Executive Centre #3601

(Downtown Honolulu)

1 / 16
1088 Bishop St #3601, Honolulu
This property was sold July 09, 2019 for $345,000
Address: 1088 Bishop St, Honolulu, HI 96813.

About Executive Centre Downtown Honolulu
The Executive Centre is one of those buildings you probably know well already. With Long's and Ross on its street level, it's a common stop for anyone working downtown. What makes this address stand out even more is it has a very special real estate zoning.

In addition to the obvious commercial spaces, as well as offices, the Executive Centre is also zoned for both residential and short-term rentals, making it the only condotel in the heart of Downtown Honolulu. As of writing, Aqua runs the hotel operations, from front desk to maid service and everything else.

Being mixed-use there are a lot more floor plans than you'd normally expect – around 49, in fact. Generally, you'll find layouts of Studio/1BA of 372 to 400 sq ft, 1BR/1BA(450 to 798 sq ft) and 1BR/1.5BA (967 to 1217 sq ft).

Due to the unusual zoning you'll also find other open layouts with larger dimension  ....click here to read more
Description

Beautiful, high floor apartment with stunning views in a building that allows short term vacation rentals. Unit currently managed by Aston Hotel in the building with current occupancy rate YTD of about 87%. Fantastic income producing investment. FEE SIMPLE so there's no need to bother with the multiple calculations of all the fees involved in buying the fee interest. Elegantly upgraded and furnished to attract hotel guests. Sample Rental income statement available in supplements.

Past Activity
  • Jul 09, 2019 Sold @ $345K
  • May 24, 2019 In Escrow
  • Nov 27, 2018 Price ↓ $375K
  • Oct 16, 2018 Listed @ $395K
More Details
  • HOA Fees / Interior Sf: $1.22
  • Price / Interior Sf: $714
  • HOA Fees Include: AC Central, Cable TV, Hot Water, Other Common Expenses, Sewer, Water
  • Sold Furnished: Fully
  • Owner, Tax & Resale History: Click here
  • MLS: 201827600
  • Occupancy Type: Hotel Rental Pool
  • View: City, Marina/Canal, Mountain
  • Zoning: 34 - BMX-4 Central Business Mix
  • Flood Zone: Zone X
  • Owner Occupancy: 33%
  • Management Company: Aston
  • Security Features: Card, Keyed Elevator, Security Patrol, Video
  • Amenities: Community Laundry, Meeting Room, Pool, Restaurant, Security Guard, Trash Chute, Whirlpool
  • Inclusions: AC Central, Cable TV, Drapes, Microwave, Refrigerator
  • TMK: 1-2-1-12-4-416
  • Tax Assessed Land: $31,300
  • Tax Assessed Improvements: $325,100
  • Tax Assessed Total: $356,400
  • Special Sales Terms: None
  •  
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on July 23, 2019. Information is deemed reliable but not guaranteed.
1088 Bishop St #3601 - listing courtesy BHGRE Advantage Realty.
- We poured our heart into building this website for you! It took time, money, and effort. If you like it, consider working with us. We will not disappoint.
- We update our site every 1 minute.
Address: 1088 Bishop St, Honolulu, HI 96813.

About Executive Centre Downtown Honolulu
The Executive Centre is one of those buildings you probably know well already. With Long's and Ross on its street level, it's a common stop for anyone working downtown. What makes this address stand out even more is it has a very special real estate zoning.

In addition to the obvious commercial spaces, as well as offices, the Executive Centre is also zoned for both residential and short-term rentals, making it the only condotel in the heart of Downtown Honolulu. As of writing, Aqua runs the hotel operations, from front desk to maid service and everything else.

Being mixed-use there are a lot more floor plans than you'd normally expect – around 49, in fact. Generally, you'll find layouts of Studio/1BA of 372 to 400 sq ft, 1BR/1BA(450 to 798 sq ft) and 1BR/1.5BA (967 to 1217 sq ft).

Due to the unusual zoning you'll also find other open layouts with larger dimension  ....click here to read more
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on July 23, 2019. Information is deemed reliable but not guaranteed.
1088 Bishop St #3601 - listing courtesy BHGRE Advantage Realty.
- We poured our heart into building this website for you! It took time, money, and effort. If you like it, consider working with us. We will not disappoint.
- We update our site every 1 minute.
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.
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.
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