| Description | DESIRABLE LEGAL SHORT-TERM VACATION RENTAL OPPORTUNITY IN WAIKIKI with a proven track record of strong occupancy and consistent rental activity. Welcome to Royal Aloha, one of the few resort-zoned buildings in Waikiki allowing legal daily rentals - an increasingly rare and valuable designation. This rarely available 1-bedroom stands out as most units in the building are 2-bedroom layouts, offering a more accessible entry point for investors seeking income potential in a high-demand location. Located on the 9th floor, the unit enjoys city, Ala Wai Canal, and mountain views, along with a full kitchen and efficient, guest-friendly layout. Offered turnkey and ready to rent, making for a seamless transition for the next owner. Royal Aloha is a secured building with on-site management and amenities including a pool, BBQ area, and lounge spaces, with community laundry on each floor and in the basement. Pet-friendly and ideally situated near Ala Moana, beaches, dining, shopping, and bus lines. Leasehold property with approximately 15 years remaining - an attractive opportunity for investors seeking strong cash flow at a lower entry price. Parking may be available for rent nearby. |
|---|---|
| Status | Active since 01-13-2026 |
| MLS# | 202600464 |
| Price | $185,000 |
| Original Price | $185,000 |
| Price Change | (0.00%) |
| Beds / Baths / Half | 1 / 1 / 0 |
| Parking Spaces | 0 |
| Living Sq Ft | 513 |
| Land Tenure | LH - Leasehold |
| Maintenance Fee | $596 |
| Building | Royal Aloha |
| Address | 1909 Ala Wai Boulevard 1003 Honolulu HI 96815 |
| Region | Metro |
| Neighborhood | Waikiki |
| Days on Market | 258 |
| Year Built | 1971 |
| Year Remodeled | 2016 |
| Condition | Excellent |
| View | City, Marina/Canal, Mountain |
| Frontage | Other |
| Parking | None |
| Zoning | X6 - Resort Mixed Use Precinct |
| Flood Zone | Zone AO |
| Elementary | Ala Wai |
| Middle | Washington |
| High | Kaimuki |
| Tax Amount | $258 |
| Assessed Land | $142,100 |
| Assessed Building | $194,200 |
| Assessed Total | $336,300 |
| Assessed Ratio | 55% |
| Inclusions | AC Central, Refrigerator |
| Amenities | BBQ, Community Association Pool, Community Laundry, Patio/Deck, Pool on Property, Resident Manager, Security Guard, Trash Chute |
| Construction | Concrete |
| Flooring | Laminate, Vinyl |
| Disclosures | Property Disclosure Stmt |
| Furnished | Full |
| Land Recorded | Land Court |
| Possession | 45 Days or Less |
| Sale Conditions | None |
| Building Style | High-Rise 7+ Stories |
| Leasehold | Lease rent $347 / 4041 · Buy fee |
| Parcel # | 1-2-6-014-026-0084 |
| Listing courtesy of | Damon HI Pac Intl Prop LLC |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 07-14-2026 | 202600464 | Back On Market | X | A | $185,000 | $0 | $336,300 | $142,100 | $194,200 |
| 07-14-2026 | 202600464 | Expired | A | X | $185,000 | $0 | $336,300 | $142,100 | $194,200 |
| 01-13-2026 | 202600464 | New Listing | A | $185,000 | $0 | $336,300 | $142,100 | $194,200 | |
| 05-10-2016 | 201603932 | Sold | P | S | $124,500 | $122,000 | $242,500 | $94,000 | $148,500 |
| 04-16-2016 | 201603932 | Pending | A | P | $124,500 | $122,000 | $242,500 | $94,000 | $148,500 |
| 02-22-2016 | 201603932 | New Listing | A | $124,500 | $122,000 | $242,500 | $94,000 | $148,500 |
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