Hawaii Living

Luana Waikiki #104 (Waikiki)

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2045 Kalakaua Ave #104, Honolulu

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Description
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!
Past Activity
  • Feb 16, 2023 Sold for $389,000
  • Jan 12, 2023 Under Contract
  • Dec 31, 2022 Listed at $389,000
  • Apr 08, 2022 Sold for $290,000
  • Feb 11, 2022 Under Contract
  • Sep 04, 2021 Price $299,500
  • Sep 03, 2021 Back to Active
  • Aug 26, 2021 Under Contract
  • Jul 07, 2021 Price $289,000
  • Apr 27, 2021 Price $299,000
  • Feb 19, 2021 Listed at $319,000
  • Jul 04, 2020 Off Market
  • Jan 07, 2019 Listed at $310,000
Blog
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $2.75
  • Price / ft²: $1,267
  • Other Condos Price / ft²
  • Cash vs Financing Buyers
  • HOA Fees Include: Cable TV, Electricity, Hot Water, Internet Service, Other Common Expenses, Sewer, Water
  • Zoning: X6 - Resort Mixed Use Precinct
  • Flood Zone: Zone AO
  • Elementary School: Ala Wai
  • Middle School: Washington
  • High School: Kaimuki
  • View: City, Sunset
  • Furnished: Full
  • Property Condition: Excellent,Above Average
  • Owner Occupancy: 1%
  • Management Company: Aqua Aston
  • Security Features: Card, Video
  • Amenities: BBQ, Community Laundry, Condo Association Pool, Exercise Room, Fire Sprinkler, Patio/Deck, Pool on Property, Recreation Area, Restaurant, Valet
  • TMK: 1-2-6-6-2-4
  • Tax Assessed Land: $87,100
  • Tax Assessed Improvements: $244,800
  • Tax Assessed Total: $331,900
  • Courtesy: Paradise Real Estate Brokers / (808) 990-1201
  • MLS: 202226419
Good to Know
Profile
  • Address: 2045 Kalakaua Ave, Honolulu, HI 96815.
  • Built in 1971, with 230 Units over 17 Floors, Studio & 1BR Floor plans, Pets: No.
  • Amenities include Heated Pool, Exercise Room, BBQ, Recreation Area, Concierge, Restaurant.
  • Ft Derussy Park, which the Luana looks out on, is 66 acres of mostly green lawn, trees & tropical flora. Only Kapiolani Park can claim more open space in Waikiki.

About Luana Waikiki
The Luana Waikiki is another of the Waikiki condos that went through condotel conversion in the 1st decade of the 21st Century. They did more than just conv  .....
Read more.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 18, 2024.Information is deemed reliable but not guaranteed.
Other Luana Waikiki Listings
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$395,000
Luana Waikiki #518
Studio | 1 Ba
313 ft²
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Featured
$428,000
Luana Waikiki #816
Studio | 1 Ba
362 ft²
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$430,000
Luana Waikiki #615
Studio | 1 Ba
313 ft²
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$320,000
Luana Waikiki #119
Studio | 1 Ba
313 ft²
Other Condotels
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$399,000
Island Colony #4204
Studio | 1 Ba
292 ft²
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$373,500
Aloha Surf Hotel #1504
Studio | 1 Ba
322 ft²
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$368,000
Hawaiian Monarch #1408
Studio | 1 Ba
255 ft²
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$430,000
Waikiki Grand Hotel #219
Studio | 1 Ba
363 ft²
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$430,000
Royal Garden At Waikiki #1804
Studio | 1 Ba
332 ft²
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$345,000
Palms At Waikiki #914
Studio | 1 Ba
291 ft²
  • Sold 2/16/23 at $389,000
    (List Price: $389,000)
Description
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!
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 18, 2024.Information is deemed reliable but not guaranteed.
    • Feb 16, 2023 Sold for $389,000
    • Jan 12, 2023 Under Contract
    • Dec 31, 2022 Listed at $389,000
    • Apr 08, 2022 Sold for $290,000
    • Feb 11, 2022 Under Contract
    • Sep 04, 2021 Price $299,500
    • Sep 03, 2021 Back to Active
    • Aug 26, 2021 Under Contract
    • Jul 07, 2021 Price $289,000
    • Apr 27, 2021 Price $299,000
    • Feb 19, 2021 Listed at $319,000
    • Jul 04, 2020 Off Market
    • Jan 07, 2019 Listed at $310,000
    Profile
    • Address: 2045 Kalakaua Ave, Honolulu, HI 96815.
    • Built in 1971, with 230 Units over 17 Floors, Studio & 1BR Floor plans, Pets: No.
    • Amenities include Heated Pool, Exercise Room, BBQ, Recreation Area, Concierge, Restaurant.
    • Ft Derussy Park, which the Luana looks out on, is 66 acres of mostly green lawn, trees & tropical flora. Only Kapiolani Park can claim more open space in Waikiki.

    About Luana Waikiki
    The Luana Waikiki is another of the Waikiki condos that went through condotel conversion in the 1st decade of the 21st Century. They did more than just conv  .....
    Read more.
    Other Luana Waikiki Listings
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    $395,000
    Luana Waikiki #518
    Studio | 1 Ba
    313 ft²
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    Featured
    $428,000
    Luana Waikiki #816
    Studio | 1 Ba
    362 ft²
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    $430,000
    Luana Waikiki #615
    Studio | 1 Ba
    313 ft²
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    $320,000
    Luana Waikiki #119
    Studio | 1 Ba
    313 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.