2888 Ala Ilima Street Unit 2103, Honolulu, HI 96818

List Price
$206,000
Days on Market
176
MLS#
202506342
Status
ACTIVE
Type
Condo
Building
Five Regents
Full Baths
1
Living Area
300
Land Area
50,138
Land Tenure
LH - Leasehold
Neighborhood
Salt Lake

Property Description

An Unbeatable Opportunity – Fixed Land Lease Until 2078! Imagine owning a beautifully renovated studio with a fixed land lease of just $48.00 per month until March 2078—yes, that means no increases for the next 56 years! Whether you're a first-time homebuyer or looking to jumpstart your investment portfolio, this move-in-ready unit offers incredible value. Step inside to find a modern living space featuring brand-new cabinets, sleek quartz countertops, and updated appliances. The bathroom has been transformed with floor-to-ceiling tile, a stylish walk-in shower, and a matching quartz vanity top. Throughout the unit, durable ceramic tile flooring replaces outdated finishes, and the popcorn ceiling has been removed for a fresh, contemporary feel. Positioned to face north-northeast, this unit welcomes cool trade winds, eliminating the need for excessive air conditioning while offering breathtaking views of the Honolulu Country Club golf course, canal, and surrounding mountain range. The building is packed with top-tier amenities, including a pool, basketball and tennis courts, sauna, BBQ area, recreation space, meeting room, guest parking, and 24-hour security.

Additional Information

Island
Oahu
View
Mountain(s), Other, Sunset
Lot Size
50,138
Construction Materials
Hollow Tile, Concrete
Neighborhood
Salt Lake
Subdivision
Salt Lake
Year Built
1978
Building Name
Five Regents
Inclusions
AC Window Unit, Cable TV, Ceiling Fan, Range Hood, Refrigerator, Smoke Detector
Maintenance Expense
$470.24
Parking Features
Assigned, Covered, One Space
Unit
2103
Amenities
Management
Style
High Rise
Assessed Total
241000

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Jeffrey Samuels Realty.

Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2025 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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