Hawaii Living

Luana Waikiki #104 (Waikiki)

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Photo 1 of 2045 Kalakaua Ave #104, Honolulu

2045 Kalakaua Ave #104, Honolulu

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Description
Are you looking for a property with a history of strong cash flow, something to depreciate on your taxes AND a vacation home all in one? If you answered yes, this is for you! This condo is arguably one of the highest grossing vacation rentals in its price category with an average historic monthly gross income of $5,575 (see income statements attached). This property is located in the highly desirable Luana Waikiki which is a boutique hotel of just 230 rooms located on Waikiki's famous Kalakaua Strip. The Luana Waikiki is one of only a handful of buildings where you can legally rent out your property on a nightly basis and with the recent law changes, this has made owning these properties much more valuable. The building fronts Ainahau Park which connects directly to Fort DeRussy Beach (one of Waikiki's most pristine beaches). Enjoy fine dining, world-class shopping a block away at luxury row, the Honolulu Zoo, Diamond Head and much more! As of today, there are only approx. 8 other legal vacation rental listings in Waikiki under $400,000. This number is shockingly low considering the volume of real estate we have in the Waikiki Area. Don't miss out on this opportunity!
Past Activity
  • Feb 16, 2023 Sold for $389,000
  • Jan 12, 2023 Under Contract
  • Dec 31, 2022 Listed at $389,000
  • Apr 08, 2022 Sold for $290,000
  • Feb 11, 2022 Under Contract
  • Sep 04, 2021 Price $299,500
  • Sep 03, 2021 Back to Active
  • Aug 26, 2021 Under Contract
  • Jul 07, 2021 Price $289,000
  • Apr 27, 2021 Price $299,000
  • Feb 19, 2021 Listed at $319,000
  • Jul 04, 2020 Off Market
  • Jan 07, 2019 Listed at $310,000
Blog
More Details
  • Owner, Tax & Resale History
  • HOA Fees / ft²: $2.75
  • Price / ft²: $1,267
  • Other Condos Price / ft²
  • Cash vs Financing Buyers
  • HOA Fees Include: Cable TV, Electricity, Hot Water, Internet Service, Other Common Expenses, Sewer, Water
  • Zoning: X6 - Resort Mixed Use Precinct
  • Flood Zone: Zone AO
  • Elementary School: Ala Wai
  • Middle School: Washington
  • High School: Kaimuki
  • View: City, Sunset
  • Furnished: Full
  • Property Condition: Excellent,Above Average
  • Owner Occupancy: 1%
  • Management Company: Aqua Aston
  • Security Features: Card, Video
  • Amenities: BBQ, Community Laundry, Condo Association Pool, Exercise Room, Fire Sprinkler, Patio/Deck, Pool on Property, Recreation Area, Restaurant, Valet
  • TMK: 1-2-6-6-2-4
  • Tax Assessed Land: $87,100
  • Tax Assessed Improvements: $244,800
  • Tax Assessed Total: $331,900
  • Courtesy: Paradise Real Estate Brokers / (808) 990-1201
  • MLS: 202226419
About Luana Waikiki
  • Address: 2045 Kalakaua Ave, Honolulu, HI 96815.
     
  • Built: 1971, 230 Units, 17 Floors, Studio & 1BR, Pets: No.
     
  • Amenities: Pool, Exercise Room, BBQ, Recreation Area.
     
  • Short-term Vacation Renting: Allowed.

Luana Waikiki, a condotel converted in the early 2000s with a major remodel by Wayne Parker Interior Design, sits on Kalakaua Ave next to the 66-acre Fort DeRussy Park, offering views of green lawns, tropical flora, and the ocean from higher floors. The building is home to a casual eatery.

Units
Mostly studios, some 1BRs, and a few 2BR

  ... Read more
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 22, 2025.Information is deemed reliable but not guaranteed.
Other Luana Waikiki Listings
$390,000
Luana Waikiki #818
Studio | 1 Ba
313 ft²
$385,000
Luana Waikiki #802
Studio | 1 Ba
313 ft²
$395,000
Luana Waikiki #1601
Studio | 1 Ba
313 ft²
$379,000
Luana Waikiki #618
Studio | 1 Ba
313 ft²
Other Condotels
$384,900
Kalakauan #608
1 Bd | 1 Ba
437 ft²
$394,900
Bamboo #705
Studio | 1 Ba
280 ft²
$400,000
Island Colony #1905
Studio | 1 Ba
302 ft²
$415,000
Royal Garden At Waikiki #1705
Studio | 1 Ba
353 ft²
$355,000
Tradewinds Plaza #1105
Studio | 1 Ba
266 ft²
$350,000
Hawaiian Monarch #911
Studio | 1 Ba
247 ft²
  • Sold 2/16/23 at $389,000
    (List Price: $389,000)
Description
Are you looking for a property with a history of strong cash flow, something to depreciate on your taxes AND a vacation home all in one? If you answered yes, this is for you! This condo is arguably one of the highest grossing vacation rentals in its price category with an average historic monthly gross income of $5,575 (see income statements attached). This property is located in the highly desirable Luana Waikiki which is a boutique hotel of just 230 rooms located on Waikiki's famous Kalakaua Strip. The Luana Waikiki is one of only a handful of buildings where you can legally rent out your property on a nightly basis and with the recent law changes, this has made owning these properties much more valuable. The building fronts Ainahau Park which connects directly to Fort DeRussy Beach (one of Waikiki's most pristine beaches). Enjoy fine dining, world-class shopping a block away at luxury row, the Honolulu Zoo, Diamond Head and much more! As of today, there are only approx. 8 other legal vacation rental listings in Waikiki under $400,000. This number is shockingly low considering the volume of real estate we have in the Waikiki Area. Don't miss out on this opportunity!
    The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on December 22, 2025.Information is deemed reliable but not guaranteed.
    • Feb 16, 2023 Sold for $389,000
    • Jan 12, 2023 Under Contract
    • Dec 31, 2022 Listed at $389,000
    • Apr 08, 2022 Sold for $290,000
    • Feb 11, 2022 Under Contract
    • Sep 04, 2021 Price $299,500
    • Sep 03, 2021 Back to Active
    • Aug 26, 2021 Under Contract
    • Jul 07, 2021 Price $289,000
    • Apr 27, 2021 Price $299,000
    • Feb 19, 2021 Listed at $319,000
    • Jul 04, 2020 Off Market
    • Jan 07, 2019 Listed at $310,000
    • Address: 2045 Kalakaua Ave, Honolulu, HI 96815.
       
    • Built: 1971, 230 Units, 17 Floors, Studio & 1BR, Pets: No.
       
    • Amenities: Pool, Exercise Room, BBQ, Recreation Area.
       
    • Short-term Vacation Renting: Allowed.

    Luana Waikiki, a condotel converted in the early 2000s with a major remodel by Wayne Parker Interior Design, sits on Kalakaua Ave next to the 66-acre Fort DeRussy Park, offering views of green lawns, tropical flora, and the ocean from higher floors. The building is home to a casual eatery.

    Units
    Mostly studios, some 1BRs, and a few 2BR

      ... Read more
    Other Luana Waikiki Listings
    $390,000
    Luana Waikiki #818
    Studio | 1 Ba
    313 ft²
    $385,000
    Luana Waikiki #802
    Studio | 1 Ba
    313 ft²
    $395,000
    Luana Waikiki #1601
    Studio | 1 Ba
    313 ft²
    $379,000
    Luana Waikiki #618
    Studio | 1 Ba
    313 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. 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.