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222 Kaiulani Apts #202 (Waikiki)

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222 Kaiulani Ave #202, Honolulu

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Call agent (808) 343-5000 or use contact form.
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Description
Great cash flow opportunity for investors with an estimated depreciation deduction of $8,500/yr to help offset tax from rental income! Property is currently tenant occupied at $3,150/month and rental income could be substantially higher if rented short-term. With this unit having undergone an entire renovation from top to bottom with luxury finishes throughout, this fee simple condo is arguably the best value-buy in Waikiki and the unit commands higher than average rents for the area. The condo is located just 1 block from a brand new grocery store (by Foodland) located on the second level of the Lilia Waikiki building on Kuhio Ave. & Kanekapolei St., and 2 blocks from the brand new Target that just opened at the end of October which is located in the International Market Place. The condo is also located just minutes away from Waikiki Beach, which features countless water sports, sun bathing, snorkeling, catamaran rides, surfing, shopping, entertainment, dining, and so much more!
Recent Activity
  • Dec 02, 2024 Price $394,000
  • Nov 11, 2024 Listed at $399,000
  • Oct 10, 2024 Off Market
  • Sep 03, 2024 Price $399,000
  • Aug 19, 2024 Price $420,000
  • Aug 09, 2024 Price $430,000
  • Jul 19, 2024 Price $435,000
  • Jun 20, 2024 Price $439,000
  • Jun 15, 2024 Price $449,000
  • Jun 07, 2024 Listed at $450,000
  • Jan 12, 2024 Sold for $300,000
  • Dec 06, 2023 Under Contract
  • Oct 18, 2023 Price $315,000
  • Sep 19, 2023 Price $325,000
  • Aug 13, 2023 Listed at $330,000
  • Mar 06, 2015 Sold for $285,000
  • Jan 14, 2015 Under Contract
Past Sales
  • #PH1: 3 Bds | 2 Ba @ $615K (7/12/24)
  • #307: 2 Bds | 1 Ba @ $345K (5/24/24)
  • #202: 2 Bds | 1 Ba @ $300K (1/12/24)
  • #PH4: 3 Bds | 2 Ba @ $457K (7/20/23)
  • #208: 2 Bds | 1 Ba @ $314K (4/19/23)
  • #301: 2 Bds | 1 Ba @ $420K (3/14/23)
  • #503: 2 Bds | 1 Ba @ $295K (9/29/22)
  • #205: 2 Bds | 1 Ba @ $325K (7/14/22)
  • #502: 2 Bds | 1 Ba @ $310K (10/15/21)
  • #303: 2 Bds | 1 Ba @ $285K (10/1/21)
  • #203: 2 Bds | 1 Ba @ $285K (7/12/21)
  • #PH3: 3 Bds | 2 Ba @ $455K (4/21/21)
  • #405: 2 Bds | 1 Ba @ $310K (8/6/20)
  • #504: 2 Bds | 1 Ba @ $404K (2/22/19)
  • #PH 2: 3 Bds | 2 Ba @ $572K (11/9/18)
  • #206: 2 Bds | 1 Ba @ $335K (6/29/17)
  • #201: 2 Bds | 1 Ba @ $325K (3/1/17)
Blog
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.49
  • Price / ft²: $683
  • Other Condos Price / ft²
  • Cash vs Financing Buyers
  • HOA Fees Include: Hot Water, Sewer, Water
  • Year Remodeled: 2024
  • Zoning: X2 - Apartment Precinct
  • Flood Zone: Zone AE
  • Elementary School: Jefferson
  • Middle School: Washington
  • High School: Kaimuki
  • Furnished: Partial
  • Property Condition: Excellent
  • Owner Occupancy: 33%
  • Management Company: Dynamic Property Management
  • Security Features: Key, Keyed Elevator, Video
  • TMK: 1-2-6-21-4-2
  • Tax Assessed Land: $90,600
  • Tax Assessed Improvements: $254,400
  • Tax Assessed Total: $345,000
  • Courtesy: Paradise Real Estate Brokers / (808) 990-1201
  • MLS: 202425986
Ask Tanner a Question
Good to Know
  • Built in 1960, 6 Floors with 36 Units,  2-3BR, Pets: OK (verify).
  • Ameneties include Community laundry, Resident Manager.
  • Secure building with camera.

About 222 Kaiulani Apartments
222 Kaiulani Apartments lies on the part of this street that's just above Kuhio Avenue, where Waikiki begins to feel more like a neighborhood, rather than just a visitor destination. Kaiulani Avenue is one-way here and, although all the buildings on this segment are multi-story, none are true high-rises, keeping it a little more intimate and inviting than other areas.

Let's face it -   .....
Read more.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 19, 2024.Information is deemed reliable but not guaranteed.
Other 222 Kaiulani Apts Listings
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$408,000
222 Kaiulani Apts #507
2 Bds | 1 Ba
577 ft²
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$478,000
222 Kaiulani Apts #208
2 Bds | 1 Ba
630 ft²
Other Waikiki Condos
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$399,000
Ohualani #701
2 Bds | 2 Ba
845 ft²
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$425,000
Monte Vista #1801
2 Bds | 1 Ba
684 ft²
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$429,900
Ala Wai Palms #908
2 Bds | 2 Ba
918 ft²
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$435,000
2121 Ala Wai #1405
2 Bds | 1 Ba
682 ft²
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$439,888
Waikiki Imperial Apts #5C
2 Bds | 1 Ba
680 ft²
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$450,000
  • Asking Price: $394,000
Description
Great cash flow opportunity for investors with an estimated depreciation deduction of $8,500/yr to help offset tax from rental income! Property is currently tenant occupied at $3,150/month and rental income could be substantially higher if rented short-term. With this unit having undergone an entire renovation from top to bottom with luxury finishes throughout, this fee simple condo is arguably the best value-buy in Waikiki and the unit commands higher than average rents for the area. The condo is located just 1 block from a brand new grocery store (by Foodland) located on the second level of the Lilia Waikiki building on Kuhio Ave. & Kanekapolei St., and 2 blocks from the brand new Target that just opened at the end of October which is located in the International Market Place. The condo is also located just minutes away from Waikiki Beach, which features countless water sports, sun bathing, snorkeling, catamaran rides, surfing, shopping, entertainment, dining, and so much more!
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 19, 2024.Information is deemed reliable but not guaranteed.
    • Dec 02, 2024 Price $394,000
    • Nov 11, 2024 Listed at $399,000
    • Oct 10, 2024 Off Market
    • Sep 03, 2024 Price $399,000
    • Aug 19, 2024 Price $420,000
    • Aug 09, 2024 Price $430,000
    • Jul 19, 2024 Price $435,000
    • Jun 20, 2024 Price $439,000
    • Jun 15, 2024 Price $449,000
    • Jun 07, 2024 Listed at $450,000
    • Jan 12, 2024 Sold for $300,000
    • Dec 06, 2023 Under Contract
    • Oct 18, 2023 Price $315,000
    • Sep 19, 2023 Price $325,000
    • Aug 13, 2023 Listed at $330,000
    • Mar 06, 2015 Sold for $285,000
    • Jan 14, 2015 Under Contract
    • Built in 1960, 6 Floors with 36 Units,  2-3BR, Pets: OK (verify).
    • Ameneties include Community laundry, Resident Manager.
    • Secure building with camera.

    About 222 Kaiulani Apartments
    222 Kaiulani Apartments lies on the part of this street that's just above Kuhio Avenue, where Waikiki begins to feel more like a neighborhood, rather than just a visitor destination. Kaiulani Avenue is one-way here and, although all the buildings on this segment are multi-story, none are true high-rises, keeping it a little more intimate and inviting than other areas.

    Let's face it -   .....
    Read more.
    Other 222 Kaiulani Apts Listings
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    $408,000
    222 Kaiulani Apts #507
    2 Bds | 1 Ba
    577 ft²
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    $478,000
    222 Kaiulani Apts #208
    2 Bds | 1 Ba
    630 ft²
    You do not own the land, but have the right to use the land until an expiration year. At expiration the ownership typically reverts back to the land owner.
    Buyer and Seller have reached an agreement and are under contract. However, the sale is still subject to one or more contingencies.
    We have handled many transactions for clients who purchase Hawaii real estate without visiting. By request, we can prepare thorough property videos to ensure you are familiar with every detail necessary. All documents can be signed remotely.
    Buyer and Seller have reached an agreement and are under contract. The sale is expected to close / record soon.
    We will be happy to work with you as a Buyer's agent. Call us to learn more: 808-943-9000.
    Note: A Seller's agent has a fiduciary responsibility towards the Seller. Working with a Buyer's agent objectives and goals are aligned, at no cost to you, the Buyer.
    Other fees could be a special assessment, reserve contributions etc.
    DOM = Days On Market. Our site shows listings immediately. A brand new listing may show DOM 2 or 3 days, if listing agent did not upload the same day listing agreement was executed.
    Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
    Learn about property tax rates.