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MLS: 202427381 (Active - For Sale)Condo: Five Regents #1201
 
Asking Price: $178,000 Leasehold
Lease Expires: 12/31/2078
Type: Condominium
District: Metro
Address: 2888 Ala Ilima Street, Honolulu, HI
Maintenance Fee: 428.00
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: 62
Year Built: 1978
Zoning: 12 - A-2 Medium Density Apartme
Land Recorded: Land Court
Property Taxes: $69
Assessed Value: $237,000
Assessed Ratio: 75.11%
Listing Courtesy: Top Property Management LLC
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All Units For Sale in Five Regents


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!

2 Transaction(s) Found in Sales History
MLS List Date Sold Date List Price Sold Price
20171395506/24/201707/19/2017$159,990$163,000
20230630303/20/202305/16/2023$169,000$161,500

2 Comparable Units Sold in Five Regents (Last 12 months)
Description List Date Sold Date List Price Sold Price
0 Bed 1 Bath01/03/202402/22/2024$179,000$180,000
0 Bed 1 Bath03/09/202404/01/2024$189,900$189,900
Average Price:  $184,950

 
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Copyright: 2015 by the HiCentral MLS, Ltd.
 
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use and may not be used for any purpose other than to identify prospective
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Maui Luxury Real Estate, LLC is a real estate brokerage firm licensed to
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