| Description | Affordable, move-in ready studio with modern upgrades, ideal for first-time buyers or investors seeking strong rental potential. This well-maintained unit offers a rare long-term lease through 2078, providing excellent value and a low-cost entry into homeownership. Located on the cool breezy side of the building, the unit features: luxury vinyl plank flooring, sleek cabinetry, quartz countertops, popcorn ceiling removal, and window A/C for year-round comfort. Includes one full-size covered parking stall in a secure, well-managed building. Community amenities include a swimming pool, sauna, BBQ area, clubhouse, basketball court, and tennis courts. The Salt Lake neighborhood is centrally located near the airport, with freeway access in both directions. Salt Lake Shopping Center has groceries, dining, and everyday essentials nearby. |
|---|---|
| Status | Sold since 03-04-2026 |
| MLS# | 202604801 |
| Price | $160,000 |
| Original Price | $160,000 |
| Price Change | (0.00%) |
| Beds / Baths / Half | 0 / 1 / 0 |
| Parking Spaces | 1 |
| Living Sq Ft | 300 |
| Land Tenure | LH - Leasehold |
| Maintenance Fee | $532 |
| Building | Five Regents |
| Address | 2888 Ala Ilima Street 512 Honolulu HI 96818 |
| Region | Metro |
| Neighborhood | Salt Lake |
| Days on Market | 138 |
| Year Built | 1978 |
| Condition | Excellent |
| View | City |
| Parking | Covered - 1, Garage, Guest, Street |
| Zoning | 12 - A-2 Medium Density Apartme |
| Flood Zone | Zone X |
| Tax Amount | $58 |
| Assessed Land | $19,900 |
| Assessed Building | $180,500 |
| Assessed Total | $200,400 |
| Assessed Ratio | 80% |
| Inclusions | AC Window Unit, Cable TV, Ceiling Fan, Drapes, Microwave Hood, Range/Oven, Refrigerator, Smoke Detector, Water Heater |
| Amenities | BBQ, Community Association Pool, Community Laundry, Condo Association Pool, Meeting Room, Recreation Area, Recreation Room, Resident Manager, Sauna, Security Guard, Tennis Court, Trash Chute |
| Construction | Concrete, Double Wall |
| Flooring | Vinyl |
| Disclosures | Pets Allowed (Verify), Property Disclosure Stmt |
| Land Recorded | Land Court |
| Possession | At Closing |
| Sale Conditions | None |
| Building Style | High-Rise 7+ Stories |
| Security | Key, Security Patrol, Video |
| Leasehold | Lease rent $47 / 2078 · Buy fee |
| Parcel # | 1-1-1-062-024-0011 |
| Listing courtesy of | Keller Williams Honolulu |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 08-17-2026 | 202604801 | Sold | C | S | $160,000 | $143,000 | $200,400 | $19,900 | $180,500 |
| 07-20-2026 | 202604801 | Active Under Contract | A | C | $160,000 | $143,000 | $200,400 | $19,900 | $180,500 |
| 03-04-2026 | 202604801 | New Listing | A | $160,000 | $143,000 | $200,400 | $19,900 | $180,500 | |
| 06-16-2025 | 202511643 | Cancelled | A | W | $175,000 | $0 | $245,000 | $18,600 | $226,400 |
| 05-15-2025 | 202511643 | New Listing | A | $175,000 | $0 | $245,000 | $18,600 | $226,400 | |
| 08-14-2019 | 201916837 | Sold | C | S | $165,000 | $165,000 | $214,800 | $18,100 | $196,700 |
| 06-16-2019 | 201916837 | In Escrow Showing | A | C | $165,000 | $165,000 | $214,800 | $18,100 | $196,700 |
| 06-06-2019 | 201916837 | New Listing | A | $165,000 | $165,000 | $214,800 | $18,100 | $196,700 | |
| 11-27-2018 | 201829287 | Expired | A | X | $179,000 | $0 | $199,200 | $17,300 | $181,900 |
| 11-11-2018 | 201829287 | New Listing | A | $179,000 | $0 | $199,200 | $17,300 | $181,900 | |
| 05-14-2018 | 201802037 | Sold | P | S | $152,000 | $153,000 | $194,800 | $17,300 | $177,500 |
| 02-19-2018 | 201802037 | In Escrow Not Showing | A | P | $152,000 | $153,000 | $194,800 | $17,300 | $177,500 |
| 01-29-2018 | 201802037 | New Listing | A | $152,000 | $153,000 | $194,800 | $17,300 | $177,500 | |
| 03-30-2007 | 2703549 | Sold | C | S | $145,000 | $138,000 | $91,900 | $12,300 | $79,600 |
| 02-27-2007 | 2703549 | Active Continue to Show | A | C | $145,000 | $138,000 | $91,900 | $12,300 | $79,600 |
| 02-12-2007 | 2703549 | New Listing | A | $145,000 | $138,000 | $91,900 | $12,300 | $79,600 |
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