| Description | INVESTOR & FLIPPER SPECIAL IN THE HEART OF WAIKIKI! Rare opportunity to own a spacious 2-bedroom condo in one of Waikiki's most desirable and central locations, priced significantly below assessed value. This property is a blank canvas with endless possibilities—renovate and flip for a strong profit, customize it into your dream island residence, use it as a vacation home, or hold as a long-term investment. A standout feature is the exceptionally large lanai, perfect for relaxing and enjoying the Hawaiian trade winds. Located in the very heart of Waikiki, just steps from world-class beaches, dining, shopping, and entertainment.Even better, the building has undergone major capital improvements. Comprehensive seismic retrofitting is complete, and a building-wide plumbing replacement—including all water supply pipes—is complete or nearing completion, giving the new owner strong confidence in the structural integrity and modernized infrastructure.Investor, flipper, end user, or second-home buyer—this is a rare chance to own in an unbeatable Waikiki location with incredible upside and a building already invested in its own future. Bring your contractor and your best offer today! |
|---|---|
| Status | Active since 04-15-2026 |
| MLS# | 202607385 |
| Price | $428,000 |
| Original Price | $438,000 |
| Price Change | $-10,000 (-2.28%) |
| Beds / Baths / Half | 2 / 1 / 1 |
| Parking Spaces | 1 |
| Living Sq Ft | 760 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $1,428 |
| Lanai Sq Ft | 191 |
| Building | Waikiki Lanais |
| Address | 2452 Tusitala Street 1201 Honolulu HI 96815 |
| Region | Metro |
| Neighborhood | Waikiki |
| Days on Market | 165 |
| Year Built | 1978 |
| Condition | Needs Major Repair |
| View | Other |
| Frontage | Other |
| Parking | Assigned, Covered - 1 |
| Zoning | X2 - Apartment Precinct |
| Flood Zone | Zone AE |
| Tax Amount | $157 |
| Assessed Land | $79,900 |
| Assessed Building | $459,600 |
| Assessed Total | $539,500 |
| Assessed Ratio | 79% |
| Inclusions | AC Window Unit, Disposal, Range/Oven, Refrigerator |
| Amenities | BBQ, Community Laundry, Exercise Room, Patio/Deck, Pool on Property, Recreation Area, Resident Manager, Trash Chute, Whirlpool |
| Construction | Above Ground, Concrete |
| Flooring | W/W Carpet |
| Disclosures | Non Resident Owner, Property Disclosure Stmt, See Remarks |
| Furnished | None |
| Land Recorded | Land Court |
| Possession | At Closing |
| Sale Conditions | None |
| Building Style | High-Rise 7+ Stories |
| Security | Key, Keyed Elevator |
| Parcel # | 1-2-6-024-069-0061 |
| Listing courtesy of | Compass |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 05-31-2026 | 202607385 | Price Decrease | $438,000 | $428,000 | $428,000 | $0 | $539,500 | $79,900 | $459,600 |
| 04-15-2026 | 202607385 | New Listing | CS | A | $428,000 | $0 | $539,500 | $79,900 | $459,600 |
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