| Description | $10,000.00 PRICE REDUCTION - MOTIVATED SELLER! Welcome to Five Regents, a prime leasehold property in a vibrant community, offering the perfect blend of comfort, convenience, and recreational amenities. With a leasehold term extending until 2078, this property presents an exceptional investment opportunity, promising great potential with many years remaining on the lease. The studio unit is rental-occupied, collecting a monthly rent of $1400.00 (Tenant's fixed lease ends 01/31/2025). The building boasts many amenities including a pool, sauna, tennis court, basketball hoop, recreation/meeting room, community laundry room, site manager, one assigned covered parking, and guest parking. Electricity is sub-metered for the unit and billed through the monthly maintenance fee statement. Upcoming increases, effective January 2025, for maintenance fees, will be $470.24, and the special assessment will be $110.15 (insurance and reserve fund requirements). Schedule a viewing today! |
|---|---|
| Status | Sold since 11-27-2024 |
| MLS# | 202427381 |
| Price | $168,000 |
| Original Price | $178,000 |
| Price Change | $-10,000 (-5.62%) |
| Beds / Baths / Half | 0 / 1 / 0 |
| Parking Spaces | 1 |
| Living Sq Ft | 300 |
| Land Tenure | LH - Leasehold |
| Maintenance Fee | $428 |
| Building | Five Regents |
| Address | 2888 Ala Ilima Street 1201 Honolulu HI 96818 |
| Region | Metro |
| Neighborhood | Salt Lake |
| Days on Market | 175 |
| Year Built | 1978 |
| Condition | Excellent |
| View | City, Mountain |
| Parking | Assigned, Covered - 1, Guest |
| Zoning | 12 - A-2 Medium Density Apartme |
| Flood Zone | Zone X |
| Tax Amount | $69 |
| Assessed Land | $18,600 |
| Assessed Building | $218,400 |
| Assessed Total | $237,000 |
| Assessed Ratio | 71% |
| Inclusions | AC Window Unit, Cable TV, Disposal, Range Hood, Range/Oven, Refrigerator, Smoke Detector |
| Amenities | BBQ, Community Laundry, Meeting Room, Other, Pool on Property, Recreation Room, Resident Manager, Sauna, Tennis Court, Trash Chute |
| Construction | Concrete, Masonry/Stucco |
| Flooring | Laminate |
| Disclosures | Pets Allowed (Verify), Property Disclosure Stmt |
| Furnished | Partial |
| Land Recorded | Land Court |
| Possession | At Closing |
| Sale Conditions | None |
| Building Style | High-Rise 7+ Stories |
| Security | Key, Security Patrol |
| Leasehold | Lease rent $48 / 2078 · Buy fee |
| Parcel # | 1-1-1-062-024-0084 |
| Listing courtesy of | Top Property Management LLC |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 07-11-2025 | 202427381 | Sold | C | S | $168,000 | $157,500 | $237,000 | $18,600 | $218,400 |
| 05-21-2025 | 202427381 | Active Under Contract | A | C | $168,000 | $157,500 | $237,000 | $18,600 | $218,400 |
| 03-21-2025 | 202427381 | Price Decrease | $177,000 | $168,000 | $168,000 | $157,500 | $237,000 | $18,600 | $218,400 |
| 03-19-2025 | 202427381 | Price Decrease | $178,000 | $177,000 | $168,000 | $157,500 | $237,000 | $18,600 | $218,400 |
| 11-27-2024 | 202427381 | New Listing | CS | A | $168,000 | $157,500 | $237,000 | $18,600 | $218,400 |
| 05-16-2023 | 202306303 | Sold | P | S | $169,000 | $161,500 | $223,300 | $18,600 | $204,700 |
| 04-03-2023 | 202306303 | Pending | C | P | $169,000 | $161,500 | $223,300 | $18,600 | $204,700 |
| 03-23-2023 | 202306303 | Active Under Contract | A | C | $169,000 | $161,500 | $223,300 | $18,600 | $204,700 |
| 03-20-2023 | 202306303 | New Listing | A | $169,000 | $161,500 | $223,300 | $18,600 | $204,700 | |
| 07-19-2017 | 201713955 | Sold | C | S | $159,990 | $163,000 | $196,900 | $17,300 | $179,600 |
| 06-26-2017 | 201713955 | In Escrow Showing | A | C | $159,990 | $163,000 | $196,900 | $17,300 | $179,600 |
| 06-24-2017 | 201713955 | New Listing | A | $159,990 | $163,000 | $196,900 | $17,300 | $179,600 |
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