| MLS: 202603404 (Active - For Sale)Condo: Five Regents #1607 Asking Price: $168,000 Leasehold Lease Expires: 03/31/2078 Type: Condominium District: Metro Address: 2888 Ala Ilima Street, Honolulu, HI Maintenance Fee: 532.00 Neighborhood: Salt Lake Beds: 0 Baths: 1 Living Area: 300 SF Land Area: 1.15 Acres View: City,Sunset Parking: Covered - 1 Amenities: BBQ,Community Laundry,Condo Association Pool,Resident Manager,Sauna,Security Guard,Tennis Court,Tras Days on Market: 97 (The Price of the property was lowered by $12,000 on 05/18/2026) Year Built: 1978 Zoning: 12 - A-2 Medium Density Apartme Land Recorded: Land Court Property Taxes: $73 Assessed Value: $250,000 Assessed Ratio: 67.2% Listing Courtesy: Coldwell Banker Realty | Google Map County Records Add to Watch List Print Version Request Info All Units For Sale in Five Regents |
Long leasehold through 2078 with a fixed lease rent of just $48/month through the year 2078. Excellent opportunity for a first-time buyer, investor, or convenient Oahu retreat at an affordable price point. This comfortable and well-maintained studio is located on the 16th floor of the popular Five Regents and offers mountain and city views from a large picture window. The kitchen and bathroom have been updated. Five regents feature a wide range of amenities, including a swimming pool, tennis court, BBQ area, recreation and meeting rooms, community laundry, resident manager, ample guest parking, and 24-hour security. Centrally located in Salt Lake with easy access to Tripler Army Medical Center, Pearl Harbor, the airport, Downtown Honolulu and Salt Lake Shopping Center. The current tenant's lease runs through July 2026, and the tenant would like to stay. Current rent is $1,650/month.
| MLS | List Date | Sold Date | List Price | Sold Price |
|---|---|---|---|---|
| 202201906 | 02/03/2022 | 08/12/2022 | $170,000 | $160,000 |
9 Comparable Units Sold in Five Regents (Last 12 months)
| Description | List Date | Sold Date | List Price | Sold Price |
|---|---|---|---|---|
| 0 Bed 1 Bath | 01/13/2026 | 03/26/2026 | $150,000 | $143,000 |
| 0 Bed 1 Bath | 11/18/2025 | 01/30/2026 | $155,000 | $155,000 |
| 0 Bed 1 Bath | 11/27/2024 | 07/11/2025 | $168,000 | $157,500 |
| 0 Bed 1 Bath | 11/13/2025 | 03/11/2026 | $170,000 | $150,000 |
| 0 Bed 1 Bath | 06/24/2025 | 10/10/2025 | $175,000 | $168,000 |
| 0 Bed 1 Bath | 12/01/2025 | 02/26/2026 | $175,000 | $165,000 |
| 0 Bed 1 Bath | 01/10/2025 | 09/19/2025 | $178,000 | $175,000 |
| 0 Bed 1 Bath | 06/18/2025 | 12/04/2025 | $185,000 | $185,000 |
| 0 Bed 1 Bath | 07/18/2025 | 08/27/2025 | $185,000 | $185,000 |
| Average Price: | $164,833 | |||
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