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SOLD
MLS: 202427381
Condo: Five Regents #1201
 
Asking Price: $168,000 Leasehold
Sold Price: $157,500
Sold Date: 07/11/2025
Type: Condominium
District: Metro
Address: 2888 Ala Ilima Street, Honolulu, HI
Neighborhood: Salt Lake
Beds: 0   Baths: 1
Living Area: 300 SF
Land Area: 1.15 Acres
View: City,Mountain
Parking: Assigned,Covered - 1,Guest
Amenities: BBQ,Community Laundry,Meeting Room,Other,Pool on Property,Recreation Room,Resident Manager,Sauna,Ten
Days on Market: 396
(The Price of the property was lowered by $10,000 on 03/21/2025)
Year Built: 1978
Zoning: 12 - A-2 Medium Density Apartm
Land Recorded: Land Court
Property Taxes: $69,.13
Assessed Value: $237,000,.00
Assessed Ratio: 70.89%
Listing Courtesy: Top Property Management LLC
Google Map   County Records
 
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$10,000.00 PRICE REDUCTION - MOTIVATED SELLER! Welcome to Five Regents, a prime leasehold property in a vibrant community, offering the perfect blend of comfort, convenience, and recreational amenities. With a leasehold term extending until 2078, this property presents an exceptional investment opportunity, promising great potential with many years remaining on the lease. The studio unit is rental-occupied, collecting a monthly rent of $1400.00 (Tenant's fixed lease ends 01/31/2025). The building boasts many amenities including a pool, sauna, tennis court, basketball hoop, recreation/meeting room, community laundry room, site manager, one assigned covered parking, and guest parking. Electricity is sub-metered for the unit and billed through the monthly maintenance fee statement. Upcoming increases, effective January 2025, for maintenance fees, will be $470.24, and the special assessment will be $110.15 (insurance and reserve fund requirements). Schedule a viewing today!


 
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