Hawaii Living

Pacific Monarch #1501 (Waikiki)

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2427 Kuhio Ave #1501, Honolulu

This property was sold September 24, 2021 for $385,000
Description
First time available in over 30 years! Great opportunity to own a condotel at the Pacific Monarch on the makai (ocean) side of Kuhio Ave. where you can legally lease out short term. Great location a few blocks from the beach in Waikiki. Roof top amenities include a swimming pool, spa and BBQ and incredible ocean, Diamond Head and mountain views. If you're looking to own a sliver of real estate in Waikiki where you can rent out when you're not here, this is it!
Past Activity
  • Aug 24, 2021 Sold for $385,000
  • Aug 24, 2021 In Escrow
  • Jul 29, 2021 Price $395,000
  • May 12, 2021 Listed at $400,000
More Details
  • Owner, Tax & Resale History: Click here
  • HOA Fees / Interior Sf: $1.87
  • Price / Interior Sf: $1,097
  • HOA Fees Include: Cable TV, Electricity, Hot Water, Internet Service, Other Common Expenses, Sewer, Water
  • Zoning: X6 - Resort Mixed Use Precinct
  • Elementary School: Jefferson
  • Middle School: Washington
  • High School: Kaimuki
  • View: City, Mountain, Ocean
  • Owner Occupancy: 5%
  • Management Company: Springboard Hospitality
  • Security Features: Key
  • Amenities: BBQ, Community Laundry, Patio/Deck, Pool on Property, Recreation Area, Recreation Room, Security Guard, Trash Chute, Whirlpool
  • TMK: 1-2-6-23-56-75
  • Tax Assessed Land: $88,500
  • Tax Assessed Improvements: $248,500
  • Tax Assessed Total: $337,000
  • Courtesy: Harcourts Island Real Estate
  • MLS: 202111808
Blog
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on October 23, 2021. Information is deemed reliable but not guaranteed.
About Pacific Monarch
  • Address: 2427 Kuhio Ave, Honolulu, HI 96815.
  • Built in 1980, 121 Units on 32 Floors, Studio & 1BR, Pets: No.
  • Amenities include Sauna, Pool, Whirlpool, Party Room, Security Guard.
  • The 1BRs have full kitchens!

About Pacific Monarch
Waikiki's Pacific Monarch will most likely not be your primary residence. This is an investment, an income-making property, maybe even your place to stay when you want to enjoy some beach time. As a condotel, proximity to the sands is extremely important to getting guest bookings for your room. No worries about that here.

The building stands right on Kuhio Ave and Uluniu Ave. The central stretch of Waikiki Beach is a 2 minute, or less, stroll straight down Uluniu. The district's two enclosed lagoons, popular for their calm waters, are directly in front of you where the street meets the ocean, beckoning you to come in for a cool dip.

Another concern with Waikiki condos, even for vacationers, is the noise factor. Some   ....click here to read more
Description
First time available in over 30 years! Great opportunity to own a condotel at the Pacific Monarch on the makai (ocean) side of Kuhio Ave. where you can legally lease out short term. Great location a few blocks from the beach in Waikiki. Roof top amenities include a swimming pool, spa and BBQ and incredible ocean, Diamond Head and mountain views. If you're looking to own a sliver of real estate in Waikiki where you can rent out when you're not here, this is it!
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on October 23, 2021. Information is deemed reliable but not guaranteed.
  • Address: 2427 Kuhio Ave, Honolulu, HI 96815.
  • Built in 1980, 121 Units on 32 Floors, Studio & 1BR, Pets: No.
  • Amenities include Sauna, Pool, Whirlpool, Party Room, Security Guard.
  • The 1BRs have full kitchens!

About Pacific Monarch
Waikiki's Pacific Monarch will most likely not be your primary residence. This is an investment, an income-making property, maybe even your place to stay when you want to enjoy some beach time. As a condotel, proximity to the sands is extremely important to getting guest bookings for your room. No worries about that here.

The building stands right on Kuhio Ave and Uluniu Ave. The central stretch of Waikiki Beach is a 2 minute, or less, stroll straight down Uluniu. The district's two enclosed lagoons, popular for their calm waters, are directly in front of you where the street meets the ocean, beckoning you to come in for a cool dip.

Another concern with Waikiki condos, even for vacationers, is the noise factor. Some   ....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.
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.