Hawaii Living

Kalakauan #505 (Waikiki)

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1911 Kalakaua Ave #505, Honolulu

Inquire / Showing / Video Tour
Call agent (808) 343-5000 or use contact form.
Waikiki has unique short-term rental rules. We are local real estate agents who know the local market and its regulations very well. Contact us when you are considering purchasing to get the best advice possible.
Description
LEGAL TURN KEY RESORT ZONED VACATION RENTAL. Unit 505 is an approved and registered vacation rental located in the heart of Waikiki with balcony overlooking the main strip of Kalakaua Ave. This boutique 1bd, 1ba unit grossed over 80k in 2023. Verifiable income. All furniture, linens, supplies, etc...can be negotiated and included in the sale of the property for a truly turnkey purchase with immediate turn around and income. Perfect for investors to add to their portfolio or someone looking to start investing in a lucrative side hustle. Excellent proven revenue generator. Owner willing to transition current/future bookings and/or continue management at a discounted management rate. HOA FEE: $795p/mo (includes electric, sewer, water, and trash utilities!!)“All comments, data is provided by seller or seller's representatives. Buyer to confirm all & hold all parties harmless from any discrepancy data in the mls and advertising. Limited Service–Data Entry Addendum signed by seller/s must be signed by buyer/s with Purchase Contract."
Recent Activity
  • Jul 16, 2024 Under Contract
  • Jun 16, 2024 Listed at $436,500
  • Mar 31, 2022 Sold for $348,000
  • Feb 09, 2022 Price $348,000
  • Feb 07, 2022 Under Contract
  • Jan 24, 2022 Listed at $338,000
  • Feb 24, 2020 Sold for $258,000
  • Dec 31, 2019 Under Contract
  • Dec 31, 2019 Listed at $262,500
  • Jul 09, 2018 Off Market
  • Jun 22, 2018 Listed at $248,000
  • Jun 20, 2017 Off Market
  • Jun 06, 2017 Listed at $258,000
  • Jun 28, 2016 Off Market
  • Jun 02, 2016 Listed at $258,000
Past Sales
  • #hidden: 1 Bd | 1 Ba @ $356K (8/5/22)
  • #501: 1 Bd | 1 Ba @ $355K (7/15/22)
  • #304: 1 Bd | 1 Ba @ $340K (6/15/22)
  • #607: 1 Bd | 1 Ba @ $360K (5/20/22)
  • #407: Studio | 1 Ba @ $360K (5/19/22)
  • #505: 1 Bd | 1 Ba @ $348K (3/31/22)
  • #301: 1 Bd | 1 Ba @ $350K (9/2/21)
  • #509: 1 Bd | 1 Ba @ $255K (3/31/21)
  • #404: 1 Bd | 1 Ba @ $255K (3/12/21)
  • #303: 1 Bd | 1 Ba @ $230K (9/10/20)
  • #310: 1 Bd | 1 Ba @ $251K (8/10/20)
  • #511: 1 Bd | 1 Ba @ $230K (10/21/19)
  • #410: 1 Bd | 1 Ba @ $240K (9/13/19)
  • #210: 1 Bd | 1 Ba @ $225K (8/26/19)
  • #504: 1 Bd | 1 Ba @ $215K (8/19/19)
  • #409: 1 Bd | 1 Ba @ $285K (8/19/19)
  • #611: 1 Bd | 1 Ba @ $235K (7/31/19)
  • #312: Studio | 1 Ba @ $220K (6/24/19)
  • #603: 1 Bd | 1 Ba @ $225K (3/6/19)
  • #609: 1 Bd | 1 Ba @ $199K (12/13/18)
  • #604: 1 Bd | 1 Ba @ $212K (10/22/18)
  • #503: 1 Bd | 1 Ba @ $285K (10/12/18)
  • #308: 1 Bd | 1 Ba @ $180K (9/14/18)
  • #608: 1 Bd | 1 Ba @ $205K (7/27/18)
  • #502: 1 Bd | 1 Ba @ $201K (11/22/17)
  • #311: 1 Bd | 1 Ba @ $241K (9/1/17)
  • #405: 1 Bd | 1 Ba @ $94K (2/1/17)
  • #208: 1 Bd | 1 Ba @ $150K (9/28/16)
  • #602: 1 Bd | 1 Ba @ $175K (8/13/15)
  • #206: 1 Bd | 1 Ba @ $208K (8/11/14)
Blog
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $1.82
  • Price / ft²: $999
  • Other Condos Price / ft²
  • Cash vs Financing Buyers
  • HOA Fees Include: Cable TV, Electricity, Gas, Hot Water, Other Common Expenses, Sewer, Water
  • Zoning: X6 - Resort Mixed Use Precinct
  • Flood Zone: Zone AO
  • View: City, Mountain
  • Furnished: Full
  • Property Condition: Above Average
  • Owner Occupancy: 23%
  • Management Company: Hawaiian Properties
  • Security Features: Key, Video
  • Amenities: Community Laundry
  • TMK: 1-2-6-7-4-44
  • Tax Assessed Land: $41,100
  • Tax Assessed Improvements: $289,100
  • Tax Assessed Total: $330,200
  • Courtesy: Nathalie Mullinix R. U., Inc. / (808) 261-0350
  • MLS: 202414350
Ask Tanner a Question
Good to Know
  • Built in 1966, 6 Floors with 63 Units, Studio - 1BR, Pets: No.
  • Ameneties include Community Laundry, Resident Manager.
  • Almost exclusively fee simple with just a few leasehold units, expiry year 2035.

See other Waikiki condos for sale.


The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on July 20, 2024.Information is deemed reliable but not guaranteed.
  • Asking Price: $436,500
Description
LEGAL TURN KEY RESORT ZONED VACATION RENTAL. Unit 505 is an approved and registered vacation rental located in the heart of Waikiki with balcony overlooking the main strip of Kalakaua Ave. This boutique 1bd, 1ba unit grossed over 80k in 2023. Verifiable income. All furniture, linens, supplies, etc...can be negotiated and included in the sale of the property for a truly turnkey purchase with immediate turn around and income. Perfect for investors to add to their portfolio or someone looking to start investing in a lucrative side hustle. Excellent proven revenue generator. Owner willing to transition current/future bookings and/or continue management at a discounted management rate. HOA FEE: $795p/mo (includes electric, sewer, water, and trash utilities!!)“All comments, data is provided by seller or seller's representatives. Buyer to confirm all & hold all parties harmless from any discrepancy data in the mls and advertising. Limited Service–Data Entry Addendum signed by seller/s must be signed by buyer/s with Purchase Contract."
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on July 20, 2024.Information is deemed reliable but not guaranteed.
    • Jul 16, 2024 Under Contract
    • Jun 16, 2024 Listed at $436,500
    • Mar 31, 2022 Sold for $348,000
    • Feb 09, 2022 Price $348,000
    • Feb 07, 2022 Under Contract
    • Jan 24, 2022 Listed at $338,000
    • Feb 24, 2020 Sold for $258,000
    • Dec 31, 2019 Under Contract
    • Dec 31, 2019 Listed at $262,500
    • Jul 09, 2018 Off Market
    • Jun 22, 2018 Listed at $248,000
    • Jun 20, 2017 Off Market
    • Jun 06, 2017 Listed at $258,000
    • Jun 28, 2016 Off Market
    • Jun 02, 2016 Listed at $258,000
    • Built in 1966, 6 Floors with 63 Units, Studio - 1BR, Pets: No.
    • Ameneties include Community Laundry, Resident Manager.
    • Almost exclusively fee simple with just a few leasehold units, expiry year 2035.

    See other Waikiki condos for sale.


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    Kalakauan #501
    1 Bd | 1 Ba
    437 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.
    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 about property tax rates.