We are expert real estate agents and have sold many condos in Luana Waikiki. We would be happy to assist you too.
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!
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
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 November 17, 2024.Information is deemed reliable but not guaranteed.
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 November 17, 2024.Information is deemed reliable but not guaranteed.
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.
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.
