Hawaii Living

Five Regents #1506 (Salt Lake Honolulu & Moanalua)

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Photo 1 of 2888 Ala Ilima St #1506, Honolulu

2888 Ala Ilima St #1506, Honolulu

Description
Studio at Five Regents offers a great opportunity! Fixed monthly lease rent at only $47 expires in 2078! All lease rents in Hawaii increase periodically and this is the only leasehold property that is fixed for the entire lease term. Amenities include Huge, spacious lobby, rec room, pool, sauna, tennis courts, on-site resident manager and security. Conveniently located near shopping center, restaurants, airport, Hickam, Pearl Harbor, Tripler and Downtown. Full renovation costs for a studio would be $10K-$15K which would still be a better deal than what is on the market and you can decorate to your own taste.
Past Activity
  • Mar 17, 2021 Sold for $140,000
  • Dec 23, 2020 Under Contract
  • Aug 11, 2020 Price $150,000
  • Aug 03, 2020 Price $155,000
  • Jun 30, 2020 Listed at $160,000
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.21
  • Price / ft²: $467
  • Other Condos Price / ft²
  • Cash vs Financing Buyers
  • HOA Fees Include: Other Common Expenses, Sewer, Water
  • Zoning: 12 - A-2 Medium Density Apartme
  • Flood Zone: Zone X
  • Elementary School: Salt Lake
  • Middle School: Moanalua
  • High School: Moanalua
  • View: City, Golf Course, Mountain, Sunrise
  • Furnished: Partial
  • Property Condition: Above Average
  • Owner Occupancy: 47%
  • Management Company: Touchstone Properties
  • Security Features: Key, Keyed Elevator, Security Patrol, Video
  • Amenities: BBQ, Community Laundry, Patio/Deck, Pool on Property, Recreation Area, Resident Manager, Sauna, Security Guard, Trash Chute
  • TMK: 1-1-1-62-24-125
  • Tax Assessed Land: $18,100
  • Tax Assessed Improvements: $203,500
  • Tax Assessed Total: $221,600
  • Courtesy: Ivy K Realty, LLC
  • MLS: 202015193
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on January 16, 2026.Information is deemed reliable but not guaranteed.
Other Five Regents Listings
Leasehold
$150,000
Five Regents #2507
Studio | 1 Ba
300 ft²
Leasehold
$158,000
Five Regents #1512
Studio | 1 Ba
300 ft²
Leasehold
$170,000
Five Regents #1901
Studio | 1 Ba
300 ft²
Leasehold
$185,000
Five Regents #706
Studio | 1 Ba
300 ft²
Other Metro Honolulu Condos
Salt Lake Honolulu & Moanalua
$188,000
Harbour Ridge #302
Studio | 1 Ba
396 ft²
Waikiki
$158,000
Pacific International #303
Studio | 1 Ba
215 ft²
Ala Moana
$165,000
Ala Moana Hotel Condo #954
Studio | 1 Ba
246 ft²
Waikiki
$168,000
Pacific Islander #402
Studio | 1 Ba
198 ft²
Punchbowl
$175,000
Ward Kinau #902
Studio | 1 Ba
290 ft²
Waikiki
$177,000
Pacific Islander #403
Studio | 1 Ba
280 ft²
  • Sold 3/17/21 at $140,000
    (List Price: $150,000)
Description
Studio at Five Regents offers a great opportunity! Fixed monthly lease rent at only $47 expires in 2078! All lease rents in Hawaii increase periodically and this is the only leasehold property that is fixed for the entire lease term. Amenities include Huge, spacious lobby, rec room, pool, sauna, tennis courts, on-site resident manager and security. Conveniently located near shopping center, restaurants, airport, Hickam, Pearl Harbor, Tripler and Downtown. Full renovation costs for a studio would be $10K-$15K which would still be a better deal than what is on the market and you can decorate to your own taste.
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on January 16, 2026.Information is deemed reliable but not guaranteed.
    • Mar 17, 2021 Sold for $140,000
    • Dec 23, 2020 Under Contract
    • Aug 11, 2020 Price $150,000
    • Aug 03, 2020 Price $155,000
    • Jun 30, 2020 Listed at $160,000
    Other Five Regents Listings
    Leasehold
    $150,000
    Five Regents #2507
    Studio | 1 Ba
    300 ft²
    Leasehold
    $158,000
    Five Regents #1512
    Studio | 1 Ba
    300 ft²
    Leasehold
    $170,000
    Five Regents #1901
    Studio | 1 Ba
    300 ft²
    Leasehold
    $185,000
    Five Regents #706
    Studio | 1 Ba
    300 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.
    Leasehold Expiry: 03/31/78
    Buyer and Seller have reached an agreement and are under contract. The sale may be 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.