The Ulu Team

$450,000

134 Kapahulu Avenue #518

WAIKIKI · Honolulu · 96815 · MLS 202605385

  • 0beds
  • 1baths
  • 363living sqft
  • Condotype

Exceptional opportunity to own a legal short-term rental in Waikiki. Perfectly positioned on the Kapiolani Park/Honolulu Zoo side of Waikiki, this property offers guests unbeatable access to world-famous beaches, Diamond Head, dining, and outdoor activities. This well-maintained unit features one of the larger floorplans, providing a comfortable and spacious layout that stands out from many other units in the development. With a proven track record of strong rental income and consistently high occupancy, this property presents an outstanding investment opportunity in the heart of Waikiki. This unit offers an interior connecting door to adjoining Unit #519, which is also available for sale. Together, the two units can be combined to create one of the largest living spaces in the building, offering tremendous flexibility for investors seeking to maximize rental potential or owners who want the option of a larger Waikiki retreat. Whether you’re looking for a high-performing investment property or a versatile island getaway with income potential, this rare opportunity at the Waikiki Grand Hotel delivers location, flexibility, and proven returns.

Building & interior

Condition
Good Condition · Updated Remodeled
Living area
363 sqft
Total area
363 sqft
Lot size
7,231 sqft
Year built
1963
Stories
Three Or More
Floor
5
Parking
0 stalls · On Street
Furnished
Furnished
View
City

HOA & monthly fees

Maintenance fee
$1,244/mo
Total monthly fees
$1,244/mo
Fee includes
Cable Tv · Electricity · Hot Water · Internet · Maintenance Grounds · Maintenance Structure · Sewer · Water

Construction & features

Flooring
Ceramic Tile
Construction
Concrete
Community
Deck Porch · Laundry Facilities · Patio · Pool
Security
Key Card Entry

Tax & assessment

Annual property tax
$5,842/yr
Tax year
2025
Assessed — total
$406,100
Assessed — land
$113,500
Assessed — improvements
$292,600
TMK
1-2-6-027-031-0076
Zoning
X6 - Resort Mixed Use Precinct
Land tenure
Fee simple
Financing accepted
Cash · Conventional
Disclosures
Seller Disclosure

Price history

Original list
$450,000
Current
$450,000

What's included

  • AC Window Unit
  • Blinds
  • Cable TV
  • Dishwasher
  • Kitchenware
  • Linens
  • Microwave
  • Range/Oven
  • Refrigerator

Nearby

  • Pool
  • 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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