Linda McCabe and Erin McCabe with Corcoran Pacific Properties
Hawaii Condo ManiaSOLD! MLS: 202226419 $389,000
Studio with 1 Bath2045 KALAKAUA AVENUE #104
HONOLULU HI 96815MLS: 202226419
Status: SOLD
Closed On: 2023-02-16
Sold Price: $389,000
Sold Price per SqFt: $973
Square Footage: 400Studio
1 Bath
Year Built: 1971
Zip Code: 96815
Listing Remarks
Are you looking for a property with a history of strong cash flow, something to depreciate on your taxes AND a vacation home all in one? If you answered yes, this is for you! This condo is arguably one of the highest grossing vacation rentals in its price category with an average historic monthly gross income of $5,575 (see income statements attached). 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. 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, the Honolulu Zoo, Diamond Head and much more! As of today, there are only approx. 8 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!
Address: 2045 KALAKAUA AVENUE #104 HONOLULU HI 96815
Listing Courtesy of PARADISE REAL ESTATE BROKERS
Condo Mania Agent:
Linda McCabeCorcoran Pacific Properties
Realtor, Broker in Charge
Phone: 808-225-1048
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Listing Details
AREA: Metro NEIGHBORHOOD: WAIKIKI ARCHITECTURAL STYLE: Condotel, High-Rise 7+ Stories PROPERTY TYPE: Condo/Townhouse LAND TENURE: FS - Fee Simple HOA NAME: AOAO Luana Waikiki HOA FEES INCLUDE: Special Assessment MAINTENANCE EXPENSE: $761 BUILDING NAME: Luana Waikiki AMENITIES: BBQ, Community Laundry, Condo Association Pool, Exercise Room, Fire Sprinkler, Patio/Deck, Pool on Property, Recreation Area, Restaurant, Valet UNIT FEATURES: Single Level INCLUSIONS: AC Split, Blinds, Cable TV, Kitchenware, Linens, Microwave, Refrigerator, Smoke Detector FULL BATHROOMS: 1 HALF BATHROOMS: 0 VIEW: City, Sunset FLOORING: Ceramic Tile STORIES TYPE: 15-20 PARKING FEATURES: None PARKING TOTAL: 0 PROPERTY CONDITION: Excellent, Above Average LISTING AGENT: MICAH S GRAFSGAARD LISTING OFFICE: PARADISE REAL ESTATE BROKERS LISTING CONTACT: (808) 990-1201
Property Location: 2045 KALAKAUA AVENUE #104 HONOLULU HI 96815
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Last Updated: 2024-04-24