Hawaii Living

Five Regents #1201 (Salt Lake Honolulu & Moanalua)

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Photo 1 of 2888 Ala Ilima St #1201, Honolulu

2888 Ala Ilima St #1201, Honolulu

Description
$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!
Past Activity
  • Jul 11, 2025 Sold for $157,500
  • May 21, 2025 Under Contract
  • Mar 21, 2025 Price $168,000
  • Mar 19, 2025 Price $177,000
  • Nov 27, 2024 Listed at $178,000
  • May 16, 2023 Sold for $161,500
  • Mar 23, 2023 Under Contract
  • Mar 20, 2023 Listed at $169,000
  • Jul 19, 2017 Sold for $163,000
  • Jun 26, 2017 Under Contract
  • Jun 24, 2017 Listed at $159,990
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.43
  • Price / ft²: $525
  • Other Condos Price / ft²
  • Cash vs Financing Buyers
  • HOA Fees Include: Other Common Expenses, Sewer, Water
  • Zoning: 12 - A-2 Medium Density Apartme
  • Flood Zone: Zone X
  • View: City, Mountain
  • Furnished: Partial
  • Property Condition: Excellent
  • Owner Occupancy: 16%
  • Management Company: Touchstone Properties
  • Security Features: Key, Security Patrol
  • Amenities: BBQ, Community Laundry, Meeting Room, Other, Pool on Property, Recreation Room, Resident Manager, Sauna, Tennis Court, Trash Chute
  • TMK: 1-1-1-62-24-84
  • Tax Assessed Land: $18,600
  • Tax Assessed Improvements: $218,400
  • Tax Assessed Total: $237,000
  • Courtesy: Top Property Management LLC / (808) 277-0652
  • MLS: 202427381
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on January 11, 2026.Information is deemed reliable but not guaranteed.
Other Five Regents Listings
Leasehold
$170,000
Five Regents #1901
Studio | 1 Ba
300 ft²
Leasehold
$158,000
Five Regents #1512
Studio | 1 Ba
300 ft²
Leasehold
$185,000
Five Regents #706
Studio | 1 Ba
300 ft²
Leasehold
$189,000
Five Regents #2809
Studio | 1 Ba
300 ft²
Other Metro Honolulu Condos
Salt Lake Honolulu & Moanalua
$225,000
Harbour Ridge #1607
Studio | 1 Ba
391 ft²
Waikiki
$177,000
Pacific Islander #403
Studio | 1 Ba
280 ft²
Waikiki
$158,000
Pacific International #303
Studio | 1 Ba
215 ft²
Punchbowl
$179,500
Queens Villa #203
1 Bd | 1 Ba
327 ft²
Ala Moana
$190,000
Ala Moana Hotel Condo #2431
Studio | 1 Ba
297 ft²
Punchbowl
$190,000
Ward Kinau #902
Studio | 1 Ba
290 ft²
  • Sold 7/11/25 at $157,500
    (List Price: $168,000)
Description
$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!
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on January 11, 2026.Information is deemed reliable but not guaranteed.
    • Jul 11, 2025 Sold for $157,500
    • May 21, 2025 Under Contract
    • Mar 21, 2025 Price $168,000
    • Mar 19, 2025 Price $177,000
    • Nov 27, 2024 Listed at $178,000
    • May 16, 2023 Sold for $161,500
    • Mar 23, 2023 Under Contract
    • Mar 20, 2023 Listed at $169,000
    • Jul 19, 2017 Sold for $163,000
    • Jun 26, 2017 Under Contract
    • Jun 24, 2017 Listed at $159,990
    Other Five Regents Listings
    Leasehold
    $170,000
    Five Regents #1901
    Studio | 1 Ba
    300 ft²
    Leasehold
    $158,000
    Five Regents #1512
    Studio | 1 Ba
    300 ft²
    Leasehold
    $185,000
    Five Regents #706
    Studio | 1 Ba
    300 ft²
    Leasehold
    $189,000
    Five Regents #2809
    Studio | 1 Ba
    300 ft²
     
    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: 12/31/78
    Buyer and Seller have reached an agreement and are under contract. The sale may be 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 about property tax rates.