Hawaii Living

Five Regents #2209 (Salt Lake Honolulu & Moanalua)

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Photo 1 of 2888 Ala Ilima St #2209, Honolulu

2888 Ala Ilima St #2209, Honolulu

Description
Priced to sell! Five Regents is a hidden gem in the Salt Lake area of Honolulu. Perfect for first-time homebuyers or investors. This affordable, well-maintained studio/1 bath unit comes with 1 assigned covered parking stall and is under $200k! Pet-friendly (verify), secure building with fob entry and 24-hr security patrol. Additional guest parking and first come, first serve bike/moped parking. Amenities include a swimming pool, sauna, BBQ, meeting/activity area, tennis/basketball court and community laundry. Convenient central location minutes away from Downtown Honolulu, the airport, Pearl Harbor, Hickham AFB, and Tripler Hospital. Maintenance fees are reasonable. This is a Leasehold property, but it has a long lease with low monthly payments. No step-ups in lease fee or renegotiation until the lease expires in 2078. A few photos have been virtually staged (enhanced).
Past Activity
  • Jul 18, 2024 Sold for $165,000
  • May 28, 2024 Under Contract
  • May 24, 2024 Listed at $165,000
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.43
  • Price / ft²: $550
  • 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, Ocean
  • Furnished: Partial
  • Property Condition: Above Average,Average
  • Owner Occupancy: 16%
  • Management Company: Touchstone
  • Security Features: Key, Keyed Elevator, Security Patrol
  • Amenities: BBQ, Community Laundry, Condo Association Pool, Patio/Deck, Recreation Area, Resident Manager, Sauna, Security Guard, Tennis Court
  • TMK: 1-1-1-62-24-212
  • Tax Assessed Land: $18,600
  • Tax Assessed Improvements: $209,200
  • Tax Assessed Total: $227,800
  • Courtesy: Property Profiles, Inc. / (808) 487-9500
  • MLS: 202411777
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 10, 2025.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
$155,000
Five Regents #910
Studio | 1 Ba
300 ft²
Leasehold
$175,000
Five Regents #2309
Studio | 1 Ba
300 ft²
Other Metro Honolulu Condos
Waikiki
$158,000
Pacific International #303
Studio | 1 Ba
215 ft²
Ala Moana
$175,000
Ala Moana Hotel Condo #1337
Studio | 1 Ba
246 ft²
Waikiki
$177,000
Pacific Islander #403
Studio | 1 Ba
280 ft²
Punchbowl
$189,000
Queens Villa #203
1 Bd | 1 Ba
327 ft²
Makiki
$189,000
Punahou Gardens Apts #A713
Studio | 1 Ba
360 ft²
Waikiki
$199,000
Pacific International #904
Studio | 1 Ba
215 ft²
  • Sold 7/18/24 at $165,000
    (List Price: $165,000)
Description
Priced to sell! Five Regents is a hidden gem in the Salt Lake area of Honolulu. Perfect for first-time homebuyers or investors. This affordable, well-maintained studio/1 bath unit comes with 1 assigned covered parking stall and is under $200k! Pet-friendly (verify), secure building with fob entry and 24-hr security patrol. Additional guest parking and first come, first serve bike/moped parking. Amenities include a swimming pool, sauna, BBQ, meeting/activity area, tennis/basketball court and community laundry. Convenient central location minutes away from Downtown Honolulu, the airport, Pearl Harbor, Hickham AFB, and Tripler Hospital. Maintenance fees are reasonable. This is a Leasehold property, but it has a long lease with low monthly payments. No step-ups in lease fee or renegotiation until the lease expires in 2078. A few photos have been virtually staged (enhanced).
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 10, 2025.Information is deemed reliable but not guaranteed.
    • Jul 18, 2024 Sold for $165,000
    • May 28, 2024 Under Contract
    • May 24, 2024 Listed at $165,000
    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
    $155,000
    Five Regents #910
    Studio | 1 Ba
    300 ft²
    Leasehold
    $175,000
    Five Regents #2309
    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: 03/31/78
    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.