The Ulu Team

$1,575,000$1,750,000 price reduced

1777 Ala Moana Boulevard #510

WAIKIKI · Honolulu · 96815 · MLS 202528113

  • 2beds
  • 2baths
  • 1,000living sqft
  • Condotype

Legal vacation rental with great bookings, bringing in very strong rental income and 70-77% booking rates the last 3 years. Income before HOA and property taxes (with misc GET, TAT, OTAT, management fees, etc already accounted for): 2023 - $83,110.34, 2024 -$101,843.26, 2025 - $77,843.16. Direct views of Hawaiian sunsets, sailboats, and the Pacific Ocean...this what this amazing income producing corner unit at the Ilikai offers. The -10 stack looks straight out at the horizon and high enough to offer a blend of cool blue ocean and soothing green treetop views. At 1000sf, this 2-bedroom, 2-bathroom layout features an expansive living room to maximize light and ocean views flanked by two en suites at opposite ends of the unit. An open kitchen also looks out to the boat harbor and two large lanais offer outdoor living space as well. Resilient tile floors throughout, stainless steel kitchen appliances, and cooled by split A/C's. Fully furnished and currently in a vacation rental pool with fantastic bookings. Here is your opportunity to own your piece of paradise while subsidizing the cost!

Building & interior

Condition
Excellent · Updated Remodeled
Living area
1,000 sqft
Total area
1,240 sqft
Year built
1965
Renovated
2024
Floor
5
Parking
0 stalls · Valet
Furnished
Furnished
View
Canal · Ocean · Sunset

HOA & monthly fees

Maintenance fee
$1,790/mo
Other monthly
$58/mo
Total monthly fees
$1,848/mo
Fee includes
Common Areas · Cable Tv · Hot Water · Internet · Maintenance Grounds · Maintenance Structure · Sewer · Water

Construction & features

Flooring
Ceramic Tile
Construction
Double Wall · Concrete
Community
Concierge · Deck Porch · Laundry Facilities · Patio · Pool · Restaurant
Security
Closed Circuit Cameras · Fire Sprinkler System · Security Guard

Tax & assessment

Annual property tax
$26,245/yr
Tax year
2026
Assessed — total
$1,572,400
Assessed — land
$244,200
Assessed — improvements
$1,328,200
TMK
1-2-6-010-007-0038
Zoning
X6 - Resort Mixed Use Precinct
Land tenure
Fee simple
Financing accepted
Cash · Conventional
Disclosures
Seller Disclosure

Price history

Original list
$1,750,000
Previous
$1,750,000
Current
$1,575,000

What's included

  • AC Split
  • Blinds
  • Cable TV
  • Dishwasher
  • Disposal
  • Microwave Hood
  • Range/Oven
  • Refrigerator

Nearby

  • Pool
  • Restaurant
  • Concierge
  • Hot Water

Listed by Compass

Information is from the Honolulu MLS and sources deemed reliable but is not guaranteed. Square footage, lot size, taxes, permits, and land tenure should be independently verified. Not a solicitation of property already listed.

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