440 Olohana St Apt 1703, Honolulu, HI 96815

If you're looking for a solid investment property in one of the world's most coveted tourist destinations, this one may be for you! Welcome to Royal Garden #1703! This building is known locally as one of the best-kept-secret legal vacation rental buildings in Waikiki at this price point. With other similar buildings needing constant maintenance and upkeep, the Royal Garden at Waikiki is extremely well maintained and stands apart due to it's opulent design and luxury finishes throughout. The building was built in 1977, but feels much newer due to the lobby and amenity areas that are wrapped in marble and feel like a perfect balance between Hawaii and Italy. Owner's use these details as a way to attract short-term rental guests at higher than average rates compared to other buildings in this price range. What's even better is that you can have the added bonus of depreciating this investment property over the course of 27.5 years for an estimated annual deduction of approximately $12, 000 which will help to offset any income received. Amenities at this building are abundant with an outdoor pool, community laundry, and much more! Schedule your showing or reach out for more info today!

Property Features