Liliuokalani Gardens #Apt II2412, 300 Wai Nani Way, Honolulu

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.

Condo details

944 sqft interior area

Condo building Liliuokalani Gardens
Year Built 1984
Original list price $450,000
Days on market 103
Price per sqft $477/sqft
Baths 2
Beds 2
Address
300 Wai Nani Way unit Apt II2412, Honolulu, HI, 96815
Total area 944 sqft
Interior area 944 sqft
Floor Number 18
Occupancy Tenant
Inclusions AC Central, Cable TV, Dishwasher, Range/Oven, Refrigerator, Smoke Detector
Neighborhood Waikiki
Land area 119,659 sqft / 2.747 acres
City of Oahu Honolulu
Floors Other
Region Honolulu
Island Oahu
Land tenure FS - Fee Simple
Lease renegotiation date Nov 1, 2024
Lease expiration 2039-10-31
Monthly lease payment $901
View Garden, Marina/Canal

Open Houses

No upcoming open houses

Monthly payment

Calculate your monthly payments

Mortgage

$2,295

Taxes

$0

HOA dues

$901

Mortgage

Last listprice

Down payment

$90,000 / 20%

Interest rate

6.58%

Loan type

30 years

Your amount $2,295 / month

No taxes data

HOA dues

Lease rent

$901 / month

Total dues $901 / month

Neighborhood: Waikiki

Oahu

Honolulu

Waikiki

Nearby & commute

Walkability

Coffee shops

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Bus stop

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Supermarket

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Costco

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Hospital

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Park

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Beach

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Elementary school

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Middle school

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High school

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Local airport

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13.33 / 20

Somewhat walkable

►

18-20

Most Walkable

15-18

Very walkable

10-15

Somewhat walkable

1-10

Car dependent

Walkability according to the National Walkability Index

Building: Liliuokalani Gardens

Above Ground, Concrete construction

Property type

High-Rise 7+ Stories

Security

Key, Keyed Elevator, Security Patrol, Video

Management Company

Touchstone

Construction

Above Ground, Concrete

Owner occupancy %

28

Building community amenities and features

Furnished

Partial

Property Condition

Excellent

Other Fee Includes

AC Central,Cable TV,Hot Water,Internet Service,Sewer,Water,None

Parking

None, Garage, Guest, Other, Secured Entry, Street

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

Unit features

Bedroom on 1st Level, Central AC, Even# Unit, Full Bath on 1st Floor, Single Level

View all 3 Liliuokalani Gardens condos for sale

Waikiki prices

Average price $1.04m

Neighborhood average sales price*

$1.04m

Neighborhood median sales price*

$1.01m

Number or sales*

19

*last 6 months

About Waikiki

Waikiki Condos & neighborhood info When it comes to finding a home in a lively, picturesque setting, it's hard to beat the allure of Waikiki condos. Situated along the stunning shores of Oahu, Waikiki is a bustling neighborhood in Honolulu that boasts Read more

Schools

15 schools with rating up to 7

School rating		Distance
7 out of 10	President Thomas Jefferson Elementary School 324 Kapahulu Ave, Honolulu, HI 96815 Elementary School	0.124mi
7 out of 10	Waikiki Elementary School 3710 Leahi Ave, Honolulu, HI 96815 Middle School	0.228mi
NR	Hawaii School For The Deaf And Blind 3440 Leahi Ave, Honolulu, HI 96815 High School	0.284mi

School rating		Distance
7 out of 10	President Thomas Jefferson Elementary School 324 Kapahulu Ave, Honolulu, HI 96815	0.124mi
NR	Jefferson School Orthopedic Unit 324 Kapahulu Ave, Honolulu, HI 96815	0.195mi
7 out of 10	Waikiki Elementary School 3710 Leahi Ave, Honolulu, HI 96815	0.228mi
NR	Hawaii School For The Deaf And Blind 3440 Leahi Ave, Honolulu, HI 96815	0.284mi
NR	Iolani School 563 Kamoku St, Honolulu, HI 96826	0.71mi

School rating		Distance
7 out of 10	Waikiki Elementary School 3710 Leahi Ave, Honolulu, HI 96815	0.228mi
NR	Hawaii School For The Deaf And Blind 3440 Leahi Ave, Honolulu, HI 96815	0.284mi
NR	Iolani School 563 Kamoku St, Honolulu, HI 96826	0.71mi
NR	La Pietra Hawaii School For Girls 2933 Poni Moi Road, Honolulu, HI 96815	0.986mi
NR	St Patrick School 3320 Harding Avenue, Honolulu, HI 96816	1.071mi

School rating		Distance
NR	Hawaii School For The Deaf And Blind 3440 Leahi Ave, Honolulu, HI 96815	0.284mi
NR	Iolani School 563 Kamoku St, Honolulu, HI 96826	0.71mi
2 out of 10	Kaimuki High School 2705 Kaimuki Ave, Honolulu, HI 96816	0.806mi
NR	La Pietra Hawaii School For Girls 2933 Poni Moi Road, Honolulu, HI 96815	0.986mi
NR	St Louis School 3142 Waialae Avenue, Honolulu, HI 96816	1.107mi

Price history

New Listing Jan 15, 2024

Date	Event	Price	$/sqft	Source
Jan 15, 2024	New Listing	$450,000	$476.69	MLS #202400403

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Tax & MLS details 300 Wai Nani Way unit Apt II2412, Honolulu, HI, 96815

X2 - Apartment Precinct zoning / MLS #202400403

Property Tax Year

2024

Assessed Improvement value

$516,300

Assessed Land value

$192,100

TMK

1-2-6-028-049-0370

Land Recorded

Land Court

Zoning

X2 - Apartment Precinct

Flood Zone

Zone AE

Lease renegotiation date

Nov 1, 2024

Lease expiration

2039-10-31

Monthly lease payment

$901

Total Assessed value

$708,400

Listed by

Compass
(808) 825-4277

MLS #

202400403

Hawaii House tour report for this condo

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Stunning views

Ocean views

Open floorplan

Needs Work

Street noise

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Recently sold nearby 300 Wai Nani Way unit Apt II2412 in Waikiki

SOLD 04/19/2024

$485,000

1 bed · 1 baths · 620 sqft
Condo sold for $485,000

Liliuokalani Gardens
300 Wai Nani Way unit 802-I
Honolulu, HI

SOLD 03/14/2024

$415,000

1 bed · 1 baths · 538 sqft
Condo sold for $415,000

Liliuokalani Gardens
300 Wai Nani Way unit 2414
Honolulu, HI

SOLD 03/14/2024

$442,000

1 bed · 1 baths · 549 sqft
Condo sold for $442,000

LILIUOKALANI GARDENS
300 Wai Nani Way unit II813
Honolulu, HI

SOLD 02/29/2024

$370,000

1 bed · 1 baths · 549 sqft
Condo sold for $370,000

Liliuokalani Gardens
300 Wai Nani Way unit II- 1413
Honolulu, HI

SOLD 01/31/2024

$303,000

1 baths · 321 sqft
Condo sold for $303,000

Liliuokalani Gardens
300 Wai Nani Way unit II320
Honolulu, HI

SOLD 01/30/2024

$460,000

1 bed · 1 baths · 570 sqft
Condo sold for $460,000

Liliuokalani Gardens
300 Wai Nani Way unit II915
Honolulu, HI

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Frequently asked questions for 300 Wai Nani Way unit Apt II2412

What is 300 Wai Nani Way unit Apt II2412?

300 Wai Nani Way unit Apt II2412 is a condo in the Liliuokalani Gardens building located in Honolulu, HI. This is a 2 beds, 2 baths condo in the Waikiki neighborhood. This apartment has 944 sqft interior space with garden, marina/canal views. Unit #Apt II2412 is located on floor number 18 and the property condition is excellent.

When was this condo built and last sold?

This house was build in 1984.

What is the full address of this condo?

300 Wai Nani Way unit Apt II2412, Honolulu, HI, 96815.

Are there beaches near 300 Wai Nani Way unit Apt II2412?

The nearest beach is 0.310 miles away, called Waikiki Beach. It should take about 7 min walk.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 by HiCentral Mls, Ltd. Listing courtesy of Compass. Some active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation. Hawaii House Inc. is a real estate brokerage firm licensed to conduct business in the State of Hawaii. Information deemed reliable, but not guaranteed.

Listings last updated on January 19, 2024.
Hawaii House Last checked 1 minute ago.

300 Wai Nani Way unit Apt II2412 is a condo in the Liliuokalani Gardens building located in Honolulu, HI. This is a 2 bed, 2 bath condo in the Waikiki neighborhood. This apartment has 944 sqft interior space with Garden, Marina/Canal views. Unit #Apt II2412 is located on floor number 18 and the property condition is excellent. The neighborhood is Waikiki and the full address is 300 Wai Nani Way unit Apt II2412, Honolulu, HI, 96815.

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Liliuokalani Gardens unit Apt II2412, Waikiki condo

Condo details

300 Wai Nani Way unit Apt II2412, Honolulu, HI, 96815

Open Houses

Monthly payment

Neighborhood: Waikiki

Building: Liliuokalani Gardens

Building community amenities and features

Waikiki prices

About Waikiki

Schools

Price history

Tax & MLS details 300 Wai Nani Way unit Apt II2412, Honolulu, HI, 96815

Similar homes nearby 300 Wai Nani Way unit Apt II2412 in Waikiki

Recently sold nearby 300 Wai Nani Way unit Apt II2412 in Waikiki

Ask a question

Frequently asked questions for 300 Wai Nani Way unit Apt II2412

What is 300 Wai Nani Way unit Apt II2412?

When was this condo built and last sold?

What is the full address of this condo?

Are there beaches near 300 Wai Nani Way unit Apt II2412?