2888 Ala Ilima Street Unit 2103
Honolulu, HI 96818
- – beds
- 1 bath
- 300 sqft
- $686 per sqft
- 1978 build
- – on site
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 Throughout the unit, durable ceramic tile flooring replaces outdated finishes, and the popcorn ceiling has been removed for a fresh, contemporary feel.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.
Last checked:
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Last updated Mar 31, 2025
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MLS# 202506342 —
The Building
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Unit Number:2103
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Year Built:1978
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Building Name:Five Regents
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New Construction:false
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Construction Materials:HollowTile,Concrete
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Architectural Style:HighRise
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Levels:One
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Entry Level:21
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Security Features:SecurityGuard
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Building Area Total:300.0
Interior
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Flooring:CeramicTile,Other
Room Dimensions
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Living Area:300.0
Financial & Terms
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Lease Amount:48.0
The Property
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Property Type:Residential
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Property Subtype:Condominium
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Property Condition:Excellent
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Lot Size Area:50138.0
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Zoning Description:12 - A-2 Medium Density Apartme
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Parcel Number:1-1-1-062-024-0194
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View:Mountains,Other,Sunset
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View:true
Listing Agent
- Contact info:
- Agent phone:
- (808) 221-0557
- Office phone:
- (808) 221-0557
Taxes
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Tax Annual Amount:840.0
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Tax Assessed Value:241000
Baths
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Total Baths:1
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Full Baths:1
The Listing
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Virtual Tour URL Unbranded:http://www.hirephoto.com/fiveregents2103/slideshow
The Community
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Subdivision Name:SALT LAKE
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Community Features:Barbecue,CommunityPool,DeckPorch,LaundryFacilities,Patio,Pool,RecreationArea,Sauna,TrashChute
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Association Amenities:Management
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Association Fee Includes:None,Sewer,Water
Parking
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Parking Total:1.0
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Parking Features:Assigned,Covered,OneSpace
Monthly cost estimate
Asking price
$206,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$1,103
|
| Taxes | $70 |
| Insurance | $56 |
| Utilities | $241 See report |
| Total | $1,470/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/6/25
Mar 6, 2025
|
Listed / Active | HI_CENTRAL_MLS | $206,000 |
