This high-floor unit in the Waikiki Banyan Tower-1 offers partial ocean view from lanai and is just minutes away from Waikiki Beach, premier shopping, and fine dining. Currently enrolled in the Aqua-Aston Hotel Rental Program, this unit provides a perfect balance of personal use and investment income. It is in great condition, thanks to daily maid service and maintenance provided by the hotel rental program. Elevator modernization and renovation of the amenity deck on the 6th floor are in progress. Fire sprinklers and recently installed new DWV piping system throughout the building add to the overall value and peace of mind. While the unit comes with the sandwich lease ($52.20 per month), it will end in November 2035, after which the property will be 100% fee simple property. Special assessment is $570.78 per month until December 2025, BUT SPECIAL ASSESSMENTS WILL BE PAID OFF BY THE SELLER AT CLOSING! This is an incredible opportunity to own a property with excellent rental potential and long-term value. Don't miss out on this exceptional opportunity!
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Interior Features
- Furnished Description: Furnished
- Flooring: Carpet, Ceramic Tile
Pool and Spa
Land Info
- Lot Size Acres: 2.2910008
- Lot Size Square Feet: 99796
Garage and Parking
- Parking Features: Covered, One Space, Unassigned
- Parking Total: 1
Home Features
- View: City, Mountain(s), Ocean
- Security Features: Closed Circuit Camera(s), Fire Sprinkler System, Security Guard
School Information
- Elementary School: Jefferson
- High School: Kaimuki
- Middle School: Washington
Homeowners Association
- Association Amenities: Management
- Association Fee Frequency: Monthly
- Association Fee 2 Frequency: Monthly
- Association Fee Includes: Common Areas, Cable TV, Electricity, Hot Water, Internet, Sewer, Water
- Maintenance Expense: 902.2
Amenities and Community Features
- Community Features: Barbecue, Community Pool, Deck/Porch, Laundry Facilities, Playground, Patio, Recreation Area, Sauna, Tennis Court(s), Trash Chute, Condo Hotel Community
Other Property Info
- Annual Tax Amount: 7224.00
- Source Listing Status: Active
- County: Oahu
- Source Property Type: Residential
- Inclusions: AC Window Unit, Cable TV, Disposal, Drapes, Microwave Hood, Microwave, Range/Oven, Refrigerator, Smoke Detector
- Area: Metro
- Property Subtype: condo
- Source Neighborhood: WAIKIKI
- Parcel Number: 1-2-6-025-005-0306
- Postal City: Honolulu
- Subdivision: WAIKIKI
- Zoning Description: X2 - Apartment Precinct
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 533
- Year Built: 1977
- Building Area Total: 600
- Building Name: Waikiki Banyan
- Common Walls: End Unit
- Construction Materials: Concrete
- Entry Level: 29
- Levels: One
- Property Age: 48
- Property Condition: Good Condition, Updated/Remodeled
- House Style: High Rise
- Total Area Sqft: 600
- Year Built Effective: 2009
- Architectural Style: High Rise