Hawaii Living

Hawaiian Monarch #3506 (Waikiki)

1 / 23
  • Sold 1/7/22 at $339,000
    (List Price: $339,000)
  • Beds: 1
  • Baths: 2
  • Living: 532 sqft
  • Tenure:Leasehold ?
  • Leasehold Expiry: 06/20/54
  • Lease Rent: $ 325 / month
  • Fee Purchase: $149,902
  • Built: 1979
  • Parking: 0
  • Maint. (HOA) Fees: $779 / month
  • Property Taxes: $123 / month ?
  • Est. Mortgage: $1,143 /mo - adjust loan
  • Time Listed for Sale: 75 days
  • Status: Sold
  • Buy without visiting ?
  • All Hawaiian Monarch condos for sale »
  • All condo hotels for sale »

444 Niu St #3506, Honolulu

This property was sold January 07, 2022 for $339,000
Description
A rare and exciting opportunity to own a high floor, long-term Leasehold investment or vacation property in world famous Waikiki. Fee is available and can convert it into a Fee Simple unit. The lease does not expire until 2056. This unit legally allows vacation rentals, short-term rentals and long-term rentals!!! Turn-Key and ready to rent. Currently being rented through Air BnB. The unit is separated into 2 units (A-Unit & B-Unit), with two distinct key cards to allow maximum privacy for separate renters. The Hawaiian Monarch offers great many amenities including, a giant pool deck, exercise room, and community laundry. Bicycle rentals, convenient stores and various eateries on ground level. Walking distance to Waikiki Beach, Ritz Carlton, Ala Moana Shopping Center, Convention Center, and famous Waikiki Strip and amazing nightlife. Buyers to do their own due diligence on short-term and long-term rentals and income.
Past Activity
  • Jan 07, 2022 Sold for $339,000
  • Nov 15, 2021 In Escrow
  • Nov 03, 2021 Listed at $339,000
More Details
  • Owner, Tax & Resale History: Click here
  • HOA Fees / Interior Sf: $1.46
  • Price / Interior Sf: $637
  • HOA Fees Include: Cable TV, Hot Water, Internet Service, Other Common Expenses, Sewer, Water
  • Zoning: X2 - Apartment Precinct
  • View: City, Golf Course, Mountain, Ocean
  • Owner Occupancy: 8%
  • Management Company: Hawaiiana
  • Security Features: Card, Keyed Elevator, Security Patrol
  • Amenities: BBQ, Community Laundry, Exercise Room, Pool on Property, Resident Manager, Restaurant, Security Guard
  • TMK: 1-2-6-14-32-94
  • Tax Assessed Land: $191,600
  • Tax Assessed Improvements: $231,100
  • Tax Assessed Total: $422,700
  • Courtesy: eXp Realty
  • MLS: 202127232
Blog
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on January 17, 2022. Information is deemed reliable but not guaranteed.
About Hawaiian Monarch
  • Address: 444 Niu St, Honolulu, HI 96815.
  • Built in 1979, 44 Floors with 439 Units, Studio & 1 - 2BR Floor plans, Pets: No.
  • Amenities include Pool, Meeting Room, Security Guard, BBQ Area, Restaurant.
  • Some  units have ocean views to add to their already attractive list of features!

About Hawaiian Monarch
The Hawaiian Monarch is another of the condotel properties that have become more common in and around Waikiki. It's a great way for investors to own not only a piece of Honolulu real estate, but also a part of the tourism business that drives the entire Hawaii economy.

Being a condotel you have the rights to rent your property for short-term stays, instead of the 30-Day minimum other vacation condos fall under. Since most visitors need a place for that shorter term, you're in the best position possible to get that business. Ultimately, though, attracting renters, long or short term, rides a lot on what the building offers. What does the Hawai  ....click here to read more
Description
A rare and exciting opportunity to own a high floor, long-term Leasehold investment or vacation property in world famous Waikiki. Fee is available and can convert it into a Fee Simple unit. The lease does not expire until 2056. This unit legally allows vacation rentals, short-term rentals and long-term rentals!!! Turn-Key and ready to rent. Currently being rented through Air BnB. The unit is separated into 2 units (A-Unit & B-Unit), with two distinct key cards to allow maximum privacy for separate renters. The Hawaiian Monarch offers great many amenities including, a giant pool deck, exercise room, and community laundry. Bicycle rentals, convenient stores and various eateries on ground level. Walking distance to Waikiki Beach, Ritz Carlton, Ala Moana Shopping Center, Convention Center, and famous Waikiki Strip and amazing nightlife. Buyers to do their own due diligence on short-term and long-term rentals and income.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on January 17, 2022. Information is deemed reliable but not guaranteed.
  • Address: 444 Niu St, Honolulu, HI 96815.
  • Built in 1979, 44 Floors with 439 Units, Studio & 1 - 2BR Floor plans, Pets: No.
  • Amenities include Pool, Meeting Room, Security Guard, BBQ Area, Restaurant.
  • Some  units have ocean views to add to their already attractive list of features!

About Hawaiian Monarch
The Hawaiian Monarch is another of the condotel properties that have become more common in and around Waikiki. It's a great way for investors to own not only a piece of Honolulu real estate, but also a part of the tourism business that drives the entire Hawaii economy.

Being a condotel you have the rights to rent your property for short-term stays, instead of the 30-Day minimum other vacation condos fall under. Since most visitors need a place for that shorter term, you're in the best position possible to get that business. Ultimately, though, attracting renters, long or short term, rides a lot on what the building offers. What does the Hawai  ....click here to read more
 
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: 06/20/54
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.