All Liliuokalani Gardens condo units and Waikiki buildings are unique. We are expert real estate agents who specialize in this market. Contact us when ready.
Amazing investment opportunity! This property is not for owner occupants. Owner is selling only the FEE INTEREST. The leasehold interest is owned by a Japanese corporation that consistently pays the current annual lease rent of $10,817 on time. There will be two more lease rent renegotiations, in 2024 and 2034, before the lease expires 10/31/2039. At lease expiration the fee owner will then own the fee simple interest in this 2-bedroom 2-bath unit and can move in, rent, or sell the unit. Recent fee simple 2-bedroom 2-bath units in this community sold between $615,000 and $632,000, and recent rentals have been $3,000 to $3,500 monthly. Great potential for increased lease rent and appreciation in the remaining 15 years of the lease! During those 15 years the fee owner doesn't have to worry about finding tenants or paying for repairs, maintenance/association fees, property taxes, or any assessments because the leasehold owner is responsible for those expenses. There is no access to see the interior of the unit - leasehold owner has no obligation to provide access. The purchase of this unit will need to be cash or high down payment financing.
HOA Fees Include: AC Central, Cable TV, Hot Water, Internet Service, Sewer, Water, None
Zoning: X2 - Apartment Precinct
Flood Zone: Zone AE
Elementary School: Jefferson
Middle School: Washington
High School: Kaimuki
View: Garden, Marina/Canal
Furnished: Partial
Property Condition: Excellent
Owner Occupancy: 28%
Management Company: Touchstone
Security Features: Key, Keyed Elevator, Security Patrol, Video
Amenities: BBQ, Club House, Community Laundry, Condo Association Pool, Fire Sprinkler, Meeting Room, Pool on Property, Recreation Area, Resident Manager, Security Guard, Tennis Court, Trash Chute, Walking/Jogging Path, Whirlpool
Built in 1984, 385 Units on 25 Floors, 1 & 2BR Floor plans, Pets: No.
Amenities include Clubhouse, BBQ area, Pool, Tennis Courts, Walking/Jogging Path, Recration Area, Whirlpool.
Liliuokalani Gardens is a mix of both leasehold and fee-simple units, though most have bought the fee interest.
About Liliuokalani Gardens The 2 towers of Liliuokalani Gardens in Waikiki are almost a landmark on Ala Wai Blvd. Everyone knows those unique buildings, which stand out among the other square and rectangular structures ..... Read more.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on April 26, 2024. Information is deemed reliable but not guaranteed.
Amazing investment opportunity! This property is not for owner occupants. Owner is selling only the FEE INTEREST. The leasehold interest is owned by a Japanese corporation that consistently pays the current annual lease rent of $10,817 on time. There will be two more lease rent renegotiations, in 2024 and 2034, before the lease expires 10/31/2039. At lease expiration the fee owner will then own the fee simple interest in this 2-bedroom 2-bath unit and can move in, rent, or sell the unit. Recent fee simple 2-bedroom 2-bath units in this community sold between $615,000 and $632,000, and recent rentals have been $3,000 to $3,500 monthly. Great potential for increased lease rent and appreciation in the remaining 15 years of the lease! During those 15 years the fee owner doesn't have to worry about finding tenants or paying for repairs, maintenance/association fees, property taxes, or any assessments because the leasehold owner is responsible for those expenses. There is no access to see the interior of the unit - leasehold owner has no obligation to provide access. The purchase of this unit will need to be cash or high down payment financing.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on April 26, 2024. Information is deemed reliable but not guaranteed.
Built in 1984, 385 Units on 25 Floors, 1 & 2BR Floor plans, Pets: No.
Amenities include Clubhouse, BBQ area, Pool, Tennis Courts, Walking/Jogging Path, Recration Area, Whirlpool.
Liliuokalani Gardens is a mix of both leasehold and fee-simple units, though most have bought the fee interest.
About Liliuokalani Gardens The 2 towers of Liliuokalani Gardens in Waikiki are almost a landmark on Ala Wai Blvd. Everyone knows those unique buildings, which stand out among the other square and rectangular structures ..... 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: 10/31/39
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.
"....generous, beyond measure...." Aloha! We got to the finish line in our long distance transaction, with Tanner Botts, from Hawaii Living, representing us, in the best possible way! Hawaii Living should be your first choice for your local or long distance Real Estate needs.
Tanner was incredible, and generous, beyond measure, ‘with his time and dedication to meet our expectations. Underneath Tanner’s calm, welcoming and confident demeanor and attitude, he is a fierce tiger, perusing all of transactional details while demonstrating the finest elements of a First Rate Real Estate Professional.
This was not, in any way, a simple, straightforward transaction! However Tanner and Hawaii Living, kept all of our transaction timelines and details in focus and with constant communication and dedication to our ever changing transaction, it was as if it were Tanner’s only priority, to stay on track and on time.
Tanner made all of the arrangements for our long distance viewing of the property, in concert with the sellers agent, and made the whole experience as if we were right there in the room with him! It was incredible!!
We highly recommend Tanner Botts and Hawaii Living for your next Real Estate venture.
Mahalo Hawaii Living - Warm Aloha Tanner! Randy Burden and Larry Barnes - Gold River, CA
"....patient and thoughtful...." We have had the pleasure of working with Tanner Botts on two separate transactions (one on the Buy side and one on the Sell side). Tanner was exceptionally professional, responsive and knowledgeable on both transactions. He is patient and thoughtful, always using a measured approach that reassures me whether I am buying a home or selling a home, he has our best interest in mind and not just trying to close a deal. I would not hesitate to use or recommend Tanner for future transactions. Joanne K - Irvine, CA
"....went above and beyond...." When making the decision to purchase in Hawaii for the first time, I was given excellent advice- “Find the best agent”. I did! Tanner Botts was attentive to our needs, always responded in a timely manner (even with the three hour time difference), very informative and has a great knowledge of the area we were interested in. Tanner went above and beyond assisting with walk throughs and other appointments when we were not on the island. I highly recommend Tanner and would absolutely use him again for my next purchase or sale. Teresa R - San Diego, CA
"....outstanding work ethic...." My wife and I wanted to purchase a condo in Waikiki and luckily, we found Tanner Botts. He was so helpful from start to finish. Tanner Botts is, in my opinion, the epitome of what one would expect from a real estate agent, and then some. Tanner Botts showed us so many condos to help us make an informed decision. Even after we had found our ideal condo, he continued to show us other properties to make sure we were happy. Tanner Botts went far and beyond the expectations of the average real estate agent to ensure that his clients were happy. He even assisted in coordinating the renovation of the unit with contractor contacts because we were off island on the mainland. We have already recommended Tanner Botts to family members who plan to purchase property on the island. We have worked with other real estate agents on the mainland who turned out to be a real disappointment, but we are so happy with Tanner Botts. Tanner Botts has an outstanding work ethic and strives to meet the needs of his clients. Honestly, we would love to stay in contact with Tanner as we consider him a friend. Tanner Botts is a real asset to the community and Hawaii Living. Martin Harney - Los Angeles, CA
"....punctual, personable and friendly...." In 40+ years of marriage, we have bought and sold real estate about a dozen times. In each case, the realtor did just what he or she was expected to do, no more - sometimes less. So, when we called Hawaii Living, we didn’t have big expectations. But Tanner turned out to be the best realtor yet. He’s punctual, personable and friendly, and he’s very thorough in getting everything done while remaining low key. He really went above and beyond in helping us through the purchase and adjusting to our new home in a new location. We highly recommend. James Carol White
"....always feel fully informed." Tanner Botts is hands down the best realtor we've ever worked with.
He quickly earned our business by clearly demonstrating that he had listened to - and understood - what we were looking for. Being spread as far as 13 hours apart (!!) during the homebuying process could have led to a great deal of frustration...but Tanner's positive attitude, lightning-quick communication, and willingness to drop everything and head to a property of interest made things surprisingly easy.
He walked us through properties via video chat, going the extra mile to touch and describe surfaces and finishes - as well as offering refreshingly candid opinions - helping us to always feel fully informed.
Rather than checking out once the purchase was on a glide-path (as many realtors we've worked with tend to do..), Tanner maintained clear and regular communication, routinely offering to host conference calls to give us weekly updates and a forecast of upcoming events. At no point did we ever feel that Tanner simply saw us as a transaction.
If we ever purchase or sell another property on Oahu, we will certainly utilize Tanner again! Eric Burg
