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RAINBOW TERRACE

2875 S King Street Unit 203 Honolulu HI 96826

Important: See the Active listing for this property

$40,000 | Sold

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Sell for a $3,500 Flat Fee or 2% With Full Service.

Listed on 09-25-2002 * 113 Days until Sold

Sold for $46,000 on 01-16-2003

1 Bedroom, 1 Full Bath, 0 Half Baths, 1 Parking Spaces

570 Square Feet Living * $175 Total Association Fees

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Property Last Viewed: 06/09/2026 11:47 PM, Total Views Today: 0, Total Views: 129

Viewed History

Short Cuts


Leasehold: Lease Rent: $98 / 2010 | Buy Fee: $38,000 | Lessor: FURUYA | Reneg Date: 06-01-2010 | Expires: 06-01-2035 | Step-Ups: $ $




OahuRE.com Notes About This Property

View all new listings in the Rainbow Terrace since this property was listed.

This property is Leasehold but you can buy the fee for $38,000 to make it Fee Simple. Lease rent is $98 per month until 2010.

Seller is selling `As Is` and may not want to do repairs or issue credits during the inspection period.

The last sale on January 16, 2003, used Cash financing, so it is not an assumable mortgage.

Listed previously on March 16, 2025 for $323,000. View Details

Listed previously on March 8, 2021 for $289,000. View Details

Price Decreased 1 time. View Details

Withdrawn 1 time. View Details

Not in good condition.

There are 0 buildings in the same neighborhood with similar units for sale.

There are 1 buildings in the same region with similar units for sale.

There were 1 units sold in the last 2 years in the Rainbow Terrace building.



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2875 S King Street  Unit 203

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Property Details

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MLS#: 2210413 * Questions?
Status: Sold for $46,000 on 01-16-2003. Financing: Cash. See History
Price: $40,000
Monthly: $ 437.37 Update the default down payment and interest rate
  Monthly payment estimate for $ 40,000 price, 10% down, 6.87% interest rate, 30 year loan, $ 26 taxes, and $ 175 fees. Insurance not included.
Beds: 1   Baths: 1   Half: 0  Parking Spaces: 1
Living Sq Ft: 570
Land Tenure: LH - Leasehold
Total Fees: $175
Lanai Sq Ft: 80
Address: 2875 S King Street 203 HONOLULU HI 96826
Region: Metro - Activity
Neighborhood: Moiliili - Activity
Street: King - Activity * S King Street 203 Stats
Building Name: Activity in Rainbow Terrace * Rainbow Terrace Stats
Statistics: Live Building Stats
Showing: Showing Request with 20% Rebate

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Original: $40,000
Change: $0    0.00%
Parcel#: 1-2-7-027-028-0004
Link: Tax Info/Plat Map/Parcel Map/Sketch
Days: 5 days in Active or In Escrow Showing
Date: Listed: 09-25-2002
Date: In Escrow Not Showing: 09-29-2002
Date: Status Change: 05-20-2003
Year Built: 1969 Remodeled:
View: Mountain
Frontage: Other
Monthly Tax: $26 Year: 2002
Land: LH - Leasehold
Condition: Fair, Needs Major Repair

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Description:

GREAT LOCATION, GOOD BUY AND FIXER UPPER WITH A COVERED PARKING STALL AND SECURED BUILDING WITH KEYED ELEVATOR. FEE SIMPLE INTEREST AVAILABLE. SOLD "AS IS, WHERE IS"CONDITION".

 
 
Inclusions: AC Window Unit

Amenities: Community Laundry, Security Guard

Utilities: Construction: Hollow Tile Lot Features: Floor: Vinyl Disclosures: Call Listor Land Recorded: Regular System Furnished:

Possession: At Closing Terms: Cash, Conventional Sale Conditions: Pet Friendly: No Occupancy: 0% Number of Parking Spaces: 1 Parking Spaces Number: 4 Floor Number: 2 Elevators: 1 Management Company Name & Phone: OISHI MANAGEMENT (808) 949-4702

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Sold Price: $46,000 Loan Type: Cash
Concession:
Closed: 01-16-2003
Sold Ratio: 115%
Days Sold: 113
Land: $31,200
Building: $68,800  
Assessed Total: $100,000  
Assessed Ratio: 40.00%
Pool:
Location:
Parking: Assigned, Covered - 1

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District Locator: DOE Locator to Confirm District
Area Total: 0
Acres: 0.0000
Topography:
Building Style: Low-Rise 6 or Less Stories
Building: RAINBOW TERRACE
New Const: No

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Maint. Fee: $175
Assoc. Fee: $0
Other Fee: $0
Includes: Gas, Hot Water, Sewer, Water
Total Fees: $175
Exemption:
Other: 0
Lanai Sq Ft: 80
Garage Sq Ft: 0
Avg Sq Ft Living: $70.18
Security: Key, Keyed Elevator
Rental Income: $0
Zoning:
Flood Zone: Zone X * Check if this property is in a Flood Zone
Tsunami Zone: Check if this property is in a Tsunami Zone * Tsunami Info * Oahu Tsunami Map
Roofing:
Set-Backs: Roads:
Easements:

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Links:
Google Maps * Supermarkets * Schools * Private Schools * Hospitals * Restaurants * Gyms * Shopping * Attractions * Beaches * Churches * Tax Info including a Plat Map PDF and GIS Parcel Map and Building Sketch
Commuting:
Waikiki * Downtown * Ala Moana * Airport * Kapolei * Hawaii Kai * Kailua Town * Windward Mall * Waikele * North Shore
Barbers Point * Camp Smith * Fort Shafter * Hickam * Lualualei * K-Bay Marine * Pearl Harbor * Schofield * Tripler * Wheeler * VA Mortgage Info
Leasehold: Lease Rent: $98 / 2010 | Buy Fee: $38,000 | Lessor: FURUYA | Reneg Date: 06-01-2010 | Expires: 06-01-2035 | Step-Ups: $ $ Please learn more about Leasehold
Closing Cost Calculators:
Buyer's Closing Cost Calculator to estimate the buyer's closing cost.
Seller's Closing Cost Calculator to estimate the seller's closing cost.

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Property History from MLS

Date MLS# Change Old Value New Value List Price Sold Price Assessed Total Land Building
01-07-2026 202507033 Price Decrease $323,000 $311,000 $311,000 $0 $353,500 $177,900 $175,600
03-17-2025 202507033 New Listing $323,000 Active $311,000 $0 $353,500 $177,900 $175,600
03-17-2025 202507033 $323,000 $323,000 $311,000 $0 $353,500 $177,900 $175,600
03-17-2025 202507033 Coming Soon $323,000 $323,000 $311,000 $0 $353,500 $177,900 $175,600
03-18-2021 202106453 Withdrawn Active Cancelled $289,000 $0 $274,500 $196,500 $78,000
03-08-2021 202106453 New Listing Active Active $289,000 $0 $274,500 $196,500 $78,000
05-20-2003 2210413 Sold Active Sold $40,000 $46,000 $100,000 $31,200 $68,800
05-20-2003 2210413 Price Increase $40,000 $46,000 $40,000 $46,000 $100,000 $31,200 $68,800
09-25-2002 2210413 New Listing $40,000 Active $40,000 $46,000 $100,000 $31,200 $68,800

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Comparables

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Listings in RAINBOW TERRACE

Listings in Moiliili Neighborhood

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City and County Public Information Links

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Tax Info including a Plat Map PDF and GIS Parcel Map

Department of Planning & Permitting All Permits

Tax Records and Property History in this Neighborhood

Tax Records and Property History in this Building

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Sex Offender Information

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Estimated Monthly Mortgage Payment

View OahuRE Mortgage and Interest Savings Calculator

Save $27,105.06 of interest charges by adding an extra payment of $100 per month. View details from the link above.

Rate:
6.12% 6.37% 6.62% 6.87% 7.12% 7.37% 7.62% 7.87% 8.37%
0% Down
$243$249$256$263$269$276$283$290$304
3.5% Down
$234$241$247$253$260$266$273$280$293
10% Down
$219$224$230$236$242$249$255$261$273
20% Down
$194$200$205$210$215$221$226$232$243
30% Down
$170$175$179$184$189$193$198$203$213
40% Down
$146$150$154$158$162$166$170$174$182
50% Down
$121$125$128$131$135$138$141$145$152

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Crime Mapping

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Listing courtesy of CENTURY 21 All Islands


Active means currently for sale. Active Under Contract means in escrow but still showing and looking for offers. Pending means in escrow and not looking for offers. Hold means the property is temporarily off the market. Cancelled means it is off the market.

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Based on the information from the Multiple Listing Service of HiCentral MLS, Ltd. Active listings last updated on 06.22.26. Information is deemed reliable but not guaranteed. Copyright: 2026 by HiCentral MLS, Ltd.

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Some of the 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 and we offer you are 20% rebate on our commission. 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. The offer of compensation to cooperating participants is made only to the Participants and MLS Subscribers of HICMLS or Participants and MLS Subscribers of other Reciprocating Boards as set forth in that certain Multiple Listing Service Reciprocal Agreement, as amended from time to time, which is incorporated herein by reference

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