: --/--

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

SCHOOLS:

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

OTHER PROPERTY FEATURES:

Frontage:: --
View:: City, Coastline, Ocean
Pool:: --
Amenities:: Community Laundry, Exercise Room, Heated Pool, Patio/Deck, Pool on Property, Recreation Room, Resident Manager, Restaurant, Sauna, Security Guard, Trash Chute
Inclusions:: AC Window Unit, Cable TV, Dishwasher, Disposal, Drapes, Other, Range/Oven, Refrigerator
Security:: Key, Security Patrol, Video
Assn. Fee Inclusions:: Cable TV, Hot Water, 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:: Excellent
Construction:: Concrete
Roofing:: --
Floor Covering:: Ceramic Tile, Other

Disclosures:: Mixed Use OK, Pets Allowed (Verify)
Possession:: 45 Days or Less, 45 Days or More, 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 Friday, April 19, 2024. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of Coldwell Banker Realty