Hawaii Living

Discovery Bay #2515 (Waikiki)

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  • Asking Price: $185,000
  • Beds: 0
  • Baths: 1
  • Living: 464 sqft
  • Tenure:Leasehold ?
  • Leasehold Expiry: 01/01/39
  • Lease Rent: $ 245 / month
  • Fee Purchase: Not available
  • Built: 1977
  • Parking: 1
  • Maint. (HOA) Fees: $469 / month
  • Property Taxes: $114 / month ?
  • Est. Mortgage: $624 /mo - adjust loan
  • Time Listed for Sale: 9 days
  • Status: Escrow / Under Contract
    (since Jan 20, 2022)
     ?
  • Buy without visiting ?
  • All Discovery Bay condos for sale »
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1778 Ala Moana Blvd #2515, Honolulu

Agency Info

We regret, Hawaii Living is currently unable to assist you with this listing. Feel free to contact listing agent directly:
Emi Koike (RA)
RS-82944
Koyo Realty, Inc.
Phone: (808) 941-0051

Description
Perfect unit to start town life! The buyer/investor agrees to take over the lease and honor the terms the tenant signed Rental income is $1680 per a month until May 20, 2022. We can continue to help you with management of this property if requested. Discovery Bay is located in the center of Waikiki and Ala Moana. Waikiki, Ala Moana Center, marina, beach, many restaurants and shops are in just few steps! This unit is studio comes with 1bathroom/ 1 parking on the cool side of the building "Resolution tower". Comes with central AC, Washer/Dryer in the unit! The seller is listing agent.
Recent Activity
  • Jan 20, 2022 In Escrow
  • Jan 10, 2022 Listed at $185,000
  • Jan 02, 2021 Withdrawn
  • Jun 02, 2020 Price $153,000
  • Feb 17, 2020 Listed at $165,000
  • Mar 20, 2012 Sold for $145,000
  • Feb 17, 2012 In Escrow
  • Jan 27, 2012 Price $145,000
  • Jan 27, 2012 Listed at $185,000
Sold
  • #1818: 1 Beds | 1 Bath @ $230K (1/24/22)
  • #3016: 1 Beds | 1 Bath @ $280K (1/19/22)
  • #3510: Studio | 1 Bath @ $220K (1/14/22)
  • #814: 2 Beds | 2 Baths @ $395K (12/30/21)
  • #3211: 2 Beds | 2 Baths @ $511K (12/28/21)
  • #2717: 1 Beds | 1 Bath @ $217K (12/17/21)
  • #2410: Studio | 1 Bath @ $210K (12/13/21)
  • #802: 1 Beds | 1 Bath @ $200K (12/10/21)
  • #4103: 1 Beds | 1 Bath @ $328K (12/6/21)
  • #1811: 2 Beds | 2 Baths @ $418K (12/3/21)
  • #3314: 2 Beds | 2 Baths @ $480K (12/2/21)
  • #1118: 1 Beds | 1 Bath @ $249K (11/30/21)
  • #3220: Studio | 1 Bath @ $212K (11/23/21)
  • #1519: 1 Beds | 1 Bath @ $285K (11/18/21)
  • #2906: 1 Beds | 1 Bath @ $275K (11/16/21)
  • #2716: 1 Beds | 1 Bath @ $299K (11/9/21)
  • #1902: 1 Beds | 1 Bath @ $255K (11/5/21)
  • #3620: Studio | 1 Bath @ $212K (11/5/21)
  • #2408: 1 Beds | 1 Bath @ $255K (11/5/21)
  • #1919: 1 Beds | 1 Bath @ $299K (11/2/21)
  • #PH11: 1 Beds | 1 Bath @ $725K (10/15/21)
  • #2306: 2 Beds | 2 Baths @ $260K (10/15/21)
  • #2304: 2 Beds | 2 Baths @ $400K (9/30/21)
  • #3602: 1 Beds | 1 Bath @ $335K (9/16/21)
  • #3216: 1 Beds | 1 Bath @ $265K (9/16/21)
  • #4018: 1 Beds | 1 Bath @ $226K (9/7/21)
  • #2307: 1 Beds | 1 Bath @ $250K (8/16/21)
  • #1409: 1 Beds | 1 Bath @ $280K (7/21/21)
  • #1712: 1 Beds | 1 Bath @ $310K (7/21/21)
  • #PH3: 2 Beds | 2 Baths @ $675K (7/14/21)
  • #1801: 2 Beds | 2 Baths @ $410K (5/28/21)
  • #1914: 2 Beds | 2 Baths @ $346K (5/25/21)
  • #2814: 2 Beds | 2 Baths @ $375K (5/24/21)
  • #1713: 1 Beds | 1 Bath @ $270K (5/17/21)
  • #2502: 1 Beds | 1 Bath @ $292K (5/11/21)
  • #1211: 2 Beds | 2 Baths @ $400K (4/30/21)
  • #3213: 1 Beds | 1 Bath @ $260K (4/30/21)
  • #1514: 2 Beds | 2 Baths @ $400K (4/28/21)
  • #3410: Studio | 1 Bath @ $248K (4/19/21)
  • ##4007: 1 Beds | 1 Bath @ $209K (3/22/21)
  • #3017: 1 Beds | 1 Bath @ $230K (3/22/21)
  • #3812: 1 Beds | 1 Bath @ $235K (3/12/21)
  • #915: Studio | 1 Bath @ $164K (3/5/21)
  • #2416: 1 Beds | 1 Bath @ $215K (3/4/21)
  • #1006: 1 Beds | 1 Bath @ $183K (2/19/21)
  • #1711: 2 Beds | 2 Baths @ $375K (2/19/21)
  • #3903: 1 Beds | 1 Bath @ $265K (2/10/21)
  • #3011: 2 Beds | 2 Baths @ $400K (12/31/20)
  • #3704: 2 Beds | 2 Baths @ $400K (12/18/20)
  • #3513: 1 Beds | 1 Bath @ $240K (12/14/20)
More Details
  • Owner, Tax & Resale History: Click here
  • HOA Fees / Interior Sf: $1.01
  • Price / Interior Sf: $399
  • HOA Fees Include: Cable TV, Hot Water, Internet Service, Sewer, Water
  • Zoning: X2 - Apartment Precinct
  • Elementary School: Ala Wai
  • Middle School: Washington
  • High School: Kaimuki
  • View: City, Mountain
  • Owner Occupancy: 63%
  • Management Company: Hawaiiana
  • Security Features: Key, Security Patrol
  • Amenities: BBQ, Exercise Room, Heated Pool, Meeting Room, Patio/Deck, Recreation Area, Restaurant, Sauna, Security Guard, Trash Chute, Whirlpool
  • TMK: 1-2-6-12-10-497
  • Tax Assessed Land: $7,300
  • Tax Assessed Improvements: $334,400
  • Tax Assessed Total: $341,700
  • Courtesy: Koyo Realty, Inc.
  • MLS: 202200601
Blog
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on January 26, 2022. Information is deemed reliable but not guaranteed.
Other Discovery Bay Listings
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Leasehold
$225,000
Discovery Bay #3215
Studio | 1 BaBa
464 sqft
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Leasehold
$235,000
Discovery Bay #2715
Studio | 1 BaBa
464 sqft
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Leasehold
$518,000
Discovery Bay #3514
2 BdsBd | 2 BaBa
1,003 sqft
About Discovery Bay
  • Address: 1778 Ala Moana Blvd, Honolulu, HI 96815.
  • Built in 1977 with 633 Units on 42  Floors, Studio & 1 to 3BR Floor plans, Pets: OK (verify).
  • Amenities include Pool, Exercise Room, Sauna, BBQ Area, Many restaurants on bottom floors.
  • The homeowners' association has purchased a 62% interest in the Fee.

Updates
The AOAO at Discovery Bay has an approximate 62% interest in the land and there are ~6 other interested parties holding the remaining 38% interest in the land. The AOAO is interested in buying these parties out, which, if successful, would give the AOAO an ability to work towards offering the owners the fee.
Upon lease expiry - year 2039 - all parties with an interest in the land have to come to an agreement. Since the owners have an interest in the fee, they cannot be asked to vacate their unit, as is the case with many leasehold properties. 

About Discovery Bay
The Discovery Bay condo is another of Waikiki's dual streng  ....click here to read more
Other Waikiki Condos
Royal Kuhio
1 Beds | 1 Baths
436 sqft
Waikiki Sunset #2310
1 Beds | 1 Baths
534 sqft
Waikiki Banyan #607-1
1 Beds | 1 Baths
533 sqft
Waikiki Lanais #705
1 Beds | 1 Baths
645 sqft
411 Kaiolu #305
1 Beds | 1 Baths
479 sqft
Ainahau Gardens #310
0 Beds | 1 Baths
300 sqft
  • Asking Price: $185,000
Description
Perfect unit to start town life! The buyer/investor agrees to take over the lease and honor the terms the tenant signed Rental income is $1680 per a month until May 20, 2022. We can continue to help you with management of this property if requested. Discovery Bay is located in the center of Waikiki and Ala Moana. Waikiki, Ala Moana Center, marina, beach, many restaurants and shops are in just few steps! This unit is studio comes with 1bathroom/ 1 parking on the cool side of the building "Resolution tower". Comes with central AC, Washer/Dryer in the unit! The seller is listing agent.
Agency Info

We regret, Hawaii Living is currently unable to assist you with this listing. Feel free to contact listing agent directly:
Emi Koike (RA)
RS-82944
Koyo Realty, Inc.
Phone: (808) 941-0051

    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on January 26, 2022. Information is deemed reliable but not guaranteed.
    • Jan 20, 2022 In Escrow
    • Jan 10, 2022 Listed at $185,000
    • Jan 02, 2021 Withdrawn
    • Jun 02, 2020 Price $153,000
    • Feb 17, 2020 Listed at $165,000
    • Mar 20, 2012 Sold for $145,000
    • Feb 17, 2012 In Escrow
    • Jan 27, 2012 Price $145,000
    • Jan 27, 2012 Listed at $185,000
    • Address: 1778 Ala Moana Blvd, Honolulu, HI 96815.
    • Built in 1977 with 633 Units on 42  Floors, Studio & 1 to 3BR Floor plans, Pets: OK (verify).
    • Amenities include Pool, Exercise Room, Sauna, BBQ Area, Many restaurants on bottom floors.
    • The homeowners' association has purchased a 62% interest in the Fee.

    Updates
    The AOAO at Discovery Bay has an approximate 62% interest in the land and there are ~6 other interested parties holding the remaining 38% interest in the land. The AOAO is interested in buying these parties out, which, if successful, would give the AOAO an ability to work towards offering the owners the fee.
    Upon lease expiry - year 2039 - all parties with an interest in the land have to come to an agreement. Since the owners have an interest in the fee, they cannot be asked to vacate their unit, as is the case with many leasehold properties. 

    About Discovery Bay
    The Discovery Bay condo is another of Waikiki's dual streng  ....click here to read more
    Other Discovery Bay Listings
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    Leasehold
    $225,000
    Discovery Bay #3215
    Studio | 1 BaBa
    464 sqft
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    Leasehold
    $235,000
    Discovery Bay #2715
    Studio | 1 BaBa
    464 sqft
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    Leasehold
    $518,000
    Discovery Bay #3514
    2 BdsBd | 2 BaBa
    1,003 sqft
    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.
    Leasehold Expiry: 01/01/39
    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 more about Oahu property taxes here.